AGFQX Fees and Costs — 361 Global Managed Futures Strategy Fund, Investor Class
Data updated: 2021-03-26
The net expense ratio is 2.11% (2.37% before fee waivers). There are no sales loads or redemption fees. In fiscal 2020 the fund paid $72K in broker commissions, 0.2389% of average net assets, and portfolio turnover was 0%.
AGFQX Fees and Expenses
Annual operating expenses and sales charges of AGFQX. Prospectus, as of February 28, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.84% |
| Gross expense ratio | 2.37% |
| Fee waiver | −0.26% |
| Net expense ratio | 2.11% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
AGFQX Costs Over Time
On $10,000 invested in AGFQX, assuming 5% a year before costs, total costs come to $1,430 over 5 years, cutting the return by 2.47% 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 2.11%) | $222 | $682 | $1,165 |
| Trading costs (broker commissions) | $25 | $77 | $132 |
| Lost growth on money paid in costs | $0 | $38 | $133 |
| Total costs | $247 | $797 | $1,430 |
| Value after costs | $10,253 | $10,780 | $11,333 |
| Impact on return, per year | 2.47% | 2.47% | 2.47% |
AGFQX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.2389%
- Total broker commissions: $72K
- Bought from dealers (principal trades, not a cost): $65.1M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
AGFQX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SOCIETE GENERALE | $64K | 88.75% |
| GOLDMAN SACHS & CO. LLC | $8K | 11.25% |
AGFQX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| SOCIETE GENERALE | $65.1M | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.