NDRYX Fees and Costs — VanEck NDR Managed Allocation Fund, Class Y
Data updated: 2022-03-16
The net expense ratio is 1.06% (1.83% 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%.
NDRYX Fees and Expenses
Annual operating expenses and sales charges of NDRYX. Prospectus, as of April 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.87% |
| Gross expense ratio | 1.83% |
| Fee waiver | −0.77% |
| Net expense ratio | 1.06% |
| 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 |
NDRYX Costs Over Time
On $10,000 invested in NDRYX, assuming 5% a year before costs, total costs come to $674 over 5 years, cutting the return by 1.13% 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 1.06%) | $111 | $347 | $601 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $18 | $62 |
| Total costs | $113 | $371 | $674 |
| Value after costs | $10,387 | $11,205 | $12,089 |
| Impact on return, per year | 1.13% | 1.13% | 1.13% |
NDRYX 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)
NDRYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $6K | 92.17% |
| Credit Suisse Securities (USA) LLC | $550 | 7.83% |
NDRYX 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.