C000059765 Fees and Costs — Global Equity Series, Advisor Class
Data updated: 2020-06-01
The net expense ratio is 0.85%: a 0.78% management fee plus 0.07% other expenses. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $223K in broker commissions, 0.1234% of average net assets, and portfolio turnover was 34%.
C000059765 Fees and Expenses
Annual operating expenses and sales charges of C000059765. Prospectus, as of April 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.78% |
| 12b-1 fee | — |
| Other expenses | 0.07% |
| Gross expense ratio | 0.85% |
| Fee waiver | — |
| Net expense ratio | 0.85% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 | No |
C000059765 Costs Over Time
On $10,000 invested in C000059765, assuming 5% a year before costs, total costs come to $609 over 5 years, cutting the return by 1.02% 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 0.85%) | $89 | $279 | $483 |
| Trading costs (broker commissions) | $13 | $40 | $70 |
| Lost growth on money paid in costs | $0 | $16 | $56 |
| Total costs | $102 | $335 | $609 |
| Value after costs | $10,398 | $11,241 | $12,154 |
| Impact on return, per year | 1.02% | 1.02% | 1.02% |
C000059765 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.1234%
- Total broker commissions: $223K
- Bought from dealers (principal trades, not a cost): $1.1B
- Portfolio turnover (prospectus): 34%
- Securities on loan, average value: $40K
- Net income from securities lending: $357 (0.000% of average net assets)
C000059765 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS AND CO LLC | $25K | 16.40% |
| BOFA SECURITIES INC | $23K | 14.90% |
| CREDIT SUISSE SECURITIES (USA) LLC | $22K | 14.33% |
| MORGAN STANLEY & CO. LLC | $18K | 11.77% |
| JP MORGAN SECURITIES LLC | $14K | 9.29% |
| JEFFERIES LLC | $11K | 7.55% |
| ROBERT W BAIRD AND CO. INCORPORATED | $11K | 7.53% |
| VIRTU ITG LLC | $10K | 6.57% |
| RBC CAPITAL MARKETS LLC | $9K | 6.23% |
| CITIGROUP GLOBAL MARKETS INC | $8K | 5.44% |
C000059765 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL MARKETS LLC | $1.1B | 99.90% |
| BOFA SECURITIES INC | $1.0M | 0.10% |
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.