ACLLX Fees and Costs — NT Focused Large Cap Value, G Class
Data updated: 2022-02-22
The net expense ratio is 0.00% (0.48% before fee waivers). There are no sales loads or redemption fees. In fiscal 2021 the fund paid $726K in broker commissions, 0.0350% of average net assets, and portfolio turnover was 109%.
ACLLX Fees and Expenses
Annual operating expenses and sales charges of ACLLX. Prospectus, as of July 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.48% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.48% |
| Fee waiver | −0.48% |
| Net expense ratio | 0.00% |
| 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 |
ACLLX Costs Over Time
On $10,000 invested in ACLLX, assuming 5% a year before costs, total costs come to $22 over 5 years, cutting the return by 0.04% 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 0.00%) | $0 | $0 | $0 |
| Trading costs (broker commissions) | $4 | $12 | $20 |
| Lost growth on money paid in costs | $0 | $1 | $2 |
| Total costs | $4 | $12 | $22 |
| Value after costs | $10,496 | $11,564 | $12,740 |
| Impact on return, per year | 0.04% | 0.04% | 0.04% |
ACLLX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0350%
- Total broker commissions: $726K
- Bought from dealers (principal trades, not a cost): $13.3B
- Portfolio turnover (prospectus): 109%
- Securities lending: none during the year
ACLLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley | $104K | 17.43% |
| Sanford C. Bernstein | $93K | 15.60% |
| Bank of America Merrill Lynch | $72K | 12.11% |
| J.P. Morgan Securities | $64K | 10.71% |
| Credit Suisse First Boston Corp | $62K | 10.41% |
| Citigroup Capital Markets Inc | $57K | 9.54% |
| Jefferies LLC | $55K | 9.25% |
| Barclays Capital | $40K | 6.63% |
| Evercore ISI Investment Group | $29K | 4.78% |
| BMO Capital Markets | $21K | 3.54% |
ACLLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets | $6.3B | 47.31% |
| BMO Capital Markets | $3.9B | 29.55% |
| Credit Suisse First Boston Corp | $1.2B | 9.11% |
| J.P. Morgan Securities | $835.8M | 6.30% |
| Morgan Stanley | $585.9M | 4.42% |
| Bank of America Merrill Lynch | $320.8M | 2.42% |
| UBS Warburg | $113.6M | 0.86% |
| Johnson Controls International | $4.1M | 0.03% |
| Goldman Sachs | $1.4M | 0.01% |
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.