C000162189 Fees and Costs — FlexShares Currency Hedged Morningstar EM Factor Tilt Index Fund
Data updated: 2021-01-14
The net expense ratio is 0.64% (1.24% before fee waivers). There are no sales loads or redemption fees. In fiscal 2020 the fund paid $86 in broker commissions, 0.0022% of average net assets, and portfolio turnover was 5%.
C000162189 Fees and Expenses
Annual operating expenses and sales charges of C000162189. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.64% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 1.24% |
| Fee waiver | −0.60% |
| Net expense ratio | 0.64% |
| 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 |
C000162189 Costs Over Time
On $10,000 invested in C000162189, assuming 5% a year before costs, total costs come to $405 over 5 years, cutting the return by 0.67% 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 0.64%) | $67 | $210 | $366 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $10 | $37 |
| Total costs | $67 | $222 | $405 |
| Value after costs | $10,433 | $11,355 | $12,358 |
| Impact on return, per year | 0.67% | 0.67% | 0.67% |
C000162189 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): 0.0022%
- Total broker commissions: $86
- Bought from dealers (principal trades, not a cost): $2.0M
- Portfolio turnover (prospectus): 5%
- Securities lending: none during the year
C000162189 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citadel Securities LLC | $48 | 56.18% |
| Virtu ITG LLC | $17 | 20.43% |
| Citigroup Global Markets Inc. | $10 | 11.69% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $6 | 7.01% |
| J.P. Morgan Securities LLC | $4 | 4.68% |
C000162189 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $2.0M | 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.