C000220291 Fees and Costs — U.S. Sustainability Targeted Value Portfolio, Institutional Class Shares
Data updated: 2026-09-24
The net expense ratio is 0.33%: a 0.28% management fee plus 0.05% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $46K in broker commissions, 0.0095% of average net assets, and portfolio turnover was 20%.
C000220291 Fees and Expenses
Annual operating expenses and sales charges of C000220291. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.28% |
| 12b-1 fee | — |
| Other expenses | 0.05% |
| Gross expense ratio | 0.33% |
| Fee waiver | — |
| Net expense ratio | 0.33% |
| 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 |
C000220291 Costs Over Time
On $10,000 invested in C000220291, assuming 5% a year before costs, total costs come to $215 over 5 years, cutting the return by 0.36% 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 0.33%) | $35 | $109 | $190 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $6 | $20 |
| Total costs | $36 | $118 | $215 |
| Value after costs | $10,464 | $11,459 | $12,548 |
| Impact on return, per year | 0.36% | 0.36% | 0.36% |
C000220291 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0095%
- Total broker commissions: $46K
- Bought from dealers (principal trades, not a cost): $203.3M
- Portfolio turnover (prospectus): 20%
- Securities on loan, average value: $11.3M
- Net income from securities lending: $30K (0.006% of average net assets)
C000220291 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $12K | 24.95% |
| Nomura Securities International, Inc. | $10K | 22.35% |
| Goldman Sachs & Co. LLC | $6K | 13.96% |
| BofA Securities, Inc. | $6K | 13.41% |
| BNY Capital Markets, LLC | $6K | 12.63% |
| Citigroup Global Markets Inc. | $4K | 9.54% |
| Stifel, Nicolaus & Company, Incorporated | $726 | 1.57% |
| UBS Securities LLC | $699 | 1.51% |
| JonesTrading Institutional Services LLC | $36 | 0.08% |
C000220291 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $200.6M | 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.