C000040881 Fees and Costs — Transamerica Long/Short Strategy, Class I2
Data updated: 2020-03-27
The net expense ratio is 3.76%: a 1.23% management fee plus 2.72% other expenses, less a 0.19% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $14K in broker commissions, 0.1342% of average net assets, and portfolio turnover was 694%.
C000040881 Fees and Expenses
Annual operating expenses and sales charges of C000040881. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.23% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.72% |
| Gross expense ratio | 3.95% |
| Fee waiver | −0.19% |
| Net expense ratio | 3.76% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 | Yes |
C000040881 Costs Over Time
On $10,000 invested in C000040881, assuming 5% a year before costs, total costs come to $2,299 over 5 years, cutting the return by 4.09% 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 3.76%) | $395 | $1,195 | $2,010 |
| Trading costs (broker commissions) | $14 | $43 | $72 |
| Lost growth on money paid in costs | $0 | $63 | $217 |
| Total costs | $409 | $1,300 | $2,299 |
| Value after costs | $10,091 | $10,276 | $10,464 |
| Impact on return, per year | 4.09% | 4.09% | 4.09% |
C000040881 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.1342%
- Total broker commissions: $14K
- Bought from dealers (principal trades, not a cost): $79.2M
- Portfolio turnover (prospectus): 694%
- Securities lending: none during the year
C000040881 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Credit Suisse Securities (USA) LLC | $2K | 15.46% |
| Citigroup Global Markets Inc. | $2K | 15.00% |
| UBS Securities LLC | $2K | 14.64% |
| BofA Securities, Inc. | $1K | 10.50% |
| Goldman Sachs & Co. LLC | $1K | 10.19% |
| Morgan Stanley & Co. LLC | $1K | 9.94% |
| Barclays Capital Inc. | $1K | 8.85% |
| Jefferies LLC | $1K | 8.10% |
| Mizuho Securities USA LLC | $485 | 3.92% |
| Sanford C. Bernstein & Co., LLC | $422 | 3.41% |
C000040881 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $79.1M | 99.91% |
| Goldman Sachs & Co. LLC | $45K | 0.06% |
| Credit Suisse Securities (USA) LLC | $29K | 0.04% |
| Sanford C. Bernstein & Co., LLC | $642 | 0.00% |
| RBC Capital Markets, LLC | $171 | 0.00% |
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.