FDSBX Fees and Costs — AIG Focused Dividend Strategy Fund, Class B
Data updated: 2021-06-29
The net expense ratio is 1.75%: a 0.47% management fee, a 1.00% 12b-1 fee plus 0.28% other expenses. This share class carries a deferred sales charge of up to 4.00%. In fiscal 2020 the fund paid $4.3M in broker commissions, 0.0651% of average net assets, and portfolio turnover was 68%.
FDSBX Fees and Expenses
Annual operating expenses and sales charges of FDSBX. Prospectus, as of February 28, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.47% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.28% |
| Gross expense ratio | 1.75% |
| Fee waiver | — |
| Net expense ratio | 1.75% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 4.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FDSBX Costs Over Time
On $10,000 invested in FDSBX, assuming 5% a year before costs, total costs come to $1,117 over 5 years, cutting the return by 1.91% 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 | $412 | $0 | $0 |
| Fund expenses (net expense ratio 1.75%) | $184 | $568 | $977 |
| Trading costs (broker commissions) | $7 | $21 | $36 |
| Lost growth on money paid in costs | $0 | $29 | $103 |
| Total costs | $603 | $619 | $1,117 |
| Value after costs | $9,897 | $10,957 | $11,646 |
| Impact on return, per year | 6.03% | 1.91% | 1.91% |
FDSBX 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): 0.0651%
- Total broker commissions: $4.3M
- Bought from dealers (principal trades, not a cost): $9.2B
- Portfolio turnover (prospectus): 68%
- Securities lending: none during the year
FDSBX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Nomura Securities International, Inc. | $3.1M | 71.42% |
| National Financial Services LLC | $615K | 14.39% |
| BofA Securities, Inc. | $138K | 3.23% |
| Stifel, Nicolaus & Company, Incorporated | $121K | 2.83% |
| Virtu Itg LLC | $105K | 2.47% |
| J.P. Morgan Securities LLC | $87K | 2.04% |
| UBS Securities LLC | $64K | 1.50% |
| Oppenheimer & Co. Inc. | $54K | 1.26% |
| Industrial and Commercial Bank of China Financial Services LLC | $20K | 0.47% |
| Credit Suisse Securities (USA) LLC | $17K | 0.39% |
FDSBX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $9.2B | 100.00% |
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.