ACLEX Fees and Costs — NT Equity Growth Fund, G Class
Data updated: 2022-05-25
The net expense ratio is 0.01%: a 0.45% management fee plus 0.01% other expenses, less a 0.45% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $407K in broker commissions, 0.0387% of average net assets, and portfolio turnover was 189%.
ACLEX Fees and Expenses
Annual operating expenses and sales charges of ACLEX. Prospectus, as of October 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.46% |
| Fee waiver | −0.45% |
| Net expense ratio | 0.01% |
| 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 |
ACLEX Costs Over Time
On $10,000 invested in ACLEX, assuming 5% a year before costs, total costs come to $31 over 5 years, cutting the return by 0.05% 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 0.01%) | $1 | $3 | $6 |
| Trading costs (broker commissions) | $4 | $13 | $22 |
| Lost growth on money paid in costs | $0 | $1 | $3 |
| Total costs | $5 | $17 | $31 |
| Value after costs | $10,495 | $11,559 | $12,732 |
| Impact on return, per year | 0.05% | 0.05% | 0.05% |
ACLEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0387%
- Total broker commissions: $407K
- Bought from dealers (principal trades, not a cost): $4.0B
- Portfolio turnover (prospectus): 189%
- Securities lending: none during the year
ACLEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Sanford C. Bernstein | $58K | 16.23% |
| Jefferies LLC | $53K | 14.73% |
| Citigroup Capital Markets Inc | $38K | 10.59% |
| Evercore ISI Investment Group | $33K | 9.29% |
| Bank of America Merrill Lynch | $32K | 8.97% |
| UBS Warburg | $31K | 8.58% |
| Barclays Capital | $30K | 8.54% |
| J.P. Morgan Securities | $30K | 8.53% |
| Morgan Stanley | $26K | 7.36% |
| Credit Suisse Securities (USA) LLC Corp | $26K | 7.17% |
ACLEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets | $2.5B | 64.01% |
| BMO Capital Markets | $1.4B | 35.99% |
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.