C000143816 Fees and Costs — State Street Defensive Emerging Markets Equity Fund, Class I
Data updated: 2022-07-28
The net expense ratio is 1.20%: a 0.75% management fee plus 0.93% other expenses, less a 0.48% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $24K in broker commissions, 0.0534% of average net assets, and portfolio turnover was 35%.
C000143816 Fees and Expenses
Annual operating expenses and sales charges of C000143816. Prospectus, as of December 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.93% |
| Gross expense ratio | 1.68% |
| Fee waiver | −0.48% |
| Net expense ratio | 1.20% |
| 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 |
C000143816 Costs Over Time
On $10,000 invested in C000143816, assuming 5% a year before costs, total costs come to $780 over 5 years, cutting the return by 1.32% 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 1.20%) | $126 | $392 | $678 |
| Trading costs (broker commissions) | $6 | $17 | $30 |
| Lost growth on money paid in costs | $0 | $20 | $72 |
| Total costs | $132 | $430 | $780 |
| Value after costs | $10,368 | $11,146 | $11,983 |
| Impact on return, per year | 1.32% | 1.32% | 1.32% |
C000143816 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0534%
- Total broker commissions: $24K
- Bought from dealers (principal trades, not a cost): $20.0M
- Portfolio turnover (prospectus): 35%
- Securities on loan, average value: $535K
- Net income from securities lending: $12K (0.027% of average net assets)
C000143816 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $6K | 30.29% |
| J.P. Morgan Securities LLC | $5K | 23.48% |
| CLSA Americas, LLC | $2K | 9.75% |
| Credit Suisse Securities (USA) LLC | $2K | 8.22% |
| UBS Securities LLC | $2K | 7.95% |
| BofA Securities, Inc. | $2K | 7.68% |
| The Commercial Bank (P.S.Q.C.) | $720 | 3.40% |
| Citigroup Global Markets Inc. | $697 | 3.29% |
| Macquarie Capital (USA) Inc. | $649 | 3.06% |
| SG Americas Securities, LLC | $609 | 2.87% |
C000143816 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $19.9M | 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.