C000002926 Fees and Costs — TETON Westwood Intermediate Bond Fund, Class C
Data updated: 2020-05-26
The net expense ratio is 1.75%: a 0.60% management fee, a 1.00% 12b-1 fee plus 1.62% other expenses, less a 1.47% fee waiver. This share class carries a deferred sales charge of up to 1.00%. Portfolio turnover was 48%.
C000002926 Fees and Expenses
Annual operating expenses and sales charges of C000002926. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 1.00% |
| Other expenses | 1.62% |
| Gross expense ratio | 3.22% |
| Fee waiver | −1.47% |
| Net expense ratio | 1.75% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000002926 Costs Over Time
On $10,000 invested in C000002926, assuming 5% a year before costs, total costs come to $1,078 over 5 years, cutting the return by 1.84% 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 |
| Sales charges | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.75%) | $184 | $569 | $979 |
| Lost growth on money paid in costs | $0 | $28 | $100 |
| Total costs | $287 | $597 | $1,078 |
| Value after costs | $10,213 | $10,979 | $11,684 |
| Impact on return, per year | 2.87% | 1.84% | 1.84% |
C000002926 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $16.4M
- Portfolio turnover (prospectus): 48%
- Securities lending: none during the year
C000002926 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL, INC. | $4.7M | 29.88% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $4.2M | 26.75% |
| SumRidge Partners, LLC | $2.1M | 13.32% |
| BMO CAPITAL MARKETS CORP. | $1.9M | 11.99% |
| MARKETAXESS CORPORATION | $765K | 4.89% |
| RBC CAPITAL MARKETS LLC | $590K | 3.77% |
| J.P. Morgan Securities LLC | $486K | 3.11% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $408K | 2.61% |
| Goldman Sachs & Co. LLC | $336K | 2.15% |
| MORGAN STANLEY & CO. LLC | $242K | 1.54% |
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.