C000211206 Fees and Costs — Elements International Portfolio, Class Y
Data updated: 2020-10-21
The net expense ratio is 0.62%: a 0.45% management fee plus 0.17% other expenses. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $98K in broker commissions, 0.0245% of average net assets, and portfolio turnover was 34%.
C000211206 Fees and Expenses
Annual operating expenses and sales charges of C000211206. Prospectus, as of September 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.17% |
| Gross expense ratio | 0.62% |
| Fee waiver | — |
| Net expense ratio | 0.62% |
| 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 |
C000211206 Costs Over Time
On $10,000 invested in C000211206, assuming 5% a year before costs, total costs come to $406 over 5 years, cutting the return by 0.68% 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 0.62%) | $65 | $204 | $355 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $10 | $37 |
| Total costs | $68 | $222 | $406 |
| Value after costs | $10,432 | $11,354 | $12,357 |
| Impact on return, per year | 0.68% | 0.68% | 0.68% |
C000211206 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0245%
- Total broker commissions: $98K
- Bought from dealers (principal trades, not a cost): $734.8M
- Portfolio turnover (prospectus): 34%
- Securities on loan, average value: $3.2M
- Net income from securities lending: $37K (0.009% of average net assets)
C000211206 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $43K | 43.65% |
| GOLDMAN SACHS & CO. LLC | $38K | 38.61% |
| UBS SECURITIES LLC | $17K | 17.73% |
C000211206 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| U.S. BANCORP INVESTMENTS, INC. | $623.5M | 84.85% |
| GOLDMAN SACHS & CO. LLC | $56.0M | 7.62% |
| MORGAN STANLEY & CO. LLC | $31.7M | 4.31% |
| J.P. Morgan Chase & Co. | $23.6M | 3.22% |
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.