AVRIX Fees and Costs — AllianzGI Multi Asset Income Fund, Class R6
Data updated: 2020-12-09
The net expense ratio is 0.55% (0.63% before fee waivers). There are no sales loads or redemption fees. In fiscal 2020 the fund paid $43K in broker commissions, 0.1029% of average net assets, and portfolio turnover was 277%.
AVRIX Fees and Expenses
Annual operating expenses and sales charges of AVRIX. Prospectus, as of September 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.05% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.05% |
| Gross expense ratio | 0.63% |
| Fee waiver | −0.08% |
| Net expense ratio | 0.55% |
| 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 |
AVRIX Costs Over Time
On $10,000 invested in AVRIX, assuming 5% a year before costs, total costs come to $411 over 5 years, cutting the return by 0.69% 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 0.55%) | $58 | $181 | $315 |
| Trading costs (broker commissions) | $11 | $34 | $59 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $69 | $225 | $411 |
| Value after costs | $10,431 | $11,351 | $12,352 |
| Impact on return, per year | 0.69% | 0.69% | 0.69% |
AVRIX 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): 0.1029%
- Total broker commissions: $43K
- Bought from dealers (principal trades, not a cost): $850.1M
- Portfolio turnover (prospectus): 277%
- Securities lending: none during the year
AVRIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Instinet, LLC | $24K | 57.00% |
| Goldman Sachs & Co. LLC | $9K | 20.95% |
| Jefferies LLC | $3K | 6.79% |
| Morgan Stanley & Co. LLC | $3K | 6.62% |
| J.P. Morgan Securities LLC | $1K | 2.52% |
| Bofa Securities, Inc. | $739 | 1.75% |
| Citigroup Global Markets Inc. | $632 | 1.50% |
| RBC Capital Markets, LLC | $569 | 1.35% |
| Credit Suisse Securities (USA) LLC | $385 | 0.91% |
| BMO Capital Markets Corp. | $255 | 0.61% |
AVRIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $651.3M | 76.61% |
| Euroclear Bank | $96.6M | 11.37% |
| Jane Street Execution Services, LLC | $30.1M | 3.54% |
| Citadel Securities LLC | $29.4M | 3.46% |
| Bofa Securities, Inc. | $12.9M | 1.52% |
| Flow Traders N.V. | $12.9M | 1.52% |
| Western International Securities, INC. | $7.9M | 0.93% |
| Virtu Itg LLC | $4.6M | 0.54% |
| Guardian Capital LP | $4.3M | 0.51% |
| Goldman Sachs & Co. LLC | $105 | 0.00% |
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.