TIEMX Fees and Costs — Timothy Plan Emerging Markets Fund, Class I
Data updated: 2019-12-13
The net expense ratio is 2.37%. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $19K in broker commissions, 0.0871% of average net assets, and portfolio turnover was 51%.
TIEMX Fees and Expenses
Annual operating expenses and sales charges of TIEMX. Prospectus, as of January 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 1.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.15% |
| Gross expense ratio | 2.37% |
| Fee waiver | — |
| Net expense ratio | 2.37% |
| 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 |
TIEMX Costs Over Time
On $10,000 invested in TIEMX, assuming 5% a year before costs, total costs come to $1,493 over 5 years, cutting the return by 2.58% 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 2.37%) | $249 | $765 | $1,306 |
| Trading costs (broker commissions) | $9 | $28 | $48 |
| Lost growth on money paid in costs | $0 | $40 | $139 |
| Total costs | $258 | $833 | $1,493 |
| Value after costs | $10,242 | $10,744 | $11,270 |
| Impact on return, per year | 2.58% | 2.58% | 2.58% |
TIEMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0871%
- Total broker commissions: $19K
- Bought from dealers (principal trades, not a cost): $453K
- Portfolio turnover (prospectus): 51%
- Securities lending: none during the year
TIEMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CREDIT SUISSE | $3K | 20.72% |
| MORGAN STANLEY SMITH BARNEY | $3K | 18.04% |
| GOLDMAN SACHS | $2K | 11.57% |
| BANK OF AMERICA MERRILL LYNCH | $2K | 9.95% |
| JEFFERIES GROUP | $1K | 9.24% |
| HSBC SECURITIES | $1K | 8.07% |
| MACQUARIE GROUP | $1K | 8.01% |
| JPMORGAN CHASE | $927 | 5.93% |
| UBS WARBURG | $723 | 4.63% |
| SANFORD C BERNSTEIN & CO LLC | $596 | 3.82% |
TIEMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MACQUARIE GROUP | $258K | 56.99% |
| UBS AG | $195K | 43.01% |
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.