C000153540 Fees and Costs — RCM Dynamic Multi-Asset Plus VIT Portfolio
Data updated: 2020-05-27
The net expense ratio is 1.20% (1.99% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $2K in broker commissions, 0.0095% of average net assets, and portfolio turnover was 49%.
C000153540 Fees and Expenses
Annual operating expenses and sales charges of C000153540. Prospectus, as of December 31, 2018.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.98% |
| Gross expense ratio | 1.99% |
| Fee waiver | −0.79% |
| Net expense ratio | 1.20% |
| 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 | Yes |
C000153540 Costs Over Time
On $10,000 invested in C000153540, assuming 5% a year before costs, total costs come to $753 over 5 years, cutting the return by 1.27% 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 | $679 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $20 | $69 |
| Total costs | $127 | $415 | $753 |
| Value after costs | $10,373 | $11,161 | $12,009 |
| Impact on return, per year | 1.27% | 1.27% | 1.27% |
C000153540 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): 0.0095%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $259.4M
- Portfolio turnover (prospectus): 49%
- Securities lending: none during the year
C000153540 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $1K | 56.00% |
| Instinet, LLC | $771 | 32.55% |
| Knight Capital Americas, L.P. | $271 | 11.45% |
C000153540 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $227.0M | 87.84% |
| BofA Securities, Inc. | $10.3M | 3.98% |
| Citadel Securities LLC | $5.6M | 2.16% |
| Nomura Securities International, Inc. | $4.3M | 1.67% |
| Jane Street Execution Services, LLC | $3.9M | 1.51% |
| Goldman Sachs & Co. LLC | $2.3M | 0.88% |
| Western International Securities, INC. | $1.6M | 0.61% |
| J.P. Morgan Securities LLC | $1.5M | 0.58% |
| Morgan Stanley & Co. LLC | $997K | 0.39% |
| Susquehanna Financial Group, LLLP | $971K | 0.38% |
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.