C000222861 Fees and Costs — Securian AM Real Asset Income Fund, Institutional Class Shares
Data updated: 2022-07-27
The net expense ratio is 0.96%: a 0.75% management fee plus 0.40% other expenses, less a 0.20% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $64K in broker commissions, 0.0872% of average net assets, and portfolio turnover was 44%.
C000222861 Fees and Expenses
Annual operating expenses and sales charges of C000222861. Prospectus, as of December 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | — |
| Other expenses | 0.40% |
| Gross expense ratio | 1.16% |
| Fee waiver | −0.20% |
| Net expense ratio | 0.96% |
| 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 |
C000222861 Costs Over Time
On $10,000 invested in C000222861, assuming 5% a year before costs, total costs come to $654 over 5 years, cutting the return by 1.10% 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 0.96%) | $101 | $314 | $545 |
| Trading costs (broker commissions) | $9 | $29 | $49 |
| Lost growth on money paid in costs | $0 | $17 | $60 |
| Total costs | $110 | $360 | $654 |
| Value after costs | $10,390 | $11,216 | $12,108 |
| Impact on return, per year | 1.10% | 1.10% | 1.10% |
C000222861 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0872%
- Total broker commissions: $64K
- Bought from dealers (principal trades, not a cost): $4.3M
- Portfolio turnover (prospectus): 44%
- Securities lending: none during the year
C000222861 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL INC. | $7K | 16.43% |
| MORGAN STANLEY | $6K | 15.03% |
| WELLS FARGO CLEARING SERVICES, LLC | $5K | 11.53% |
| BANC OF AMERICA SECURITIES LLC | $4K | 9.14% |
| INSTINET, LLC | $3K | 8.71% |
| RAYMOND JAMES (USA) LTD. | $3K | 8.62% |
| KEYBANC CAPITAL MARKETS INC. | $3K | 8.30% |
| INTERNATIONAL STRATEGY & INVESTMENT GROUP LLC | $3K | 7.75% |
| CITIGROUP GLOBAL MARKETS INC. | $3K | 7.74% |
| UBS SECURITIES LLC | $3K | 6.76% |
C000222861 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BANC OF AMERICA SECURITIES LLC | $1.3M | 31.60% |
| WELLS FARGO CLEARING SERVICES, LLC | $988K | 23.20% |
| J.P. MORGAN SECURITIES LLC | $587K | 13.79% |
| RAYMOND JAMES (USA) LTD. | $372K | 8.75% |
| MORGAN STANLEY | $360K | 8.46% |
| CITIGROUP GLOBAL MARKETS INC. | $302K | 7.09% |
| BARCLAYS CAPITAL INC. | $237K | 5.57% |
| BMO CAPITAL MARKETS CORP. | $60K | 1.42% |
| CAPITAL ONE SECURITIES, INC. | $5K | 0.13% |
| INSTINET, LLC | $27 | 0.00% |
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.