ACLOX Fees and Costs — NT Small Company Fund, G Class
Data updated: 2019-11-22
The net expense ratio is 0.01%: a 0.66% management fee plus 0.01% other expenses, less a 0.66% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $255K in broker commissions, 0.0641% of average net assets, and portfolio turnover was 109%.
ACLOX Fees and Expenses
Annual operating expenses and sales charges of ACLOX. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.66% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.67% |
| Fee waiver | −0.66% |
| 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 |
ACLOX Costs Over Time
On $10,000 invested in ACLOX, assuming 5% a year before costs, total costs come to $47 over 5 years, cutting the return by 0.08% 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) | $7 | $21 | $37 |
| Lost growth on money paid in costs | $0 | $1 | $4 |
| Total costs | $8 | $26 | $47 |
| Value after costs | $10,492 | $11,551 | $12,716 |
| Impact on return, per year | 0.08% | 0.08% | 0.08% |
ACLOX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0641%
- Total broker commissions: $255K
- Bought from dealers (principal trades, not a cost): $1.0B
- Portfolio turnover (prospectus): 109%
- Securities on loan, average value: $2.1M
- Net income from securities lending: $5K (0.001% of average net assets)
ACLOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Capital Markets Inc | $39K | 16.78% |
| Sanford C. Bernstein | $38K | 16.36% |
| J.P. Morgan Securities | $33K | 13.91% |
| Bank of America Merrill Lynch | $27K | 11.61% |
| Liquidnet | $21K | 9.04% |
| UBS Warburg | $19K | 8.01% |
| Barclays Capital | $18K | 7.49% |
| Jefferies LLC | $18K | 7.47% |
| Morgan Stanley | $14K | 5.80% |
| Evercore ISI Investment Group | $8K | 3.53% |
ACLOX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BMO Capital Markets | $785.8M | 76.36% |
| State Street Global Markets | $243.2M | 23.64% |
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.