C000225453 Fees and Costs — AMG GW&K High Income Fund, Class I
Data updated: 2024-08-28
The net expense ratio is 0.64%: a 0.39% management fee plus 0.89% other expenses, less a 0.64% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 25%.
C000225453 Fees and Expenses
Annual operating expenses and sales charges of C000225453. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.39% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.89% |
| Gross expense ratio | 1.28% |
| Fee waiver | −0.64% |
| Net expense ratio | 0.64% |
| 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 |
C000225453 Costs Over Time
On $10,000 invested in C000225453, assuming 5% a year before costs, total costs come to $403 over 5 years, cutting the return by 0.67% 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 0.64%) | $67 | $210 | $366 |
| Lost growth on money paid in costs | $0 | $10 | $37 |
| Total costs | $67 | $221 | $403 |
| Value after costs | $10,433 | $11,355 | $12,360 |
| Impact on return, per year | 0.67% | 0.67% | 0.67% |
C000225453 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $11.1M
- Portfolio turnover (prospectus): 25%
- Securities on loan, average value: $1.9M
- Net income from securities lending: $30K (0.188% of average net assets)
C000225453 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MARKETAXESS CORPORATION | $2.6M | 29.11% |
| Merrill Lynch Pierce Fenner & Smith Inc | $1.1M | 11.70% |
| MORGAN STANLEY & CO. LLC | $927K | 10.28% |
| MILLENNIUM ADVISORS, LLC | $741K | 8.22% |
| J.P. Morgan Securities LLC | $706K | 7.83% |
| GOLDMAN SACHS & CO. LLC | $672K | 7.45% |
| BARCLAYS CAPITAL, INC. | $653K | 7.24% |
| JEFFERIES LLC | $643K | 7.14% |
| DEUTSCHE BANK SECURITIES, INC. | $539K | 5.97% |
| SumRidge Partners, LLC | $456K | 5.06% |
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.