SDBNX Fees and Costs — Schroder Short Duration Bond Fund, Investor Class
Data updated: 2020-01-14
The net expense ratio is 0.47%: a 0.25% management fee plus 1.91% other expenses, less a 1.69% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $348 in broker commissions, 0.0022% of average net assets, and portfolio turnover was 100%.
SDBNX Fees and Expenses
Annual operating expenses and sales charges of SDBNX. Prospectus, as of February 28, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.91% |
| Gross expense ratio | 2.16% |
| Fee waiver | −1.69% |
| Net expense ratio | 0.47% |
| 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 |
SDBNX Costs Over Time
On $10,000 invested in SDBNX, assuming 5% a year before costs, total costs come to $298 over 5 years, cutting the return by 0.50% 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 0.47%) | $49 | $155 | $270 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $8 | $27 |
| Total costs | $50 | $163 | $298 |
| Value after costs | $10,450 | $11,413 | $12,464 |
| Impact on return, per year | 0.50% | 0.50% | 0.50% |
SDBNX 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): 0.0022%
- Total broker commissions: $348
- Bought from dealers (principal trades, not a cost): $42.5M
- Portfolio turnover (prospectus): 100%
- Securities lending: none during the year
SDBNX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS | $206 | 59.20% |
| Deutsche Bank | $71 | 20.40% |
| BNP Paribas | $48 | 13.79% |
| Goldman Sachs | $23 | 6.61% |
SDBNX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Bank of America | $11.8M | 33.20% |
| Goldman Sachs | $4.4M | 12.50% |
| Nomura Securities | $3.5M | 9.99% |
| Barclays Capital | $3.2M | 9.12% |
| Deutsche Bank | $2.8M | 7.79% |
| JP Morgan | $2.5M | 7.09% |
| Bank of Montreal | $2.0M | 5.76% |
| Citigroup | $1.9M | 5.32% |
| Morgan Stanley | $1.8M | 5.19% |
| Wells Fargo | $1.4M | 4.04% |
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.