C000173477 Fees and Costs — International Strategic Equity Allocation Fund, Class NAV
Data updated: 2026-07-27
The net expense ratio is 0.70%: a 0.63% management fee plus 0.08% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.1M in broker commissions, 0.0301% of average net assets, and portfolio turnover was 35%.
C000173477 Fees and Expenses
Annual operating expenses and sales charges of C000173477. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.63% |
| 12b-1 fee | — |
| Other expenses | 0.08% |
| Gross expense ratio | 0.71% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.70% |
| 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 |
C000173477 Costs Over Time
On $10,000 invested in C000173477, assuming 5% a year before costs, total costs come to $459 over 5 years, cutting the return by 0.77% 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 0.70%) | $74 | $230 | $400 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $77 | $252 | $459 |
| Value after costs | $10,423 | $11,325 | $12,304 |
| Impact on return, per year | 0.77% | 0.77% | 0.77% |
C000173477 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0301%
- Total broker commissions: $1.1M
- Bought from dealers (principal trades, not a cost): $7.1B
- Portfolio turnover (prospectus): 35%
- Securities on loan, average value: $37.5M
- Net income from securities lending: $608K (0.016% of average net assets)
C000173477 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $806K | 71.55% |
| Goldman Sachs & Co. LLC | $320K | 28.44% |
| Guotai Junan Securities Co., Ltd. | $27 | 0.00% |
| China Fortune Securities Co., Ltd. | $1 | 0.00% |
C000173477 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Pershing LLC | $1.7B | 24.77% |
| UBS AG | $1.2B | 16.77% |
| TD Securities Inc. / Valeurs Mobilieres TD Inc. | $913.9M | 13.11% |
| Barclays Bank PLC | $793.4M | 11.38% |
| TD Securities (USA) LLC | $784.9M | 11.26% |
| Bank of Montreal | $478.9M | 6.87% |
| Jefferies LLC | $397.6M | 5.70% |
| Morgan Stanley & Co. LLC | $364.8M | 5.23% |
| J.P. Morgan Securities LLC | $224.6M | 3.22% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $117.7M | 1.69% |
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.