C000131964 Fees and Costs — Equity Income Series, Class I
Data updated: 2019-11-21
The net expense ratio is 0.72% (0.79% before fee waivers). There are no sales loads or redemption fees. In fiscal 2018 the fund paid $55K in broker commissions, 0.0691% of average net assets, and portfolio turnover was 40%.
C000131964 Fees and Expenses
Annual operating expenses and sales charges of C000131964. Prospectus, as of February 28, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.32% |
| Gross expense ratio | 0.79% |
| Fee waiver | −0.07% |
| Net expense ratio | 0.72% |
| 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 |
C000131964 Costs Over Time
On $10,000 invested in C000131964, assuming 5% a year before costs, total costs come to $496 over 5 years, cutting the return by 0.83% 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 0.72%) | $76 | $236 | $411 |
| Trading costs (broker commissions) | $7 | $23 | $39 |
| Lost growth on money paid in costs | $0 | $13 | $45 |
| Total costs | $83 | $272 | $496 |
| Value after costs | $10,417 | $11,304 | $12,267 |
| Impact on return, per year | 0.83% | 0.83% | 0.83% |
C000131964 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): 0.0691%
- Total broker commissions: $55K
- Bought from dealers (principal trades, not a cost): $367K
- Portfolio turnover (prospectus): 40%
- Securities lending: none during the year
C000131964 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $6K | 14.97% |
| UBS Securities LLC | $5K | 13.78% |
| Raymond James & Associates, Inc. | $5K | 12.85% |
| Cowen and Company, LLC | $4K | 11.27% |
| Blair William & Company LLC | $4K | 10.77% |
| BARCLAYS CAPITAL, INC. | $3K | 8.41% |
| GOLDMAN SACHS & CO. LLC | $3K | 7.12% |
| Stifel, Nicolaus & Co., Inc. | $3K | 7.02% |
| J.P. MORGAN SECURITIES LLC | $3K | 6.99% |
| BANK OF AMERICA CORPORATION | $3K | 6.81% |
C000131964 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RAYMOND JAMES & ASSOCIATES, INC. | $367K | 100.00% |
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.