TMFEX Fees and Costs — Motley Fool Emerging Markets Fund, Investor Class
Data updated: 2019-01-16
The net expense ratio is 1.15%: a 0.85% management fee plus 0.49% other expenses, less a 0.19% fee waiver. There are no sales loads or redemption fees. In fiscal 2018 the fund paid $6K in broker commissions, 0.0159% of average net assets, and portfolio turnover was 7%.
TMFEX Fees and Expenses
Annual operating expenses and sales charges of TMFEX. Prospectus, as of December 31, 2018.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.49% |
| Gross expense ratio | 1.34% |
| Fee waiver | −0.19% |
| Net expense ratio | 1.15% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
TMFEX Costs Over Time
On $10,000 invested in TMFEX, assuming 5% a year before costs, total costs come to $727 over 5 years, cutting the return by 1.22% 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 1.15%) | $121 | $376 | $651 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $19 | $67 |
| Total costs | $122 | $400 | $727 |
| Value after costs | $10,378 | $11,176 | $12,036 |
| Impact on return, per year | 1.22% | 1.22% | 1.22% |
TMFEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2018.
- Explicit cost rate (commissions ÷ average net assets): 0.0159%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $6.6M
- Portfolio turnover (prospectus): 7%
- Securities lending: none during the year
TMFEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| DEUTSCHE BANK TRUST CO. | $2K | 35.30% |
| RAYMOND JAMES & ASSOCIATES INC. | $2K | 25.39% |
| INTERACTIVE BROKERS LLC | $1K | 21.48% |
| BAYPOINT TRADING LLC/BASS TRADING | $1K | 17.83% |
TMFEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RAYMOND JAMES & ASSOCIATES INC. | $3.6M | 55.24% |
| INTERACTIVE BROKERS LLC | $1.3M | 19.19% |
| DEUTSCHE BANK TRUST CO. | $1.0M | 15.88% |
| BAYPOINT TRADING LLC/BASS TRADING | $639K | 9.69% |
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.