C000138294 Fees and Costs — AMG SouthernSun U.S. Equity Fund, Class I
Data updated: 2021-02-24
The net expense ratio is 1.09%: a 0.75% management fee plus 0.37% other expenses, less a 0.03% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $58K in broker commissions, 0.0998% of average net assets, and portfolio turnover was 11%.
C000138294 Fees and Expenses
Annual operating expenses and sales charges of C000138294. Prospectus, as of January 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.37% |
| Gross expense ratio | 1.12% |
| Fee waiver | −0.03% |
| Net expense ratio | 1.09% |
| 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 |
C000138294 Costs Over Time
On $10,000 invested in C000138294, assuming 5% a year before costs, total costs come to $741 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 1.09%) | $114 | $356 | $617 |
| Trading costs (broker commissions) | $10 | $33 | $56 |
| Lost growth on money paid in costs | $0 | $19 | $68 |
| Total costs | $125 | $408 | $741 |
| Value after costs | $10,375 | $11,168 | $12,021 |
| Impact on return, per year | 1.25% | 1.25% | 1.25% |
C000138294 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0998%
- Total broker commissions: $58K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 11%
- Securities on loan, average value: $11.6M
- Net income from securities lending: $13K (0.023% of average net assets)
C000138294 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Cowen and Company, LLC | $18K | 35.50% |
| HEIGHT CAPITAL MARKETS | $6K | 11.75% |
| KEYBANC CAPITAL MARKETS, INC. | $6K | 11.71% |
| Stephens, Inc. | $5K | 10.19% |
| J.P. Morgan Securities LLC | $4K | 7.59% |
| IMPERIAL CAPITAL, LLC | $3K | 5.27% |
| BARCLAYS CAPITAL, INC. | $3K | 5.24% |
| Berenberg Capital Markets LLC | $3K | 5.18% |
| STIFEL, NICOLAUS & CO INC | $2K | 4.10% |
| ITAU BBA USA SECURITIES, INC. | $2K | 3.48% |
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.