AXABX Fees and Costs — AllianzGI Best Styles International Equity Fund, Class A
Data updated: 2020-02-25
The net expense ratio is 0.70%: a 0.30% management fee, a 0.25% 12b-1 fee plus 1.07% other expenses, less a 0.92% 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 2019 the fund paid $11K in broker commissions, 0.0455% of average net assets, and portfolio turnover was 49%.
AXABX Fees and Expenses
Annual operating expenses and sales charges of AXABX. Prospectus, as of September 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.07% |
| Gross expense ratio | 1.62% |
| Fee waiver | −0.92% |
| Net expense ratio | 0.70% |
| 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 |
AXABX Costs Over Time
On $10,000 invested in AXABX, assuming 5% a year before costs, total costs come to $1,145 over 5 years, cutting the return by 1.96% 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 | $648 | $550 | $550 |
| Fund expenses (net expense ratio 0.70%) | $69 | $217 | $378 |
| Trading costs (broker commissions) | $5 | $14 | $25 |
| Lost growth on money paid in costs | $28 | $98 | $192 |
| Total costs | $750 | $880 | $1,145 |
| Value after costs | $9,750 | $10,697 | $11,618 |
| Impact on return, per year | 7.50% | 2.73% | 1.96% |
AXABX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0455%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $26.2M
- Portfolio turnover (prospectus): 49%
- Securities lending: none during the year
AXABX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $10K | 91.17% |
| Morgan Stanley & Co. LLC | $232 | 2.17% |
| Citigroup Global Markets Inc. | $168 | 1.57% |
| Mirae Asset Securities (USA) Inc. | $154 | 1.44% |
| JonesTrading Institutional Services LLC | $135 | 1.26% |
| JPMorgan Chase & Co. | $128 | 1.20% |
| Brasil Plural S.A. Banco Multiplo | $63 | 0.59% |
| Credit Suisse Securities (USA) LLC | $42 | 0.39% |
| Sanford C. Bernstein & Co., LLC | $22 | 0.21% |
AXABX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $25.9M | 98.96% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $272K | 1.04% |
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.