C000206475 Fees and Costs — Preferred - Plus, Class A
Data updated: 2022-02-25
The net expense ratio is 1.87% (22.46% before fee waivers). There are no sales loads or redemption fees. In fiscal 2021 the fund paid $4K in broker commissions, 0.0284% of average net assets, and portfolio turnover was 27%.
C000206475 Fees and Expenses
Annual operating expenses and sales charges of C000206475. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | — |
| Gross expense ratio | 22.46% |
| Fee waiver | −20.59% |
| Net expense ratio | 1.87% |
| 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 |
C000206475 Costs Over Time
On $10,000 invested in C000206475, assuming 5% a year before costs, total costs come to $1,166 over 5 years, cutting the return by 1.99% 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 1.87%) | $196 | $607 | $1,043 |
| Trading costs (broker commissions) | $3 | $9 | $16 |
| Lost growth on money paid in costs | $0 | $31 | $108 |
| Total costs | $199 | $647 | $1,166 |
| Value after costs | $10,301 | $10,929 | $11,597 |
| Impact on return, per year | 1.99% | 1.99% | 1.99% |
C000206475 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0284%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 27%
- Securities lending: none during the year
C000206475 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Interactive Brokers, LLC | $3K | 94.13% |
| Brownstone Investment Group, LLC | $188 | 5.32% |
| TD Ameritrade, Inc. | $19 | 0.54% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.