C000199565 Fees and Costs — Vontobel U.S. Equity Institutional Fund, Class I
Data updated: 2024-12-12
The net expense ratio is 0.65%: a 0.50% management fee plus 2.24% other expenses, less a 2.09% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $5K in broker commissions, 0.0134% of average net assets, and portfolio turnover was 30%.
C000199565 Fees and Expenses
Annual operating expenses and sales charges of C000199565. Prospectus, as of January 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.24% |
| Gross expense ratio | 2.74% |
| Fee waiver | −2.09% |
| Net expense ratio | 0.65% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000199565 Costs Over Time
On $10,000 invested in C000199565, assuming 5% a year before costs, total costs come to $418 over 5 years, cutting the return by 0.70% 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 0.65%) | $68 | $214 | $372 |
| Trading costs (broker commissions) | $1 | $4 | $8 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $70 | $229 | $418 |
| Value after costs | $10,430 | $11,347 | $12,345 |
| Impact on return, per year | 0.70% | 0.70% | 0.70% |
C000199565 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0134%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $25.2M
- Portfolio turnover (prospectus): 30%
- Securities lending: none during the year
C000199565 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $2K | 42.09% |
| UBS SECURITIES LLC | $620 | 12.75% |
| SANFORD C. BERNSTEIN & CO., LLC | $502 | 10.32% |
| Citigroup Global Markets Inc. | $488 | 10.04% |
| GOLDMAN SACHS & CO. LLC | $379 | 7.78% |
| BARCLAYS CAPITAL INC | $291 | 5.99% |
| Macquarie Securities | $158 | 3.24% |
| INVESTMENT TECHNOLOGY GROUP LTD. | $132 | 2.72% |
| CLSA GLOBAL MARKETS | $123 | 2.54% |
| ITAU BBA USA SECURITIES, INC. | $123 | 2.52% |
C000199565 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Northern Institutional U.S. Government Select Portfolio | $25.2M | 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.