C000143860 Fees and Costs — State Street Target Retirement 2015 Fund, Class K
Data updated: 2020-03-13
The net expense ratio is 0.09% (0.33% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $31K in broker commissions, 0.0111% of average net assets, and portfolio turnover was 29%.
C000143860 Fees and Expenses
Annual operating expenses and sales charges of C000143860. Prospectus, as of April 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.05% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.16% |
| Gross expense ratio | 0.33% |
| Fee waiver | −0.24% |
| Net expense ratio | 0.09% |
| 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 |
C000143860 Costs Over Time
On $10,000 invested in C000143860, assuming 5% a year before costs, total costs come to $64 over 5 years, cutting the return by 0.11% 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 0.09%) | $9 | $30 | $52 |
| Trading costs (broker commissions) | $1 | $4 | $6 |
| Lost growth on money paid in costs | $0 | $2 | $6 |
| Total costs | $11 | $35 | $64 |
| Value after costs | $10,489 | $11,541 | $12,698 |
| Impact on return, per year | 0.11% | 0.11% | 0.11% |
C000143860 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0111%
- Total broker commissions: $31K
- Bought from dealers (principal trades, not a cost): $190.1M
- Portfolio turnover (prospectus): 29%
- Securities on loan, average value: $14.4M
- Net income from securities lending: $109K (0.040% of average net assets)
C000143860 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Broadcort Capital Corp. | $16K | 52.99% |
| BofA Securities, Inc. | $5K | 16.16% |
| Virtu Itg LLC | $5K | 15.81% |
| Citigroup Global Markets Inc. | $2K | 7.76% |
| Goldman Sachs & Co. LLC | $661 | 2.17% |
| Morgan Stanley & Co. LLC | $511 | 1.68% |
| J.P. Morgan Securities LLC | $287 | 0.94% |
| Cantor Fitzgerald & Co. | $276 | 0.90% |
| Instinet, LLC | $263 | 0.86% |
| UBS Securities LLC | $218 | 0.72% |
C000143860 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $190.1M | 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.