C000198887 Fees and Costs — Old Westbury All Cap ESG Fund
Data updated: 2021-04-01
The net expense ratio is 1.00%: a 0.75% management fee plus 0.59% other expenses, less a 0.34% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $24K in broker commissions, 0.0619% of average net assets, and portfolio turnover was 40%.
C000198887 Fees and Expenses
Annual operating expenses and sales charges of C000198887. Prospectus, as of February 28, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | — |
| Other expenses | 0.59% |
| Gross expense ratio | 1.34% |
| Fee waiver | −0.34% |
| Net expense ratio | 1.00% |
| 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 | No |
C000198887 Costs Over Time
On $10,000 invested in C000198887, assuming 5% a year before costs, total costs come to $663 over 5 years, cutting the return by 1.11% 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 1.00%) | $105 | $327 | $567 |
| Trading costs (broker commissions) | $6 | $20 | $35 |
| Lost growth on money paid in costs | $0 | $17 | $61 |
| Total costs | $111 | $365 | $663 |
| Value after costs | $10,389 | $11,211 | $12,099 |
| Impact on return, per year | 1.11% | 1.11% | 1.11% |
C000198887 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0619%
- Total broker commissions: $24K
- Bought from dealers (principal trades, not a cost): $58.2M
- Portfolio turnover (prospectus): 40%
- Securities lending: none during the year
C000198887 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Cowen and Company, LLC | $21K | 85.68% |
| BTIG, LLC | $3K | 14.05% |
| JONESTRADING INSTITUTIONAL SERVICES LLC | $64 | 0.27% |
C000198887 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Cowen and Company, LLC | $28.0M | 48.13% |
| SDIT GOVERNMENT II FUND | $24.5M | 42.20% |
| BTIG LLC | $5.3M | 9.14% |
| JONESTRADING INSTITUTIONAL SERVICES LLC | $310K | 0.53% |
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.