SFLAX Fees and Costs — AIG Focused Alpha Large-Cap Fund, Class A
Data updated: 2021-06-29
The net expense ratio is 1.51%. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $343K in broker commissions, 0.0551% of average net assets, and portfolio turnover was 75%.
SFLAX Fees and Expenses
Annual operating expenses and sales charges of SFLAX. Prospectus, as of February 28, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | — |
| Other expenses | 0.50% |
| Gross expense ratio | 1.50% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.51% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
SFLAX Costs Over Time
On $10,000 invested in SFLAX, assuming 5% a year before costs, total costs come to $968 over 5 years, cutting the return by 1.64% 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 1.51%) | $159 | $492 | $848 |
| Trading costs (broker commissions) | $6 | $18 | $31 |
| Lost growth on money paid in costs | $0 | $25 | $89 |
| Total costs | $164 | $535 | $968 |
| Value after costs | $10,336 | $11,041 | $11,795 |
| Impact on return, per year | 1.64% | 1.64% | 1.64% |
SFLAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0551%
- Total broker commissions: $343K
- Bought from dealers (principal trades, not a cost): $25.5M
- Portfolio turnover (prospectus): 75%
- Securities lending: none during the year
SFLAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities, LLC | $113K | 35.35% |
| BofA Securities, Inc. | $76K | 23.71% |
| Cowen and Company, LLC | $37K | 11.43% |
| J.P. Morgan Securities LLC | $24K | 7.59% |
| Morgan Stanley & Co. LLC | $17K | 5.36% |
| Citigroup Global Markets Inc. | $16K | 5.05% |
| Virtu Itg LLC | $13K | 3.95% |
| Raymond James & Associates, Inc. | $10K | 3.14% |
| Evercore Group L.L.C. | $7K | 2.21% |
| UBS Securities LLC | $7K | 2.21% |
SFLAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $25.5M | 100.00% |
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.