C000108309 Fees and Costs — AMG Managers Silvercrest Small Cap Fund, Class I
Data updated: 2021-09-24
The net expense ratio is 1.15%: a 0.90% management fee plus 0.31% other expenses, less a 0.06% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $163K in broker commissions, 0.0831% of average net assets, and portfolio turnover was 30%.
C000108309 Fees and Expenses
Annual operating expenses and sales charges of C000108309. Prospectus, as of January 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.31% |
| Gross expense ratio | 1.21% |
| Fee waiver | −0.06% |
| Net expense ratio | 1.15% |
| 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 |
C000108309 Costs Over Time
On $10,000 invested in C000108309, assuming 5% a year before costs, total costs come to $768 over 5 years, cutting the return by 1.29% 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 1.15%) | $121 | $376 | $650 |
| Trading costs (broker commissions) | $9 | $27 | $47 |
| Lost growth on money paid in costs | $0 | $20 | $71 |
| Total costs | $129 | $423 | $768 |
| Value after costs | $10,371 | $11,153 | $11,995 |
| Impact on return, per year | 1.29% | 1.29% | 1.29% |
C000108309 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0831%
- Total broker commissions: $163K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 30%
- Securities on loan, average value: $18.1M
- Net income from securities lending: $24K (0.012% of average net assets)
C000108309 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SG AMERICAS SECURITIES LLC | $98K | 69.63% |
| PIPER SANDLER & CO. | $10K | 7.01% |
| ROBERT W. BAIRD & CO. INC. | $9K | 6.04% |
| Raymond James & Associates, Inc. | $5K | 3.84% |
| JANNEY MONTGOMERY SCOTT LLC | $4K | 3.01% |
| KEYBANC CAPITAL MARKETS, INC. | $4K | 2.80% |
| CREDIT SUISSE SECURITIES (USA) LLC | $3K | 2.03% |
| OPPENHEIMER & CO. INC. | $3K | 2.02% |
| SIDOTI & COMPANY, LLC | $3K | 1.86% |
| WELLS FARGO SECURITIES, LLC | $2K | 1.76% |
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.