AGBAX Fees and Costs — Global Bond Fund, A Class
Data updated: 2026-09-29
The net expense ratio is 1.10%: a 0.83% management fee, a 0.25% 12b-1 fee plus 0.02% other expenses. This share class carries a maximum front-end sales load of 4.50%. In fiscal 2025 the fund paid $223K in broker commissions, 0.0075% of average net assets, and portfolio turnover was 145%.
AGBAX Fees and Expenses
Annual operating expenses and sales charges of AGBAX. Prospectus, as of March 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.83% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.02% |
| Gross expense ratio | 1.10% |
| Fee waiver | — |
| Net expense ratio | 1.10% |
| Sales charges | |
|---|---|
| Max front load | 4.50% |
| 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 | No |
AGBAX Costs Over Time
On $10,000 invested in AGBAX, assuming 5% a year before costs, total costs come to $1,234 over 5 years, cutting the return by 2.11% 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 | $450 | $450 | $450 |
| Fund expenses (net expense ratio 1.10%) | $110 | $344 | $595 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $22 | $88 | $185 |
| Total costs | $584 | $884 | $1,234 |
| Value after costs | $9,916 | $10,692 | $11,528 |
| Impact on return, per year | 5.84% | 2.74% | 2.11% |
AGBAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0075%
- Total broker commissions: $223K
- Bought from dealers (principal trades, not a cost): $5.17T
- Portfolio turnover (prospectus): 145%
- Securities lending: none during the year
AGBAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA MERRILL LYNCH | $208K | 93.08% |
| MORGAN STANLEY | $12K | 5.58% |
| JEFFERIES LLC | $3K | 1.24% |
| CITADEL SECURITIES CSHC US LLC | $231 | 0.10% |
AGBAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES | $13.6B | 28.33% |
| RBC CAPITAL MARKETS | $11.2B | 23.38% |
| BANK OF AMERICA MERRILL LYNCH | $4.9B | 10.13% |
| CITIGROUP CAPITAL MARKETS INC. | $4.3B | 8.88% |
| BANK OF NEW YORK | $4.3B | 8.88% |
| MORGAN STANLEY | $3.9B | 8.03% |
| BARCLAYS CAPITAL | $2.0B | 4.12% |
| STATE STREET GLOBAL MARKETS LLC | $1.4B | 2.88% |
| WELLS FARGO SECURITIES | $1.3B | 2.69% |
| UBS WARBURG | $1.3B | 2.68% |
Global Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| AGBGX | G Class | 0.02% | none |
| AGBDX | R6 Class | 0.60% | none |
| AGBNX | R5 Class | 0.65% | none |
| AGBWX | Y Class | 0.65% | none |
| AGBHX | I Class | 0.75% | none |
| AGBVX | Investor Class | 0.85% | none |
| AGBAX | A Class | 1.10% | 4.50% |
| AGBRX | R Class | 1.35% | none |
| AGBTX | C Class | 1.85% | none |
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.