ALMMX Fees and Costs — AllianzGI Emerging Markets Small-Cap Fund, Class A
Data updated: 2020-12-09
The net expense ratio is 1.80%: a 1.20% management fee, a 0.25% 12b-1 fee plus 1.55% other expenses, less a 1.20% fee waiver. This share class carries a maximum front-end sales load of 5.50% and a deferred sales charge of up to 1.00%. In fiscal 2020 the fund paid $7K in broker commissions, 0.1030% of average net assets, and portfolio turnover was 73%.
ALMMX Fees and Expenses
Annual operating expenses and sales charges of ALMMX. Prospectus, as of September 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 1.20% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.55% |
| Gross expense ratio | 3.00% |
| Fee waiver | −1.20% |
| Net expense ratio | 1.80% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
ALMMX Costs Over Time
On $10,000 invested in ALMMX, assuming 5% a year before costs, total costs come to $1,807 over 5 years, cutting the return by 3.16% 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 |
| Sales charges | $647 | $550 | $550 |
| Fund expenses (net expense ratio 1.80%) | $179 | $552 | $948 |
| Trading costs (broker commissions) | $10 | $32 | $54 |
| Lost growth on money paid in costs | $27 | $116 | $254 |
| Total costs | $864 | $1,249 | $1,807 |
| Value after costs | $9,636 | $10,327 | $10,956 |
| Impact on return, per year | 8.64% | 3.92% | 3.16% |
ALMMX 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
ALMMX 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% |
ALMMX 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.