ACLKX Fees and Costs — NT Emerging Markets Fund, G Class
Data updated: 2022-04-25
The net expense ratio is 0.01%: a 0.90% management fee plus 0.01% other expenses, less a 0.90% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $604K in broker commissions, 0.0743% of average net assets, and portfolio turnover was 49%.
ACLKX Fees and Expenses
Annual operating expenses and sales charges of ACLKX. Prospectus, as of March 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.91% |
| Fee waiver | −0.90% |
| 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 |
ACLKX Costs Over Time
On $10,000 invested in ACLKX, assuming 5% a year before costs, total costs come to $54 over 5 years, cutting the return by 0.09% 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) | $8 | $25 | $43 |
| Lost growth on money paid in costs | $0 | $1 | $5 |
| Total costs | $9 | $29 | $54 |
| Value after costs | $10,491 | $11,547 | $12,709 |
| Impact on return, per year | 0.09% | 0.09% | 0.09% |
ACLKX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0743%
- Total broker commissions: $604K
- Bought from dealers (principal trades, not a cost): $3.3B
- Portfolio turnover (prospectus): 49%
- Securities on loan, average value: $6.9M
- Net income from securities lending: $67K (0.008% of average net assets)
ACLKX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Bank of America Merrill Lynch | $104K | 19.28% |
| Credit Suisse Securities (USA) LLC | $94K | 17.43% |
| UBS Warburg | $66K | 12.15% |
| J.P. Morgan Securities | $62K | 11.39% |
| Morgan Stanley | $59K | 10.95% |
| Citigroup Capital Markets Inc | $44K | 8.18% |
| HSBC Securities Incorporated | $31K | 5.64% |
| Jefferies LLC | $30K | 5.47% |
| Macquarie Securities | $29K | 5.40% |
| Citic Securities Co Ltd | $22K | 4.11% |
ACLKX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets | $2.3B | 68.86% |
| BMO Capital Markets | $849.7M | 25.90% |
| Bank of America Merrill Lynch | $68.0M | 2.07% |
| Morgan Stanley | $34.6M | 1.05% |
| J.P. Morgan Securities | $26.8M | 0.82% |
| UBS Warburg | $17.7M | 0.54% |
| Goldman Sachs | $17.2M | 0.53% |
| Prosus NV | $6.1M | 0.19% |
| Credit Suisse Securities (USA) LLC | $1.5M | 0.05% |
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.