RKEMX Fees and Costs — Rothko Emerging Markets Equity Fund
Data updated: 2020-09-25
The net expense ratio is 0.92%: a 0.75% management fee plus 1.81% other expenses, less a 1.64% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $3K in broker commissions, 0.0563% of average net assets, and portfolio turnover was 1%.
RKEMX Fees and Expenses
Annual operating expenses and sales charges of RKEMX. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | — |
| Other expenses | 1.81% |
| Gross expense ratio | 2.56% |
| Fee waiver | −1.64% |
| Net expense ratio | 0.92% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
RKEMX Costs Over Time
On $10,000 invested in RKEMX, assuming 5% a year before costs, total costs come to $611 over 5 years, cutting the return by 1.03% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.92%) | $97 | $301 | $523 |
| Trading costs (broker commissions) | $6 | $18 | $32 |
| Lost growth on money paid in costs | $0 | $16 | $56 |
| Total costs | $103 | $336 | $611 |
| Value after costs | $10,397 | $11,240 | $12,152 |
| Impact on return, per year | 1.03% | 1.03% | 1.03% |
RKEMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0563%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 1%
- Securities lending: none during the year
RKEMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CHINA INTL CAPITAL CORP | $584 | 20.10% |
| JP MORGAN SECURITIES, INC. | $569 | 19.56% |
| CREDIT LYONNAIS SECURITIES (USA) INC. | $547 | 18.82% |
| CLSA LTD | $390 | 13.40% |
| ITAU SECURITIES INC. | $279 | 9.60% |
| HSBC | $167 | 5.74% |
| UBS SECURITIES LLC | $159 | 5.46% |
| MAGNA SECURITIES CORPORATION | $131 | 4.49% |
| J.P. MORGAN SECURITIES | $82 | 2.83% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.