C000111805 Fees and Costs — Strategic Equity Allocation Fund, Class NAV
Data updated: 2022-04-27
The net expense ratio is 0.66%: a 0.62% management fee plus 0.04% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $2.9M in broker commissions, 0.0367% of average net assets, and portfolio turnover was 79%.
C000111805 Fees and Expenses
Annual operating expenses and sales charges of C000111805. Prospectus, as of December 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.62% |
| 12b-1 fee | — |
| Other expenses | 0.04% |
| Gross expense ratio | 0.67% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.66% |
| 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 |
C000111805 Costs Over Time
On $10,000 invested in C000111805, assuming 5% a year before costs, total costs come to $438 over 5 years, cutting the return by 0.73% 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 0.66%) | $69 | $217 | $377 |
| Trading costs (broker commissions) | $4 | $12 | $21 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $73 | $240 | $438 |
| Value after costs | $10,427 | $11,336 | $12,324 |
| Impact on return, per year | 0.73% | 0.73% | 0.73% |
C000111805 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0367%
- Total broker commissions: $2.9M
- Bought from dealers (principal trades, not a cost): $16.9B
- Portfolio turnover (prospectus): 79%
- Securities on loan, average value: $110.3M
- Net income from securities lending: $2.0M (0.024% of average net assets)
C000111805 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Holdings Inc. | $1.2M | 41.28% |
| Morgan Stanley & Co. LLC | $931K | 31.87% |
| Cowen & Company | $225K | 7.71% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $215K | 7.36% |
| Cantor Fitzgerald & Co. | $89K | 3.04% |
| Barclays Bank PLC | $82K | 2.82% |
| Societe Generale SA | $68K | 2.32% |
| Instinet, LLC | $57K | 1.94% |
| Pershing LLC | $33K | 1.12% |
| J.P. Morgan Securities LLC | $16K | 0.54% |
C000111805 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $13.7B | 81.04% |
| BNY Mellon Capital Markets, LLC | $1.2B | 6.97% |
| Barclays Bank PLC | $968.2M | 5.74% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $379.3M | 2.25% |
| Goldman Sachs & Co. LLC | $216.2M | 1.28% |
| UBS AG | $168.7M | 1.00% |
| Jefferies LLC | $146.6M | 0.87% |
| Wells Fargo Securities, LLC | $70.0M | 0.42% |
| J.P. Morgan Securities LLC | $69.0M | 0.41% |
| Morgan Stanley & Co. LLC | $3.0M | 0.02% |
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.