C000192880 Fees and Costs — Blended Asset Conservative Series, Class R6
Data updated: 2020-09-25
The net expense ratio is 0.45%: a 0.40% management fee plus 0.24% other expenses, less a 0.19% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $23K in broker commissions, 0.0253% of average net assets, and portfolio turnover was 88%.
C000192880 Fees and Expenses
Annual operating expenses and sales charges of C000192880. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.24% |
| Gross expense ratio | 0.64% |
| Fee waiver | −0.19% |
| Net expense ratio | 0.45% |
| 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 |
C000192880 Costs Over Time
On $10,000 invested in C000192880, assuming 5% a year before costs, total costs come to $300 over 5 years, cutting the return by 0.50% 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 0.45%) | $47 | $148 | $258 |
| Trading costs (broker commissions) | $3 | $8 | $15 |
| Lost growth on money paid in costs | $0 | $8 | $27 |
| Total costs | $50 | $164 | $300 |
| Value after costs | $10,450 | $11,412 | $12,462 |
| Impact on return, per year | 0.50% | 0.50% | 0.50% |
C000192880 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0253%
- Total broker commissions: $23K
- Bought from dealers (principal trades, not a cost): $173.1M
- Portfolio turnover (prospectus): 88%
- Securities lending: none during the year
C000192880 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $3K | 19.91% |
| MACQUARIE CAPITAL (USA), INC. | $2K | 12.90% |
| LEERINK PARTNERS LLC | $2K | 11.58% |
| GOLDMAN SACHS & CO. LLC | $2K | 10.15% |
| J.P. Morgan Securities LLC | $2K | 10.01% |
| Raymond James & Associates, Inc. | $1K | 8.56% |
| JONESTRADING INSTITUTIONAL SERVICES LLC | $1K | 8.15% |
| BANK OF AMERICA CORPORATION | $1K | 7.31% |
| ISI Security Group, Inc. | $1K | 6.31% |
| Blair William & Company LLC | $824 | 5.11% |
C000192880 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Amherst Pierpont Securities LLC | $36.1M | 23.83% |
| INTL Fcstone LTD | $31.1M | 20.52% |
| Performance Trust Capital Partners LLC | $25.4M | 16.75% |
| KEYBANC CAPITAL MARKETS, INC. | $23.4M | 15.44% |
| BMO CAPITAL MARKETS CORP. | $19.0M | 12.50% |
| CitiGroup Global Markets Inc. | $4.2M | 2.76% |
| STIFEL, NICOLAUS & COMPANY, INC. | $3.6M | 2.36% |
| Bank of America Corporation | $3.1M | 2.06% |
| Seaport Global Securities LLC | $3.0M | 2.00% |
| WELLS FARGO SECURITIES, LLC | $2.7M | 1.79% |
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.