AGMIX Fees and Costs — AllianzGI Emerging Markets SRI Debt Fund, Institutional Class
Data updated: 2020-08-24
The net expense ratio is 0.80%: a 0.60% management fee plus 1.16% other expenses, less a 0.96% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 176%.
AGMIX Fees and Expenses
Annual operating expenses and sales charges of AGMIX. Prospectus, as of September 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.16% |
| Gross expense ratio | 1.76% |
| Fee waiver | −0.96% |
| Net expense ratio | 0.80% |
| 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 |
AGMIX Costs Over Time
On $10,000 invested in AGMIX, assuming 5% a year before costs, total costs come to $502 over 5 years, cutting the return by 0.84% 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 0.80%) | $84 | $263 | $456 |
| Lost growth on money paid in costs | $0 | $13 | $46 |
| Total costs | $84 | $276 | $502 |
| Value after costs | $10,416 | $11,301 | $12,260 |
| Impact on return, per year | 0.84% | 0.84% | 0.84% |
AGMIX 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): $401.6M
- Portfolio turnover (prospectus): 176%
- Securities lending: none during the year
AGMIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $336.7M | 87.28% |
| Citigroup Global Markets Inc. | $10.3M | 2.66% |
| Jefferies LLC | $6.4M | 1.66% |
| Barclays Capital Inc. | $6.3M | 1.63% |
| JPMorgan Chase & Co. | $5.7M | 1.47% |
| Morgan Stanley & Co. LLC | $5.4M | 1.40% |
| Deutsche Bank Securities Inc. | $5.2M | 1.36% |
| Goldman Sachs & Co. LLC | $3.9M | 1.01% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $3.5M | 0.90% |
| HSBC Securities (USA) Inc. | $2.4M | 0.63% |
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.