TREBX Fees and Costs — T. Rowe Price Institutional Emerging Markets Bond Fund
Data updated: 2024-08-27
The net expense ratio is 0.70%. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $7K in broker commissions, 0.0019% of average net assets, and portfolio turnover was 25%.
TREBX Fees and Expenses
Annual operating expenses and sales charges of TREBX. Prospectus, as of December 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.70% |
| Fee waiver | — |
| Net expense ratio | 0.70% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
TREBX Costs Over Time
On $10,000 invested in TREBX, assuming 5% a year before costs, total costs come to $442 over 5 years, cutting the return by 0.74% 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 0.70%) | $74 | $230 | $400 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $74 | $242 | $442 |
| Value after costs | $10,426 | $11,334 | $12,321 |
| Impact on return, per year | 0.74% | 0.74% | 0.74% |
TREBX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0019%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $179.8M
- Portfolio turnover (prospectus): 25%
- Securities lending: none during the year
TREBX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $3K | 41.76% |
| GOLDMAN SACHS & CO. LLC | $2K | 30.80% |
| MORGAN STANLEY & CO. LLC | $1K | 16.34% |
| BOFA SECURITIES, INC. | $396 | 5.92% |
| Citigroup Inc. | $347 | 5.19% |
TREBX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $27.0M | 17.76% |
| GOLDMAN SACHS & CO. LLC | $23.1M | 15.18% |
| Citigroup Inc. | $22.0M | 14.47% |
| BARCLAYS CAPITAL INC. | $17.1M | 11.26% |
| BOFA SECURITIES, INC. | $16.3M | 10.73% |
| HSBC Securities (USA) Inc. | $14.8M | 9.74% |
| J.P. MORGAN SECURITIES LLC | $14.1M | 9.29% |
| MORGAN STANLEY & CO. LLC | $10.1M | 6.66% |
| STANDARD BANK PLC | $3.8M | 2.53% |
| STANDARD CHARTERED SECURITIES (NORTH AMERICA) LLC | $3.6M | 2.38% |
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.