C000114745 Fees and Costs — Target 2045 Series, Class R
Data updated: 2020-09-25
The net expense ratio is 1.25% (2.03% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 16%.
C000114745 Fees and Expenses
Annual operating expenses and sales charges of C000114745. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.98% |
| Gross expense ratio | 2.03% |
| Fee waiver | −0.78% |
| Net expense ratio | 1.25% |
| 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 | Yes |
C000114745 Costs Over Time
On $10,000 invested in C000114745, assuming 5% a year before costs, total costs come to $778 over 5 years, cutting the return by 1.31% 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 1.25%) | $131 | $408 | $706 |
| Lost growth on money paid in costs | $0 | $20 | $72 |
| Total costs | $131 | $429 | $778 |
| Value after costs | $10,369 | $11,148 | $11,985 |
| Impact on return, per year | 1.31% | 1.31% | 1.31% |
C000114745 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $11.6M
- Portfolio turnover (prospectus): 16%
- Securities lending: none during the year
C000114745 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Manning & Napier Fund Inc. - Blended Asset Maximum Series Class R6 | $8.9M | 76.97% |
| Manning & Napier Fund Inc. - Blended Asset Extended Series Class R6 | $2.7M | 23.03% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.