ALBPX Fees and Costs — AllianzGI Best Styles U.S. Equity Fund, Class P
Data updated: 2020-08-24
The net expense ratio is 0.50%: a 0.30% management fee plus 0.49% other expenses, less a 0.29% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $14K in broker commissions, 0.0153% of average net assets, and portfolio turnover was 33%.
ALBPX Fees and Expenses
Annual operating expenses and sales charges of ALBPX. Prospectus, as of September 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.49% |
| Gross expense ratio | 0.79% |
| Fee waiver | −0.29% |
| Net expense ratio | 0.50% |
| 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 |
ALBPX Costs Over Time
On $10,000 invested in ALBPX, assuming 5% a year before costs, total costs come to $325 over 5 years, cutting the return by 0.54% 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 0.50%) | $52 | $165 | $287 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $8 | $30 |
| Total costs | $54 | $178 | $325 |
| Value after costs | $10,446 | $11,398 | $12,437 |
| Impact on return, per year | 0.54% | 0.54% | 0.54% |
ALBPX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0153%
- Total broker commissions: $14K
- Bought from dealers (principal trades, not a cost): $203.0M
- Portfolio turnover (prospectus): 33%
- Securities lending: none during the year
ALBPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $8K | 60.85% |
| Jefferies LLC | $2K | 13.11% |
| UBS Securities LLC | $1K | 9.47% |
| Credit Suisse Securities (USA) LLC | $806 | 5.84% |
| Citigroup Global Markets Inc. | $744 | 5.39% |
| Goldman Sachs & Co. LLC | $410 | 2.97% |
| JPMorgan Chase & Co. | $225 | 1.63% |
| KeyBanc Capital Markets Inc. | $50 | 0.36% |
| RBC Capital Markets, LLC | $32 | 0.23% |
| Morgan Stanley & Co. LLC | $17 | 0.12% |
ALBPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $203.0M | 99.99% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $24K | 0.01% |
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.