C000146955 Fees and Costs — BATS: Securitized Total Return Series
Data updated: 2026-08-27
The net expense ratio is 0.00% (0.02% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 59%.
C000146955 Fees and Expenses
Annual operating expenses and sales charges of C000146955. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.02% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.00% |
| 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 |
C000146955 Costs Over Time
On $10,000 invested in C000146955, assuming 5% a year before costs, total costs come to $0 over 5 years, cutting the return by 0.00% 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 0.00%) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $0 | $0 |
| Total costs | $0 | $0 | $0 |
| Value after costs | $10,500 | $11,576 | $12,763 |
| Impact on return, per year | 0.00% | 0.00% | 0.00% |
C000146955 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $9.3B
- Portfolio turnover (prospectus): 59%
- Securities lending: none during the year
C000146955 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Dreyfus Treasury Securities Cash Management | $4.1B | 49.84% |
| CitiGroup Global Markets Inc. | $772.2M | 9.29% |
| BARCLAYS CAPITAL, INC. | $749.6M | 9.02% |
| MORGAN STANLEY & CO. LLC | $672.0M | 8.08% |
| BOFA SECURITIES, INC. | $567.7M | 6.83% |
| GOLDMAN SACHS & CO. LLC | $434.8M | 5.23% |
| J.P. Morgan Securities LLC | $361.4M | 4.35% |
| WELLS FARGO SECURITIES, LLC | $246.7M | 2.97% |
| BTIG LLC | $188.7M | 2.27% |
| DEUTSCHE BANK SECURITIES, INC. | $176.4M | 2.12% |
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.