TBMIX Fees and Costs — TOBAM Emerging Markets Fund, Class I
Data updated: 2023-08-21
The net expense ratio is 1.10%: a 0.80% management fee plus 0.39% other expenses, less a 0.09% fee waiver. This share class carries a redemption fee of 1.00%. In fiscal 2022 the fund paid $36K in broker commissions, 0.0331% of average net assets, and portfolio turnover was 43%.
TBMIX Fees and Expenses
Annual operating expenses and sales charges of TBMIX. Prospectus, as of January 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | — |
| Other expenses | 0.39% |
| Gross expense ratio | 1.19% |
| Fee waiver | −0.09% |
| Net expense ratio | 1.10% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
TBMIX Costs Over Time
On $10,000 invested in TBMIX, assuming 5% a year before costs, total costs come to $707 over 5 years, cutting the return by 1.19% 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 1.10%) | $116 | $360 | $623 |
| Trading costs (broker commissions) | $3 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $18 | $65 |
| Total costs | $119 | $389 | $707 |
| Value after costs | $10,381 | $11,187 | $12,056 |
| Impact on return, per year | 1.19% | 1.19% | 1.19% |
TBMIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0331%
- Total broker commissions: $36K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 43%
- Securities lending: none during the year
TBMIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $14K | 38.01% |
| UBS Securities LLC | $9K | 24.48% |
| J.P. Morgan Securities LLC | $8K | 21.58% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $3K | 9.61% |
| BARCLAYS CAPITAL, INC. | $1K | 4.04% |
| Btg Pactual Chile SA Corredores De Bolsa | $775 | 2.17% |
| CITIGROUP GLOBAL MARKETS INC. | $40 | 0.11% |
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.