C000060394 Fees and Costs — NVIT Multi-Manager Large Cap Value Fund, Class II
Data updated: 2020-08-24
The net expense ratio is 1.02%: a 0.65% management fee, a 0.25% 12b-1 fee plus 0.29% other expenses, less a 0.17% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $914K in broker commissions, 0.0646% of average net assets, and portfolio turnover was 59%.
C000060394 Fees and Expenses
Annual operating expenses and sales charges of C000060394. Prospectus, as of June 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.29% |
| Gross expense ratio | 1.19% |
| Fee waiver | −0.17% |
| Net expense ratio | 1.02% |
| Sales charges | |
|---|---|
| Max front load | — |
| 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 | Yes |
C000060394 Costs Over Time
On $10,000 invested in C000060394, assuming 5% a year before costs, total costs come to $677 over 5 years, cutting the return by 1.14% 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 1.02%) | $107 | $334 | $578 |
| Trading costs (broker commissions) | $7 | $21 | $37 |
| Lost growth on money paid in costs | $0 | $18 | $62 |
| Total costs | $114 | $373 | $677 |
| Value after costs | $10,386 | $11,204 | $12,086 |
| Impact on return, per year | 1.14% | 1.14% | 1.14% |
C000060394 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): 0.0646%
- Total broker commissions: $914K
- Bought from dealers (principal trades, not a cost): $6.6M
- Portfolio turnover (prospectus): 59%
- Securities on loan, average value: $101.3M
- Net income from securities lending: $213K (0.015% of average net assets)
C000060394 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $136K | 20.74% |
| Morgan Stanley & Co. LLC | $122K | 18.52% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $105K | 15.92% |
| Capital Institutional Services, Inc. | $81K | 12.32% |
| Credit Suisse Securities (USA) LLC | $47K | 7.20% |
| J.P. Morgan Securities LLC | $47K | 7.18% |
| Barclays Capital, Inc. | $43K | 6.51% |
| Citigroup Global Markets Inc. | $28K | 4.20% |
| Sanford C. Bernstein & Co., LLC | $27K | 4.08% |
| Jefferies LLC | $22K | 3.33% |
C000060394 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $2.9M | 43.77% |
| Morgan Stanley & Co. LLC | $2.8M | 42.09% |
| J.P. Morgan Securities LLC | $863K | 13.16% |
| Credit Suisse Securities (USA) LLC | $65K | 0.99% |
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.