FDDAX Fees and Costs — AIG Focused Dividend Strategy II Fund, Class A
Data updated: 2021-03-31
The net expense ratio is 1.25%: a 0.60% management fee, a 0.35% 12b-1 fee plus 15.18% other expenses, less a 14.88% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2020 the fund paid $552 in broker commissions, 0.0510% of average net assets, and portfolio turnover was 63%.
FDDAX Fees and Expenses
Annual operating expenses and sales charges of FDDAX. Prospectus, as of February 28, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.35% |
| Other expenses | 15.18% |
| Gross expense ratio | 16.13% |
| Fee waiver | −14.88% |
| Net expense ratio | 1.25% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
FDDAX Costs Over Time
On $10,000 invested in FDDAX, assuming 5% a year before costs, total costs come to $1,496 over 5 years, cutting the return by 2.59% 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 |
| Sales charges | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.25%) | $124 | $385 | $665 |
| Trading costs (broker commissions) | $5 | $16 | $27 |
| Lost growth on money paid in costs | $29 | $111 | $229 |
| Total costs | $733 | $1,086 | $1,496 |
| Value after costs | $9,767 | $10,490 | $11,267 |
| Impact on return, per year | 7.33% | 3.39% | 2.59% |
FDDAX 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): 0.0510%
- Total broker commissions: $552
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 63%
- Securities lending: none during the year
FDDAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Stifel, Nicolaus & Company, Incorporated | $254 | 46.10% |
| Nomura Securities International, Inc. | $215 | 39.02% |
| National Financial Services LLC | $73 | 13.24% |
| J.P. Morgan Securities LLC | $7 | 1.34% |
| Goldman Sachs & Co. LLC | $2 | 0.30% |
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.