C000135640 Fees and Costs — Small Cap Value Fund, Class R6
Data updated: 2025-04-28
The net expense ratio is 0.98%: a 0.94% management fee plus 0.08% other expenses, less a 0.04% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $331K in broker commissions, 0.0610% of average net assets, and portfolio turnover was 38%.
C000135640 Fees and Expenses
Annual operating expenses and sales charges of C000135640. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.94% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.08% |
| Gross expense ratio | 1.02% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.98% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000135640 Costs Over Time
On $10,000 invested in C000135640, assuming 5% a year before costs, total costs come to $651 over 5 years, cutting the return by 1.09% 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 0.98%) | $103 | $321 | $556 |
| Trading costs (broker commissions) | $6 | $20 | $35 |
| Lost growth on money paid in costs | $0 | $17 | $60 |
| Total costs | $109 | $358 | $651 |
| Value after costs | $10,391 | $11,218 | $12,112 |
| Impact on return, per year | 1.09% | 1.09% | 1.09% |
C000135640 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0610%
- Total broker commissions: $331K
- Bought from dealers (principal trades, not a cost): $2.3B
- Portfolio turnover (prospectus): 38%
- Securities on loan, average value: $3.4M
- Net income from securities lending: $7K (0.001% of average net assets)
C000135640 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $33K | 14.66% |
| Jefferies LLC | $30K | 13.18% |
| Morgan Stanley & Co. LLC | $23K | 10.28% |
| Royal Bank of Canada | $21K | 9.34% |
| Wells Fargo Securities, LLC | $20K | 9.06% |
| UBS AG | $20K | 8.92% |
| BTIG, LLC | $20K | 8.88% |
| JonesTrading Institutional Services LLC | $20K | 8.65% |
| Piper Jaffray & Co. | $19K | 8.63% |
| Cowen & Company | $19K | 8.40% |
C000135640 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Deutsche Bank AG | $2.3B | 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.