TENIX Fees and Costs — Transamerica Event Driven, Class I
Data updated: 2021-09-27
The net expense ratio is 1.41%: a 1.20% management fee plus 0.34% other expenses, less a 0.13% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $38K in broker commissions, 0.0465% of average net assets, and portfolio turnover was 170%.
TENIX Fees and Expenses
Annual operating expenses and sales charges of TENIX. Prospectus, as of February 28, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 1.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.34% |
| Gross expense ratio | 1.54% |
| Fee waiver | −0.13% |
| Net expense ratio | 1.41% |
| 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 | Yes |
TENIX Costs Over Time
On $10,000 invested in TENIX, assuming 5% a year before costs, total costs come to $903 over 5 years, cutting the return by 1.53% 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 1.41%) | $148 | $460 | $793 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $0 | $24 | $83 |
| Total costs | $153 | $498 | $903 |
| Value after costs | $10,347 | $11,078 | $11,860 |
| Impact on return, per year | 1.53% | 1.53% | 1.53% |
TENIX 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): 0.0465%
- Total broker commissions: $38K
- Bought from dealers (principal trades, not a cost): $2.6B
- Portfolio turnover (prospectus): 170%
- Securities on loan, average value: $1.2M
- Net income from securities lending: $3K (0.004% of average net assets)
TENIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $23K | 60.56% |
| BofA Securities, Inc. | $13K | 33.85% |
| Goldman Sachs & Co. LLC | $2K | 4.29% |
| Jefferies LLC | $421 | 1.11% |
| Pershing LLC | $48 | 0.13% |
| Barclays Capital Inc. | $26 | 0.07% |
TENIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $2.2B | 85.14% |
| Citigroup Global Markets Inc. | $153.9M | 5.98% |
| BofA Securities, Inc. | $43.9M | 1.71% |
| J.P. Morgan Securities LLC | $42.3M | 1.64% |
| Morgan Stanley & Co. LLC | $31.4M | 1.22% |
| Jefferies LLC | $30.9M | 1.20% |
| Barclays Capital Inc. | $28.6M | 1.11% |
| Goldman Sachs & Co. LLC | $20.0M | 0.78% |
| Credit Suisse Securities (USA) LLC | $17.5M | 0.68% |
| Nomura Securities International, Inc. | $14.2M | 0.55% |
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.