C000022948 Fees and Costs — Voya Real Estate Fund, Class A
Data updated: 2020-01-27
The net expense ratio is 1.21%: a 0.80% management fee, a 0.25% 12b-1 fee plus 0.26% other expenses, less a 0.10% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2019 the fund paid $545K in broker commissions, 0.1251% of average net assets, and portfolio turnover was 82%.
C000022948 Fees and Expenses
Annual operating expenses and sales charges of C000022948. Prospectus, as of September 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.26% |
| Gross expense ratio | 1.31% |
| Fee waiver | −0.10% |
| Net expense ratio | 1.21% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| 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 |
C000022948 Costs Over Time
On $10,000 invested in C000022948, assuming 5% a year before costs, total costs come to $1,516 over 5 years, cutting the return by 2.62% 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 |
| Sales charges | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.21%) | $120 | $372 | $643 |
| Trading costs (broker commissions) | $12 | $38 | $67 |
| Lost growth on money paid in costs | $29 | $111 | $231 |
| Total costs | $736 | $1,097 | $1,516 |
| Value after costs | $9,764 | $10,479 | $11,247 |
| Impact on return, per year | 7.36% | 3.43% | 2.62% |
C000022948 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.1251%
- Total broker commissions: $545K
- Bought from dealers (principal trades, not a cost): $224.7M
- Portfolio turnover (prospectus): 82%
- Securities lending: none during the year
C000022948 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $75K | 20.41% |
| Bank of America Corporation | $50K | 13.71% |
| CITIGROUP GLOBAL MARKETS INC. | $37K | 10.03% |
| MORGAN STANLEY & CO. LLC | $34K | 9.37% |
| BMO FINANCIAL CORP. | $31K | 8.57% |
| Cowen and Company, LLC | $31K | 8.55% |
| STIFEL, NICOLAUS & CO INC | $29K | 7.99% |
| EVERCORE GROUP L.L.C. | $28K | 7.80% |
| JEFFERIES LLC | $27K | 7.45% |
| WELLS FARGO SECURITIES LLC | $22K | 6.11% |
C000022948 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| THE BANK OF NEW YORK MELLON | $206.2M | 91.78% |
| J.P. Morgan Securities LLC | $5.1M | 2.29% |
| Bank of America Corporation | $4.8M | 2.15% |
| JEFFERIES LLC | $2.6M | 1.16% |
| RAYMOND JAMES & ASSOCIATES, INC. | $2.6M | 1.15% |
| CitiGroup Global Markets Inc. | $1.4M | 0.61% |
| DEUTSCHE BANK SECURITIES, INC. | $783K | 0.35% |
| GOLDMAN SACHS & CO. LLC | $662K | 0.29% |
| WELLS FARGO SECURITIES LLC | $485K | 0.22% |
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.