TCUUX Fees and Costs — Ultra-Short Duration Portfolio, TCU Shares
Data updated: 2023-04-25
The net expense ratio is 0.20%: a 0.08% management fee plus 0.12% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 193%.
TCUUX Fees and Expenses
Annual operating expenses and sales charges of TCUUX. Prospectus, as of December 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.08% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.12% |
| Gross expense ratio | 0.20% |
| Fee waiver | — |
| Net expense ratio | 0.20% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
TCUUX Costs Over Time
On $10,000 invested in TCUUX, assuming 5% a year before costs, total costs come to $127 over 5 years, cutting the return by 0.21% 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 0.20%) | $21 | $66 | $116 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $21 | $69 | $127 |
| Value after costs | $10,479 | $11,507 | $12,636 |
| Impact on return, per year | 0.21% | 0.21% | 0.21% |
TCUUX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $45.0B
- Portfolio turnover (prospectus): 193%
- Securities lending: none during the year
TCUUX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STONEX FINANCIAL INC. | $37.8B | 84.49% |
| AMHERST PIERPONT SECURITIES LLC | $2.8B | 6.33% |
| J.P. MORGAN SECURITIES LLC | $1.1B | 2.40% |
| RBC CAPITAL MARKETS, LLC | $960.0M | 2.15% |
| GOLDMAN SACHS & CO. LLC | $609.7M | 1.36% |
| CITIGROUP GLOBAL MARKETS INC. | $498.2M | 1.11% |
| MORGAN STANLEY & CO. LLC | $264.7M | 0.59% |
| CANTOR FITZGERALD & CO. | $252.0M | 0.56% |
| WELLS FARGO SECURITIES, LLC | $226.3M | 0.51% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $224.9M | 0.50% |
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.