NDRUX Fees and Costs — VanEck NDR Managed Allocation Fund, Class I
Data updated: 2022-03-16
The net expense ratio is 1.01% (1.67% before fee waivers). There are no sales loads or redemption fees. In fiscal 2021 the fund paid $7K in broker commissions, 0.0196% of average net assets, and portfolio turnover was 164%.
NDRUX Fees and Expenses
Annual operating expenses and sales charges of NDRUX. Prospectus, as of April 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.71% |
| Gross expense ratio | 1.67% |
| Fee waiver | −0.66% |
| Net expense ratio | 1.01% |
| 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 | No |
NDRUX Costs Over Time
On $10,000 invested in NDRUX, assuming 5% a year before costs, total costs come to $644 over 5 years, cutting the return by 1.08% 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 1.01%) | $106 | $331 | $573 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $108 | $354 | $644 |
| Value after costs | $10,392 | $11,222 | $12,119 |
| Impact on return, per year | 1.08% | 1.08% | 1.08% |
NDRUX 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)
NDRUX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $6K | 92.17% |
| Credit Suisse Securities (USA) LLC | $550 | 7.83% |
NDRUX 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.