ANTVX Fees and Costs — NT International Value Fund, Investor Class
Data updated: 2022-04-25
The net expense ratio is 1.11%: a 1.10% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $1.1M in broker commissions, 0.0870% of average net assets, and portfolio turnover was 141%.
ANTVX Fees and Expenses
Annual operating expenses and sales charges of ANTVX. Prospectus, as of March 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 1.10% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 1.11% |
| Fee waiver | — |
| Net expense ratio | 1.11% |
| 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 |
ANTVX Costs Over Time
On $10,000 invested in ANTVX, assuming 5% a year before costs, total costs come to $746 over 5 years, cutting the return by 1.26% 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 1.11%) | $117 | $363 | $628 |
| Trading costs (broker commissions) | $9 | $28 | $49 |
| Lost growth on money paid in costs | $0 | $19 | $69 |
| Total costs | $126 | $411 | $746 |
| Value after costs | $10,374 | $11,166 | $12,017 |
| Impact on return, per year | 1.26% | 1.26% | 1.26% |
ANTVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0870%
- Total broker commissions: $1.1M
- Bought from dealers (principal trades, not a cost): $5.5B
- Portfolio turnover (prospectus): 141%
- Securities on loan, average value: $18.4M
- Net income from securities lending: $291K (0.023% of average net assets)
ANTVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities | $188K | 19.19% |
| Morgan Stanley | $182K | 18.53% |
| Credit Suisse Securities (USA) LLC | $144K | 14.64% |
| Daiwa Capital Markets America, Inc. | $83K | 8.47% |
| Jefferies LLC | $82K | 8.38% |
| Barclays Capital | $71K | 7.27% |
| UBS Warburg | $70K | 7.18% |
| Bank of America Merrill Lynch | $69K | 7.01% |
| Citigroup Capital Markets Inc | $61K | 6.18% |
| Macquarie Securities | $31K | 3.16% |
ANTVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets | $2.9B | 52.09% |
| BMO Capital Markets | $1.1B | 19.93% |
| Bank of America Merrill Lynch | $588.6M | 10.64% |
| J.P. Morgan Securities | $310.7M | 5.62% |
| Credit Suisse Securities (USA) LLC | $306.5M | 5.54% |
| UBS Warburg | $140.5M | 2.54% |
| Morgan Stanley | $136.7M | 2.47% |
| Goldman Sachs | $64.2M | 1.16% |
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.