C000212726 Fees and Costs — State Street China Equity Select Fund, Class K
Data updated: 2022-05-27
The net expense ratio is 0.90%: a 0.90% management fee plus 2.23% other expenses, less a 2.23% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $4K in broker commissions, 0.0522% of average net assets, and portfolio turnover was 53%.
C000212726 Fees and Expenses
Annual operating expenses and sales charges of C000212726. Prospectus, as of April 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.23% |
| Gross expense ratio | 3.13% |
| Fee waiver | −2.23% |
| Net expense ratio | 0.90% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000212726 Costs Over Time
On $10,000 invested in C000212726, assuming 5% a year before costs, total costs come to $596 over 5 years, cutting the return by 1.00% 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 0.90%) | $94 | $295 | $512 |
| Trading costs (broker commissions) | $5 | $17 | $30 |
| Lost growth on money paid in costs | $0 | $15 | $55 |
| Total costs | $100 | $328 | $596 |
| Value after costs | $10,400 | $11,249 | $12,167 |
| Impact on return, per year | 1.00% | 1.00% | 1.00% |
C000212726 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0522%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $4.1M
- Portfolio turnover (prospectus): 53%
- Securities lending: none during the year
C000212726 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $1K | 37.55% |
| CLSA Americas, LLC | $437 | 11.56% |
| Goldman Sachs & Co. LLC | $320 | 8.46% |
| Credit Suisse Securities (USA) LLC | $313 | 8.27% |
| Instinet, LLC | $297 | 7.85% |
| UBS Securities LLC | $283 | 7.49% |
| J.P. Morgan Securities LLC | $227 | 6.00% |
| Virtu Americas LLC | $205 | 5.41% |
| Citigroup Global Markets Inc. | $161 | 4.24% |
| Macquarie Capital (USA) Inc. | $120 | 3.16% |
C000212726 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $4.1M | 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.