SFLWX Fees and Costs — AIG Focused Alpha Large-Cap Fund, Class W
Data updated: 2021-06-29
The net expense ratio is 2.37%: a 1.00% management fee, a 1.00% 12b-1 fee plus 0.37% other expenses. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2020 the fund paid $343K in broker commissions, 0.0551% of average net assets, and portfolio turnover was 75%.
SFLWX Fees and Expenses
Annual operating expenses and sales charges of SFLWX. Prospectus, as of February 28, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.37% |
| Gross expense ratio | 2.37% |
| Fee waiver | — |
| Net expense ratio | 2.37% |
| 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 | No |
| Waived fees subject to recoupment | Yes |
SFLWX Costs Over Time
On $10,000 invested in SFLWX, assuming 5% a year before costs, total costs come to $1,474 over 5 years, cutting the return by 2.55% 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 | $102 | $0 | $0 |
| Fund expenses (net expense ratio 2.37%) | $249 | $765 | $1,307 |
| Trading costs (broker commissions) | $6 | $18 | $30 |
| Lost growth on money paid in costs | $0 | $39 | $137 |
| Total costs | $357 | $822 | $1,474 |
| Value after costs | $10,143 | $10,754 | $11,289 |
| Impact on return, per year | 3.57% | 2.55% | 2.55% |
SFLWX 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
SFLWX 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% |
SFLWX 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.