FOCAX Fees and Costs — AIG Focused Growth Fund, Class A
Data updated: 2021-06-29
The net expense ratio is 0.93%: a 1.00% management fee plus 0.47% other expenses, less a 0.54% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $138K in broker commissions, 0.0242% of average net assets, and portfolio turnover was 53%.
FOCAX Fees and Expenses
Annual operating expenses and sales charges of FOCAX. Prospectus, as of February 28, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | — |
| Other expenses | 0.47% |
| Gross expense ratio | 1.47% |
| Fee waiver | −0.54% |
| Net expense ratio | 0.93% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
FOCAX Costs Over Time
On $10,000 invested in FOCAX, assuming 5% a year before costs, total costs come to $597 over 5 years, cutting the return by 1.00% 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 0.93%) | $98 | $305 | $529 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $15 | $55 |
| Total costs | $100 | $328 | $597 |
| Value after costs | $10,400 | $11,248 | $12,165 |
| Impact on return, per year | 1.00% | 1.00% | 1.00% |
FOCAX 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): 0.0242%
- Total broker commissions: $138K
- Bought from dealers (principal trades, not a cost): $348K
- Portfolio turnover (prospectus): 53%
- Securities lending: none during the year
FOCAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Cowen and Company, LLC | $34K | 25.56% |
| J.P. Morgan Securities LLC | $22K | 16.03% |
| Virtu Itg LLC | $16K | 11.71% |
| Raymond James & Associates, Inc. | $13K | 9.69% |
| Citigroup Global Markets Inc. | $12K | 8.98% |
| Morgan Stanley & Co. LLC | $12K | 8.62% |
| Evercore Group L.L.C. | $8K | 5.91% |
| Barclays Capital Inc. | $8K | 5.61% |
| Jefferies LLC | $7K | 5.35% |
| Credit Suisse Securities (USA) LLC | $3K | 2.54% |
FOCAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $348K | 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.