C000174304 Fees and Costs — Low Volatility U.S. Equity Fund, Class A
Data updated: 2022-03-28
The net expense ratio is 0.73%: a 0.40% management fee plus 0.80% other expenses, less a 0.47% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2021 the fund paid $7K in broker commissions, 0.0146% of average net assets, and portfolio turnover was 108%.
C000174304 Fees and Expenses
Annual operating expenses and sales charges of C000174304. Prospectus, as of November 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.80% |
| Gross expense ratio | 1.20% |
| Fee waiver | −0.47% |
| Net expense ratio | 0.73% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| 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 |
C000174304 Costs Over Time
On $10,000 invested in C000174304, assuming 5% a year before costs, total costs come to $1,175 over 5 years, cutting the return by 2.01% 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 |
| Sales charges | $575 | $575 | $575 |
| Fund expenses (net expense ratio 0.73%) | $72 | $226 | $393 |
| Trading costs (broker commissions) | $1 | $5 | $8 |
| Lost growth on money paid in costs | $29 | $102 | $199 |
| Total costs | $677 | $908 | $1,175 |
| Value after costs | $9,823 | $10,669 | $11,588 |
| Impact on return, per year | 6.77% | 2.82% | 2.01% |
C000174304 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0146%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 108%
- Securities on loan, average value: $0
- Net income from securities lending: $50 (0.000% of average net assets)
C000174304 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Piper Jaffray & Company | $4K | 48.30% |
| Morgan Stanley Incorporated | $1K | 14.01% |
| UBS Securities LLC | $985 | 13.36% |
| Instinet Limited | $718 | 9.73% |
| BTIG, LLC | $472 | 6.39% |
| Goldman Sachs & Company | $230 | 3.12% |
| Citigroup Global Markets Incorporated | $182 | 2.47% |
| Virtu Americas LLC | $158 | 2.14% |
| Bank of America Securities Incorporated | $21 | 0.28% |
| RBC Capital Markets | $14 | 0.19% |
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.