C000118116 Fees and Costs — Currency Strategies Portfolio, Class I
Data updated: 2020-06-01
The net expense ratio is 0.92%: a 0.65% management fee, a 0.20% 12b-1 fee plus 0.07% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 70%.
C000118116 Fees and Expenses
Annual operating expenses and sales charges of C000118116. Prospectus, as of December 31, 2018.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.20% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.92% |
| Fee waiver | — |
| Net expense ratio | 0.92% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000118116 Costs Over Time
On $10,000 invested in C000118116, assuming 5% a year before costs, total costs come to $576 over 5 years, cutting the return by 0.97% 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 0.92%) | $97 | $302 | $524 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $97 | $317 | $576 |
| Value after costs | $10,403 | $11,260 | $12,186 |
| Impact on return, per year | 0.97% | 0.97% | 0.97% |
C000118116 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $51.2B
- Portfolio turnover (prospectus): 70%
- Securities lending: none during the year
C000118116 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $49.8B | 97.84% |
| RBC Capital Markets, LLC | $261.3M | 0.51% |
| Wells Fargo Securities, LLC | $174.9M | 0.34% |
| TD Securities (USA) LLC | $127.6M | 0.25% |
| Mizuho Securities USA LLC | $117.2M | 0.23% |
| J.P. Morgan Securities LLC | $112.7M | 0.22% |
| Barclays Capital Inc. | $109.6M | 0.22% |
| Natwest Markets Securities Inc. | $99.2M | 0.19% |
| Goldman Sachs & Co. LLC | $53.9M | 0.11% |
| BMO Capital Markets Corp. | $43.9M | 0.09% |
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.