SMLNX Fees and Costs — Schroder Emerging Markets Small Cap Fund, Investor Class
Data updated: 2020-01-14
The net expense ratio is 1.50%: a 1.15% management fee plus 13.21% other expenses, less a 12.86% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2019 the fund paid $1K in broker commissions, 0.0516% of average net assets, and portfolio turnover was 38%.
SMLNX Fees and Expenses
Annual operating expenses and sales charges of SMLNX. Prospectus, as of February 28, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 1.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 13.21% |
| Gross expense ratio | 14.36% |
| Fee waiver | −12.86% |
| Net expense ratio | 1.50% |
| 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 | No |
SMLNX Costs Over Time
On $10,000 invested in SMLNX, assuming 5% a year before costs, total costs come to $960 over 5 years, cutting the return by 1.63% 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 1.50%) | $158 | $489 | $842 |
| Trading costs (broker commissions) | $5 | $17 | $29 |
| Lost growth on money paid in costs | $0 | $25 | $88 |
| Total costs | $163 | $531 | $960 |
| Value after costs | $10,337 | $11,046 | $11,803 |
| Impact on return, per year | 1.63% | 1.63% | 1.63% |
SMLNX 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): 0.0516%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $3K
- Portfolio turnover (prospectus): 38%
- Securities lending: none during the year
SMLNX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley | $233 | 26.95% |
| Bank of America | $211 | 24.37% |
| JP Morgan | $95 | 11.02% |
| Credit Suisse | $72 | 8.27% |
| China International Capital Corp. | $47 | 5.42% |
| Goldman Sachs | $46 | 5.32% |
| Scotiabank | $46 | 5.32% |
| Exotix Capital | $42 | 4.81% |
| UBS | $39 | 4.56% |
| Hermes Portfolio Management | $34 | 3.97% |
SMLNX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley | $3K | 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.