AMJIX Fees and Costs — Multi-Asset Income Fund, I Class
Data updated: 2020-10-07
The net expense ratio is 0.68% (0.94% before fee waivers). There are no sales loads or redemption fees. In fiscal 2020 the fund paid $41K in broker commissions, 0.0752% of average net assets, and portfolio turnover was 213%.
AMJIX Fees and Expenses
Annual operating expenses and sales charges of AMJIX. Prospectus, as of November 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.94% |
| Fee waiver | −0.26% |
| Net expense ratio | 0.68% |
| 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 |
AMJIX Costs Over Time
On $10,000 invested in AMJIX, assuming 5% a year before costs, total costs come to $475 over 5 years, cutting the return by 0.79% 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 0.68%) | $71 | $223 | $388 |
| Trading costs (broker commissions) | $8 | $25 | $43 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $79 | $260 | $475 |
| Value after costs | $10,421 | $11,316 | $12,288 |
| Impact on return, per year | 0.79% | 0.79% | 0.79% |
AMJIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0752%
- Total broker commissions: $41K
- Bought from dealers (principal trades, not a cost): $138.6M
- Portfolio turnover (prospectus): 213%
- Securities lending: none during the year
AMJIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jane Street Group LLC | $11K | 28.47% |
| Sanford C. Bernstein | $6K | 15.33% |
| Credit Suisse First Boston Corp | $4K | 9.77% |
| Bank of America Merrill Lynch | $3K | 8.36% |
| Virtu Financial LLC | $3K | 8.09% |
| Morgan Stanley | $3K | 7.75% |
| J.P. Morgan Securities | $2K | 6.31% |
| Citadel Securities CSHC US LLC | $2K | 6.19% |
| Barclays Capital | $2K | 5.16% |
| Citigroup Capital Markets Inc | $2K | 4.56% |
AMJIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs | $50.9M | 38.64% |
| UBS Warburg | $18.6M | 14.08% |
| NT HIGH INCOME FUND | $13.8M | 10.43% |
| Bank of America Merrill Lynch | $11.4M | 8.64% |
| EMERGING MARKETS DEBT FUND | $8.9M | 6.75% |
| EQUITY INCOME FUND | $7.7M | 5.84% |
| J.P. Morgan Securities | $6.5M | 4.93% |
| Morgan Stanley | $5.9M | 4.46% |
| INTERNATIONAL VALUE FUND | $5.6M | 4.23% |
| Citigroup Capital Markets Inc | $2.6M | 2.00% |
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.