Investment Operating Expenses
In our continuing effort to disclose all investment related expenses assessed against investment returns, this table provides a summary of the estimated operating expenses for each investment in Savings Plus' current lineup. Estimated total operating expenses are netted out of the performance of the portfolio.
Estimated Total Operating Expenses as of June 30, 2021.
|Small-Cap Stock||Management Fees1||Expense Reimbursement2||Total Operating Expenses|
|Small Cap Fund||0.34%||0.05%||0.39%|
|Small Cap Index Fund||0.02%||0.05%||0.07%|
|International3||Management Fees||Expense Reimbursement||Total Operating Expenses|
|International Index Fund||0.05%||0.05%||0.10%|
|Mid-Cap Stock||Management Fees||Expense Reimbursement||Total Operating Expenses|
|Mid Cap Fund||0.38%||0.05%||0.43%|
|Mid Cap Index Fund||0.03%||0.05%||0.08%|
|Large-Cap Stock||Management Fees||Expense Reimbursement||Total Operating Expenses|
|Large Cap Fund||0.23%||0.05%||0.28%|
|Large Cap Index Fund||0.01%||0.05%||0.06%|
|Balanced||Management Fees||Expense Reimbursement||Total Operating Expenses|
|Socially Responsible Fund||0.32%||0.05%||0.37%|
|Diversified Real Return||Management Fees||Expense Reimbursement||Total Operating Expenses|
|Diversified Real Return Fund||0.41%||0.05%||0.46%|
|Bond||Management Fees||Expense Reimbursement||Total Operating Expenses|
|Bond Index Fund||0.03%||0.05%||0.08%|
|Short Term Investment||Management Fees||Expense Reimbursement||Total Operating Expenses|
|Short Term Investment Fund||0.08%||0.05%||0.13%|
|Short Term Investment Fund - Cash4||0.09%||0.02%||0.11%|
|Target Date Funds3||Management Fees||Expense Reimbursement||Total Operating Expenses|
|Target Date Fund - 2065||0.22%||0.05%||0.27%|
|Target Date Fund - 2060||0.23%||0.05%||0.28%|
|Target Date Fund - 2055||0.23%||0.05%||0.28%|
|Target Date Fund - 2050||0.23%||0.05%||0.28%|
|Target Date Fund - 2045||0.21%||0.05%||0.26%|
|Target Date Fund - 2040||0.19%||0.05%||0.24%|
|Target Date Fund - 2035||0.17%||0.05%||0.22%|
|Target Date Fund - 2030||0.15%||0.05%||0.20%|
|Target Date Fund - 2025||0.13%||0.05%||0.18%|
|Target Date Fund - 2020||0.11%||0.05%||0.16%|
|Target Date Fund - Income||0.11%||0.05%||0.16%|
1 Management Fees vary by investment option and include the cost of administering the investment options. They may include investment management fees, 12(b)-1 fees, custodial fees, trading fees and fund accounting fees. 12(b)-1 fees are extra fees charged by some mutual funds to cover promotion, distributions, marketing expenses, and sometimes commissions to brokers.
Investment management fees are typically fees paid directly to the Investment Manager to manage the assets of their respective fund. Custodial fees are assessed by the fund custodian to hold securities in safekeeping for an investor. Fund accounting fees are assessed by the trustee/custodian to cover the cost of calculating daily prices/unit values of the fund. These fees are included in the Fund Fact Sheets and are netted against fund performance.
2 Expense Reimbursement represents a portion of the fund’s total expense ratio paid to Savings Plus to help offset administrative expenses.
3 Redemption Fees may apply to these funds. See the Transfer Restrictions and Redemptions Fees document and the Fund Fact Sheets for more information.
4 A shareholder reimbursement of approximately 2.85 basis points (0.0285%) is paid to Savings Plus from the Government Money Market fund providers’ Management Fee. This shareholder reimbursement plus the Expense Reimbursement of 2.15 basis points (0.0215%) equals five basis points (0.05%), which is equitable to the expense reimbursement of the other Savings Plus investment options.
Remember, the retirement income from your Savings Plus account is directly related to how much you contribute, how your contributions are invested, and the performance of your investments, net of all fees. Savings Plus offers investment products that are competitively priced when compared to many other investment products. Low investment fees continue to keep more of your retirement money working for you in your portfolio.
View our administrative fees.
Fund Fact Sheets are available to you.
Before investing in a fund, carefully consider its investment objectives, risks, and charges and expenses. The Lipper Fund Fact Sheet contains this and other important information. Read it carefully before investing.