C000162573 Fees and Costs — TIAA-CREF Quant Large-Cap Value Fund, Advisor Class
Data updated: 2021-01-14
The net expense ratio is 0.47%: a 0.34% management fee plus 0.13% other expenses. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $481K in broker commissions, 0.0358% of average net assets, and portfolio turnover was 146%.
C000162573 Fees and Expenses
Annual operating expenses and sales charges of C000162573. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.34% |
| 12b-1 fee | — |
| Other expenses | 0.13% |
| Gross expense ratio | 0.47% |
| Fee waiver | — |
| Net expense ratio | 0.47% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000162573 Costs Over Time
On $10,000 invested in C000162573, assuming 5% a year before costs, total costs come to $320 over 5 years, cutting the return by 0.53% 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 | $155 | $270 |
| Trading costs (broker commissions) | $4 | $12 | $21 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $53 | $175 | $320 |
| Value after costs | $10,447 | $11,401 | $12,443 |
| Impact on return, per year | 0.53% | 0.53% | 0.53% |
C000162573 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): 0.0358%
- Total broker commissions: $481K
- Bought from dealers (principal trades, not a cost): $7.7B
- Portfolio turnover (prospectus): 146%
- Securities on loan, average value: $2.5M
- Net income from securities lending: $36K (0.003% of average net assets)
C000162573 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Piper Jaffray & Co. | $141K | 30.76% |
| INSTINET, LLC | $98K | 21.39% |
| JEFFERIES LLC | $79K | 17.29% |
| RBC CAPITAL MARKETS, LLC | $43K | 9.32% |
| UBS SECURITIES LLC | $27K | 5.86% |
| GUZMAN & COMPANY | $24K | 5.22% |
| National Financial Services LLC | $21K | 4.51% |
| Loop Capital Markets LLC | $13K | 2.93% |
| Morgan Stanley & Co. LLC | $7K | 1.58% |
| BTIG, LLC | $5K | 1.14% |
C000162573 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $1.7B | 23.57% |
| Piper Jaffray & Co. | $1.6B | 22.60% |
| JEFFERIES LLC | $1.1B | 15.27% |
| UBS SECURITIES LLC | $678.1M | 9.59% |
| RBC CAPITAL MARKETS, LLC | $405.4M | 5.73% |
| State Street Global Markets, LLC | $374.3M | 5.29% |
| Guzman & Company | $373.3M | 5.28% |
| Morgan Stanley & Co. LLC | $364.4M | 5.15% |
| Barclays Capital Inc. | $314.7M | 4.45% |
| Loop Capital Markets LLC | $215.5M | 3.05% |
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.