C000206443 Fees and Costs — International Series
Data updated: 2019-11-21
The net expense ratio is 0.12% (0.77% before fee waivers). There are no sales loads or redemption fees. In fiscal 2018 the fund paid $1.7M in broker commissions, 0.3729% of average net assets, and portfolio turnover was 129%.
C000206443 Fees and Expenses
Annual operating expenses and sales charges of C000206443. Prospectus, as of February 28, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.15% |
| Gross expense ratio | 0.77% |
| Fee waiver | −0.65% |
| Net expense ratio | 0.12% |
| 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 |
C000206443 Costs Over Time
On $10,000 invested in C000206443, assuming 5% a year before costs, total costs come to $311 over 5 years, cutting the return by 0.52% 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 0.12%) | $13 | $40 | $69 |
| Trading costs (broker commissions) | $39 | $123 | $214 |
| Lost growth on money paid in costs | $0 | $8 | $28 |
| Total costs | $52 | $170 | $311 |
| Value after costs | $10,448 | $11,406 | $12,451 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
C000206443 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2018.
- Explicit cost rate (commissions ÷ average net assets): 0.3729%
- Total broker commissions: $1.7M
- Bought from dealers (principal trades, not a cost): $11.2M
- Portfolio turnover (prospectus): 129%
- Securities lending: none during the year
C000206443 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CLSA AMERICAS, LLC | $322K | 22.06% |
| BANK OF AMERICA CORPORATION | $217K | 14.85% |
| MORGAN STANLEY & CO. LLC | $188K | 12.88% |
| DEUTSCHE BANK SECURITIES INC. | $143K | 9.78% |
| UBS Securities LLC | $122K | 8.35% |
| BARCLAYS CAPITAL, INC. | $120K | 8.20% |
| Sanford C. Bernstein & Co., Inc. | $109K | 7.46% |
| MACQUARIE CAPITAL (USA), INC. | $81K | 5.55% |
| GOLDMAN SACHS & CO. LLC | $80K | 5.48% |
| Jefferies & Company Inc | $78K | 5.37% |
C000206443 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| INTL Fcstone LTD | $7.3M | 65.34% |
| TD SECURITIES (USA) LLC | $3.9M | 34.66% |
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.