SIEAX Fees and Costs — AIG International Dividend Strategy Fund, Class A
Data updated: 2021-08-27
The net expense ratio is 1.90%: a 1.00% management fee, a 0.35% 12b-1 fee plus 0.79% other expenses, less a 0.24% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2020 the fund paid $44K in broker commissions, 0.0807% of average net assets, and portfolio turnover was 74%.
SIEAX Fees and Expenses
Annual operating expenses and sales charges of SIEAX. Prospectus, as of January 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.35% |
| Other expenses | 0.79% |
| Gross expense ratio | 2.14% |
| Fee waiver | −0.24% |
| 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 |
SIEAX Costs Over Time
On $10,000 invested in SIEAX, assuming 5% a year before costs, total costs come to $1,879 over 5 years, cutting the return by 3.29% 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) | $8 | $25 | $42 |
| Lost growth on money paid in costs | $29 | $121 | $265 |
| Total costs | $800 | $1,301 | $1,879 |
| Value after costs | $9,700 | $10,275 | $10,884 |
| Impact on return, per year | 8.00% | 4.09% | 3.29% |
SIEAX 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): 0.0807%
- Total broker commissions: $44K
- Bought from dealers (principal trades, not a cost): $188.9M
- Portfolio turnover (prospectus): 74%
- Securities lending: none during the year
SIEAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Bofa Securities, Inc. | $40K | 91.83% |
| Nomura Securities International, Inc. | $3K | 6.05% |
| UBS Securities LLC | $745 | 1.69% |
| Clearstream Banking S.A. | $149 | 0.34% |
| Citigroup Global Markets Inc. | $40 | 0.09% |
SIEAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $188.9M | 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.