ABTLX Fees and Costs — AllianzGI Best Styles U.S. Equity Fund, Institutional Class
Data updated: 2020-08-24
The net expense ratio is 0.40%: a 0.30% management fee plus 0.30% other expenses, less a 0.20% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $14K in broker commissions, 0.0153% of average net assets, and portfolio turnover was 33%.
ABTLX Fees and Expenses
Annual operating expenses and sales charges of ABTLX. Prospectus, as of September 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.30% |
| Gross expense ratio | 0.60% |
| Fee waiver | −0.20% |
| Net expense ratio | 0.40% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
ABTLX Costs Over Time
On $10,000 invested in ABTLX, assuming 5% a year before costs, total costs come to $263 over 5 years, cutting the return by 0.44% 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 |
| Fund expenses (net expense ratio 0.40%) | $42 | $132 | $230 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $7 | $24 |
| Total costs | $44 | $144 | $263 |
| Value after costs | $10,456 | $11,433 | $12,500 |
| Impact on return, per year | 0.44% | 0.44% | 0.44% |
ABTLX 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): 0.0153%
- Total broker commissions: $14K
- Bought from dealers (principal trades, not a cost): $203.0M
- Portfolio turnover (prospectus): 33%
- Securities lending: none during the year
ABTLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $8K | 60.85% |
| Jefferies LLC | $2K | 13.11% |
| UBS Securities LLC | $1K | 9.47% |
| Credit Suisse Securities (USA) LLC | $806 | 5.84% |
| Citigroup Global Markets Inc. | $744 | 5.39% |
| Goldman Sachs & Co. LLC | $410 | 2.97% |
| JPMorgan Chase & Co. | $225 | 1.63% |
| KeyBanc Capital Markets Inc. | $50 | 0.36% |
| RBC Capital Markets, LLC | $32 | 0.23% |
| Morgan Stanley & Co. LLC | $17 | 0.12% |
ABTLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $203.0M | 99.99% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $24K | 0.01% |
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.