MGIDX Fees and Costs — AMG Managers Amundi Intermediate Government Fund, Class N
Data updated: 2019-11-25
The net expense ratio is 0.87% (1.01% before fee waivers). There are no sales loads or redemption fees. In fiscal 2018 the fund paid $2K in broker commissions, 0.0025% of average net assets, and portfolio turnover was 0%.
MGIDX Fees and Expenses
Annual operating expenses and sales charges of MGIDX. Prospectus, as of April 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.48% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.50% |
| Gross expense ratio | 1.01% |
| Fee waiver | −0.14% |
| Net expense ratio | 0.87% |
| 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 |
MGIDX Costs Over Time
On $10,000 invested in MGIDX, assuming 5% a year before costs, total costs come to $547 over 5 years, cutting the return by 0.92% 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 0.87%) | $91 | $285 | $496 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $92 | $300 | $547 |
| Value after costs | $10,408 | $11,276 | $12,216 |
| Impact on return, per year | 0.92% | 0.92% | 0.92% |
MGIDX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2018.
- Explicit cost rate (commissions ÷ average net assets): 0.0025%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $1.0B
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
MGIDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $2K | 100.00% |
MGIDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO SECURITIES LLC | $591.2M | 58.02% |
| CREDIT SUISSE SECURITIES (USA) LLC | $201.5M | 19.78% |
| CitiGroup Global Markets Inc. | $116.6M | 11.44% |
| GOLDMAN SACHS & CO. LLC | $64.5M | 6.33% |
| Mizuho Securities USA LLC | $22.3M | 2.19% |
| BNP PARIBAS SECURITIES CORP. | $20.4M | 2.00% |
| BNY MELLON CAPITAL MARKETS, LLC | $2.2M | 0.22% |
| JP Morgan Securities LLC | $89K | 0.01% |
| SunTrust Robinson Humphrey, Inc. | $72K | 0.01% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $70K | 0.01% |
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.