AGBFX Fees and Costs — AllianzGI Green Bond Fund, Class A
Data updated: 2020-12-09
The net expense ratio is 0.75%: a 0.40% management fee, a 0.25% 12b-1 fee plus 3.51% other expenses, less a 3.41% fee waiver. This share class carries a maximum front-end sales load of 3.75% and a deferred sales charge of up to 1.00%. In fiscal 2020 the fund paid $1K in broker commissions, 0.0038% of average net assets, and portfolio turnover was 121%.
AGBFX Fees and Expenses
Annual operating expenses and sales charges of AGBFX. Prospectus, as of September 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.25% |
| Other expenses | 3.51% |
| Gross expense ratio | 4.16% |
| Fee waiver | −3.41% |
| Net expense ratio | 0.75% |
| Sales charges | |
|---|---|
| Max front load | 3.75% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
AGBFX Costs Over Time
On $10,000 invested in AGBFX, assuming 5% a year before costs, total costs come to $935 over 5 years, cutting the return by 1.59% 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 | $475 | $375 | $375 |
| Fund expenses (net expense ratio 0.75%) | $76 | $237 | $412 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $19 | $71 | $145 |
| Total costs | $570 | $684 | $935 |
| Value after costs | $9,930 | $10,892 | $11,828 |
| Impact on return, per year | 5.70% | 2.11% | 1.59% |
AGBFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0038%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $308.1M
- Portfolio turnover (prospectus): 121%
- Securities lending: none during the year
AGBFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $1K | 100.00% |
AGBFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $236.4M | 87.26% |
| Citigroup Global Markets Inc. | $5.0M | 1.83% |
| Deutsche Bank Securities Inc. | $4.8M | 1.77% |
| Bofa Securities, Inc. | $3.9M | 1.44% |
| BNP Paribas Securities Corp. | $3.9M | 1.42% |
| Barclays Capital Inc. | $3.7M | 1.38% |
| HSBC Securities (USA) Inc. | $3.6M | 1.32% |
| J.P. Morgan Securities LLC | $3.6M | 1.32% |
| Credit Agricole Securities (USA) Inc. | $3.2M | 1.18% |
| UBS Securities LLC | $2.9M | 1.08% |
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.