ADZIX Fees and Costs — AMG Beutel Goodman Core Plus Bond Fund, Class Z
Data updated: 2025-09-29
The net expense ratio is 0.43%: a 0.23% management fee plus 0.32% other expenses, less a 0.12% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 83%.
ADZIX Fees and Expenses
Annual operating expenses and sales charges of ADZIX. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.23% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.32% |
| Gross expense ratio | 0.55% |
| Fee waiver | −0.12% |
| Net expense ratio | 0.43% |
| 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 |
ADZIX Costs Over Time
On $10,000 invested in ADZIX, assuming 5% a year before costs, total costs come to $272 over 5 years, cutting the return by 0.45% 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 0.43%) | $45 | $142 | $247 |
| Lost growth on money paid in costs | $0 | $7 | $25 |
| Total costs | $45 | $149 | $272 |
| Value after costs | $10,455 | $11,428 | $12,491 |
| Impact on return, per year | 0.45% | 0.45% | 0.45% |
ADZIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $410.0M
- Portfolio turnover (prospectus): 83%
- Securities on loan, average value: $1.8M
- Net income from securities lending: $6K (0.005% of average net assets)
ADZIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BMO CAPITAL MARKETS CORP. | $77.2M | 19.57% |
| TD SECURITIES (USA) LLC | $58.1M | 14.73% |
| RBC CAPITAL MARKETS, LLC | $49.4M | 12.52% |
| NBC Securities, Inc. | $46.0M | 11.66% |
| MARKETAXESS CORPORATION | $45.7M | 11.59% |
| CitiGroup Global Markets Inc. | $29.1M | 7.37% |
| MORGAN STANLEY & CO. LLC | $25.0M | 6.33% |
| Wells Fargo Securities LLC | $23.5M | 5.97% |
| Merrill Lynch Pierce Fenner & Smith Inc | $22.5M | 5.70% |
| GOLDMAN SACHS & CO. LLC | $18.0M | 4.56% |
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.