C000072683 Fees and Costs — SFT International Bond Fund, Class 1
Data updated: 2023-11-21
The net expense ratio is 1.03%: a 0.60% management fee plus 0.43% other expenses. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $1K in broker commissions, 0.0012% of average net assets, and portfolio turnover was 109%.
C000072683 Fees and Expenses
Annual operating expenses and sales charges of C000072683. Prospectus, as of April 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | — |
| Other expenses | 0.43% |
| Gross expense ratio | 1.03% |
| Fee waiver | — |
| Net expense ratio | 1.03% |
| 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 |
C000072683 Costs Over Time
On $10,000 invested in C000072683, assuming 5% a year before costs, total costs come to $645 over 5 years, cutting the return by 1.08% 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 1.03%) | $108 | $337 | $585 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $108 | $354 | $645 |
| Value after costs | $10,392 | $11,222 | $12,118 |
| Impact on return, per year | 1.08% | 1.08% | 1.08% |
C000072683 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0012%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $293.5M
- Portfolio turnover (prospectus): 109%
- Securities lending: none during the year
C000072683 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $1K | 100.00% |
C000072683 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $117.0M | 42.24% |
| HSBC Securities (USA) Inc. | $32.9M | 11.88% |
| BofA Securities, Inc. | $32.9M | 11.88% |
| Deutsche Bank Securities Inc. | $25.4M | 9.17% |
| J.P. Morgan Securities LLC | $22.6M | 8.18% |
| Citigroup Global Markets Inc. | $15.8M | 5.71% |
| Goldman Sachs & Co. LLC | $9.7M | 3.49% |
| Capital Institutional Services, Inc. | $9.6M | 3.45% |
| Morgan Stanley & Co. LLC | $6.1M | 2.19% |
| Barclays Capital Inc. | $5.0M | 1.81% |
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.