C000038331 Fees and Costs — Rational Insider Buying VA Fund
Data updated: 2021-11-23
The net expense ratio is 1.26%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.64% other expenses, less a 0.39% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $120K in broker commissions, 0.4730% of average net assets, and portfolio turnover was 255%.
C000038331 Fees and Expenses
Annual operating expenses and sales charges of C000038331. Prospectus, as of April 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.64% |
| Gross expense ratio | 1.65% |
| Fee waiver | −0.39% |
| Net expense ratio | 1.26% |
| 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 | Yes |
C000038331 Costs Over Time
On $10,000 invested in C000038331, assuming 5% a year before costs, total costs come to $1,068 over 5 years, cutting the return by 1.82% 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 1.26%) | $132 | $410 | $705 |
| Trading costs (broker commissions) | $50 | $154 | $265 |
| Lost growth on money paid in costs | $0 | $28 | $99 |
| Total costs | $182 | $591 | $1,068 |
| Value after costs | $10,318 | $10,985 | $11,695 |
| Impact on return, per year | 1.82% | 1.82% | 1.82% |
C000038331 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): 0.4730%
- Total broker commissions: $120K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 255%
- Securities lending: none during the year
C000038331 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS | $85K | 70.71% |
| JONES TRADING | $18K | 14.66% |
| BTIG LLC | $17K | 14.43% |
| GTS MISCHLER | $238 | 0.20% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.