C000222857 Fees and Costs — Securian AM Balanced Stabilization Fund, Institutional Class Shares
Data updated: 2023-01-30
The net expense ratio is 1.01% (1.03% before fee waivers). There are no sales loads or redemption fees. In fiscal 2022 the fund paid $5K in broker commissions, 0.0064% of average net assets, and portfolio turnover was 10%.
C000222857 Fees and Expenses
Annual operating expenses and sales charges of C000222857. Prospectus, as of December 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | — |
| Other expenses | 0.27% |
| Gross expense ratio | 1.03% |
| Fee waiver | −0.02% |
| Net expense ratio | 1.01% |
| 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 | Yes |
C000222857 Costs Over Time
On $10,000 invested in C000222857, assuming 5% a year before costs, total costs come to $636 over 5 years, cutting the return by 1.07% 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 1.01%) | $106 | $331 | $574 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $16 | $58 |
| Total costs | $107 | $349 | $636 |
| Value after costs | $10,393 | $11,227 | $12,127 |
| Impact on return, per year | 1.07% | 1.07% | 1.07% |
C000222857 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0064%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $11.2M
- Portfolio turnover (prospectus): 10%
- Securities lending: none during the year
C000222857 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $5K | 97.51% |
| BLOOMBERG TRADEBOOK LLC | $116 | 2.49% |
C000222857 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $3.7M | 38.26% |
| GOLDMAN SACHS & CO. LLC | $2.2M | 22.75% |
| CITIGROUP GLOBAL MARKETS INC. | $746K | 7.63% |
| MORGAN STANLEY | $656K | 6.72% |
| KEYBANC CAPITAL MARKETS INC. | $507K | 5.19% |
| RBC CAPITAL MARKETS, LLC | $500K | 5.12% |
| MUFG SECURITIES AMERICAS INC. | $494K | 5.06% |
| BARCLAYS CAPITAL INC. | $402K | 4.12% |
| DEUTSCHE BANK SECURITIES INC. | $253K | 2.59% |
| SG AMERICAS SECURITIES, LLC | $251K | 2.57% |
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.