RGLIX Fees and Costs — AllianzGI Global Natural Resources Fund, Institutional Class
Data updated: 2020-05-27
The net expense ratio is 1.09%: a 1.05% management fee plus 0.03% other expenses. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $22K in broker commissions, 0.1441% of average net assets, and portfolio turnover was 76%.
RGLIX Fees and Expenses
Annual operating expenses and sales charges of RGLIX. Prospectus, as of June 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 1.05% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.03% |
| Gross expense ratio | 1.09% |
| Fee waiver | — |
| Net expense ratio | 1.09% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
RGLIX Costs Over Time
On $10,000 invested in RGLIX, assuming 5% a year before costs, total costs come to $768 over 5 years, cutting the return by 1.30% 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 1.09%) | $114 | $356 | $616 |
| Trading costs (broker commissions) | $15 | $47 | $81 |
| Lost growth on money paid in costs | $0 | $20 | $71 |
| Total costs | $130 | $423 | $768 |
| Value after costs | $10,370 | $11,153 | $11,994 |
| Impact on return, per year | 1.30% | 1.30% | 1.30% |
RGLIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.1441%
- Total broker commissions: $22K
- Bought from dealers (principal trades, not a cost): $40.9M
- Portfolio turnover (prospectus): 76%
- Securities lending: none during the year
RGLIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $4K | 20.60% |
| RBC Capital Markets, LLC | $3K | 17.56% |
| JPMorgan Chase & Co. | $3K | 14.36% |
| Barclays Capital Inc. | $2K | 10.19% |
| Goldman Sachs & Co. LLC | $1K | 7.25% |
| UBS Securities LLC | $1K | 6.80% |
| Credit Suisse Securities (USA) LLC | $1K | 6.09% |
| Citigroup Global Markets Inc. | $1K | 5.89% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $1K | 5.89% |
| BMO Nesbitt Burns Securities Ltd. | $995 | 5.37% |
RGLIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $40.8M | 99.90% |
| JPMorgan Chase & Co. | $34K | 0.08% |
| Jane Street Execution Services, LLC | $7K | 0.02% |
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.