C000192883 Fees and Costs — Blended Asset Extended Series, Class R6
Data updated: 2020-09-25
The net expense ratio is 0.55%: a 0.50% management fee plus 0.16% other expenses, less a 0.11% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $93K in broker commissions, 0.0547% of average net assets, and portfolio turnover was 84%.
C000192883 Fees and Expenses
Annual operating expenses and sales charges of C000192883. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.16% |
| Gross expense ratio | 0.66% |
| Fee waiver | −0.11% |
| 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 |
C000192883 Costs Over Time
On $10,000 invested in C000192883, assuming 5% a year before costs, total costs come to $381 over 5 years, cutting the return by 0.63% 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) | $6 | $18 | $31 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $63 | $209 | $381 |
| Value after costs | $10,437 | $11,368 | $12,382 |
| Impact on return, per year | 0.63% | 0.63% | 0.63% |
C000192883 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): 0.0547%
- Total broker commissions: $93K
- Bought from dealers (principal trades, not a cost): $206.9M
- Portfolio turnover (prospectus): 84%
- Securities lending: none during the year
C000192883 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MACQUARIE CAPITAL (USA), INC. | $10K | 17.39% |
| J.P. Morgan Securities LLC | $7K | 12.02% |
| MORGAN STANLEY & CO. LLC | $6K | 10.38% |
| GOLDMAN SACHS & CO. LLC | $6K | 10.11% |
| CLSA AMERICAS, LLC | $6K | 9.49% |
| JONESTRADING INSTITUTIONAL SERVICES LLC | $6K | 9.24% |
| LEERINK PARTNERS LLC | $5K | 9.04% |
| UBS Securities LLC | $5K | 7.76% |
| ISI Security Group, Inc. | $4K | 7.47% |
| CREDIT SUISSE SECURITIES (USA) LLC | $4K | 7.10% |
C000192883 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| INTL Fcstone LTD | $53.0M | 28.87% |
| BMO CAPITAL MARKETS CORP. | $52.8M | 28.74% |
| Performance Trust Capital Partners LLC | $21.8M | 11.87% |
| KEYBANC CAPITAL MARKETS, INC. | $21.5M | 11.68% |
| Amherst Pierpont Securities LLC | $16.5M | 8.97% |
| CitiGroup Global Markets Inc. | $4.5M | 2.45% |
| J.P. Morgan Securities LLC | $4.5M | 2.44% |
| Bank of America Corporation | $3.4M | 1.84% |
| RBC DOMINION SECURITIES, INC. | $3.0M | 1.62% |
| Seaport Global Securities LLC | $2.8M | 1.51% |
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.