AGORX Fees and Costs — Focused Global Growth Fund, R Class
Data updated: 2026-07-29
The net expense ratio is 1.60%: a 1.09% management fee, a 0.50% 12b-1 fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $254K in broker commissions, 0.0397% of average net assets, and portfolio turnover was 68%.
AGORX Fees and Expenses
Annual operating expenses and sales charges of AGORX. Prospectus, as of April 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.09% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.01% |
| Gross expense ratio | 1.60% |
| Fee waiver | — |
| Net expense ratio | 1.60% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
AGORX Costs Over Time
On $10,000 invested in AGORX, assuming 5% a year before costs, total costs come to $1,013 over 5 years, cutting the return by 1.72% 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 1.60%) | $168 | $521 | $897 |
| Trading costs (broker commissions) | $4 | $13 | $22 |
| Lost growth on money paid in costs | $0 | $27 | $93 |
| Total costs | $172 | $560 | $1,013 |
| Value after costs | $10,328 | $11,016 | $11,750 |
| Impact on return, per year | 1.72% | 1.72% | 1.72% |
AGORX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0397%
- Total broker commissions: $254K
- Bought from dealers (principal trades, not a cost): $1.6B
- Portfolio turnover (prospectus): 68%
- Securities lending: none during the year
AGORX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES | $38K | 19.96% |
| BANK OF AMERICA MERRILL LYNCH | $30K | 15.36% |
| BERNSTEIN INSTITUTIONAL SERVICES | $29K | 14.88% |
| UBS WARBURG | $24K | 12.32% |
| JEFFERIES LLC | $16K | 8.54% |
| HSBC SECURITIES INCORPORATED | $15K | 7.79% |
| KEEFE BRUYETTE WOODS INC | $12K | 6.37% |
| LIQUIDNET | $11K | 5.52% |
| MORGAN STANLEY | $9K | 4.66% |
| REDBURN PARTNERS | $9K | 4.61% |
AGORX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STATE STREET GLOBAL MARKETS LLC | $1.2B | 75.16% |
| BMO CAPITAL MARKETS | $105.9M | 6.55% |
| J.P. MORGAN SECURITIES | $81.5M | 5.04% |
| UBS WARBURG | $63.9M | 3.95% |
| GOLDMAN SACHS | $57.8M | 3.57% |
| BANK OF AMERICA MERRILL LYNCH | $54.2M | 3.35% |
| MORGAN STANLEY | $20.7M | 1.28% |
| CITIGROUP CAPITAL MARKETS INC. | $17.9M | 1.11% |
Focused Global Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| AGGDX | R6 Class | 0.75% | none |
| AGYGX | Y Class | 0.75% | none |
| AGFGX | R5 Class | 0.90% | none |
| AGGIX | I Class | 0.90% | none |
| TWGGX | Investor Class | 1.10% | none |
| AGGRX | A Class | 1.35% | 5.75% |
| AGORX | R Class | 1.60% | none |
| AGLCX | C Class | 2.10% | none |
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.