SHNWX Fees and Costs — AIG Flexible Credit Fund, Class W
Data updated: 2021-08-27
The net expense ratio is 0.83%: a 0.74% management fee plus 0.49% other expenses, less a 0.40% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $174 in broker commissions, 0.0001% of average net assets, and portfolio turnover was 67%.
SHNWX Fees and Expenses
Annual operating expenses and sales charges of SHNWX. Prospectus, as of March 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.74% |
| 12b-1 fee | — |
| Other expenses | 0.49% |
| Gross expense ratio | 1.23% |
| Fee waiver | −0.40% |
| Net expense ratio | 0.83% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
SHNWX Costs Over Time
On $10,000 invested in SHNWX, assuming 5% a year before costs, total costs come to $521 over 5 years, cutting the return by 0.87% 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 0.83%) | $87 | $272 | $473 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $13 | $48 |
| Total costs | $87 | $286 | $521 |
| Value after costs | $10,413 | $11,290 | $12,242 |
| Impact on return, per year | 0.87% | 0.87% | 0.87% |
SHNWX 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): 0.0001%
- Total broker commissions: $174
- Bought from dealers (principal trades, not a cost): $624.3M
- Portfolio turnover (prospectus): 67%
- Securities lending: none during the year
SHNWX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Instinet, LLC | $174 | 100.00% |
SHNWX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $241.8M | 43.12% |
| J.P. Morgan Securities LLC | $75.5M | 13.46% |
| BofA Securities, Inc. | $50.9M | 9.08% |
| Credit Suisse Securities (USA) LLC | $41.1M | 7.33% |
| Citigroup Global Markets Inc. | $34.9M | 6.23% |
| Barclays Capital Inc. | $33.1M | 5.91% |
| Goldman Sachs & Co. LLC | $27.8M | 4.96% |
| Morgan Stanley & Co. LLC | $20.3M | 3.62% |
| Jefferies LLC | $18.5M | 3.31% |
| BNY Mellon Capital Markets, LLC | $16.8M | 2.99% |
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.