C000141735 Fees and Costs — New Opportunities Fund, Class R1
Data updated: 2025-07-29
The net expense ratio is 1.58%: a 0.72% management fee, a 0.50% 12b-1 fee plus 0.37% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $65K in broker commissions, 0.0225% of average net assets, and portfolio turnover was 15%.
C000141735 Fees and Expenses
Annual operating expenses and sales charges of C000141735. Prospectus, as of December 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.72% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.37% |
| Gross expense ratio | 1.59% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.58% |
| 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 |
C000141735 Costs Over Time
On $10,000 invested in C000141735, assuming 5% a year before costs, total costs come to $990 over 5 years, cutting the return by 1.68% 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 1.58%) | $166 | $514 | $886 |
| Trading costs (broker commissions) | $2 | $7 | $13 |
| Lost growth on money paid in costs | $0 | $26 | $91 |
| Total costs | $168 | $548 | $990 |
| Value after costs | $10,332 | $11,029 | $11,772 |
| Impact on return, per year | 1.68% | 1.68% | 1.68% |
C000141735 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): 0.0225%
- Total broker commissions: $65K
- Bought from dealers (principal trades, not a cost): $109.7M
- Portfolio turnover (prospectus): 15%
- Securities lending: none during the year
C000141735 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $36K | 58.09% |
| Pershing LLC | $8K | 13.50% |
| Goldman Sachs & Co. LLC | $7K | 11.14% |
| Truist Bank | $3K | 4.29% |
| Evercore Group L.L.C. | $3K | 4.13% |
| Cowen & Company | $1K | 2.03% |
| KeyBanc Capital Markets Inc. | $1K | 2.02% |
| CIBC World Markets Inc. | $1K | 1.99% |
| D.A. Davidson & Co. | $882 | 1.43% |
| Citigroup Global Markets Holdings Inc. | $854 | 1.38% |
C000141735 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $107.7M | 98.16% |
| Citigroup Global Markets Holdings Inc. | $1.3M | 1.19% |
| Stifel, Nicolaus & Company, Incorporated | $713K | 0.65% |
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.