MFDAX Fees and Costs — AMG GW&K Enhanced Core Bond ESG Fund, Class N
Data updated: 2024-08-28
The net expense ratio is 0.73%: a 0.30% management fee, a 0.25% 12b-1 fee plus 0.50% other expenses, less a 0.32% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 51%.
MFDAX Fees and Expenses
Annual operating expenses and sales charges of MFDAX. Prospectus, as of April 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.50% |
| Gross expense ratio | 1.05% |
| Fee waiver | −0.32% |
| Net expense ratio | 0.73% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
MFDAX Costs Over Time
On $10,000 invested in MFDAX, assuming 5% a year before costs, total costs come to $459 over 5 years, cutting the return by 0.77% 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 0.73%) | $77 | $240 | $417 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $77 | $252 | $459 |
| Value after costs | $10,423 | $11,325 | $12,304 |
| Impact on return, per year | 0.77% | 0.77% | 0.77% |
MFDAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $38.6M
- Portfolio turnover (prospectus): 51%
- Securities on loan, average value: $1.7M
- Net income from securities lending: $11K (0.028% of average net assets)
MFDAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CitiGroup Global Markets Inc. | $4.0M | 14.62% |
| DEUTSCHE BANK SECURITIES, INC. | $3.5M | 12.80% |
| J.P. Morgan Securities LLC | $3.3M | 11.99% |
| GOLDMAN SACHS & CO. LLC | $3.2M | 11.92% |
| STONEX FINANCIAL INC. | $3.1M | 11.41% |
| MARKETAXESS CORPORATION | $3.1M | 11.27% |
| BARCLAYS CAPITAL, INC. | $2.2M | 7.91% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $1.8M | 6.51% |
| PERSHING LLC | $1.6M | 5.85% |
| MORGAN STANLEY & CO. LLC | $1.6M | 5.72% |
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.