DIVA Fees and Costs — AGFiQ Hedged Dividend Income Fund
Data updated: 2022-05-11
The net expense ratio is 1.21%: a 0.45% management fee plus 7.91% other expenses, less a 7.15% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $4K in broker commissions, 0.1153% of average net assets, and portfolio turnover was 180%.
DIVA Fees and Expenses
Annual operating expenses and sales charges of DIVA. Prospectus, as of June 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 7.91% |
| Gross expense ratio | 8.36% |
| Fee waiver | −7.15% |
| Net expense ratio | 1.21% |
| 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 |
DIVA Costs Over Time
On $10,000 invested in DIVA, assuming 5% a year before costs, total costs come to $824 over 5 years, cutting the return by 1.39% 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 1.21%) | $127 | $395 | $683 |
| Trading costs (broker commissions) | $12 | $38 | $65 |
| Lost growth on money paid in costs | $0 | $21 | $76 |
| Total costs | $139 | $454 | $824 |
| Value after costs | $10,361 | $11,122 | $11,939 |
| Impact on return, per year | 1.39% | 1.39% | 1.39% |
DIVA Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.1153%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 180%
- Securities lending: none during the year
DIVA Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Scotia Capital (USA) Inc. | $2K | 47.47% |
| Virtu Americas LLC. | $1K | 37.54% |
| Morgan Stanley & Co. LLC | $573 | 14.99% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.