C000153968 Fees and Costs — Absolute Return Currency Fund, Class R2
Data updated: 2022-10-04
The net expense ratio is 1.51%: a 0.91% management fee, a 0.25% 12b-1 fee plus 0.36% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 0%.
C000153968 Fees and Expenses
Annual operating expenses and sales charges of C000153968. Prospectus, as of November 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.91% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.36% |
| Gross expense ratio | 1.52% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.51% |
| 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 |
C000153968 Costs Over Time
On $10,000 invested in C000153968, assuming 5% a year before costs, total costs come to $935 over 5 years, cutting the return by 1.59% 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 1.51%) | $159 | $492 | $849 |
| Lost growth on money paid in costs | $0 | $24 | $86 |
| Total costs | $159 | $517 | $935 |
| Value after costs | $10,341 | $11,060 | $11,828 |
| Impact on return, per year | 1.59% | 1.59% | 1.59% |
C000153968 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $2.0B
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
C000153968 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Barclays Bank PLC | $1.3B | 67.13% |
| State Street Global Markets, LLC | $420.7M | 21.30% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $178.4M | 9.03% |
| NatWest Markets PLC | $50.0M | 2.53% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.