C000225138 Fees and Costs — Global Impact Fund, Investor Class
Data updated: 2023-03-13
The net expense ratio is 1.21%: a 0.63% management fee plus 0.57% other expenses. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $21K in broker commissions, 0.0155% of average net assets, and portfolio turnover was 56%.
C000225138 Fees and Expenses
Annual operating expenses and sales charges of C000225138. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.63% |
| 12b-1 fee | — |
| Other expenses | 0.57% |
| Gross expense ratio | 1.21% |
| Fee waiver | — |
| Net expense ratio | 1.21% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000225138 Costs Over Time
On $10,000 invested in C000225138, assuming 5% a year before costs, total costs come to $763 over 5 years, cutting the return by 1.29% 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 1.21%) | $127 | $395 | $684 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $20 | $70 |
| Total costs | $129 | $420 | $763 |
| Value after costs | $10,371 | $11,156 | $12,000 |
| Impact on return, per year | 1.29% | 1.29% | 1.29% |
C000225138 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0155%
- Total broker commissions: $21K
- Bought from dealers (principal trades, not a cost): $120.2M
- Portfolio turnover (prospectus): 56%
- Securities on loan, average value: $1.3M
- Net income from securities lending: $3K (0.002% of average net assets)
C000225138 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL INC | $4K | 20.99% |
| GOLDMAN SACHS & CO. LLC | $4K | 20.65% |
| Citibank, National Association | $3K | 15.52% |
| CITIBANK EUROPE PLC, GERMANY BRANCH | $2K | 13.57% |
| CITIGROUP GLOBAL MARKETS LIMITED | $1K | 7.82% |
| BOFA SECURITIES INC. | $981 | 5.67% |
| MERRILL LYNCH INTERNATIONAL LTD | $969 | 5.60% |
| JEFFERIES LLC | $785 | 4.54% |
| UBS AG | $494 | 2.86% |
| Mizuho Securities Co., Ltd. | $482 | 2.78% |
C000225138 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS AG | $18.1M | 24.03% |
| BOFA SECURITIES INC. | $14.1M | 18.62% |
| WELLS FARGO SECURITIES, LLC | $7.1M | 9.37% |
| J.P. MORGAN SECURITIES LLC | $7.0M | 9.33% |
| JEFFERIES LLC | $6.8M | 9.00% |
| MORGAN STANLEY & CO. LLC | $6.7M | 8.92% |
| CastleOak Securities, L.P. | $5.9M | 7.79% |
| Citigroup Global Markets Europe AG | $5.0M | 6.65% |
| Citibank, National Association | $4.7M | 6.29% |
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.