ASIDX Fees and Costs — Multi-Asset Real Return Fund, A Class
Data updated: 2020-11-24
The net expense ratio is 1.18%. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2020 the fund paid $4K in broker commissions, 0.0401% of average net assets, and portfolio turnover was 241%.
ASIDX Fees and Expenses
Annual operating expenses and sales charges of ASIDX. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.88% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.01% |
| Gross expense ratio | 1.18% |
| Fee waiver | — |
| Net expense ratio | 1.18% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
ASIDX Costs Over Time
On $10,000 invested in ASIDX, assuming 5% a year before costs, total costs come to $1,450 over 5 years, cutting the return by 2.50% 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 | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.18%) | $117 | $364 | $629 |
| Trading costs (broker commissions) | $4 | $12 | $21 |
| Lost growth on money paid in costs | $29 | $109 | $225 |
| Total costs | $724 | $1,060 | $1,450 |
| Value after costs | $9,776 | $10,516 | $11,313 |
| Impact on return, per year | 7.24% | 3.31% | 2.50% |
ASIDX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0401%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $96.9M
- Portfolio turnover (prospectus): 241%
- Securities on loan, average value: $41K
- Net income from securities lending: $387 (0.004% of average net assets)
ASIDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley | $544 | 14.82% |
| Citigroup Capital Markets Inc | $525 | 14.31% |
| Credit Suisse First Boston Corp | $381 | 10.38% |
| UBS Warburg | $374 | 10.19% |
| Barclays Capital | $363 | 9.90% |
| Bank of America Merrill Lynch | $361 | 9.84% |
| Goldman Sachs | $330 | 9.00% |
| J.P. Morgan Securities | $320 | 8.71% |
| Sanford C. Bernstein | $311 | 8.47% |
| Jefferies LLC | $161 | 4.38% |
ASIDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs | $46.3M | 48.17% |
| UBS Warburg | $20.8M | 21.67% |
| Bank of America Merrill Lynch | $10.5M | 10.98% |
| Morgan Stanley | $7.3M | 7.63% |
| J.P. Morgan Securities | $5.4M | 5.61% |
| Credit Suisse First Boston Corp | $3.6M | 3.80% |
| Barclays Capital | $778K | 0.81% |
| Citigroup Capital Markets Inc | $539K | 0.56% |
| Royal Bank of Scotland | $523K | 0.54% |
| Wells Fargo Securities | $212K | 0.22% |
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.