C000005528 Fees and Costs — T. Rowe Price Institutional Core Plus Fund
Data updated: 2020-10-27
The net expense ratio is 0.40% (0.46% before fee waivers). There are no sales loads or redemption fees. In fiscal 2020 the fund paid $14K in broker commissions, 0.0031% of average net assets, and portfolio turnover was 95%.
C000005528 Fees and Expenses
Annual operating expenses and sales charges of C000005528. Prospectus, as of September 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.37% |
| 12b-1 fee | — |
| Other expenses | 0.07% |
| Gross expense ratio | 0.46% |
| Fee waiver | −0.06% |
| Net expense ratio | 0.40% |
| 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 |
C000005528 Costs Over Time
On $10,000 invested in C000005528, assuming 5% a year before costs, total costs come to $255 over 5 years, cutting the return by 0.42% 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 0.40%) | $42 | $132 | $230 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $7 | $23 |
| Total costs | $42 | $139 | $255 |
| Value after costs | $10,458 | $11,437 | $12,508 |
| Impact on return, per year | 0.42% | 0.42% | 0.42% |
C000005528 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0031%
- Total broker commissions: $14K
- Bought from dealers (principal trades, not a cost): $958.6M
- Portfolio turnover (prospectus): 95%
- Securities lending: none during the year
C000005528 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JP MORGAN CHASE & CO. | $7K | 51.08% |
| Morgan Stanley | $3K | 18.50% |
| Citigroup, Inc. | $2K | 15.24% |
| The Goldman Sachs Group, Inc. | $2K | 15.19% |
C000005528 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley | $155.9M | 20.68% |
| Bank of America Corporation | $141.3M | 18.75% |
| The Goldman Sachs Group, Inc. | $101.0M | 13.41% |
| JP MORGAN CHASE & CO. | $87.2M | 11.57% |
| Citigroup Inc. | $69.7M | 9.25% |
| Nomura Holdings, Inc. | $59.1M | 7.85% |
| Wells Fargo & Company | $47.7M | 6.33% |
| BARCLAYS PLC | $35.6M | 4.72% |
| HSBC HOLDINGS PLC | $31.7M | 4.20% |
| CITADEL SECURITIES INSTITUTIONAL LLC | $24.5M | 3.25% |
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.