C000219382 Fees and Costs — Small Cap Core Fund, Class K
Data updated: 2026-08-28
The net expense ratio is 0.41%: a 0.38% management fee plus 0.09% other expenses, less a 0.07% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $111K in broker commissions, 0.0314% of average net assets, and portfolio turnover was 19%.
C000219382 Fees and Expenses
Annual operating expenses and sales charges of C000219382. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.38% |
| 12b-1 fee | — |
| Other expenses | 0.09% |
| Gross expense ratio | 0.48% |
| Fee waiver | −0.07% |
| Net expense ratio | 0.41% |
| 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 |
C000219382 Costs Over Time
On $10,000 invested in C000219382, assuming 5% a year before costs, total costs come to $279 over 5 years, cutting the return by 0.46% 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 0.41%) | $43 | $135 | $236 |
| Trading costs (broker commissions) | $3 | $10 | $18 |
| Lost growth on money paid in costs | $0 | $7 | $25 |
| Total costs | $46 | $153 | $279 |
| Value after costs | $10,454 | $11,424 | $12,484 |
| Impact on return, per year | 0.46% | 0.46% | 0.46% |
C000219382 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0314%
- Total broker commissions: $111K
- Bought from dealers (principal trades, not a cost): $148.4M
- Portfolio turnover (prospectus): 19%
- Securities on loan, average value: $13.3M
- Net income from securities lending: $319K (0.090% of average net assets)
C000219382 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $82K | 73.49% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $25K | 22.14% |
| Citibank, National Association | $2K | 1.82% |
| MERRILL LYNCH INTERNATIONAL | $2K | 1.56% |
| PIPER SANDLER & CO. | $300 | 0.27% |
| Loop Capital Markets LLC | $285 | 0.26% |
| JPMorgan Chase Bank, National Association | $238 | 0.21% |
| TD SECURITIES (USA) LLC | $142 | 0.13% |
| J.P. MORGAN SECURITIES LLC | $77 | 0.07% |
| PERSHING LLC | $54 | 0.05% |
C000219382 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| The Northern Trust Company | $135.8M | 91.46% |
| BMO Nesbitt Burns Inc. | $6.2M | 4.16% |
| JPMorgan Chase Bank, National Association | $3.5M | 2.33% |
| MORGAN STANLEY & CO. LLC | $1.7M | 1.16% |
| CITADEL ADVISORS LLC | $903K | 0.61% |
| MUFG SECURITIES AMERICAS INC. | $208K | 0.14% |
| CITIGROUP GLOBAL MARKETS INC. | $164K | 0.11% |
| Nomura Securities International, Inc. | $45K | 0.03% |
Small Cap Core Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000219382 | Class K | 0.41% | — |
| C000219383 | Class I | 0.51% | — |
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.