AGFZX Fees and Costs — 361 Global Managed Futures Strategy Fund, Class I
Data updated: 2021-03-26
The net expense ratio is 2.08% (2.10% 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%.
AGFZX Fees and Expenses
Annual operating expenses and sales charges of AGFZX. Prospectus, as of February 28, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 1.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.52% |
| Gross expense ratio | 2.10% |
| Fee waiver | −0.02% |
| Net expense ratio | 2.08% |
| 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 |
AGFZX Costs Over Time
On $10,000 invested in AGFZX, assuming 5% a year before costs, total costs come to $1,413 over 5 years, cutting the return by 2.43% 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 2.08%) | $218 | $672 | $1,149 |
| Trading costs (broker commissions) | $25 | $77 | $132 |
| Lost growth on money paid in costs | $0 | $37 | $131 |
| Total costs | $243 | $787 | $1,413 |
| Value after costs | $10,257 | $10,789 | $11,350 |
| Impact on return, per year | 2.43% | 2.43% | 2.43% |
AGFZX 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
AGFZX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SOCIETE GENERALE | $64K | 88.75% |
| GOLDMAN SACHS & CO. LLC | $8K | 11.25% |
AGFZX 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.