ABSCX Fees and Costs — AllianzGI Retirement 2020 Fund, Class C
Data updated: 2020-08-24
The net expense ratio is 1.70% (1.91% before fee waivers). This share class carries a deferred sales charge of up to 1.00%. In fiscal 2019 the fund paid $1K in broker commissions, 0.0045% of average net assets, and portfolio turnover was 28%.
ABSCX Fees and Expenses
Annual operating expenses and sales charges of ABSCX. Prospectus, as of September 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.05% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.30% |
| Gross expense ratio | 1.91% |
| Fee waiver | −0.21% |
| Net expense ratio | 1.70% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 | Yes |
ABSCX Costs Over Time
On $10,000 invested in ABSCX, assuming 5% a year before costs, total costs come to $1,051 over 5 years, cutting the return by 1.79% 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 | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.70%) | $178 | $553 | $952 |
| Trading costs (broker commissions) | $0 | $1 | $3 |
| Lost growth on money paid in costs | $0 | $28 | $97 |
| Total costs | $282 | $582 | $1,051 |
| Value after costs | $10,218 | $10,994 | $11,712 |
| Impact on return, per year | 2.82% | 1.79% | 1.79% |
ABSCX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0045%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $139.7M
- Portfolio turnover (prospectus): 28%
- Securities lending: none during the year
ABSCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $1K | 82.10% |
| Barclays Capital Inc. | $147 | 10.89% |
| Instinet, LLC | $64 | 4.77% |
| Knight Capital Americas, L.P. | $30 | 2.24% |
ABSCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $132.8M | 95.06% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $3.1M | 2.19% |
| Jane Street Execution Services, LLC | $1.9M | 1.33% |
| Goldman Sachs & Co. LLC | $997K | 0.71% |
| JPMorgan Chase & Co. | $497K | 0.36% |
| Citigroup Global Markets Inc. | $497K | 0.36% |
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.