C000197122 Fees and Costs — International Equity Portfolio, Class I
Data updated: 2024-05-16
The net expense ratio is 1.01%: a 1.15% management fee plus 0.63% other expenses, less a 0.77% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $34K in broker commissions, 0.1064% of average net assets, and portfolio turnover was 64%.
C000197122 Fees and Expenses
Annual operating expenses and sales charges of C000197122. Prospectus, as of March 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 1.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.63% |
| Gross expense ratio | 1.78% |
| Fee waiver | −0.77% |
| Net expense ratio | 1.01% |
| 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 |
C000197122 Costs Over Time
On $10,000 invested in C000197122, assuming 5% a year before costs, total costs come to $697 over 5 years, cutting the return by 1.17% 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 1.01%) | $106 | $330 | $572 |
| Trading costs (broker commissions) | $11 | $35 | $60 |
| Lost growth on money paid in costs | $0 | $18 | $64 |
| Total costs | $117 | $383 | $697 |
| Value after costs | $10,383 | $11,193 | $12,066 |
| Impact on return, per year | 1.17% | 1.17% | 1.17% |
C000197122 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.1064%
- Total broker commissions: $34K
- Bought from dealers (principal trades, not a cost): $19.3M
- Portfolio turnover (prospectus): 64%
- Securities on loan, average value: $725K
- Net income from securities lending: $17K (0.052% of average net assets)
C000197122 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $4K | 15.79% |
| Citigroup Global Markets Inc. | $4K | 15.28% |
| BofA Securities, Inc. | $4K | 13.52% |
| Goldman Sachs & Co. LLC | $3K | 12.19% |
| J.P. Morgan Securities LLC | $3K | 11.36% |
| HSBC Securities (USA) Inc. | $2K | 7.90% |
| Jefferies LLC | $2K | 6.72% |
| Berenberg Capital Markets LLC | $2K | 5.93% |
| BNP Paribas Securities Corp. | $2K | 5.68% |
| Barclays Capital Inc. | $1K | 5.63% |
C000197122 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $19.3M | 100.00% |
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.