C000012189 Fees and Costs — Small-Cap Growth Fund, Class N
Data updated: 2021-09-07
The net expense ratio is 0.94%: a 0.54% management fee plus 0.68% other expenses, less a 0.28% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $16K in broker commissions, 0.0592% of average net assets, and portfolio turnover was 115%.
C000012189 Fees and Expenses
Annual operating expenses and sales charges of C000012189. Prospectus, as of October 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.54% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.68% |
| Gross expense ratio | 1.22% |
| Fee waiver | −0.28% |
| Net expense ratio | 0.94% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000012189 Costs Over Time
On $10,000 invested in C000012189, assuming 5% a year before costs, total costs come to $625 over 5 years, cutting the return by 1.05% 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 0.94%) | $99 | $308 | $534 |
| Trading costs (broker commissions) | $6 | $19 | $34 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $105 | $344 | $625 |
| Value after costs | $10,395 | $11,233 | $12,138 |
| Impact on return, per year | 1.05% | 1.05% | 1.05% |
C000012189 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0592%
- Total broker commissions: $16K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 115%
- Securities on loan, average value: $4.3M
- Net income from securities lending: $67K (0.241% of average net assets)
C000012189 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTU FINANCIAL LLC | $13K | 76.81% |
| BTIG, LLC | $2K | 15.06% |
| LIQUIDNET, INC. | $645 | 3.92% |
| CAPITAL INSTITUTIONAL SERVICES, INC | $238 | 1.45% |
| JONESTRADING INSTITUTIONAL SERVICES LLC | $224 | 1.36% |
| LUMINEX TRADING & ANALYTICS LLC | $79 | 0.48% |
| VIRTU AMERICAS LLC | $78 | 0.47% |
| INSTINET, LLC | $73 | 0.44% |
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.