C000179056 Fees and Costs — Elements International Small Cap Portfolio, Class M
Data updated: 2020-10-21
The net expense ratio is 0.95%: a 0.55% management fee, a 0.10% 12b-1 fee plus 0.30% other expenses. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $57K in broker commissions, 0.0227% of average net assets, and portfolio turnover was 52%.
C000179056 Fees and Expenses
Annual operating expenses and sales charges of C000179056. Prospectus, as of September 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.10% |
| Other expenses | 0.30% |
| Gross expense ratio | 0.95% |
| Fee waiver | — |
| Net expense ratio | 0.95% |
| 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 |
C000179056 Costs Over Time
On $10,000 invested in C000179056, assuming 5% a year before costs, total costs come to $609 over 5 years, cutting the return by 1.02% 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 0.95%) | $100 | $311 | $540 |
| Trading costs (broker commissions) | $2 | $7 | $13 |
| Lost growth on money paid in costs | $0 | $16 | $56 |
| Total costs | $102 | $335 | $609 |
| Value after costs | $10,398 | $11,242 | $12,154 |
| Impact on return, per year | 1.02% | 1.02% | 1.02% |
C000179056 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): 0.0227%
- Total broker commissions: $57K
- Bought from dealers (principal trades, not a cost): $575.0M
- Portfolio turnover (prospectus): 52%
- Securities on loan, average value: $6.1M
- Net income from securities lending: $186K (0.074% of average net assets)
C000179056 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $29K | 50.93% |
| UBS SECURITIES LLC | $14K | 24.60% |
| GOLDMAN SACHS & CO. LLC | $14K | 24.47% |
C000179056 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| U.S. BANCORP INVESTMENTS, INC. | $516.2M | 89.77% |
| GOLDMAN SACHS & CO. LLC | $28.1M | 4.89% |
| MORGAN STANLEY & CO. LLC | $19.5M | 3.39% |
| J.P. Morgan Chase & Co. | $11.2M | 1.95% |
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.