SDIAX Fees and Costs — AIG Strategic Bond Fund, Class A
Data updated: 2021-08-27
The net expense ratio is 1.10%: a 0.65% management fee, a 0.35% 12b-1 fee plus 0.37% other expenses, less a 0.27% fee waiver. This share class carries a maximum front-end sales load of 4.75%. In fiscal 2021 the fund paid $1 in broker commissions, and portfolio turnover was 85%.
SDIAX Fees and Expenses
Annual operating expenses and sales charges of SDIAX. Prospectus, as of March 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.35% |
| Other expenses | 0.37% |
| Gross expense ratio | 1.37% |
| Fee waiver | −0.27% |
| Net expense ratio | 1.10% |
| Sales charges | |
|---|---|
| Max front load | 4.75% |
| Max deferred load | 0.00% |
| 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 |
SDIAX Costs Over Time
On $10,000 invested in SDIAX, assuming 5% a year before costs, total costs come to $1,260 over 5 years, cutting the return by 2.16% 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 | $475 | $475 | $475 |
| Fund expenses (net expense ratio 1.10%) | $110 | $343 | $594 |
| Lost growth on money paid in costs | $24 | $92 | $191 |
| Total costs | $609 | $910 | $1,260 |
| Value after costs | $9,891 | $10,666 | $11,503 |
| Impact on return, per year | 6.09% | 2.83% | 2.16% |
SDIAX 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
SDIAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Sanford C. Bernstein & Co., LLC | $1 | 100.00% |
SDIAX 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.