C000192882 Fees and Costs — Blended Asset Maximum Series, Class R6
Data updated: 2020-09-25
The net expense ratio is 0.55%: a 0.50% management fee plus 0.18% other expenses, less a 0.13% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $92K in broker commissions, 0.0756% of average net assets, and portfolio turnover was 89%.
C000192882 Fees and Expenses
Annual operating expenses and sales charges of C000192882. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.18% |
| Gross expense ratio | 0.68% |
| Fee waiver | −0.13% |
| Net expense ratio | 0.55% |
| 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 |
C000192882 Costs Over Time
On $10,000 invested in C000192882, assuming 5% a year before costs, total costs come to $394 over 5 years, cutting the return by 0.66% 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 0.55%) | $58 | $181 | $315 |
| Trading costs (broker commissions) | $8 | $25 | $43 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $66 | $216 | $394 |
| Value after costs | $10,434 | $11,360 | $12,369 |
| Impact on return, per year | 0.66% | 0.66% | 0.66% |
C000192882 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): 0.0756%
- Total broker commissions: $92K
- Bought from dealers (principal trades, not a cost): $94.3M
- Portfolio turnover (prospectus): 89%
- Securities lending: none during the year
C000192882 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MACQUARIE CAPITAL (USA), INC. | $11K | 19.02% |
| LEERINK PARTNERS LLC | $7K | 11.48% |
| CITIGROUP GLOBAL MARKETS INC. | $7K | 11.14% |
| MORGAN STANLEY & CO. LLC | $6K | 9.34% |
| J.P. Morgan Securities LLC | $5K | 9.20% |
| BANK OF AMERICA CORPORATION | $5K | 8.52% |
| DEUTSCHE BANK SECURITIES INC. | $5K | 8.37% |
| CLSA AMERICAS, LLC | $5K | 7.85% |
| SANFORD C. BERNSTEIN & CO., LLC | $5K | 7.61% |
| BARCLAYS CAPITAL, INC. | $4K | 7.47% |
C000192882 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| INTL Fcstone LTD | $21.1M | 23.43% |
| BMO CAPITAL MARKETS CORP. | $20.7M | 22.99% |
| Performance Trust Capital Partners LLC | $15.7M | 17.46% |
| Amherst Pierpont Securities LLC | $15.6M | 17.27% |
| KEYBANC CAPITAL MARKETS, INC. | $13.3M | 14.77% |
| CitiGroup Global Markets Inc. | $920K | 1.02% |
| RBC CAPITAL MARKETS LLC | $746K | 0.83% |
| J.P. Morgan Securities LLC | $683K | 0.76% |
| Seaport Global Securities LLC | $669K | 0.74% |
| DEUTSCHE BANK SECURITIES, INC. | $658K | 0.73% |
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.