C000219386 Fees and Costs — U.S. Quality ESG Fund, Class I
Data updated: 2026-08-28
The net expense ratio is 0.49%: a 0.37% management fee plus 0.17% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $44K in broker commissions, 0.0100% of average net assets, and portfolio turnover was 20%.
C000219386 Fees and Expenses
Annual operating expenses and sales charges of C000219386. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.37% |
| 12b-1 fee | — |
| Other expenses | 0.17% |
| Gross expense ratio | 0.54% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.49% |
| 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 |
C000219386 Costs Over Time
On $10,000 invested in C000219386, assuming 5% a year before costs, total costs come to $316 over 5 years, cutting the return by 0.52% 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 0.49%) | $51 | $161 | $281 |
| Trading costs (broker commissions) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $52 | $173 | $316 |
| Value after costs | $10,448 | $11,403 | $12,447 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
C000219386 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): 0.0100%
- Total broker commissions: $44K
- Bought from dealers (principal trades, not a cost): $91.2M
- Portfolio turnover (prospectus): 20%
- Securities on loan, average value: $390K
- Net income from securities lending: $1K (0.000% of average net assets)
C000219386 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $29K | 65.63% |
| VIRTU AMERICAS LLC | $14K | 32.25% |
| Citibank, National Association | $733 | 1.68% |
| MERRILL LYNCH INTERNATIONAL | $191 | 0.44% |
C000219386 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| The Northern Trust Company | $85.3M | 93.68% |
| JPMorgan Chase Bank, National Association | $2.5M | 2.79% |
| BMO Nesbitt Burns Inc. | $1.2M | 1.35% |
| MORGAN STANLEY & CO. LLC | $718K | 0.79% |
| Bank of Montreal | $660K | 0.72% |
| Nomura Securities International, Inc. | $193K | 0.21% |
| CITADEL ADVISORS LLC | $152K | 0.17% |
| GOLDMAN SACHS & CO. LLC | $120K | 0.13% |
| WELLS FARGO SECURITIES, LLC | $74K | 0.08% |
| Wells Fargo Bank, National Association | $69K | 0.08% |
U.S. Quality ESG Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000219387 | Class K | 0.39% | — |
| C000219386 | Class I | 0.49% | — |
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.