C000022793 Fees and Costs — Utilities Trust, Series II
Data updated: 2019-11-27
The net expense ratio is 1.14%: a 0.82% management fee, a 0.25% 12b-1 fee plus 0.08% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2018 the fund paid $93K in broker commissions, 0.0342% of average net assets, and portfolio turnover was 26%.
C000022793 Fees and Expenses
Annual operating expenses and sales charges of C000022793. Prospectus, as of April 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.82% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.08% |
| Gross expense ratio | 1.15% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.14% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000022793 Costs Over Time
On $10,000 invested in C000022793, assuming 5% a year before costs, total costs come to $732 over 5 years, cutting the return by 1.23% 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 1.14%) | $120 | $373 | $645 |
| Trading costs (broker commissions) | $4 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $19 | $67 |
| Total costs | $123 | $403 | $732 |
| Value after costs | $10,377 | $11,173 | $12,031 |
| Impact on return, per year | 1.23% | 1.23% | 1.23% |
C000022793 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2018.
- Explicit cost rate (commissions ÷ average net assets): 0.0342%
- Total broker commissions: $93K
- Bought from dealers (principal trades, not a cost): $136.5M
- Portfolio turnover (prospectus): 26%
- Securities on loan, average value: $12.6M
- Net income from securities lending: $167K (0.062% of average net assets)
C000022793 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $12K | 16.04% |
| Morgan Stanley & Co. LLC | $11K | 15.38% |
| UBS AG | $11K | 15.25% |
| National Financial Services LLC | $11K | 14.75% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $7K | 10.20% |
| Goldman Sachs & Co. LLC | $7K | 9.11% |
| Credit Suisse AG | $5K | 7.07% |
| Citigroup Global Markets Holdings Inc. | $3K | 4.58% |
| Banco Bradesco SA | $3K | 4.00% |
| Scotia Capital Inc. | $3K | 3.61% |
C000022793 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $122.5M | 89.76% |
| Goldman Sachs & Co. LLC | $4.6M | 3.34% |
| Credit Suisse AG | $3.8M | 2.77% |
| Citigroup Global Markets Holdings Inc. | $3.0M | 2.16% |
| Morgan Stanley & Co. LLC | $1.8M | 1.30% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $731K | 0.54% |
| Barclays Bank PLC | $97K | 0.07% |
| J.P. Morgan Securities LLC | $82K | 0.06% |
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.