MGSDX Fees and Costs — AMG Managers Amundi Short Duration Government Fund, Class N
Data updated: 2019-11-25
The net expense ratio is 0.75%: a 0.40% management fee plus 0.45% other expenses, less a 0.11% fee waiver. There are no sales loads or redemption fees. In fiscal 2018 the fund paid $12K in broker commissions, 0.0081% of average net assets, and portfolio turnover was 14%.
MGSDX Fees and Expenses
Annual operating expenses and sales charges of MGSDX. Prospectus, as of April 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.45% |
| Gross expense ratio | 0.86% |
| Fee waiver | −0.11% |
| Net expense ratio | 0.75% |
| 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 | No |
MGSDX Costs Over Time
On $10,000 invested in MGSDX, assuming 5% a year before costs, total costs come to $476 over 5 years, cutting the return by 0.80% 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 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $12 | $44 |
| Total costs | $80 | $261 | $476 |
| Value after costs | $10,420 | $11,315 | $12,286 |
| Impact on return, per year | 0.80% | 0.80% | 0.80% |
MGSDX 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): 0.0081%
- Total broker commissions: $12K
- Bought from dealers (principal trades, not a cost): $165.3M
- Portfolio turnover (prospectus): 14%
- Securities lending: none during the year
MGSDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $12K | 100.00% |
MGSDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO SECURITIES LLC | $29.9M | 21.09% |
| JP Morgan Securities LLC | $21.9M | 15.42% |
| BARCLAYS CAPITAL, INC. | $17.8M | 12.55% |
| BNY MELLON CAPITAL MARKETS, LLC | $15.7M | 11.08% |
| CREDIT SUISSE SECURITIES (USA) LLC | $11.7M | 8.27% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $11.2M | 7.90% |
| MORGAN STANLEY & CO. LLC | $9.3M | 6.54% |
| CitiGroup Global Markets Inc. | $8.6M | 6.08% |
| Goldman Sachs & Co. LLC | $8.6M | 6.06% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $7.1M | 5.00% |
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.