C000222085 Fees and Costs — Intermediate Municipal Income Portfolio, Class IS
Data updated: 2021-08-25
The net expense ratio is 0.40%: a 0.35% management fee plus 0.79% other expenses, less a 0.74% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 0%.
C000222085 Fees and Expenses
Annual operating expenses and sales charges of C000222085. Prospectus, as of January 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.79% |
| Gross expense ratio | 1.14% |
| Fee waiver | −0.74% |
| Net expense ratio | 0.40% |
| 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 |
C000222085 Costs Over Time
On $10,000 invested in C000222085, assuming 5% a year before costs, total costs come to $253 over 5 years, cutting the return by 0.42% 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 0.40%) | $42 | $132 | $230 |
| Lost growth on money paid in costs | $0 | $7 | $23 |
| Total costs | $42 | $138 | $253 |
| Value after costs | $10,458 | $11,438 | $12,510 |
| Impact on return, per year | 0.42% | 0.42% | 0.42% |
C000222085 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $4.4M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
C000222085 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| DEPFA First Albany Securities LLC | $975K | 22.19% |
| Citigroup Global Markets Inc. | $809K | 18.41% |
| BNY Mellon Capital Markets, LLC | $651K | 14.82% |
| Pershing LLC | $627K | 14.26% |
| RBC Capital Markets, LLC | $459K | 10.44% |
| Goldman Sachs & Co. LLC | $310K | 7.04% |
| Bofa Securities, Inc. | $302K | 6.88% |
| Barclays Capital Inc. | $262K | 5.96% |
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.