AFFEX Fees and Costs — AMG Managers Fairpointe ESG Equity Fund, Class I
Data updated: 2020-03-27
The net expense ratio is 0.90%: a 0.70% management fee plus 0.94% other expenses, less a 0.74% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $8K in broker commissions, 0.0651% of average net assets, and portfolio turnover was 43%.
AFFEX Fees and Expenses
Annual operating expenses and sales charges of AFFEX. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.94% |
| Gross expense ratio | 1.64% |
| Fee waiver | −0.74% |
| Net expense ratio | 0.90% |
| 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 |
AFFEX Costs Over Time
On $10,000 invested in AFFEX, assuming 5% a year before costs, total costs come to $604 over 5 years, cutting the return by 1.01% 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 0.90%) | $94 | $295 | $512 |
| Trading costs (broker commissions) | $7 | $21 | $37 |
| Lost growth on money paid in costs | $0 | $16 | $55 |
| Total costs | $101 | $332 | $604 |
| Value after costs | $10,399 | $11,244 | $12,159 |
| Impact on return, per year | 1.01% | 1.01% | 1.01% |
AFFEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0651%
- Total broker commissions: $8K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 43%
- Securities lending: none during the year
AFFEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $7K | 90.54% |
| LOOP CAPITAL MARKETS LLC | $652 | 8.58% |
| GOLDMAN SACHS & CO. LLC | $42 | 0.55% |
| DEUTSCHE BANK SECURITIES INC. | $25 | 0.33% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.