C000165764 Fees and Costs — 1290 Global Talents Fund, Class I
Data updated: 2020-09-28
The net expense ratio is 1.00%: a 0.80% management fee plus 0.99% other expenses, less a 0.79% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $5K in broker commissions, 0.0177% of average net assets, and portfolio turnover was 20%.
C000165764 Fees and Expenses
Annual operating expenses and sales charges of C000165764. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.99% |
| Gross expense ratio | 1.79% |
| Fee waiver | −0.79% |
| Net expense ratio | 1.00% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000165764 Costs Over Time
On $10,000 invested in C000165764, assuming 5% a year before costs, total costs come to $636 over 5 years, cutting the return by 1.07% 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 |
| Fund expenses (net expense ratio 1.00%) | $105 | $328 | $568 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $17 | $58 |
| Total costs | $107 | $350 | $636 |
| Value after costs | $10,393 | $11,226 | $12,126 |
| Impact on return, per year | 1.07% | 1.07% | 1.07% |
C000165764 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0177%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $470K
- Portfolio turnover (prospectus): 20%
- Securities lending: none during the year
C000165764 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CREDIT SUISSE GROUP | $495 | 14.62% |
| CITIGROUP, INC. | $472 | 13.94% |
| Oppenheimer & Co. Inc. | $400 | 11.82% |
| JPMORGAN CHASE & CO. | $368 | 10.87% |
| Mizuho Financial Group | $355 | 10.49% |
| PIPER JAFFRAY & CO. | $354 | 10.47% |
| William Blair & Company, L.L.C. | $277 | 8.20% |
| GOLDMAN SACHS & CO. | $241 | 7.14% |
| UBS AG | $221 | 6.53% |
| BARCLAYS BANK IRELAND PLC | $200 | 5.91% |
C000165764 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE & CO. | $451K | 95.82% |
| CITIGROUP, INC. | $20K | 4.18% |
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.