C000155761 Fees and Costs — Great-West T. Rowe Price Equity Income Fund, Institutional Class
Data updated: 2019-11-22
The net expense ratio is 0.47%: a 0.47% management fee plus 0.01% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2018 the fund paid $3.8M in broker commissions, 0.4619% of average net assets, and portfolio turnover was 22%.
C000155761 Fees and Expenses
Annual operating expenses and sales charges of C000155761. Prospectus, as of April 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.47% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.48% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.47% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
C000155761 Costs Over Time
On $10,000 invested in C000155761, assuming 5% a year before costs, total costs come to $584 over 5 years, cutting the return by 0.98% 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 0.47%) | $49 | $154 | $267 |
| Trading costs (broker commissions) | $48 | $151 | $263 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $98 | $321 | $584 |
| Value after costs | $10,402 | $11,256 | $12,179 |
| Impact on return, per year | 0.98% | 0.98% | 0.98% |
C000155761 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2018.
- Explicit cost rate (commissions ÷ average net assets): 0.4619%
- Total broker commissions: $3.8M
- Bought from dealers (principal trades, not a cost): $10.9B
- Portfolio turnover (prospectus): 22%
- Securities on loan, average value: —
- Net income from securities lending: $94K (0.011% of average net assets)
C000155761 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ABEL NOSER, LLC | $509K | 20.19% |
| BARCLAYS CAPITAL INC | $463K | 18.37% |
| MORGAN STANLEY & CO LLC | $262K | 10.41% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC | $248K | 9.84% |
| UBS SECURITIES LLC | $217K | 8.62% |
| CITIGROUP GLOBAL MARKETS INC | $213K | 8.46% |
| GOLDMAN SACHS & CO | $189K | 7.50% |
| DEUTSCHE BANK SECURITIES INC | $164K | 6.49% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $136K | 5.42% |
| NATIONAL FINANCIAL SERVICES, LLC | $118K | 4.69% |
C000155761 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC | $1.1B | 15.69% |
| JP MORGAN SECURITIES LLC | $983.1M | 13.60% |
| NATIONAL FINANCIAL SERVICES, LLC | $902.8M | 12.49% |
| CITIGROUP GLOBAL MARKETS INC | $855.6M | 11.84% |
| GOLDMAN SACHS & CO | $746.4M | 10.33% |
| ABEL NOSER, LLC | $662.3M | 9.16% |
| BARCLAYS CAPITAL INC | $537.3M | 7.44% |
| MORGAN STANLEY & CO LLC | $485.4M | 6.72% |
| WELLS FARGO SECURITIES INC. | $460.9M | 6.38% |
| UBS SECURITIES LLC | $458.8M | 6.35% |
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.