C000014160 Fees and Costs — State Street Dynamic Small Cap Fund, Class N
Data updated: 2021-01-25
The net expense ratio is 1.10%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.87% other expenses, less a 0.77% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $16K in broker commissions, 0.0876% of average net assets, and portfolio turnover was 102%.
C000014160 Fees and Expenses
Annual operating expenses and sales charges of C000014160. Prospectus, as of December 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.87% |
| Gross expense ratio | 1.87% |
| Fee waiver | −0.77% |
| Net expense ratio | 1.10% |
| 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 |
C000014160 Costs Over Time
On $10,000 invested in C000014160, assuming 5% a year before costs, total costs come to $740 over 5 years, cutting the return by 1.25% 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 1.10%) | $116 | $360 | $623 |
| Trading costs (broker commissions) | $9 | $29 | $50 |
| Lost growth on money paid in costs | $0 | $19 | $68 |
| Total costs | $125 | $408 | $740 |
| Value after costs | $10,375 | $11,169 | $12,023 |
| Impact on return, per year | 1.25% | 1.25% | 1.25% |
C000014160 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0876%
- Total broker commissions: $16K
- Bought from dealers (principal trades, not a cost): $12.8M
- Portfolio turnover (prospectus): 102%
- Securities on loan, average value: $1.2M
- Net income from securities lending: $7K (0.036% of average net assets)
C000014160 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Fidelity Brokerage Services LLC | $5K | 31.46% |
| Virtu Itg LLC | $2K | 15.07% |
| Cantor Fitzgerald & Co. | $2K | 12.36% |
| UBS Securities LLC | $1K | 9.30% |
| Bofa Securities, Inc. | $1K | 7.74% |
| Credit Suisse Securities (USA) LLC | $1K | 7.08% |
| Morgan Stanley & Co. LLC | $1K | 6.73% |
| Mischler Financial Group, Inc. | $675 | 4.28% |
| Goldman Sachs & Co. LLC | $504 | 3.20% |
| Citigroup Global Markets Inc. | $438 | 2.78% |
C000014160 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $12.7M | 99.62% |
| UBS Securities LLC | $23K | 0.18% |
| Fidelity Brokerage Services LLC | $21K | 0.17% |
| Bofa Securities, Inc. | $4K | 0.03% |
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.