ACLMX Fees and Costs — NT Mid Cap Value Fund, G Class
Data updated: 2022-02-22
The net expense ratio is 0.01%: a 0.62% management fee plus 0.01% other expenses, less a 0.62% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $374K in broker commissions, 0.0307% of average net assets, and portfolio turnover was 69%.
ACLMX Fees and Expenses
Annual operating expenses and sales charges of ACLMX. Prospectus, as of July 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.62% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.63% |
| Fee waiver | −0.62% |
| 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 |
ACLMX Costs Over Time
On $10,000 invested in ACLMX, assuming 5% a year before costs, total costs come to $26 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 0.01%) | $1 | $3 | $6 |
| Trading costs (broker commissions) | $3 | $10 | $18 |
| Lost growth on money paid in costs | $0 | $1 | $2 |
| Total costs | $4 | $14 | $26 |
| Value after costs | $10,496 | $11,562 | $12,737 |
| Impact on return, per year | 0.04% | 0.04% | 0.04% |
ACLMX 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): 0.0307%
- Total broker commissions: $374K
- Bought from dealers (principal trades, not a cost): $7.7B
- Portfolio turnover (prospectus): 69%
- Securities on loan, average value: $1.8M
- Net income from securities lending: $79K (0.006% of average net assets)
ACLMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Sanford C. Bernstein | $50K | 17.22% |
| J.P. Morgan Securities | $41K | 14.03% |
| Morgan Stanley | $39K | 13.41% |
| Barclays Capital | $32K | 11.19% |
| Evercore ISI Investment Group | $29K | 9.99% |
| Bank of America Merrill Lynch | $27K | 9.32% |
| Credit Suisse First Boston Corp | $24K | 8.34% |
| Citigroup Capital Markets Inc | $23K | 8.00% |
| RBC Capital Markets | $15K | 5.27% |
| UBS Warburg | $9K | 3.24% |
ACLMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets | $4.0B | 52.36% |
| BMO Capital Markets | $2.5B | 32.95% |
| J.P. Morgan Securities | $397.9M | 5.18% |
| Credit Suisse First Boston Corp | $326.1M | 4.25% |
| Morgan Stanley | $134.5M | 1.75% |
| Goldman Sachs | $101.4M | 1.32% |
| Bank of America Merrill Lynch | $87.3M | 1.14% |
| UBS Warburg | $76.5M | 1.00% |
| Johnson Controls International | $4.7M | 0.06% |
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.