ACLWX Fees and Costs — NT Heritage Fund, G Class
Data updated: 2022-03-28
The net expense ratio is 0.00% (0.65% before fee waivers). There are no sales loads or redemption fees. In fiscal 2021 the fund paid $228K in broker commissions, 0.0204% of average net assets, and portfolio turnover was 64%.
ACLWX Fees and Expenses
Annual operating expenses and sales charges of ACLWX. Prospectus, as of February 28, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.65% |
| Fee waiver | −0.65% |
| 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 |
ACLWX Costs Over Time
On $10,000 invested in ACLWX, assuming 5% a year before costs, total costs come to $13 over 5 years, cutting the return by 0.02% 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) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $0 | $1 |
| Total costs | $2 | $7 | $13 |
| Value after costs | $10,498 | $11,569 | $12,750 |
| Impact on return, per year | 0.02% | 0.02% | 0.02% |
ACLWX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0204%
- Total broker commissions: $228K
- Bought from dealers (principal trades, not a cost): $3.0B
- Portfolio turnover (prospectus): 64%
- Securities on loan, average value: $4.1M
- Net income from securities lending: $10K (0.001% of average net assets)
ACLWX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Sanford C. Bernstein | $34K | 20.32% |
| Jefferies LLC | $22K | 13.02% |
| J.P. Morgan Securities | $19K | 11.39% |
| Citigroup Capital Markets Inc | $18K | 10.55% |
| Credit Suisse Securities (USA) LLC | $18K | 10.49% |
| Morgan Stanley | $16K | 9.76% |
| Wells Fargo Securities | $13K | 7.78% |
| Bank of America Merrill Lynch | $11K | 6.34% |
| UBS Warburg | $10K | 6.24% |
| Keybanc Capital Markets Inc | $7K | 4.11% |
ACLWX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets | $2.1B | 67.76% |
| BMO Capital Markets | $831.0M | 27.30% |
| Bank of America Merrill Lynch | $146.5M | 4.81% |
| Barclays Capital | $4.0M | 0.13% |
| Morgan Stanley | $19K | 0.00% |
| J.P. Morgan Securities | $19K | 0.00% |
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.