C000211208 Fees and Costs — Elements Emerging Markets Portfolio, Class Y
Data updated: 2020-10-21
The net expense ratio is 0.81%: a 0.60% management fee plus 0.21% other expenses. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $210K in broker commissions, 0.0600% of average net assets, and portfolio turnover was 92%.
C000211208 Fees and Expenses
Annual operating expenses and sales charges of C000211208. Prospectus, as of September 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.21% |
| Gross expense ratio | 0.81% |
| Fee waiver | — |
| Net expense ratio | 0.81% |
| 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 |
C000211208 Costs Over Time
On $10,000 invested in C000211208, assuming 5% a year before costs, total costs come to $546 over 5 years, cutting the return by 0.91% 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 0.81%) | $85 | $266 | $461 |
| Trading costs (broker commissions) | $6 | $20 | $34 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $91 | $300 | $546 |
| Value after costs | $10,409 | $11,277 | $12,217 |
| Impact on return, per year | 0.91% | 0.91% | 0.91% |
C000211208 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): 0.0600%
- Total broker commissions: $210K
- Bought from dealers (principal trades, not a cost): $935.6M
- Portfolio turnover (prospectus): 92%
- Securities on loan, average value: $5.5M
- Net income from securities lending: $27K (0.008% of average net assets)
C000211208 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $154K | 73.55% |
| MORGAN STANLEY & CO. LLC | $35K | 16.67% |
| UBS SECURITIES LLC | $21K | 9.78% |
C000211208 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| U.S. BANCORP INVESTMENTS, INC. | $828.4M | 88.54% |
| GOLDMAN SACHS & CO. LLC | $54.5M | 5.83% |
| J.P. Morgan Chase & Co. | $37.6M | 4.01% |
| MORGAN STANLEY & CO. LLC | $15.1M | 1.62% |
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.