C000004421 Fees and Costs — State Street Institutional International Equity Fund, Service Class
Data updated: 2022-02-25
The net expense ratio is 0.80%: a 0.64% management fee, a 0.25% 12b-1 fee plus 0.02% other expenses, less a 0.11% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $19K in broker commissions, 0.0173% of average net assets, and portfolio turnover was 18%.
C000004421 Fees and Expenses
Annual operating expenses and sales charges of C000004421. Prospectus, as of January 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.64% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.91% |
| Fee waiver | −0.11% |
| Net expense ratio | 0.80% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000004421 Costs Over Time
On $10,000 invested in C000004421, assuming 5% a year before costs, total costs come to $513 over 5 years, cutting the return by 0.86% 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 0.80%) | $84 | $263 | $456 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $86 | $282 | $513 |
| Value after costs | $10,414 | $11,295 | $12,250 |
| Impact on return, per year | 0.86% | 0.86% | 0.86% |
C000004421 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0173%
- Total broker commissions: $19K
- Bought from dealers (principal trades, not a cost): $25.7M
- Portfolio turnover (prospectus): 18%
- Securities lending: none during the year
C000004421 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $3K | 19.84% |
| Exane, Inc. | $3K | 17.57% |
| UBS Securities LLC | $2K | 10.92% |
| Jefferies LLC | $2K | 10.36% |
| Virtu Americas LLC | $2K | 9.79% |
| J.P. Morgan Securities LLC | $2K | 9.07% |
| CLSA Americas, LLC | $1K | 8.19% |
| HSBC Securities (USA) Inc. | $949 | 5.67% |
| Barclays Capital Inc. | $817 | 4.89% |
| Goldman Sachs & Co. LLC | $618 | 3.69% |
C000004421 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $25.7M | 100.00% |
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.