NDRMX Fees and Costs — VanEck NDR Managed Allocation Fund, Class A
Data updated: 2022-03-16
The net expense ratio is 1.31% (2.02% before fee waivers). This share class carries a maximum front-end sales load of 5.75%. In fiscal 2021 the fund paid $7K in broker commissions, 0.0196% of average net assets, and portfolio turnover was 164%.
NDRMX Fees and Expenses
Annual operating expenses and sales charges of NDRMX. Prospectus, as of April 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.81% |
| Gross expense ratio | 2.02% |
| Fee waiver | −0.71% |
| Net expense ratio | 1.31% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| 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 | No |
NDRMX Costs Over Time
On $10,000 invested in NDRMX, assuming 5% a year before costs, total costs come to $1,513 over 5 years, cutting the return by 2.62% 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 |
| Sales charges | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.31%) | $130 | $403 | $697 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $29 | $111 | $230 |
| Total costs | $735 | $1,095 | $1,513 |
| Value after costs | $9,765 | $10,481 | $11,250 |
| Impact on return, per year | 7.35% | 3.42% | 2.62% |
NDRMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0196%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $17.1M
- Portfolio turnover (prospectus): 164%
- Securities on loan, average value: $7.7M
- Net income from securities lending: $52K (0.145% of average net assets)
NDRMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $6K | 92.17% |
| Credit Suisse Securities (USA) LLC | $550 | 7.83% |
NDRMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $17.1M | 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.