IEAWX Fees and Costs — AIG Income Explorer Fund, Class W
Data updated: 2021-06-29
The net expense ratio is 1.64%: a 1.00% management fee, a 1.00% 12b-1 fee plus 1.42% other expenses, less a 1.78% fee waiver. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2020 the fund paid $54K in broker commissions, 0.1360% of average net assets, and portfolio turnover was 138%.
IEAWX Fees and Expenses
Annual operating expenses and sales charges of IEAWX. Prospectus, as of February 28, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 1.00% |
| Other expenses | 1.42% |
| Gross expense ratio | 3.42% |
| Fee waiver | −1.78% |
| Net expense ratio | 1.64% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
IEAWX Costs Over Time
On $10,000 invested in IEAWX, assuming 5% a year before costs, total costs come to $1,094 over 5 years, cutting the return by 1.86% 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 | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.64%) | $172 | $533 | $917 |
| Trading costs (broker commissions) | $14 | $44 | $76 |
| Lost growth on money paid in costs | $0 | $29 | $101 |
| Total costs | $290 | $606 | $1,094 |
| Value after costs | $10,210 | $10,970 | $11,669 |
| Impact on return, per year | 2.90% | 1.86% | 1.86% |
IEAWX 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): 0.1360%
- Total broker commissions: $54K
- Bought from dealers (principal trades, not a cost): $143.7M
- Portfolio turnover (prospectus): 138%
- Securities lending: none during the year
IEAWX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities, LLC | $13K | 24.22% |
| BofA Securities, Inc. | $9K | 16.40% |
| Sanford C. Bernstein & Co., LLC | $7K | 13.02% |
| Stifel, Nicolaus & Company, Incorporated | $6K | 10.95% |
| RBC Capital Markets, LLC | $6K | 10.94% |
| J.P. Morgan Securities LLC | $5K | 9.66% |
| Nomura Securities International, Inc. | $4K | 6.82% |
| Jefferies LLC | $3K | 5.28% |
| UBS Securities LLC | $1K | 2.05% |
| Citigroup Global Markets Inc. | $356 | 0.66% |
IEAWX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $131.5M | 93.13% |
| BNY Mellon Capital Markets, LLC | $3.1M | 2.21% |
| Morgan Stanley & Co. LLC | $1.3M | 0.93% |
| BofA Securities, Inc. | $1.1M | 0.80% |
| Goldman Sachs & Co. LLC | $1.1M | 0.79% |
| BNP Paribas Securities Corp. | $718K | 0.51% |
| J.P. Morgan Securities LLC | $674K | 0.48% |
| RBC Capital Markets, LLC | $598K | 0.42% |
| Janney Montgomery Scott LLC | $523K | 0.37% |
| Barclays Capital Inc. | $496K | 0.35% |
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.