ALAIX Fees and Costs — AllianzGI Emerging Markets Small-Cap Fund, Institutional Class
Data updated: 2020-12-09
The net expense ratio is 1.50%: a 1.20% management fee plus 1.64% other expenses, less a 1.34% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $7K in broker commissions, 0.1030% of average net assets, and portfolio turnover was 73%.
ALAIX Fees and Expenses
Annual operating expenses and sales charges of ALAIX. Prospectus, as of September 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 1.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.64% |
| Gross expense ratio | 2.84% |
| Fee waiver | −1.34% |
| Net expense ratio | 1.50% |
| 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 |
ALAIX Costs Over Time
On $10,000 invested in ALAIX, assuming 5% a year before costs, total costs come to $991 over 5 years, cutting the return by 1.68% 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 1.50%) | $158 | $488 | $842 |
| Trading costs (broker commissions) | $11 | $34 | $58 |
| Lost growth on money paid in costs | $0 | $26 | $91 |
| Total costs | $168 | $548 | $991 |
| Value after costs | $10,332 | $11,028 | $11,772 |
| Impact on return, per year | 1.68% | 1.68% | 1.68% |
ALAIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.1030%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $3.7M
- Portfolio turnover (prospectus): 73%
- Securities lending: none during the year
ALAIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $2K | 28.98% |
| Jefferies LLC | $846 | 12.96% |
| Mirae Asset Securities (USA) Inc. | $810 | 12.41% |
| Morgan Stanley & Co. LLC | $694 | 10.63% |
| Bofa Securities, Inc. | $538 | 8.24% |
| HSBC Securities (USA) Inc. | $535 | 8.19% |
| Citigroup Global Markets Inc. | $332 | 5.08% |
| Cowen and Company, LLC | $296 | 4.53% |
| Plural S.A. Banco Multiplo | $294 | 4.50% |
| Credit Suisse Securities (USA) LLC | $292 | 4.48% |
ALAIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $3.7M | 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.