AGQIX Fees and Costs — AGF Emerging Markets Equity Fund, Class I
Data updated: 2024-05-23
The net expense ratio is 0.95%: a 0.80% management fee plus 57.51% other expenses, less a 57.36% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $747 in broker commissions, 0.1107% of average net assets, and portfolio turnover was 45%.
AGQIX Fees and Expenses
Annual operating expenses and sales charges of AGQIX. Prospectus, as of October 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 57.51% |
| Gross expense ratio | 58.31% |
| Fee waiver | −57.36% |
| Net expense ratio | 0.95% |
| 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 |
AGQIX Costs Over Time
On $10,000 invested in AGQIX, assuming 5% a year before costs, total costs come to $663 over 5 years, cutting the return by 1.11% 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 0.95%) | $100 | $311 | $539 |
| Trading costs (broker commissions) | $12 | $36 | $63 |
| Lost growth on money paid in costs | $0 | $17 | $61 |
| Total costs | $111 | $364 | $663 |
| Value after costs | $10,389 | $11,212 | $12,100 |
| Impact on return, per year | 1.11% | 1.11% | 1.11% |
AGQIX 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): 0.1107%
- Total broker commissions: $747
- Bought from dealers (principal trades, not a cost): $37K
- Portfolio turnover (prospectus): 45%
- Securities lending: none during the year
AGQIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $116 | 19.98% |
| Morgan Stanley & Co. LLC | $103 | 17.68% |
| UBS Securities LLC | $74 | 12.73% |
| Citigroup Global Markets Inc. | $69 | 11.83% |
| HSBC Securities (USA) Inc. | $61 | 10.42% |
| Macquarie Capital (USA) Inc. | $50 | 8.53% |
| Sanford C. Bernstein & Co., LLC | $31 | 5.26% |
| ITAU Unibanco S.A. | $30 | 5.22% |
| Jefferies LLC | $27 | 4.62% |
| Kotak Securities Limited | $22 | 3.74% |
AGQIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $34K | 91.08% |
| J.P. Morgan Securities LLC | $2K | 6.42% |
| Morgan Stanley & Co. LLC | $927 | 2.50% |
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.