C000169802 Fees and Costs — ESG All Cap Core Fund, Class I
Data updated: 2021-03-31
The net expense ratio is 0.93%: a 0.75% management fee plus 0.80% other expenses, less a 0.62% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $5K in broker commissions, 0.0183% of average net assets, and portfolio turnover was 23%.
C000169802 Fees and Expenses
Annual operating expenses and sales charges of C000169802. Prospectus, as of February 28, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.80% |
| Gross expense ratio | 1.55% |
| Fee waiver | −0.62% |
| Net expense ratio | 0.93% |
| 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 |
C000169802 Costs Over Time
On $10,000 invested in C000169802, assuming 5% a year before costs, total costs come to $594 over 5 years, cutting the return by 1.00% 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 0.93%) | $98 | $305 | $529 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $100 | $326 | $594 |
| Value after costs | $10,400 | $11,250 | $12,169 |
| Impact on return, per year | 1.00% | 1.00% | 1.00% |
C000169802 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): 0.0183%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $22.3M
- Portfolio turnover (prospectus): 23%
- Securities lending: none during the year
C000169802 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Sanford C. Bernstein & Co., LLC | $2K | 31.11% |
| Cornerstone Macro LLC | $1K | 19.66% |
| J.P. Morgan Securities LLC | $898 | 17.64% |
| Exane SA | $798 | 15.67% |
| Capital Institutional Services, Inc. | $423 | 8.31% |
| Evercore Group L.L.C. | $387 | 7.61% |
C000169802 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Holdings Inc. | $8.9M | 39.80% |
| J.P. Morgan Securities LLC | $3.1M | 14.11% |
| Cornerstone Macro LLC | $2.9M | 12.83% |
| Sanford C. Bernstein & Co., LLC | $2.8M | 12.62% |
| Exane SA | $2.5M | 11.31% |
| Capital Institutional Services, Inc. | $1.7M | 7.48% |
| Evercore Group L.L.C. | $410K | 1.84% |
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.