TEMUX Fees and Costs — Emerging Markets Equity Fund
Data updated: 2026-07-28
The net expense ratio is 0.75%: a 0.90% management fee plus 0.21% other expenses, less a 0.36% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $200K in broker commissions, 0.0352% of average net assets, and portfolio turnover was 42%.
TEMUX Fees and Expenses
Annual operating expenses and sales charges of TEMUX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.21% |
| Gross expense ratio | 1.11% |
| Fee waiver | −0.36% |
| 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 | No |
TEMUX Costs Over Time
On $10,000 invested in TEMUX, assuming 5% a year before costs, total costs come to $493 over 5 years, cutting the return by 0.82% 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) | $4 | $12 | $20 |
| Lost growth on money paid in costs | $0 | $13 | $45 |
| Total costs | $82 | $271 | $493 |
| Value after costs | $10,418 | $11,306 | $12,270 |
| Impact on return, per year | 0.82% | 0.82% | 0.82% |
TEMUX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0352%
- Total broker commissions: $200K
- Bought from dealers (principal trades, not a cost): $9.2M
- Portfolio turnover (prospectus): 42%
- Securities on loan, average value: $2.6M
- Net income from securities lending: $23K (0.004% of average net assets)
TEMUX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $27K | 17.38% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $26K | 16.42% |
| Macquarie Capital (USA) Inc. | $22K | 14.24% |
| CREDIT LYONNAIS | $15K | 9.25% |
| Goldman Sachs & Co, LLC | $14K | 8.90% |
| Citigroup Global Markets Inc. | $13K | 8.22% |
| UBS Securities LLC | $13K | 8.08% |
| INSTINET, LLC | $10K | 6.56% |
| Jefferies LLC | $9K | 5.48% |
| HSBC SECURITIES (USA) INC. | $9K | 5.48% |
TEMUX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITATION FINANCIAL GROUP | $3.8M | 41.26% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $3.8M | 40.72% |
| J.P. MORGAN SECURITIES LLC | $1.1M | 12.00% |
| Citigroup Global Markets Inc. | $443K | 4.80% |
| Goldman Sachs & Co, LLC | $112K | 1.21% |
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.