C000027426 Fees and Costs — AMG Managers CenterSquare Real Estate Fund, Class N
Data updated: 2022-03-16
The net expense ratio is 1.12%: a 0.60% management fee plus 0.55% other expenses, less a 0.03% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $179K in broker commissions, 0.0889% of average net assets, and portfolio turnover was 131%.
C000027426 Fees and Expenses
Annual operating expenses and sales charges of C000027426. Prospectus, as of April 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.55% |
| Gross expense ratio | 1.15% |
| Fee waiver | −0.03% |
| Net expense ratio | 1.12% |
| 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 |
C000027426 Costs Over Time
On $10,000 invested in C000027426, assuming 5% a year before costs, total costs come to $753 over 5 years, cutting the return by 1.27% 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 1.12%) | $118 | $366 | $634 |
| Trading costs (broker commissions) | $9 | $29 | $50 |
| Lost growth on money paid in costs | $0 | $20 | $69 |
| Total costs | $127 | $415 | $753 |
| Value after costs | $10,373 | $11,161 | $12,010 |
| Impact on return, per year | 1.27% | 1.27% | 1.27% |
C000027426 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0889%
- Total broker commissions: $179K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 131%
- Securities lending: none during the year
C000027426 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| LIQUIDNET, INC. | $28K | 18.81% |
| J.P. Morgan Securities LLC | $25K | 16.51% |
| MORGAN STANLEY & CO. LLC | $21K | 13.91% |
| WELLS FARGO SECURITIES, LLC | $17K | 11.54% |
| Merrill Lynch Pierce Fenner & Smith Inc | $15K | 9.78% |
| CITIGROUP GLOBAL MARKETS INC. | $14K | 9.27% |
| GOLDMAN SACHS & CO. LLC | $11K | 7.06% |
| JEFFERIES LLC | $8K | 5.25% |
| EVERCORE GROUP L.L.C. | $6K | 4.01% |
| STIFEL NICHOLAS & CO., INC. | $6K | 3.88% |
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.