C000053975 Fees and Costs — T. Rowe Price Institutional U.S. Structured Research Fund
Data updated: 2019-11-25
The net expense ratio is 0.55%: a 0.50% management fee plus 0.05% other expenses. There are no sales loads or redemption fees. In fiscal 2018 the fund paid $135 in broker commissions, and portfolio turnover was 47%.
C000053975 Fees and Expenses
Annual operating expenses and sales charges of C000053975. Prospectus, as of April 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | — |
| Other expenses | 0.05% |
| Gross expense ratio | 0.55% |
| Fee waiver | — |
| Net expense ratio | 0.55% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000053975 Costs Over Time
On $10,000 invested in C000053975, assuming 5% a year before costs, total costs come to $347 over 5 years, cutting the return by 0.58% 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 0.55%) | $58 | $181 | $315 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $58 | $190 | $347 |
| Value after costs | $10,442 | $11,386 | $12,416 |
| Impact on return, per year | 0.58% | 0.58% | 0.58% |
C000053975 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): —
- Total broker commissions: $135
- Bought from dealers (principal trades, not a cost): $4K
- Portfolio turnover (prospectus): 47%
- Securities on loan, average value: $72K
- Net income from securities lending: $5K (0.001% of average net assets)
C000053975 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley | $12K | 15.65% |
| Citigroup, Inc. | $12K | 14.82% |
| The Goldman Sachs Group, Inc. | $10K | 13.31% |
| JP MORGAN CHASE & CO. | $10K | 12.40% |
| WELLS FARGO & COMPANY | $7K | 8.54% |
| Cowen and Company, LLC | $6K | 7.76% |
| Royal Bank of Canada | $6K | 7.43% |
| BARCLAYS PLC | $6K | 7.12% |
| Jefferies Financial Group Inc. | $5K | 6.77% |
| BERNSTEIN, SANFORD C | $5K | 6.20% |
C000053975 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| The Goldman Sachs Group, Inc. | $796K | 21.29% |
| JP MORGAN CHASE & CO. | $624K | 16.69% |
| Credit Suisse Group AG | $611K | 16.35% |
| Bank of America Corporation | $513K | 13.72% |
| Morgan Stanley | $471K | 12.59% |
| Citigroup Inc. | $234K | 6.26% |
| BARCLAYS PLC | $233K | 6.25% |
| Wells Fargo & Company | $150K | 4.01% |
| Royal Bank of Canada | $65K | 1.74% |
| Deutsche Bank Aktiengesellschaft | $41K | 1.11% |
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.