VSDIX Fees and Costs — Securian AM Real Asset Income Fund, Institutional Class
Data updated: 2021-01-13
The net expense ratio is 0.77% (1.04% before fee waivers). There are no sales loads or redemption fees. In fiscal 2020 the fund paid $87K in broker commissions, 0.1185% of average net assets, and portfolio turnover was 46%.
VSDIX Fees and Expenses
Annual operating expenses and sales charges of VSDIX. Prospectus, as of August 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.27% |
| Gross expense ratio | 1.04% |
| Fee waiver | −0.27% |
| Net expense ratio | 0.77% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 | Yes |
VSDIX Costs Over Time
On $10,000 invested in VSDIX, assuming 5% a year before costs, total costs come to $557 over 5 years, cutting the return by 0.93% 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 0.77%) | $81 | $253 | $438 |
| Trading costs (broker commissions) | $12 | $39 | $67 |
| Lost growth on money paid in costs | $0 | $14 | $51 |
| Total costs | $93 | $306 | $557 |
| Value after costs | $10,407 | $11,270 | $12,206 |
| Impact on return, per year | 0.93% | 0.93% | 0.93% |
VSDIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.1185%
- Total broker commissions: $87K
- Bought from dealers (principal trades, not a cost): $2.3M
- Portfolio turnover (prospectus): 46%
- Securities lending: none during the year
VSDIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO SECURITIES, LLC | $9K | 15.73% |
| USCA SECURITIES LLC | $7K | 11.46% |
| MORGAN STANLEY & CO. LLC | $6K | 10.95% |
| EVERCORE GROUP L.L.C. | $6K | 10.71% |
| BARCLAYS CAPITAL INC. | $6K | 10.14% |
| CITIGROUP GLOBAL MARKETS INC. | $6K | 10.05% |
| MERRILL LYNCH PROFESSIONAL CLEARING CORP. | $5K | 9.11% |
| GUGGENHEIM SECURITIES, LLC | $5K | 7.80% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $4K | 7.21% |
| KEYBANC CAPITAL MARKETS INC. | $4K | 6.85% |
VSDIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RAYMOND JAMES & ASSOCIATES, INC. | $676K | 29.47% |
| MORGAN STANLEY & CO. LLC | $578K | 25.19% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | $550K | 23.99% |
| WELLS FARGO SECURITIES, LLC | $298K | 12.98% |
| PIPER JAFFRAY & CO. | $124K | 5.41% |
| GOLDMAN SACHS & CO. LLC | $68K | 2.96% |
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.