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<blockquote data-quote="Catatonic" data-source="post: 1259905" data-attributes="member: 7966"><p><span style="color: #000066">A Basis Point is 1/100 of a percent BTW. i.e. .20% is 20 Basis Points.</span></p><p><span style="color: #000066"></span></p><p><span style="color: #000066">See below for the typical gobbledegook: (Note: The highlighting and bolding were added by me).</span></p><p>BNY Mellon charges Investment Fees and Custody Fees to the Plan and its participants in connection with the fund's investment in the underlying collective investment trust managed by BNY Mellon, although the fees and expenses of the underlying BNY Mellon collective investment trust have been voluntarily capped by BNY Mellon at 0.02%. Custody Fees are calculated by BNY Mellon and prorated across all investment funds. Custody Fees may be fixed or variable, and can vary by changes in fund assets and activity. Those fees may be expressed in basis point charges or dollar amount charges. Total fees and expenses are translated into basis points for each fund. The fixed costs amount to an annualized rate of <span style="color: #ff0000">0.25 basis point</span>, while the variable costs are calculated and charged in arrears and are estimated to be an additional annualized amount of 0.03 - 0.05 basis points. Along with Investment Fees, the Custody Fees are accrued and assessed daily against each fund's unit value, and are reflected in the total return performance information presented herein. <strong><span style="color: #ff0000">There may be additional Plan fees and expenses that participants will bear that are not reflected in fund performance.</span></strong></p><p></p><p><span style="color: #000066">The link below will take you to a pdf that talks about the Teamsters BH 2030 fund:</span></p><p><span style="color: #ff0000"><span style="color: #4d4dff"><a href="https://www.retirement.prudential.com/RSO/web/fundsheets/UPSB30.pdf" target="_blank">https://www.retirement.prudential.com/RSO/web/fundsheets/UPSB30.pdf</a></span></span></p></blockquote><p></p>
[QUOTE="Catatonic, post: 1259905, member: 7966"] [COLOR=#000066]A Basis Point is 1/100 of a percent BTW. i.e. .20% is 20 Basis Points. See below for the typical gobbledegook: (Note: The highlighting and bolding were added by me).[/COLOR] BNY Mellon charges Investment Fees and Custody Fees to the Plan and its participants in connection with the fund's investment in the underlying collective investment trust managed by BNY Mellon, although the fees and expenses of the underlying BNY Mellon collective investment trust have been voluntarily capped by BNY Mellon at 0.02%. Custody Fees are calculated by BNY Mellon and prorated across all investment funds. Custody Fees may be fixed or variable, and can vary by changes in fund assets and activity. Those fees may be expressed in basis point charges or dollar amount charges. Total fees and expenses are translated into basis points for each fund. The fixed costs amount to an annualized rate of [COLOR=#ff0000]0.25 basis point[/COLOR], while the variable costs are calculated and charged in arrears and are estimated to be an additional annualized amount of 0.03 - 0.05 basis points. Along with Investment Fees, the Custody Fees are accrued and assessed daily against each fund's unit value, and are reflected in the total return performance information presented herein. [B][COLOR=#ff0000]There may be additional Plan fees and expenses that participants will bear that are not reflected in fund performance.[/COLOR][/B] [COLOR=#000000][/COLOR] [COLOR=#000066]The link below will take you to a pdf that talks about the Teamsters BH 2030 fund:[/COLOR] [COLOR=#ff0000][COLOR=#4d4dff][url]https://www.retirement.prudential.com/RSO/web/fundsheets/UPSB30.pdf[/url][/COLOR][/COLOR] [/QUOTE]
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