C000027743 Fees and Costs — Mercer US Large Cap Equity Fund, Class I
Data updated: 2024-02-16
The net expense ratio is 0.56% (0.82% before fee waivers). This share class carries a redemption fee of 2.00%. In fiscal 2023 the fund paid $277K in broker commissions, 0.0223% of average net assets, and portfolio turnover was 29%.
C000027743 Fees and Expenses
Annual operating expenses and sales charges of C000027743. Prospectus, as of July 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.51% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 0.82% |
| Fee waiver | −0.26% |
| Net expense ratio | 0.56% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000027743 Costs Over Time
On $10,000 invested in C000027743, assuming 5% a year before costs, total costs come to $367 over 5 years, cutting the return by 0.61% 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 0.56%) | $59 | $184 | $321 |
| Trading costs (broker commissions) | $2 | $7 | $13 |
| Lost growth on money paid in costs | $0 | $9 | $34 |
| Total costs | $61 | $201 | $367 |
| Value after costs | $10,439 | $11,375 | $12,396 |
| Impact on return, per year | 0.61% | 0.61% | 0.61% |
C000027743 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0223%
- Total broker commissions: $277K
- Bought from dealers (principal trades, not a cost): $3.1M
- Portfolio turnover (prospectus): 29%
- Securities on loan, average value: $8.6M
- Net income from securities lending: $21K (0.002% of average net assets)
C000027743 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $27K | 15.63% |
| Piper Sandler & Co. | $23K | 13.48% |
| Raymond James & Associates, Inc. | $21K | 11.99% |
| Liquidnet, Inc. | $19K | 11.19% |
| Barclays Capital Inc. | $16K | 9.43% |
| J.P. Morgan Securities LLC | $14K | 8.37% |
| BTIG, LLC | $14K | 7.90% |
| Virtu Americas LLC | $13K | 7.83% |
| RBC Capital Markets, LLC | $13K | 7.64% |
| Credit Suisse Securities (USA) LLC | $11K | 6.53% |
C000027743 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $3.1M | 99.99% |
| Goldman Sachs & Co. LLC | $313 | 0.01% |
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.