C000139235 Fees and Costs — PanAgora Global Diversified Risk Portfolio, Class B
Data updated: 2022-05-26
The net expense ratio is 1.09% (1.11% before fee waivers). There are no sales loads or redemption fees. In fiscal 2021 the fund paid $104K in broker commissions, 0.0402% of average net assets, and portfolio turnover was 34%.
C000139235 Fees and Expenses
Annual operating expenses and sales charges of C000139235. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.67% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.17% |
| Gross expense ratio | 1.11% |
| Fee waiver | −0.02% |
| Net expense ratio | 1.09% |
| 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 |
C000139235 Costs Over Time
On $10,000 invested in C000139235, assuming 5% a year before costs, total costs come to $705 over 5 years, cutting the return by 1.19% 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 1.09%) | $114 | $357 | $618 |
| Trading costs (broker commissions) | $4 | $13 | $23 |
| Lost growth on money paid in costs | $0 | $18 | $65 |
| Total costs | $119 | $388 | $705 |
| Value after costs | $10,381 | $11,188 | $12,058 |
| Impact on return, per year | 1.19% | 1.19% | 1.19% |
C000139235 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0402%
- Total broker commissions: $104K
- Bought from dealers (principal trades, not a cost): $1.2B
- Portfolio turnover (prospectus): 34%
- Securities lending: none during the year
C000139235 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $100K | 95.87% |
| Citigroup Global Markets Inc. | $3K | 2.59% |
| Morgan Stanley & Co. LLC | $754 | 0.72% |
| Instinet, LLC | $549 | 0.53% |
| Jefferies LLC | $261 | 0.25% |
| Goldman Sachs & Co. LLC | $39 | 0.04% |
C000139235 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $1.0B | 87.81% |
| Citigroup Global Markets Inc. | $57.6M | 5.01% |
| BofA Securities, Inc. | $31.8M | 2.76% |
| UBS Securities LLC | $20.3M | 1.76% |
| Barclays Capital Inc. | $8.7M | 0.76% |
| Nomura Securities International, Inc. | $6.5M | 0.57% |
| Goldman Sachs & Co. LLC | $6.2M | 0.54% |
| BNY Mellon Capital Markets, LLC | $5.7M | 0.50% |
| Natwest Markets Securities Inc. | $2.3M | 0.20% |
| BNP Paribas Securities Corp. | $1.3M | 0.11% |
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.