AAWVX Fees and Costs — Mid Cap Diverse Leadership Fund, A Shares
Data updated: 2023-07-25
The net expense ratio is 1.06%: a 0.55% management fee, a 0.25% 12b-1 fee plus 5.41% other expenses, less a 5.15% fee waiver. This share class carries a maximum front-end sales load of 2.00% and a deferred sales charge of up to 1.00%. In fiscal 2022 the fund paid $5K in broker commissions, 0.1503% of average net assets, and portfolio turnover was 171%.
AAWVX Fees and Expenses
Annual operating expenses and sales charges of AAWVX. Prospectus, as of November 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.25% |
| Other expenses | 5.41% |
| Gross expense ratio | 6.21% |
| Fee waiver | −5.15% |
| Net expense ratio | 1.06% |
| Sales charges | |
|---|---|
| Max front load | 2.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
AAWVX Costs Over Time
On $10,000 invested in AAWVX, assuming 5% a year before costs, total costs come to $994 over 5 years, cutting the return by 1.69% 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 |
| Sales charges | $302 | $200 | $200 |
| Fund expenses (net expense ratio 1.06%) | $109 | $340 | $588 |
| Trading costs (broker commissions) | $15 | $48 | $83 |
| Lost growth on money paid in costs | $10 | $51 | $123 |
| Total costs | $436 | $638 | $994 |
| Value after costs | $10,064 | $10,938 | $11,769 |
| Impact on return, per year | 4.36% | 1.97% | 1.69% |
AAWVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.1503%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $9.3M
- Portfolio turnover (prospectus): 171%
- Securities lending: none during the year
AAWVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Capital Institutional Services Inc | $3K | 56.57% |
| Virtu ITG LLC | $1K | 24.16% |
| SunTrust Robinson Humphrey | $290 | 6.42% |
| Robert W. Baird & Co. Incorporated | $245 | 5.43% |
| Morgan Stanley & Co. LLC | $154 | 3.41% |
| Wells Fargo Securities, LLC | $65 | 1.44% |
| Jefferies LLC | $58 | 1.28% |
| UBS Securities LLC | $38 | 0.83% |
| Raymond James & Associates, Inc. | $11 | 0.24% |
| Credit Suisse Securities (USA) LLC | $10 | 0.21% |
AAWVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOK Financial Securities, Inc. | $9.3M | 100.00% |
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.