C000084885 Fees and Costs — International Portfolio, International Class
Data updated: 2020-12-10
The net expense ratio is 1.06%: a 0.75% management fee plus 0.31% other expenses. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $507K in broker commissions, 0.0398% of average net assets, and portfolio turnover was 47%.
C000084885 Fees and Expenses
Annual operating expenses and sales charges of C000084885. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.31% |
| Gross expense ratio | 1.06% |
| Fee waiver | — |
| Net expense ratio | 1.06% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000084885 Costs Over Time
On $10,000 invested in C000084885, assuming 5% a year before costs, total costs come to $687 over 5 years, cutting the return by 1.15% 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 1.06%) | $111 | $347 | $601 |
| Trading costs (broker commissions) | $4 | $13 | $23 |
| Lost growth on money paid in costs | $0 | $18 | $63 |
| Total costs | $115 | $378 | $687 |
| Value after costs | $10,385 | $11,198 | $12,076 |
| Impact on return, per year | 1.15% | 1.15% | 1.15% |
C000084885 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0398%
- Total broker commissions: $507K
- Bought from dealers (principal trades, not a cost): $537.0M
- Portfolio turnover (prospectus): 47%
- Securities lending: none during the year
C000084885 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $110K | 23.39% |
| Morgan Stanley & Co. LLC | $86K | 18.37% |
| Credit Suisse Securities (USA) LLC | $68K | 14.46% |
| Bofa Securities, Inc. | $66K | 14.11% |
| Virtu Itg LLC | $39K | 8.38% |
| UBS Securities LLC | $30K | 6.37% |
| Citigroup Global Markets Inc. | $29K | 6.22% |
| Liquidnet, Inc. | $18K | 3.86% |
| J.P. Morgan Securities LLC | $14K | 2.99% |
| Pershing LLC | $9K | 1.85% |
C000084885 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $528.6M | 98.44% |
| Macquarie Capital (USA) Inc. | $3.4M | 0.63% |
| Morgan Stanley & Co. LLC | $2.3M | 0.43% |
| Goldman Sachs & Co. LLC | $1.7M | 0.32% |
| Skandinaviska Enskilda Banken AB | $608K | 0.11% |
| Citigroup Global Markets Inc. | $377K | 0.07% |
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.