C000089639 Fees and Costs — Strategic Advisers Value Fund
Data updated: 2020-10-16
The net expense ratio is 0.23% (0.48% before fee waivers). There are no sales loads or redemption fees. In fiscal 2020 the fund paid $2.4M in broker commissions, 0.0263% of average net assets, and portfolio turnover was 63%.
C000089639 Fees and Expenses
Annual operating expenses and sales charges of C000089639. Prospectus, as of July 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.44% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.48% |
| Fee waiver | −0.25% |
| Net expense ratio | 0.23% |
| 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 |
C000089639 Costs Over Time
On $10,000 invested in C000089639, assuming 5% a year before costs, total costs come to $163 over 5 years, cutting the return by 0.27% 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 0.23%) | $24 | $76 | $133 |
| Trading costs (broker commissions) | $3 | $9 | $15 |
| Lost growth on money paid in costs | $0 | $4 | $15 |
| Total costs | $27 | $89 | $163 |
| Value after costs | $10,473 | $11,487 | $12,600 |
| Impact on return, per year | 0.27% | 0.27% | 0.27% |
C000089639 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): 0.0263%
- Total broker commissions: $2.4M
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 63%
- Securities on loan, average value: $48.9M
- Net income from securities lending: $797K (0.009% of average net assets)
C000089639 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $207K | 13.55% |
| BANK OF AMERICA CORPORATION | $195K | 12.80% |
| LIQUIDNET HOLDINGS INC | $194K | 12.71% |
| KEYBANC CAPITAL MARKETS INC. | $162K | 10.59% |
| CREDIT SUISSE GRP AG | $155K | 10.16% |
| MORGAN STANLEY | $141K | 9.22% |
| JONESTRADING INSTITUTIONAL SERVICES LLC | $132K | 8.64% |
| JPMORGAN CHASE and CO | $117K | 7.69% |
| CANACCORD GENUITY GROUP INC. | $114K | 7.49% |
| CITIGROUP INC | $109K | 7.14% |
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.