Fees and Expenses
The following table provides fees and expenses for each Learning Quest Advisor portfolio available for investors using advisors. Select the fee or expense name at the top of each column for a description. Additional fee information is listed following the table.
See the Learning Quest Advisor Handbook for more detail about sales charges. Investing through an advisor may result in additional fees, please contact your financial advisor for more information.
|Learning Quest Advisor Portfolios||Underlying
A1 For purposes of this table, underlying fund expenses are calculated using the expense ratio of each fund, taking into account any applicable reductions due to fee waivers. Expense ratios are determined from the underlying fund's most recent shareholder report. Such expense ratios are then multiplied by the portfolio's expected underlying holdings as of July 22, 2016. The actual underlying fund expenses of a portfolio may vary from those shown in this table.
Underlying Fund Expenses
Each Learning Quest Advisor portfolio realizes its pro-rata share (weighted average) of the fees and expenses of the underlying funds in which it invests. The amount of the underlying fund expense charged to a portfolio is based on the amount of each fund held and the expense ratio of that fund. In the case of portfolios that have only one underlying fund, the expense realized is the annual operating expense of the one underlying fund.
Program Management Fee
The program management fee is charged to a portfolio for expenses incurred, including the administration and management of the program. The fee is currently at an annual rate of 0.20%, and is charged against the assets of all the portfolios except the Learning Quest Advisor Money Market Portfolio.
Total Portfolio Fee
The total portfolio fee may be higher or lower depending on the amount of the underlying funds held by each portfolio and the actual expenses of those funds. The investment return of each portfolio will be net of the underlying fund expenses and the program management fee (if applicable), as described above.
Additional Fees & Information
A returned investment fee may be automatically deducted from your account each time one of the following occurs:
- An investment has a stop payment placed on it.
- A check or electronic transfer is drawn on insufficient funds.
- A check has irregularities including, but not limited to, a questionable signature.
The program manager reserves the right to charge fees for special services required for any Account Owner.
The program administrator reserves the right to change fees at any time. We will notify all account owners of fee changes in a timely manner.