ADHIX Fees and Costs — Aegon Short Duration High Yield Fund, Institutional Shares
Data updated: 2020-05-28
The net expense ratio is 0.70%: a 0.55% management fee plus 0.76% other expenses, less a 0.61% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $29 in broker commissions, 0.0001% of average net assets, and portfolio turnover was 11%.
ADHIX Fees and Expenses
Annual operating expenses and sales charges of ADHIX. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.76% |
| Gross expense ratio | 1.31% |
| Fee waiver | −0.61% |
| Net expense ratio | 0.70% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
ADHIX Costs Over Time
On $10,000 invested in ADHIX, assuming 5% a year before costs, total costs come to $441 over 5 years, cutting the return by 0.74% 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 0.70%) | $74 | $230 | $400 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $74 | $241 | $441 |
| Value after costs | $10,426 | $11,335 | $12,322 |
| Impact on return, per year | 0.74% | 0.74% | 0.74% |
ADHIX 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): 0.0001%
- Total broker commissions: $29
- Bought from dealers (principal trades, not a cost): $21.0M
- Portfolio turnover (prospectus): 11%
- Securities lending: none during the year
ADHIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN, SACHS & CO | $29 | 100.00% |
ADHIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH | $18.3M | 86.91% |
| MORGAN STANLEY & CO, INC | $432K | 2.06% |
| WELLS FARGO SECURITIES | $428K | 2.04% |
| WACHOVIA SECURITIES, INC. | $368K | 1.75% |
| JPM CHASE | $334K | 1.59% |
| BARCLAYS CAPITAL (DMA) | $321K | 1.53% |
| COWEN | $259K | 1.23% |
| ROBERT W. BAIRD & COMPANY | $208K | 0.99% |
| GOLDMAN, SACHS & CO. | $201K | 0.96% |
| ITG | $199K | 0.95% |
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.