C000017544 Fees and Costs — TIFF Short-Term Fund
Data updated: 2021-05-25
The net expense ratio is 0.25%: a 0.03% management fee plus 0.22% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 0%.
C000017544 Fees and Expenses
Annual operating expenses and sales charges of C000017544. Prospectus, as of December 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.03% |
| 12b-1 fee | — |
| Other expenses | 0.22% |
| Gross expense ratio | 0.25% |
| Fee waiver | — |
| Net expense ratio | 0.25% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000017544 Costs Over Time
On $10,000 invested in C000017544, assuming 5% a year before costs, total costs come to $159 over 5 years, cutting the return by 0.26% 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 0.25%) | $26 | $83 | $144 |
| Lost growth on money paid in costs | $0 | $4 | $14 |
| Total costs | $26 | $87 | $159 |
| Value after costs | $10,474 | $11,490 | $12,604 |
| Impact on return, per year | 0.26% | 0.26% | 0.26% |
C000017544 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $672.5M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
C000017544 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $438.9M | 65.26% |
| Federal Reserve Bank of Boston | $62.0M | 9.21% |
| J.P. Morgan Securities LLC | $52.0M | 7.73% |
| Morgan Stanley & Co. LLC | $51.0M | 7.58% |
| Goldman Sachs & Co. LLC | $41.9M | 6.23% |
| BMO Capital Markets Corp. | $25.8M | 3.84% |
| Tweedy, Browne Company LLC | $1000K | 0.15% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.