ACNKX Fees and Costs — NT Core Equity Plus Fund, G Class
Data updated: 2019-11-22
The net expense ratio is 0.67%: a 1.09% management fee plus 0.67% other expenses, less a 1.09% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $283K in broker commissions, 0.0547% of average net assets, and portfolio turnover was 126%.
ACNKX Fees and Expenses
Annual operating expenses and sales charges of ACNKX. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 1.09% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.67% |
| Gross expense ratio | 1.76% |
| Fee waiver | −1.09% |
| Net expense ratio | 0.67% |
| 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 |
ACNKX Costs Over Time
On $10,000 invested in ACNKX, assuming 5% a year before costs, total costs come to $456 over 5 years, cutting the return by 0.76% 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 0.67%) | $70 | $220 | $383 |
| Trading costs (broker commissions) | $6 | $18 | $31 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $76 | $250 | $456 |
| Value after costs | $10,424 | $11,326 | $12,307 |
| Impact on return, per year | 0.76% | 0.76% | 0.76% |
ACNKX 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): 0.0547%
- Total broker commissions: $283K
- Bought from dealers (principal trades, not a cost): $1.7B
- Portfolio turnover (prospectus): 126%
- Securities lending: none during the year
ACNKX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Capital Markets Inc | $48K | 18.71% |
| J.P. Morgan Securities | $45K | 17.42% |
| Sanford C. Bernstein | $35K | 13.65% |
| Barclays Capital | $30K | 11.63% |
| UBS Warburg | $26K | 10.26% |
| Bank of America Merrill Lynch | $19K | 7.62% |
| Morgan Stanley | $17K | 6.63% |
| Jefferies LLC | $15K | 5.92% |
| Wells Fargo Securities | $11K | 4.39% |
| Liquidnet | $10K | 3.76% |
ACNKX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BMO Capital Markets | $1.3B | 77.81% |
| State Street Global Markets | $366.9M | 22.19% |
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.