C000179054 Fees and Costs — Elements U.S. Small Cap Portfolio, Class M
Data updated: 2020-10-21
The net expense ratio is 0.79%: a 0.50% management fee, a 0.10% 12b-1 fee plus 0.19% other expenses. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $21K in broker commissions, 0.0070% of average net assets, and portfolio turnover was 17%.
C000179054 Fees and Expenses
Annual operating expenses and sales charges of C000179054. Prospectus, as of September 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.10% |
| Other expenses | 0.19% |
| Gross expense ratio | 0.79% |
| Fee waiver | — |
| Net expense ratio | 0.79% |
| 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 | Yes |
C000179054 Costs Over Time
On $10,000 invested in C000179054, assuming 5% a year before costs, total costs come to $501 over 5 years, cutting the return by 0.84% 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 0.79%) | $83 | $259 | $451 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $13 | $46 |
| Total costs | $84 | $275 | $501 |
| Value after costs | $10,416 | $11,302 | $12,262 |
| Impact on return, per year | 0.84% | 0.84% | 0.84% |
C000179054 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0070%
- Total broker commissions: $21K
- Bought from dealers (principal trades, not a cost): $538.7M
- Portfolio turnover (prospectus): 17%
- Securities on loan, average value: $8.6M
- Net income from securities lending: $107K (0.036% of average net assets)
C000179054 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $13K | 60.78% |
| GOLDMAN SACHS & CO. LLC | $7K | 34.27% |
| UBS SECURITIES LLC | $871 | 4.21% |
| Jones Trading Institutional Services LLC | $151 | 0.73% |
C000179054 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| U.S. BANCORP INVESTMENTS, INC. | $455.7M | 84.59% |
| GOLDMAN SACHS & CO. LLC | $47.6M | 8.84% |
| J.P. Morgan Chase & Co. | $24.1M | 4.47% |
| MORGAN STANLEY & CO. LLC | $11.3M | 2.10% |
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.