C000087464 Fees and Costs — Strategic Advisers Growth Fund
Data updated: 2020-10-16
The net expense ratio is 0.43% (0.68% before fee waivers). There are no sales loads or redemption fees. In fiscal 2020 the fund paid $988K in broker commissions, 0.0105% of average net assets, and portfolio turnover was 57%.
C000087464 Fees and Expenses
Annual operating expenses and sales charges of C000087464. Prospectus, as of July 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.36% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.68% |
| Fee waiver | −0.25% |
| Net expense ratio | 0.43% |
| 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 | No |
C000087464 Costs Over Time
On $10,000 invested in C000087464, assuming 5% a year before costs, total costs come to $279 over 5 years, cutting the return by 0.46% 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 0.43%) | $45 | $142 | $247 |
| Trading costs (broker commissions) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $7 | $25 |
| Total costs | $46 | $152 | $279 |
| Value after costs | $10,454 | $11,424 | $12,484 |
| Impact on return, per year | 0.46% | 0.46% | 0.46% |
C000087464 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0105%
- Total broker commissions: $988K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 57%
- Securities on loan, average value: $12.9M
- Net income from securities lending: $26K (0.000% of average net assets)
C000087464 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CREDIT SUISSE GRP AG | $205K | 26.40% |
| JPMORGAN CHASE and CO | $111K | 14.38% |
| GOLDMAN SACHS GROUP INC (THE) | $92K | 11.91% |
| UBS GROUP AG | $77K | 9.90% |
| MORGAN STANLEY | $61K | 7.83% |
| PIPER SANDLER COS | $56K | 7.29% |
| EVERCORE INC | $45K | 5.86% |
| MACQUARIE GROUP LTD | $44K | 5.72% |
| BANK OF AMERICA CORPORATION | $44K | 5.65% |
| SANFORD C. BERNSTEIN & CO., LLC | $39K | 5.07% |
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.