C000170952 Fees and Costs — Short Term Tax Aware Fixed Income Portfolio
Data updated: 2024-09-16
The net expense ratio is 0.55%: a 0.35% management fee plus 0.34% other expenses, less a 0.14% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 45%.
C000170952 Fees and Expenses
Annual operating expenses and sales charges of C000170952. Prospectus, as of February 29, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | — |
| Other expenses | 0.34% |
| Gross expense ratio | 0.69% |
| Fee waiver | −0.14% |
| Net expense ratio | 0.55% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000170952 Costs Over Time
On $10,000 invested in C000170952, assuming 5% a year before costs, total costs come to $347 over 5 years, cutting the return by 0.58% 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 0.55%) | $58 | $181 | $315 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $58 | $190 | $347 |
| Value after costs | $10,442 | $11,386 | $12,416 |
| Impact on return, per year | 0.58% | 0.58% | 0.58% |
C000170952 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $177.5M
- Portfolio turnover (prospectus): 45%
- Securities on loan, average value: $469K
- Net income from securities lending: $6K (0.013% of average net assets)
C000170952 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $117.8M | 77.11% |
| Morgan Stanley & Co. LLC | $10.7M | 7.01% |
| J.P. Morgan Securities LLC | $5.1M | 3.35% |
| BNY Mellon Capital Markets, LLC | $3.6M | 2.34% |
| Shank Williams Cisneros, LLC | $3.2M | 2.09% |
| Goldman Sachs & Co. LLC | $3.1M | 2.00% |
| BofA Securities, Inc. | $2.7M | 1.77% |
| Hilltop Securities Inc. | $2.5M | 1.63% |
| Barclays Capital Inc. | $2.1M | 1.38% |
| Fidelity Brokerage Services LLC | $2.0M | 1.31% |
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.