AIDDX Fees and Costs — International Bond Fund, R6 Class
Data updated: 2024-03-27
The net expense ratio is 0.55%: a 0.54% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $43K in broker commissions, 0.0067% of average net assets, and portfolio turnover was 63%.
AIDDX Fees and Expenses
Annual operating expenses and sales charges of AIDDX. Prospectus, as of February 28, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.54% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.55% |
| Fee waiver | — |
| Net expense ratio | 0.55% |
| 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 | No |
AIDDX Costs Over Time
On $10,000 invested in AIDDX, assuming 5% a year before costs, total costs come to $351 over 5 years, cutting the return by 0.58% 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 0.55%) | $58 | $181 | $315 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $58 | $192 | $351 |
| Value after costs | $10,442 | $11,384 | $12,411 |
| Impact on return, per year | 0.58% | 0.58% | 0.58% |
AIDDX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0067%
- Total broker commissions: $43K
- Bought from dealers (principal trades, not a cost): $12.1B
- Portfolio turnover (prospectus): 63%
- Securities lending: none during the year
AIDDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Bank of America Merrill Lynch | $43K | 100.00% |
AIDDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets | $4.3B | 37.70% |
| Bank of America Merrill Lynch | $1.8B | 16.00% |
| BMO Capital Markets | $1.2B | 10.00% |
| J.P. Morgan Securities | $1.1B | 9.91% |
| Goldman Sachs | $991.1M | 8.61% |
| Morgan Stanley | $872.6M | 7.58% |
| UBS Warburg | $624.5M | 5.43% |
| Citigroup Capital Markets Inc | $208.2M | 1.81% |
| Credit Lyonnais | $187.1M | 1.63% |
| HSBC Securities Incorporated | $153.6M | 1.33% |
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.