ZGEIX Fees and Costs — Ninety One Global Environment Fund, I Shares
Data updated: 2024-09-30
The net expense ratio is 0.90%: a 0.75% management fee plus 0.68% other expenses, less a 0.53% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $12K in broker commissions, 0.0358% of average net assets, and portfolio turnover was 45%.
ZGEIX Fees and Expenses
Annual operating expenses and sales charges of ZGEIX. Prospectus, as of February 29, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.68% |
| Gross expense ratio | 1.43% |
| Fee waiver | −0.53% |
| Net expense ratio | 0.90% |
| 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 | Yes |
ZGEIX Costs Over Time
On $10,000 invested in ZGEIX, assuming 5% a year before costs, total costs come to $586 over 5 years, cutting the return by 0.98% 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 0.90%) | $94 | $295 | $512 |
| Trading costs (broker commissions) | $4 | $12 | $20 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $98 | $322 | $586 |
| Value after costs | $10,402 | $11,254 | $12,177 |
| Impact on return, per year | 0.98% | 0.98% | 0.98% |
ZGEIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0358%
- Total broker commissions: $12K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 45%
- Securities lending: none during the year
ZGEIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| HSBC | $3K | 29.95% |
| SEI FINANCIAL SERVICES | $2K | 24.26% |
| INSTINET PACIFIC LTD | $901 | 9.91% |
| J.P. MORGAN SECURITIES | $882 | 9.70% |
| UBS SECURITIES LLC | $611 | 6.72% |
| CANTOR FITZGERALD & CO. | $510 | 5.61% |
| CREDIT LYONNAIS SECURITIES (USA) INC. | $405 | 4.45% |
| MORGAN STANLEY & CO, INC | $306 | 3.36% |
| JEFFERIES LLC | $299 | 3.29% |
| MACQUARIE CAPITAL | $251 | 2.76% |
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.