C000090647 Fees and Costs — International Growth Stock Trust, Series II
Data updated: 2019-11-27
The net expense ratio is 1.26%: a 0.82% management fee, a 0.25% 12b-1 fee plus 0.19% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2018 the fund paid $540K in broker commissions, 2.6607% of average net assets, and portfolio turnover was 46%.
C000090647 Fees and Expenses
Annual operating expenses and sales charges of C000090647. Prospectus, as of April 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.82% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.19% |
| Gross expense ratio | 1.27% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.26% |
| 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 |
C000090647 Costs Over Time
On $10,000 invested in C000090647, assuming 5% a year before costs, total costs come to $2,313 over 5 years, cutting the return by 4.12% 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 1.26%) | $132 | $400 | $673 |
| Trading costs (broker commissions) | $279 | $846 | $1,422 |
| Lost growth on money paid in costs | $0 | $63 | $218 |
| Total costs | $412 | $1,309 | $2,313 |
| Value after costs | $10,088 | $10,267 | $10,450 |
| Impact on return, per year | 4.12% | 4.12% | 4.12% |
C000090647 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2018.
- Explicit cost rate (commissions ÷ average net assets): 2.6607%
- Total broker commissions: $540K
- Bought from dealers (principal trades, not a cost): $810.9M
- Portfolio turnover (prospectus): 46%
- Securities lending: none during the year
C000090647 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Credit Suisse AG | $77K | 18.21% |
| Citigroup Global Markets Holdings Inc. | $67K | 15.82% |
| Morgan Stanley & Co. LLC | $65K | 15.48% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $46K | 10.94% |
| J.P. Morgan Securities LLC | $45K | 10.79% |
| UBS AG | $31K | 7.33% |
| Deutsche Bank AG | $25K | 6.03% |
| Goldman Sachs & Co. LLC | $22K | 5.32% |
| Macquarie Group Limited | $22K | 5.29% |
| Societe Generale SA | $20K | 4.79% |
C000090647 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Holdings Inc. | $307.0M | 43.36% |
| Morgan Stanley & Co. LLC | $90.8M | 12.83% |
| Credit Suisse AG | $58.8M | 8.30% |
| J.P. Morgan Securities LLC | $54.9M | 7.76% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $45.4M | 6.42% |
| Barclays Bank PLC | $39.8M | 5.61% |
| Goldman Sachs & Co. LLC | $37.8M | 5.34% |
| UBS AG | $37.8M | 5.33% |
| Deutsche Bank AG | $18.0M | 2.54% |
| Royal Bank of Canada | $17.7M | 2.50% |
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.