BLUEX Fees and Costs — AMG Veritas Global Real Return Fund, Class I
Data updated: 2026-08-28
The net expense ratio is 1.17%: a 0.88% management fee plus 0.36% other expenses, less a 0.08% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $28K in broker commissions, 0.0251% of average net assets, and portfolio turnover was 30%.
BLUEX Fees and Expenses
Annual operating expenses and sales charges of BLUEX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.88% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.36% |
| Gross expense ratio | 1.25% |
| Fee waiver | −0.08% |
| Net expense ratio | 1.17% |
| 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 |
BLUEX Costs Over Time
On $10,000 invested in BLUEX, assuming 5% a year before costs, total costs come to $745 over 5 years, cutting the return by 1.25% 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 1.17%) | $123 | $383 | $662 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $19 | $68 |
| Total costs | $125 | $410 | $745 |
| Value after costs | $10,375 | $11,166 | $12,018 |
| Impact on return, per year | 1.25% | 1.25% | 1.25% |
BLUEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0251%
- Total broker commissions: $28K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 30%
- Securities on loan, average value: $1.7M
- Net income from securities lending: $3K (0.002% of average net assets)
BLUEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Cowen and Company, LLC | $7K | 27.53% |
| UBS Securities LLC | $6K | 23.13% |
| J.P. Morgan Securities LLC | $5K | 18.89% |
| NORTHERN TRUST SECURITIES, INC. | $2K | 7.23% |
| BNP PARIBAS SECURITIES CORP. | $2K | 6.46% |
| CANTOR FITZGERALD & CO. | $2K | 6.05% |
| BMO CAPITAL MARKETS CORP. | $1K | 3.74% |
| GOLDMAN SACHS & CO. LLC | $815 | 3.05% |
| WILLIAM BLAIR & COMPANY, L.L.C. | $764 | 2.86% |
| JEFFERIES LLC | $282 | 1.05% |
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.