C000054989 Fees and Costs — TIAA-CREF Quant Large-Cap Growth Fund, Institutional Class
Data updated: 2021-01-14
The net expense ratio is 0.32%: a 0.31% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $380K in broker commissions, 0.0128% of average net assets, and portfolio turnover was 116%.
C000054989 Fees and Expenses
Annual operating expenses and sales charges of C000054989. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.31% |
| 12b-1 fee | — |
| Other expenses | 0.01% |
| Gross expense ratio | 0.32% |
| Fee waiver | — |
| Net expense ratio | 0.32% |
| 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 |
C000054989 Costs Over Time
On $10,000 invested in C000054989, assuming 5% a year before costs, total costs come to $211 over 5 years, cutting the return by 0.35% 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 0.32%) | $34 | $106 | $184 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $5 | $19 |
| Total costs | $35 | $115 | $211 |
| Value after costs | $10,465 | $11,461 | $12,552 |
| Impact on return, per year | 0.35% | 0.35% | 0.35% |
C000054989 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): 0.0128%
- Total broker commissions: $380K
- Bought from dealers (principal trades, not a cost): $10.6B
- Portfolio turnover (prospectus): 116%
- Securities on loan, average value: $6.2M
- Net income from securities lending: $23K (0.001% of average net assets)
C000054989 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Piper Jaffray & Co. | $143K | 39.53% |
| National Financial Services LLC | $51K | 14.21% |
| INSTINET, LLC | $51K | 14.08% |
| RBC CAPITAL MARKETS, LLC | $46K | 12.61% |
| JEFFERIES LLC | $39K | 10.81% |
| UBS Securities LLC | $19K | 5.14% |
| Morgan Stanley & Co. LLC | $9K | 2.49% |
| BTIG, LLC | $2K | 0.44% |
| Luminex Trading & Analytics LLC | $1K | 0.37% |
| Guzman & Company | $1K | 0.30% |
C000054989 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Piper Jaffray & Co. | $2.8B | 27.34% |
| INSTINET, LLC | $1.9B | 18.85% |
| Morgan Stanley & Co. LLC | $962.1M | 9.36% |
| RBC CAPITAL MARKETS, LLC | $919.2M | 8.95% |
| JEFFERIES LLC | $843.7M | 8.21% |
| Barclays Capital Inc. | $828.1M | 8.06% |
| UBS Securities LLC | $770.0M | 7.49% |
| National Financial Services LLC | $629.3M | 6.12% |
| State Street Global Markets, LLC | $496.2M | 4.83% |
| J.P. MORGAN SECURITIES LLC | $80.4M | 0.78% |
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.