SAESX Fees and Costs — AIG Japan Fund, Class A
Data updated: 2021-08-27
The net expense ratio is 1.90%: a 1.15% management fee, a 0.35% 12b-1 fee plus 1.72% other expenses, less a 1.32% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2020 the fund paid $10K in broker commissions, 0.0636% of average net assets, and portfolio turnover was 104%.
SAESX Fees and Expenses
Annual operating expenses and sales charges of SAESX. Prospectus, as of January 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 1.15% |
| 12b-1 fee | 0.35% |
| Other expenses | 1.72% |
| Gross expense ratio | 3.22% |
| Fee waiver | −1.32% |
| Net expense ratio | 1.90% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
SAESX Costs Over Time
On $10,000 invested in SAESX, assuming 5% a year before costs, total costs come to $1,869 over 5 years, cutting the return by 3.27% 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 | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.90%) | $188 | $581 | $997 |
| Trading costs (broker commissions) | $6 | $19 | $33 |
| Lost growth on money paid in costs | $29 | $121 | $264 |
| Total costs | $798 | $1,296 | $1,869 |
| Value after costs | $9,702 | $10,280 | $10,893 |
| Impact on return, per year | 7.98% | 4.07% | 3.27% |
SAESX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0636%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): $82.9M
- Portfolio turnover (prospectus): 104%
- Securities lending: none during the year
SAESX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $1K | 13.37% |
| Nomura Securities International, Inc. | $1K | 12.85% |
| Jefferies LLC | $1K | 12.15% |
| Morgan Stanley & Co. LLC | $911 | 11.06% |
| Credit Suisse Securities (USA) LLC | $910 | 11.04% |
| Citigroup Global Markets Inc. | $813 | 9.87% |
| J.P. Morgan Securities LLC | $658 | 7.99% |
| Virtu Itg LLC | $638 | 7.74% |
| Bofa Securities, Inc. | $590 | 7.16% |
| UBS Securities LLC | $558 | 6.77% |
SAESX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $82.8M | 99.83% |
| Nomura Securities International, Inc. | $139K | 0.17% |
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.