C000153045 Fees and Costs — AMG GW&K Emerging Wealth Equity Fund, Class I
Data updated: 2024-03-25
The net expense ratio is 1.00%: a 0.55% management fee plus 0.46% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $85K in broker commissions, 0.1052% of average net assets, and portfolio turnover was 63%.
C000153045 Fees and Expenses
Annual operating expenses and sales charges of C000153045. Prospectus, as of February 28, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.46% |
| Gross expense ratio | 1.01% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.00% |
| 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 |
C000153045 Costs Over Time
On $10,000 invested in C000153045, assuming 5% a year before costs, total costs come to $690 over 5 years, cutting the return by 1.16% 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 1.00%) | $105 | $327 | $567 |
| Trading costs (broker commissions) | $11 | $34 | $60 |
| Lost growth on money paid in costs | $0 | $18 | $63 |
| Total costs | $116 | $380 | $690 |
| Value after costs | $10,384 | $11,197 | $12,073 |
| Impact on return, per year | 1.16% | 1.16% | 1.16% |
C000153045 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.1052%
- Total broker commissions: $85K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 63%
- Securities on loan, average value: $723K
- Net income from securities lending: $921 (0.001% of average net assets)
C000153045 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $32K | 37.06% |
| CLSA AMERICAS, LLC | $24K | 28.06% |
| CREDIT AGRICOLE SECURITIES (USA), INC. | $16K | 18.77% |
| JEFFERIES LLC | $7K | 8.12% |
| Merrill Lynch Pierce Fenner & Smith Inc | $6K | 6.75% |
| J.P. Morgan Securities LLC | $1K | 1.24% |
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.