AGMQX Fees and Costs — 361 Macro Opportunity Fund, Investor Class
Data updated: 2020-01-14
The net expense ratio is 2.47% (3.52% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $43K in broker commissions, 0.4074% of average net assets, and portfolio turnover was 586%.
AGMQX Fees and Expenses
Annual operating expenses and sales charges of AGMQX. Prospectus, as of February 28, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.88% |
| Gross expense ratio | 3.52% |
| Fee waiver | −1.05% |
| Net expense ratio | 2.47% |
| 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 |
AGMQX Costs Over Time
On $10,000 invested in AGMQX, assuming 5% a year before costs, total costs come to $1,734 over 5 years, cutting the return by 3.02% 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 2.47%) | $259 | $794 | $1,349 |
| Trading costs (broker commissions) | $43 | $131 | $223 |
| Lost growth on money paid in costs | $0 | $46 | $162 |
| Total costs | $302 | $971 | $1,734 |
| Value after costs | $10,198 | $10,605 | $11,029 |
| Impact on return, per year | 3.02% | 3.02% | 3.02% |
AGMQX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.4074%
- Total broker commissions: $43K
- Bought from dealers (principal trades, not a cost): $511K
- Portfolio turnover (prospectus): 586%
- Securities lending: none during the year
AGMQX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| NEWEDGE FINANCIAL INC. | $25K | 58.83% |
| JONESTRADING INSTITUTIONAL SERVICES LLC | $15K | 34.50% |
| CRAIG-HALLUM CAPITAL GROUP LLC | $2K | 5.80% |
| Societe Generale Investment Corp | $374 | 0.87% |
AGMQX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| NEWEDGE FINANCIAL INC. | $511K | 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.