STWLX Fees and Costs — Schroder Long Duration Investment-Grade Fund, Investor Class
Data updated: 2021-09-29
The net expense ratio is 0.32%: a 0.25% management fee plus 0.42% other expenses, less a 0.35% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 125%.
STWLX Fees and Expenses
Annual operating expenses and sales charges of STWLX. Prospectus, as of February 28, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | — |
| Other expenses | 0.42% |
| Gross expense ratio | 0.67% |
| Fee waiver | −0.35% |
| Net expense ratio | 0.32% |
| 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 |
STWLX Costs Over Time
On $10,000 invested in STWLX, assuming 5% a year before costs, total costs come to $203 over 5 years, cutting the return by 0.34% 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 0.32%) | $34 | $106 | $184 |
| Lost growth on money paid in costs | $0 | $5 | $18 |
| Total costs | $34 | $111 | $203 |
| Value after costs | $10,466 | $11,465 | $12,560 |
| Impact on return, per year | 0.34% | 0.34% | 0.34% |
STWLX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $317.4M
- Portfolio turnover (prospectus): 125%
- Securities lending: none during the year
STWLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs | $71.5M | 24.51% |
| Bank of America | $48.5M | 16.61% |
| JP Morgan | $40.6M | 13.91% |
| Citigroup | $38.5M | 13.18% |
| Morgan Stanley | $30.3M | 10.37% |
| Barclays | $26.9M | 9.24% |
| Wells Fargo | $13.0M | 4.46% |
| Deutsche Bank | $11.5M | 3.95% |
| Credit Suisse | $6.1M | 2.10% |
| Nomura Securities | $4.9M | 1.67% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.