APINX Fees and Costs — AMG Beutel Goodman International Equity Fund, Class N
Data updated: 2024-09-27
The net expense ratio is 1.16%: a 0.54% management fee, a 0.25% 12b-1 fee plus 1.13% other expenses, less a 0.76% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $12K in broker commissions, 0.0911% of average net assets, and portfolio turnover was 8%.
APINX Fees and Expenses
Annual operating expenses and sales charges of APINX. Prospectus, as of February 29, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.54% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.13% |
| Gross expense ratio | 1.92% |
| Fee waiver | −0.76% |
| Net expense ratio | 1.16% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
APINX Costs Over Time
On $10,000 invested in APINX, assuming 5% a year before costs, total costs come to $779 over 5 years, cutting the return by 1.31% 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 1.16%) | $122 | $379 | $656 |
| Trading costs (broker commissions) | $10 | $30 | $51 |
| Lost growth on money paid in costs | $0 | $20 | $72 |
| Total costs | $131 | $429 | $779 |
| Value after costs | $10,369 | $11,147 | $11,984 |
| Impact on return, per year | 1.31% | 1.31% | 1.31% |
APINX 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): 0.0911%
- Total broker commissions: $12K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 8%
- Securities on loan, average value: $143K
- Net income from securities lending: $647 (0.005% of average net assets)
APINX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL MARKETS, LLC | $5K | 42.13% |
| UBS Securities LLC | $2K | 19.05% |
| Merrill Lynch Pierce Fenner & Smith Inc | $2K | 18.71% |
| BNP Paribas Securities Corp. | $670 | 5.56% |
| MIZUHO SECURITIES (USA) INC. | $545 | 4.52% |
| ODDO BHF | $410 | 3.41% |
| PERSHING LLC | $400 | 3.32% |
| CitiGroup Global Markets Inc. | $168 | 1.39% |
| JEFFERIES LLC | $123 | 1.02% |
| DNB MARKETS, INC. | $107 | 0.88% |
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.