RNWOX Fees and Costs — Rondure New World Fund, Investor Class
Data updated: 2023-09-28
The net expense ratio is 1.35%: a 0.85% management fee, a 0.25% 12b-1 fee plus 0.51% other expenses, less a 0.26% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2023 the fund paid $326K in broker commissions, 0.1483% of average net assets, and portfolio turnover was 46%.
RNWOX Fees and Expenses
Annual operating expenses and sales charges of RNWOX. Prospectus, as of August 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.51% |
| Gross expense ratio | 1.61% |
| Fee waiver | −0.26% |
| Net expense ratio | 1.35% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
RNWOX Costs Over Time
On $10,000 invested in RNWOX, assuming 5% a year before costs, total costs come to $928 over 5 years, cutting the return by 1.57% 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 1.35%) | $142 | $440 | $759 |
| Trading costs (broker commissions) | $16 | $48 | $83 |
| Lost growth on money paid in costs | $0 | $24 | $86 |
| Total costs | $157 | $513 | $928 |
| Value after costs | $10,343 | $11,064 | $11,835 |
| Impact on return, per year | 1.57% | 1.57% | 1.57% |
RNWOX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.1483%
- Total broker commissions: $326K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 46%
- Securities lending: none during the year
RNWOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Clsa | $79K | 29.33% |
| UOB KAY HIAN (U.S.) INC. | $34K | 12.62% |
| MACQUARIE CAPITAL (USA) INC. | $32K | 11.76% |
| Auerbach Grayson & Co | $25K | 9.14% |
| ITAU INTERNATIONAL SECURITIES INC. | $19K | 7.20% |
| Maybank Kim Eng | $19K | 7.13% |
| EFG-HERMES USA, INC. | $16K | 5.94% |
| DAIWA CAPITAL MARKETS AMERICA INC. | $16K | 5.88% |
| Morgan Stanley | $16K | 5.85% |
| LIQUIDNET, INC. | $14K | 5.15% |
Rondure New World Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RNWIX | Institutional Class | 1.10% | — |
| RNWOX | Investor Class | 1.35% | — |
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.