AGIHX Fees and Costs — AllianzGI Global High Yield Fund, Institutional Class
Data updated: 2020-05-12
The net expense ratio is 0.70%: a 0.60% management fee plus 0.52% other expenses, less a 0.42% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 112%.
AGIHX Fees and Expenses
Annual operating expenses and sales charges of AGIHX. Prospectus, as of September 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.52% |
| Gross expense ratio | 1.12% |
| Fee waiver | −0.42% |
| Net expense ratio | 0.70% |
| 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 |
AGIHX Costs Over Time
On $10,000 invested in AGIHX, assuming 5% a year before costs, total costs come to $440 over 5 years, cutting the return by 0.73% 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 0.70%) | $74 | $230 | $400 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $74 | $241 | $440 |
| Value after costs | $10,426 | $11,335 | $12,322 |
| Impact on return, per year | 0.73% | 0.73% | 0.73% |
AGIHX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $144.9M
- Portfolio turnover (prospectus): 112%
- Securities lending: none during the year
AGIHX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $91.2M | 71.87% |
| Goldman Sachs & Co. LLC | $5.1M | 4.03% |
| Citigroup Global Markets Inc. | $4.9M | 3.89% |
| JPMorgan Chase & Co. | $4.4M | 3.49% |
| Credit Suisse Securities (USA) LLC | $4.2M | 3.30% |
| Barclays Capital Inc. | $4.0M | 3.13% |
| Wells Fargo Securities, LLC | $3.9M | 3.04% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $3.7M | 2.88% |
| Morgan Stanley & Co. LLC | $2.9M | 2.29% |
| UBS Securities LLC | $2.7M | 2.09% |
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.