C000155154 Fees and Costs — State Street International Value Spotlight Fund, Class K
Data updated: 2022-11-28
The net expense ratio is 0.75%: a 0.75% management fee plus 6.43% other expenses, less a 6.43% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $512 in broker commissions, 0.0235% of average net assets, and portfolio turnover was 40%.
C000155154 Fees and Expenses
Annual operating expenses and sales charges of C000155154. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 6.43% |
| Gross expense ratio | 7.18% |
| Fee waiver | −6.43% |
| Net expense ratio | 0.75% |
| 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 |
C000155154 Costs Over Time
On $10,000 invested in C000155154, assuming 5% a year before costs, total costs come to $486 over 5 years, cutting the return by 0.81% 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 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $2 | $8 | $13 |
| Lost growth on money paid in costs | $0 | $13 | $44 |
| Total costs | $81 | $267 | $486 |
| Value after costs | $10,419 | $11,310 | $12,277 |
| Impact on return, per year | 0.81% | 0.81% | 0.81% |
C000155154 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0235%
- Total broker commissions: $512
- Bought from dealers (principal trades, not a cost): $1.2M
- Portfolio turnover (prospectus): 40%
- Securities lending: none during the year
C000155154 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Credit Suisse Securities (USA) LLC | $115 | 24.05% |
| Virtu Americas LLC | $72 | 14.92% |
| Instinet, LLC | $69 | 14.40% |
| Morgan Stanley & Co. LLC | $63 | 13.14% |
| J.P. Morgan Securities LLC | $51 | 10.53% |
| Jefferies LLC | $33 | 6.97% |
| Citigroup Global Markets Inc. | $22 | 4.56% |
| BofA Securities, Inc. | $21 | 4.40% |
| SG Americas Securities, LLC | $17 | 3.59% |
| Goldman Sachs & Co. LLC | $17 | 3.46% |
C000155154 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $1.2M | 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.