SBBIX Fees and Costs — Schroder Total Return Fixed Income Fund, Investor Class
Data updated: 2020-06-25
The net expense ratio is 0.40%: a 0.25% management fee plus 0.81% other expenses, less a 0.66% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $2K in broker commissions, 0.0048% of average net assets, and portfolio turnover was 92%.
SBBIX Fees and Expenses
Annual operating expenses and sales charges of SBBIX. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.81% |
| Gross expense ratio | 1.06% |
| Fee waiver | −0.66% |
| Net expense ratio | 0.40% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
SBBIX Costs Over Time
On $10,000 invested in SBBIX, assuming 5% a year before costs, total costs come to $256 over 5 years, cutting the return by 0.43% 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 0.40%) | $42 | $132 | $230 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $7 | $23 |
| Total costs | $43 | $140 | $256 |
| Value after costs | $10,457 | $11,436 | $12,507 |
| Impact on return, per year | 0.43% | 0.43% | 0.43% |
SBBIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0048%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $76.0M
- Portfolio turnover (prospectus): 92%
- Securities lending: none during the year
SBBIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS | $2K | 81.42% |
| Deutsche Bank | $208 | 10.74% |
| Goldman Sachs | $103 | 5.34% |
| BNP Paribas | $48 | 2.51% |
SBBIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JP Morgan | $12.0M | 19.82% |
| Bank of America | $10.7M | 17.60% |
| Goldman Sachs | $6.7M | 11.12% |
| Barclays | $6.7M | 11.06% |
| HSBC | $6.1M | 10.13% |
| Morgan Stanley | $5.9M | 9.80% |
| Citigroup | $5.3M | 8.80% |
| Nomura Securities | $2.9M | 4.71% |
| Citadel Securities | $2.3M | 3.73% |
| Bank of Montreal | $2.0M | 3.23% |
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.