C000003088 Fees and Costs — Extended-Duration Bond Fund, Investor Class
Data updated: 2021-11-03
The net expense ratio is 0.83%: a 0.46% management fee plus 0.37% other expenses. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $492 in broker commissions, 0.0002% of average net assets, and portfolio turnover was 39%.
C000003088 Fees and Expenses
Annual operating expenses and sales charges of C000003088. Prospectus, as of April 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.46% |
| 12b-1 fee | — |
| Other expenses | 0.37% |
| Gross expense ratio | 0.83% |
| Fee waiver | — |
| Net expense ratio | 0.83% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000003088 Costs Over Time
On $10,000 invested in C000003088, assuming 5% a year before costs, total costs come to $521 over 5 years, cutting the return by 0.87% 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 0.83%) | $87 | $272 | $473 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $13 | $48 |
| Total costs | $87 | $286 | $521 |
| Value after costs | $10,413 | $11,290 | $12,242 |
| Impact on return, per year | 0.87% | 0.87% | 0.87% |
C000003088 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0002%
- Total broker commissions: $492
- Bought from dealers (principal trades, not a cost): $1.2B
- Portfolio turnover (prospectus): 39%
- Securities on loan, average value: $30.3M
- Net income from securities lending: $45K (0.016% of average net assets)
C000003088 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL INC. | $492 | 100.00% |
C000003088 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $102.7M | 21.64% |
| J.P. MORGAN SECURITIES LLC | $78.9M | 16.62% |
| CITIGROUP GLOBAL MARKETS INC. | $73.9M | 15.58% |
| BOFA Securities | $55.7M | 11.73% |
| BARCLAYS CAPITAL INC | $37.0M | 7.79% |
| MORGAN STANLEY & CO. LLC | $31.9M | 6.72% |
| WELLS FARGO SECURITIES | $25.6M | 5.40% |
| CITADEL SECURITIES LLC | $24.3M | 5.11% |
| DEUTSCHE BANK SECURITIES | $23.8M | 5.02% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $20.8M | 4.38% |
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.