C000138466 Fees and Costs — Multi-Index 2055 Preservation Portfolio, Class R1
Data updated: 2023-07-27
The net expense ratio is 1.14% (1.46% before fee waivers). There are no sales loads or redemption fees. In fiscal 2022 the fund paid $12K in broker commissions, 0.0035% of average net assets, and portfolio turnover was 96%.
C000138466 Fees and Expenses
Annual operating expenses and sales charges of C000138466. Prospectus, as of December 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.19% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.34% |
| Gross expense ratio | 1.46% |
| Fee waiver | −0.32% |
| Net expense ratio | 1.14% |
| Sales charges | |
|---|---|
| Max front load | — |
| 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 |
C000138466 Costs Over Time
On $10,000 invested in C000138466, assuming 5% a year before costs, total costs come to $713 over 5 years, cutting the return by 1.20% 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 1.14%) | $120 | $373 | $646 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $19 | $65 |
| Total costs | $120 | $393 | $713 |
| Value after costs | $10,380 | $11,184 | $12,050 |
| Impact on return, per year | 1.20% | 1.20% | 1.20% |
C000138466 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0035%
- Total broker commissions: $12K
- Bought from dealers (principal trades, not a cost): $86.0M
- Portfolio turnover (prospectus): 96%
- Securities on loan, average value: $2.5M
- Net income from securities lending: $7K (0.002% of average net assets)
C000138466 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $8K | 70.47% |
| Pershing LLC | $3K | 29.01% |
| Goldman Sachs & Co. LLC | $62 | 0.52% |
C000138466 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $58.5M | 68.09% |
| Citigroup Global Markets Holdings Inc. | $8.7M | 10.09% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $5.3M | 6.14% |
| Barclays Bank PLC | $5.0M | 5.78% |
| Deutsche Bank AG | $3.5M | 4.12% |
| Morgan Stanley & Co. LLC | $2.6M | 2.98% |
| J.P. Morgan Securities LLC | $873K | 1.02% |
| Goldman Sachs & Co. LLC | $693K | 0.81% |
| HSBC Bank PLC | $504K | 0.59% |
| Bank of Montreal | $330K | 0.38% |
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.