C000192881 Fees and Costs — Blended Asset Moderate Series, Class R6
Data updated: 2020-09-25
The net expense ratio is 0.50%: a 0.45% management fee plus 0.25% other expenses, less a 0.20% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $41K in broker commissions, 0.0419% of average net assets, and portfolio turnover was 88%.
C000192881 Fees and Expenses
Annual operating expenses and sales charges of C000192881. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.25% |
| Gross expense ratio | 0.70% |
| Fee waiver | −0.20% |
| Net expense ratio | 0.50% |
| 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 |
C000192881 Costs Over Time
On $10,000 invested in C000192881, assuming 5% a year before costs, total costs come to $342 over 5 years, cutting the return by 0.57% 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 0.50%) | $52 | $165 | $287 |
| Trading costs (broker commissions) | $4 | $14 | $24 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $57 | $187 | $342 |
| Value after costs | $10,443 | $11,389 | $12,421 |
| Impact on return, per year | 0.57% | 0.57% | 0.57% |
C000192881 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): 0.0419%
- Total broker commissions: $41K
- Bought from dealers (principal trades, not a cost): $146.2M
- Portfolio turnover (prospectus): 88%
- Securities lending: none during the year
C000192881 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MACQUARIE CAPITAL (USA), INC. | $5K | 18.81% |
| J.P. Morgan Securities LLC | $3K | 11.80% |
| MORGAN STANLEY & CO. LLC | $3K | 9.97% |
| GOLDMAN SACHS & CO. LLC | $3K | 9.88% |
| LEERINK PARTNERS LLC | $3K | 9.75% |
| CLSA AMERICAS, LLC | $2K | 9.41% |
| JONESTRADING INSTITUTIONAL SERVICES LLC | $2K | 8.97% |
| UBS Securities LLC | $2K | 7.63% |
| CREDIT SUISSE SECURITIES (USA) LLC | $2K | 6.92% |
| CITIGROUP GLOBAL MARKETS INC. | $2K | 6.88% |
C000192881 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BMO CAPITAL MARKETS CORP. | $49.8M | 38.72% |
| INTL Fcstone LTD | $31.6M | 24.54% |
| KEYBANC CAPITAL MARKETS, INC. | $16.5M | 12.80% |
| Amherst Pierpont Securities LLC | $12.4M | 9.61% |
| Performance Trust Capital Partners LLC | $5.8M | 4.54% |
| CitiGroup Global Markets Inc. | $2.9M | 2.25% |
| Bank of America Corporation | $2.7M | 2.06% |
| STIFEL, NICHOLAS & COMPANY, INC. | $2.4M | 1.89% |
| J.P. Morgan Securities LLC | $2.4M | 1.86% |
| WELLS FARGO SECURITIES, LLC | $2.2M | 1.73% |
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.