IGTIX Fees and Costs — Transamerica Dynamic Income, Class I
Data updated: 2021-06-25
The net expense ratio is 1.09% (1.15% before fee waivers). There are no sales loads or redemption fees. In fiscal 2020 the fund paid $86K in broker commissions, 0.0610% of average net assets, and portfolio turnover was 38%.
IGTIX Fees and Expenses
Annual operating expenses and sales charges of IGTIX. Prospectus, as of February 28, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.23% |
| Gross expense ratio | 1.15% |
| Fee waiver | −0.06% |
| Net expense ratio | 1.09% |
| 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 |
IGTIX Costs Over Time
On $10,000 invested in IGTIX, assuming 5% a year before costs, total costs come to $718 over 5 years, cutting the return by 1.21% 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 1.09%) | $114 | $357 | $617 |
| Trading costs (broker commissions) | $6 | $20 | $35 |
| Lost growth on money paid in costs | $0 | $19 | $66 |
| Total costs | $121 | $395 | $718 |
| Value after costs | $10,379 | $11,181 | $12,045 |
| Impact on return, per year | 1.21% | 1.21% | 1.21% |
IGTIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0610%
- Total broker commissions: $86K
- Bought from dealers (principal trades, not a cost): $149.7M
- Portfolio turnover (prospectus): 38%
- Securities on loan, average value: $27.1M
- Net income from securities lending: $260K (0.183% of average net assets)
IGTIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $42K | 48.26% |
| BofA Securities, Inc. | $23K | 26.78% |
| Jane Street Execution Services, LLC | $15K | 17.19% |
| Knight Securities, Inc. | $5K | 5.91% |
| Susquehanna Financial Group, LLLP | $2K | 1.86% |
IGTIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $149.7M | 100.00% |
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.