C000222089 Fees and Costs — Municipal Income Portfolio, Class C
Data updated: 2021-08-25
The net expense ratio is 1.65%: a 0.45% management fee, a 1.00% 12b-1 fee plus 0.96% other expenses, less a 0.76% fee waiver. This share class carries a deferred sales charge of up to 1.00%. Portfolio turnover was 0%.
C000222089 Fees and Expenses
Annual operating expenses and sales charges of C000222089. Prospectus, as of January 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.96% |
| Gross expense ratio | 2.41% |
| Fee waiver | −0.76% |
| Net expense ratio | 1.65% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000222089 Costs Over Time
On $10,000 invested in C000222089, assuming 5% a year before costs, total costs come to $1,019 over 5 years, cutting the return by 1.73% 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 |
| Sales charges | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.65%) | $173 | $537 | $925 |
| Lost growth on money paid in costs | $0 | $27 | $94 |
| Total costs | $277 | $564 | $1,019 |
| Value after costs | $10,223 | $11,013 | $11,744 |
| Impact on return, per year | 2.77% | 1.73% | 1.73% |
C000222089 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): $3.6M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
C000222089 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| DEPFA First Albany Securities LLC | $940K | 26.41% |
| Citigroup Global Markets Inc. | $859K | 24.13% |
| RBC Capital Markets, LLC | $598K | 16.81% |
| BNY Mellon Capital Markets, LLC | $336K | 9.44% |
| UBS Securities LLC | $315K | 8.86% |
| Barclays Capital Inc. | $262K | 7.36% |
| Pershing LLC | $249K | 7.00% |
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.