RPICX Fees and Costs — T. Rowe Price Institutional International Disciplined Equity Fund
Data updated: 2024-09-27
The net expense ratio is 0.75%: a 0.65% management fee plus 0.16% other expenses, less a 0.06% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $174K in broker commissions, 0.0807% of average net assets, and portfolio turnover was 94%.
RPICX Fees and Expenses
Annual operating expenses and sales charges of RPICX. Prospectus, as of October 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | — |
| Other expenses | 0.16% |
| Gross expense ratio | 0.81% |
| Fee waiver | −0.06% |
| Net expense ratio | 0.75% |
| 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 | Yes |
RPICX Costs Over Time
On $10,000 invested in RPICX, assuming 5% a year before costs, total costs come to $521 over 5 years, cutting the return by 0.87% 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 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $8 | $26 | $46 |
| Lost growth on money paid in costs | $0 | $13 | $48 |
| Total costs | $87 | $286 | $521 |
| Value after costs | $10,413 | $11,290 | $12,241 |
| Impact on return, per year | 0.87% | 0.87% | 0.87% |
RPICX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0807%
- Total broker commissions: $174K
- Bought from dealers (principal trades, not a cost): $14
- Portfolio turnover (prospectus): 94%
- Securities on loan, average value: $3.2M
- Net income from securities lending: $35K (0.016% of average net assets)
RPICX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $16K | 14.15% |
| BARCLAYS CAPITAL INC. | $13K | 12.13% |
| RBC Capital Markets, LLC | $12K | 11.34% |
| UBS AG | $12K | 11.29% |
| BOFA SECURITIES, INC. | $11K | 9.69% |
| Citigroup Inc. | $10K | 9.46% |
| NATIONAL BANK OF CANADA | $9K | 8.13% |
| Virtu ITG Hong Kong Limited | $9K | 8.10% |
| J.P. MORGAN SECURITIES LLC | $9K | 8.06% |
| MORGAN STANLEY & CO. LLC | $8K | 7.66% |
RPICX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Nomura International PLC | $14 | 100.00% |
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.