NAICX Fees and Costs — AIG Strategic Bond Fund, Class C
Data updated: 2021-08-27
The net expense ratio is 1.78%: a 0.65% management fee, a 1.00% 12b-1 fee plus 0.40% other expenses, less a 0.27% fee waiver. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2021 the fund paid $1 in broker commissions, and portfolio turnover was 85%.
NAICX Fees and Expenses
Annual operating expenses and sales charges of NAICX. Prospectus, as of March 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.40% |
| Gross expense ratio | 2.05% |
| Fee waiver | −0.27% |
| Net expense ratio | 1.78% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
NAICX Costs Over Time
On $10,000 invested in NAICX, assuming 5% a year before costs, total costs come to $1,096 over 5 years, cutting the return by 1.87% 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 1.78%) | $187 | $578 | $995 |
| Lost growth on money paid in costs | $0 | $29 | $101 |
| Total costs | $290 | $607 | $1,096 |
| Value after costs | $10,210 | $10,969 | $11,667 |
| Impact on return, per year | 2.90% | 1.87% | 1.87% |
NAICX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: $1
- Bought from dealers (principal trades, not a cost): $1.3B
- Portfolio turnover (prospectus): 85%
- Securities lending: none during the year
NAICX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Sanford C. Bernstein & Co., LLC | $1 | 100.00% |
NAICX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $484.1M | 46.25% |
| Morgan Stanley & Co. LLC | $151.3M | 14.45% |
| Citigroup Global Markets Inc. | $83.7M | 8.00% |
| J.P. Morgan Securities LLC | $83.3M | 7.96% |
| Goldman Sachs & Co. LLC | $49.6M | 4.74% |
| Barclays Capital Inc. | $44.6M | 4.26% |
| BofA Securities, Inc. | $44.1M | 4.22% |
| Jefferies LLC | $39.9M | 3.81% |
| HSBC Securities (USA) Inc. | $35.2M | 3.37% |
| RBC Capital Markets, LLC | $30.7M | 2.94% |
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.