C000054988 Fees and Costs — TIAA-CREF Quant International Equity Fund, Institutional Class
Data updated: 2021-01-14
The net expense ratio is 0.40%: a 0.38% management fee plus 0.02% other expenses. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $1.3M in broker commissions, 0.0700% of average net assets, and portfolio turnover was 114%.
C000054988 Fees and Expenses
Annual operating expenses and sales charges of C000054988. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.38% |
| 12b-1 fee | — |
| Other expenses | 0.02% |
| Gross expense ratio | 0.40% |
| Fee waiver | — |
| Net expense ratio | 0.40% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000054988 Costs Over Time
On $10,000 invested in C000054988, assuming 5% a year before costs, total costs come to $297 over 5 years, cutting the return by 0.49% 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 0.40%) | $42 | $132 | $230 |
| Trading costs (broker commissions) | $7 | $23 | $40 |
| Lost growth on money paid in costs | $0 | $8 | $27 |
| Total costs | $49 | $162 | $297 |
| Value after costs | $10,451 | $11,414 | $12,466 |
| Impact on return, per year | 0.49% | 0.49% | 0.49% |
C000054988 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0700%
- Total broker commissions: $1.3M
- Bought from dealers (principal trades, not a cost): $7.7B
- Portfolio turnover (prospectus): 114%
- Securities on loan, average value: $35.2M
- Net income from securities lending: $303K (0.016% of average net assets)
C000054988 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $705K | 53.06% |
| Morgan Stanley & Co. LLC | $253K | 19.03% |
| Instinet, LLC | $156K | 11.73% |
| J.P. MORGAN SECURITIES LLC | $155K | 11.64% |
| UBS SECURITIES LLC | $53K | 4.02% |
| Macquarie Capital (USA) Inc. | $4K | 0.27% |
| Piper Jaffray & Co. | $3K | 0.24% |
| National Financial Services LLC | $200 | 0.02% |
C000054988 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $2.5B | 32.79% |
| State Street Global Markets, LLC | $1.3B | 16.66% |
| Barclays Capital Inc. | $1.1B | 14.65% |
| Morgan Stanley & Co. LLC | $854.4M | 11.36% |
| J.P. MORGAN SECURITIES LLC | $649.3M | 8.63% |
| Instinet, LLC | $540.8M | 7.19% |
| UBS SECURITIES LLC | $422.4M | 5.61% |
| Citigroup Global Markets Inc. | $121.0M | 1.61% |
| Deutsche Bank Securities Inc | $61.3M | 0.82% |
| Piper Jaffray | $51.4M | 0.68% |
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.