IUSA Fees and Costs — Amberwave Invest USA JSG Fund
Data updated: 2023-02-10
The net expense ratio is 0.67%. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $171 in broker commissions, 0.0125% of average net assets.
IUSA Fees and Expenses
Annual operating expenses and sales charges of IUSA. Prospectus, as of December 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.67% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.67% |
| Fee waiver | — |
| Net expense ratio | 0.67% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
IUSA Costs Over Time
On $10,000 invested in IUSA, assuming 5% a year before costs, total costs come to $430 over 5 years, cutting the return by 0.72% 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 0.67%) | $70 | $220 | $383 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $11 | $39 |
| Total costs | $72 | $235 | $430 |
| Value after costs | $10,428 | $11,341 | $12,333 |
| Impact on return, per year | 0.72% | 0.72% | 0.72% |
IUSA Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0125%
- Total broker commissions: $171
- Bought from dealers (principal trades, not a cost): $1.7M
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
IUSA Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES | $171 | 100.00% |
IUSA Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES | $878K | 51.70% |
| BANK OF AMERICA MERRILL LYNCH | $821K | 48.30% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.