C000186191 Fees and Costs — Retirement Income 2040 Fund, Class R6
Data updated: 2022-05-26
The net expense ratio is 0.49% (1.04% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 26%.
C000186191 Fees and Expenses
Annual operating expenses and sales charges of C000186191. Prospectus, as of April 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | — |
| Other expenses | 0.57% |
| Gross expense ratio | 1.04% |
| Fee waiver | −0.55% |
| Net expense ratio | 0.49% |
| 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 |
C000186191 Costs Over Time
On $10,000 invested in C000186191, assuming 5% a year before costs, total costs come to $310 over 5 years, cutting the return by 0.51% 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 0.49%) | $51 | $161 | $281 |
| Lost growth on money paid in costs | $0 | $8 | $28 |
| Total costs | $51 | $169 | $310 |
| Value after costs | $10,449 | $11,407 | $12,453 |
| Impact on return, per year | 0.51% | 0.51% | 0.51% |
C000186191 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $11.2M
- Portfolio turnover (prospectus): 26%
- Securities lending: none during the year
C000186191 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $4.8M | 47.34% |
| HSBC Bank PLC | $1.1M | 10.67% |
| Barclays Bank PLC | $717K | 7.01% |
| Citigroup Global Markets Holdings Inc. | $670K | 6.55% |
| Goldman Sachs & Co. LLC | $607K | 5.94% |
| Deutsche Bank AG | $583K | 5.71% |
| NatWest Markets PLC | $520K | 5.09% |
| Royal Bank of Canada | $475K | 4.65% |
| J.P. Morgan Securities LLC | $443K | 4.33% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $278K | 2.72% |
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.