AGMZX Fees and Costs — 361 Macro Opportunity Fund, Class I
Data updated: 2020-01-14
The net expense ratio is 2.22% (3.27% 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%.
AGMZX Fees and Expenses
Annual operating expenses and sales charges of AGMZX. Prospectus, as of February 28, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.88% |
| Gross expense ratio | 3.27% |
| Fee waiver | −1.05% |
| Net expense ratio | 2.22% |
| 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 |
AGMZX Costs Over Time
On $10,000 invested in AGMZX, assuming 5% a year before costs, total costs come to $1,591 over 5 years, cutting the return by 2.76% 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 2.22%) | $233 | $715 | $1,219 |
| Trading costs (broker commissions) | $43 | $131 | $224 |
| Lost growth on money paid in costs | $0 | $42 | $148 |
| Total costs | $276 | $889 | $1,591 |
| Value after costs | $10,224 | $10,688 | $11,172 |
| Impact on return, per year | 2.76% | 2.76% | 2.76% |
AGMZX 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
AGMZX 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% |
AGMZX 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.