AGPIX Fees and Costs — AGF Global Sustainable Equity Fund, Class I
Data updated: 2024-05-23
The net expense ratio is 0.80%: a 0.65% management fee plus 15.04% other expenses, less a 14.89% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $4K in broker commissions, 0.1255% of average net assets, and portfolio turnover was 50%.
AGPIX Fees and Expenses
Annual operating expenses and sales charges of AGPIX. Prospectus, as of October 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 15.04% |
| Gross expense ratio | 15.69% |
| Fee waiver | −14.89% |
| 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 |
AGPIX Costs Over Time
On $10,000 invested in AGPIX, assuming 5% a year before costs, total costs come to $580 over 5 years, cutting the return by 0.97% 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 | $262 | $455 |
| Trading costs (broker commissions) | $13 | $41 | $71 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $97 | $318 | $580 |
| Value after costs | $10,403 | $11,258 | $12,183 |
| Impact on return, per year | 0.97% | 0.97% | 0.97% |
AGPIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.1255%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 50%
- Securities lending: none during the year
AGPIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $663 | 24.74% |
| Credit Suisse Securities (USA) LLC | $511 | 19.08% |
| J.P. Morgan Securities LLC | $470 | 17.52% |
| Carnegie, Inc. | $251 | 9.38% |
| Berenberg Capital Markets LLC | $217 | 8.11% |
| Citigroup Global Markets Inc. | $116 | 4.34% |
| Jefferies LLC | $116 | 4.33% |
| Pershing LLC | $114 | 4.24% |
| RBC Capital Markets, LLC | $113 | 4.20% |
| Sanford C. Bernstein & Co., LLC | $109 | 4.06% |
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.