C000162188 Fees and Costs — FlexShares Currency Hedged Morningstar DM ex-US Factor Tilt Index Fund
Data updated: 2021-01-14
The net expense ratio is 0.44% (0.84% before fee waivers). There are no sales loads or redemption fees. In fiscal 2020 the fund paid $315 in broker commissions, 0.0045% of average net assets, and portfolio turnover was 4%.
C000162188 Fees and Expenses
Annual operating expenses and sales charges of C000162188. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.44% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.84% |
| Fee waiver | −0.40% |
| Net expense ratio | 0.44% |
| 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 |
C000162188 Costs Over Time
On $10,000 invested in C000162188, assuming 5% a year before costs, total costs come to $281 over 5 years, cutting the return by 0.47% 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 0.44%) | $46 | $145 | $253 |
| Trading costs (broker commissions) | $0 | $1 | $3 |
| Lost growth on money paid in costs | $0 | $7 | $26 |
| Total costs | $47 | $154 | $281 |
| Value after costs | $10,453 | $11,423 | $12,482 |
| Impact on return, per year | 0.47% | 0.47% | 0.47% |
C000162188 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0045%
- Total broker commissions: $315
- Bought from dealers (principal trades, not a cost): $1.1M
- Portfolio turnover (prospectus): 4%
- Securities lending: none during the year
C000162188 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citadel Securities LLC | $139 | 44.22% |
| Virtu ITG LLC | $95 | 30.09% |
| Jane Street Execution Services, LLC | $81 | 25.69% |
C000162188 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $1.1M | 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.