HGDAX Fees and Costs — AAM/HIMCO Global Enhanced Dividend Fund, Class A
Data updated: 2021-05-26
The net expense ratio is 2.01%: a 0.90% management fee, a 0.25% 12b-1 fee plus 1.03% other expenses, less a 0.17% fee waiver. This share class carries a maximum front-end sales load of 5.50%, a deferred sales charge of up to 1.00% and a redemption fee of 2.00%. In fiscal 2020 the fund paid $30K in broker commissions, 0.0633% of average net assets, and portfolio turnover was 43%.
HGDAX Fees and Expenses
Annual operating expenses and sales charges of HGDAX. Prospectus, as of October 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.03% |
| Gross expense ratio | 2.18% |
| Fee waiver | −0.17% |
| Net expense ratio | 2.01% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| Max deferred load | 1.00% |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
HGDAX Costs Over Time
On $10,000 invested in HGDAX, assuming 5% a year before costs, total costs come to $1,901 over 5 years, cutting the return by 3.33% 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 | $647 | $550 | $550 |
| Fund expenses (net expense ratio 2.01%) | $199 | $615 | $1,055 |
| Trading costs (broker commissions) | $6 | $19 | $33 |
| Lost growth on money paid in costs | $27 | $118 | $263 |
| Total costs | $880 | $1,303 | $1,901 |
| Value after costs | $9,620 | $10,273 | $10,861 |
| Impact on return, per year | 8.80% | 4.10% | 3.33% |
HGDAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0633%
- Total broker commissions: $30K
- Bought from dealers (principal trades, not a cost): $16.2M
- Portfolio turnover (prospectus): 43%
- Securities lending: none during the year
HGDAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL INC. | $19K | 62.01% |
| BANC OF AMERICA SECURITIES LLC | $9K | 29.11% |
| CITIGROUP GLOBAL MARKETS INC. | $3K | 8.88% |
HGDAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $9.2M | 56.37% |
| CITIGROUP GLOBAL MARKETS INC. | $3.6M | 22.09% |
| BANC OF AMERICA SECURITIES LLC | $2.2M | 13.29% |
| BARCLAYS CAPITAL INC. | $911K | 5.60% |
| BANCO DO BRASIL SECURITIES LLC | $384K | 2.36% |
| BROWN BROTHERS HARRIMAN & CO. | $24K | 0.15% |
| GOLDMAN SACHS & CO. LLC | $21K | 0.13% |
| BNP PARIBAS SECURITIES CORP. | $54 | 0.00% |
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.