SUNAX Fees and Costs — AIG Commodity Strategy Fund, Class A
Data updated: 2021-06-29
The net expense ratio is 1.52% (4.21% before fee waivers). There are no sales loads or redemption fees. In fiscal 2020 the fund paid $19K in broker commissions, 0.0722% of average net assets, and portfolio turnover was 1%.
SUNAX Fees and Expenses
Annual operating expenses and sales charges of SUNAX. Prospectus, as of February 28, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 4.21% |
| Fee waiver | −2.49% |
| Net expense ratio | 1.52% |
| 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 | Yes |
| Waived fees subject to recoupment | Yes |
SUNAX Costs Over Time
On $10,000 invested in SUNAX, assuming 5% a year before costs, total costs come to $984 over 5 years, cutting the return by 1.67% 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 1.52%) | $160 | $495 | $853 |
| Trading costs (broker commissions) | $8 | $24 | $41 |
| Lost growth on money paid in costs | $0 | $26 | $91 |
| Total costs | $167 | $544 | $984 |
| Value after costs | $10,333 | $11,032 | $11,779 |
| Impact on return, per year | 1.67% | 1.67% | 1.67% |
SUNAX 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): 0.0722%
- Total broker commissions: $19K
- Bought from dealers (principal trades, not a cost): $2.5B
- Portfolio turnover (prospectus): 1%
- Securities lending: none during the year
SUNAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $18K | 98.20% |
| RBC Capital Markets, LLC | $144 | 0.77% |
| BMO Capital Markets Corp. | $120 | 0.64% |
| Sanford C. Bernstein & Co., LLC | $43 | 0.23% |
| Jefferies LLC | $28 | 0.15% |
SUNAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Deutsche Bank Securities Inc. | $450.0M | 18.07% |
| BofA Securities, Inc. | $449.0M | 18.03% |
| Natwest Markets Securities Inc. | $437.9M | 17.58% |
| J.P. Morgan Securities LLC | $427.4M | 17.16% |
| Barclays Capital Inc. | $403.8M | 16.21% |
| BNP Paribas Securities Corp. | $309.7M | 12.44% |
| Morgan Stanley & Co. LLC | $6.5M | 0.26% |
| Goldman Sachs & Co. LLC | $3.0M | 0.12% |
| Nomura Securities International, Inc. | $1.8M | 0.07% |
| StoneX Group Inc. | $1.3M | 0.05% |
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.