MXTQX Fees and Costs — Great-West T. Rowe Price Equity Income Fund, Class L
Data updated: 2019-11-22
The net expense ratio is 1.07%: a 0.47% management fee, a 0.25% 12b-1 fee plus 0.72% other expenses, less a 0.37% fee waiver. There are no sales loads or redemption fees. In fiscal 2018 the fund paid $3.8M in broker commissions, 0.4619% of average net assets, and portfolio turnover was 22%.
MXTQX Fees and Expenses
Annual operating expenses and sales charges of MXTQX. Prospectus, as of April 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.47% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.72% |
| Gross expense ratio | 1.44% |
| Fee waiver | −0.37% |
| Net expense ratio | 1.07% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
MXTQX Costs Over Time
On $10,000 invested in MXTQX, assuming 5% a year before costs, total costs come to $948 over 5 years, cutting the return by 1.61% 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 1.07%) | $112 | $349 | $601 |
| Trading costs (broker commissions) | $48 | $150 | $260 |
| Lost growth on money paid in costs | $0 | $25 | $87 |
| Total costs | $161 | $524 | $948 |
| Value after costs | $10,339 | $11,052 | $11,815 |
| Impact on return, per year | 1.61% | 1.61% | 1.61% |
MXTQX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2018.
- Explicit cost rate (commissions ÷ average net assets): 0.4619%
- Total broker commissions: $3.8M
- Bought from dealers (principal trades, not a cost): $10.9B
- Portfolio turnover (prospectus): 22%
- Securities on loan, average value: —
- Net income from securities lending: $94K (0.011% of average net assets)
MXTQX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ABEL NOSER, LLC | $509K | 20.19% |
| BARCLAYS CAPITAL INC | $463K | 18.37% |
| MORGAN STANLEY & CO LLC | $262K | 10.41% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC | $248K | 9.84% |
| UBS SECURITIES LLC | $217K | 8.62% |
| CITIGROUP GLOBAL MARKETS INC | $213K | 8.46% |
| GOLDMAN SACHS & CO | $189K | 7.50% |
| DEUTSCHE BANK SECURITIES INC | $164K | 6.49% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $136K | 5.42% |
| NATIONAL FINANCIAL SERVICES, LLC | $118K | 4.69% |
MXTQX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC | $1.1B | 15.69% |
| JP MORGAN SECURITIES LLC | $983.1M | 13.60% |
| NATIONAL FINANCIAL SERVICES, LLC | $902.8M | 12.49% |
| CITIGROUP GLOBAL MARKETS INC | $855.6M | 11.84% |
| GOLDMAN SACHS & CO | $746.4M | 10.33% |
| ABEL NOSER, LLC | $662.3M | 9.16% |
| BARCLAYS CAPITAL INC | $537.3M | 7.44% |
| MORGAN STANLEY & CO LLC | $485.4M | 6.72% |
| WELLS FARGO SECURITIES INC. | $460.9M | 6.38% |
| UBS SECURITIES LLC | $458.8M | 6.35% |
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.