AZUIX Fees and Costs — AllianzGI U.S. Equity Hedged Fund, Institutional Class
Data updated: 2021-02-01
The net expense ratio is 0.89%: a 0.85% management fee plus 0.57% other expenses, less a 0.53% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $164 in broker commissions, 0.0072% of average net assets, and portfolio turnover was 13%.
AZUIX Fees and Expenses
Annual operating expenses and sales charges of AZUIX. Prospectus, as of January 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.57% |
| Gross expense ratio | 1.42% |
| Fee waiver | −0.53% |
| Net expense ratio | 0.89% |
| 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 |
AZUIX Costs Over Time
On $10,000 invested in AZUIX, assuming 5% a year before costs, total costs come to $562 over 5 years, cutting the return by 0.94% 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 0.89%) | $93 | $292 | $507 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $15 | $52 |
| Total costs | $94 | $309 | $562 |
| Value after costs | $10,406 | $11,267 | $12,200 |
| Impact on return, per year | 0.94% | 0.94% | 0.94% |
AZUIX 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): 0.0072%
- Total broker commissions: $164
- Bought from dealers (principal trades, not a cost): $35K
- Portfolio turnover (prospectus): 13%
- Securities lending: none during the year
AZUIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $106 | 64.44% |
| Instinet, LLC | $26 | 16.02% |
| Morgan Stanley & Co. LLC | $18 | 10.97% |
| Barclays Capital Inc. | $8 | 4.91% |
| JPMorgan Chase & Co. | $4 | 2.44% |
| Jane Street Financial Limited | $2 | 1.22% |
AZUIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citadel Securities LLC | $15K | 42.10% |
| The Northern Trust Company | $12K | 33.18% |
| Jane Street Execution Services, LLC | $9K | 24.71% |
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.