C000167613 Fees and Costs — Multi-Index 2060 Preservation Portfolio, Class R1
Data updated: 2023-07-27
The net expense ratio is 1.13% (1.60% before fee waivers). There are no sales loads or redemption fees. In fiscal 2022 the fund paid $7K in broker commissions, 0.0036% of average net assets, and portfolio turnover was 95%.
C000167613 Fees and Expenses
Annual operating expenses and sales charges of C000167613. Prospectus, as of December 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.19% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.48% |
| Gross expense ratio | 1.60% |
| Fee waiver | −0.47% |
| Net expense ratio | 1.13% |
| Sales charges | |
|---|---|
| Max front load | — |
| 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 | No |
C000167613 Costs Over Time
On $10,000 invested in C000167613, assuming 5% a year before costs, total costs come to $707 over 5 years, cutting the return by 1.19% 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 1.13%) | $119 | $370 | $640 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $18 | $65 |
| Total costs | $119 | $389 | $707 |
| Value after costs | $10,381 | $11,187 | $12,056 |
| Impact on return, per year | 1.19% | 1.19% | 1.19% |
C000167613 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0036%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $388.3M
- Portfolio turnover (prospectus): 95%
- Securities on loan, average value: $2.7M
- Net income from securities lending: $5K (0.003% of average net assets)
C000167613 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $5K | 74.24% |
| Pershing LLC | $2K | 25.26% |
| Goldman Sachs & Co. LLC | $34 | 0.49% |
C000167613 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Royal Bank of Canada | $342.0M | 88.13% |
| State Street Global Markets, LLC | $30.9M | 7.95% |
| Citigroup Global Markets Holdings Inc. | $4.9M | 1.26% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $3.0M | 0.76% |
| Barclays Bank PLC | $2.7M | 0.69% |
| Deutsche Bank AG | $2.0M | 0.52% |
| Morgan Stanley & Co. LLC | $1.4M | 0.36% |
| J.P. Morgan Securities LLC | $490K | 0.13% |
| Goldman Sachs & Co. LLC | $472K | 0.12% |
| Bank of Montreal | $252K | 0.06% |
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.