C000164503 Fees and Costs — Voya Target Retirement 2020 Fund, Class A
Data updated: 2020-08-12
The net expense ratio is 0.79%. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2020 the fund paid $3K in broker commissions, 0.0173% of average net assets, and portfolio turnover was 128%.
C000164503 Fees and Expenses
Annual operating expenses and sales charges of C000164503. Prospectus, as of September 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.08% |
| Gross expense ratio | 0.79% |
| Fee waiver | — |
| Net expense ratio | 0.79% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
C000164503 Costs Over Time
On $10,000 invested in C000164503, assuming 5% a year before costs, total costs come to $1,212 over 5 years, cutting the return by 2.07% 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 |
| Sales charges | $575 | $575 | $575 |
| Fund expenses (net expense ratio 0.79%) | $78 | $244 | $425 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $29 | $103 | $203 |
| Total costs | $684 | $928 | $1,212 |
| Value after costs | $9,816 | $10,648 | $11,551 |
| Impact on return, per year | 6.84% | 2.88% | 2.07% |
C000164503 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0173%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $34.1M
- Portfolio turnover (prospectus): 128%
- Securities lending: none during the year
C000164503 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Bank of America Corporation | $397 | 18.11% |
| Cowen and Company, LLC | $387 | 17.64% |
| VIRTU ITG LLC | $333 | 15.21% |
| BARCLAYS CAPITAL, INC. | $219 | 9.99% |
| J.P. MORGAN SECURITIES LLC | $171 | 7.81% |
| WELLS FARGO SECURITIES, LLC | $159 | 7.24% |
| PIPER SANDLER & CO. | $152 | 6.92% |
| VIRTU AMERICAS LLC | $136 | 6.22% |
| Royal Bank of Canada | $128 | 5.85% |
| Jane Street Execution Services, LLC | $110 | 5.03% |
C000164503 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| THE BANK OF NEW YORK MELLON | $3.7M | 99.04% |
| PIPER SANDLER & CO. | $36K | 0.96% |
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.