AGERX Fees and Costs — AllianzGI Best Styles Global Equity Fund, Class R6
Data updated: 2020-12-09
The net expense ratio is 0.40%: a 0.30% management fee plus 0.10% other expenses. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $167K in broker commissions, 0.0953% of average net assets, and portfolio turnover was 33%.
AGERX Fees and Expenses
Annual operating expenses and sales charges of AGERX. Prospectus, as of September 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 0.40% |
| Fee waiver | — |
| Net expense ratio | 0.40% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 | Yes |
AGERX Costs Over Time
On $10,000 invested in AGERX, assuming 5% a year before costs, total costs come to $313 over 5 years, cutting the return by 0.52% 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 0.40%) | $42 | $132 | $230 |
| Trading costs (broker commissions) | $10 | $31 | $55 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $52 | $171 | $313 |
| Value after costs | $10,448 | $11,405 | $12,450 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
AGERX 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): 0.0953%
- Total broker commissions: $167K
- Bought from dealers (principal trades, not a cost): $406.3M
- Portfolio turnover (prospectus): 33%
- Securities lending: none during the year
AGERX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $118K | 71.01% |
| Citigroup Global Markets Inc. | $25K | 14.85% |
| J.P. Morgan Securities LLC | $9K | 5.27% |
| Bofa Securities, Inc. | $6K | 3.84% |
| Mirae Asset Securities (USA) Inc. | $3K | 1.93% |
| UBS Securities LLC | $2K | 0.97% |
| Plural S.A. Banco Multiplo | $2K | 0.94% |
| Credit Suisse Securities (USA) LLC | $1K | 0.74% |
| Larrainvial Securities US LLC | $471 | 0.28% |
| Sanford C. Bernstein & Co., LLC | $272 | 0.16% |
AGERX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $406.2M | 99.98% |
| Bofa Securities, Inc. | $100K | 0.02% |
| UBS Securities LLC | $1K | 0.00% |
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.