NFRWX Fees and Costs — AIG Senior Floating Rate Fund, Class W
Data updated: 2021-08-27
The net expense ratio is 1.43%: a 0.85% management fee, a 0.75% 12b-1 fee plus 0.76% other expenses, less a 0.94% fee waiver. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2020 the fund paid $24 in broker commissions, and portfolio turnover was 51%.
NFRWX Fees and Expenses
Annual operating expenses and sales charges of NFRWX. Prospectus, as of April 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.75% |
| Other expenses | 0.76% |
| Gross expense ratio | 2.37% |
| Fee waiver | −0.94% |
| Net expense ratio | 1.43% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
NFRWX Costs Over Time
On $10,000 invested in NFRWX, assuming 5% a year before costs, total costs come to $887 over 5 years, cutting the return by 1.50% 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 1.43%) | $150 | $466 | $805 |
| Lost growth on money paid in costs | $0 | $23 | $82 |
| Total costs | $254 | $490 | $887 |
| Value after costs | $10,246 | $11,087 | $11,876 |
| Impact on return, per year | 2.54% | 1.50% | 1.50% |
NFRWX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: $24
- Bought from dealers (principal trades, not a cost): $920.1M
- Portfolio turnover (prospectus): 51%
- Securities lending: none during the year
NFRWX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $24 | 100.00% |
NFRWX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $150.9M | 17.41% |
| Deutsche Bank Securities Inc. | $145.0M | 16.73% |
| Natwest Markets Securities Inc. | $136.7M | 15.77% |
| Barclays Capital Inc. | $121.9M | 14.07% |
| State Street Bank and Trust Company | $109.6M | 12.65% |
| BNP Paribas Securities Corp. | $104.1M | 12.01% |
| J.P. Morgan Securities LLC | $39.3M | 4.53% |
| Credit Suisse Securities (USA) LLC | $25.4M | 2.93% |
| Goldman Sachs & Co. LLC | $20.2M | 2.34% |
| Citigroup Global Markets Inc. | $13.7M | 1.58% |
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.