TLESX Fees and Costs — AMG GW&K Emerging Markets Equity Fund, Class I
Data updated: 2024-03-25
The net expense ratio is 0.99%: a 0.55% management fee plus 0.61% other expenses, less a 0.17% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $20K in broker commissions, 0.0945% of average net assets, and portfolio turnover was 46%.
TLESX Fees and Expenses
Annual operating expenses and sales charges of TLESX. Prospectus, as of February 28, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.61% |
| Gross expense ratio | 1.16% |
| Fee waiver | −0.17% |
| Net expense ratio | 0.99% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
TLESX Costs Over Time
On $10,000 invested in TLESX, assuming 5% a year before costs, total costs come to $677 over 5 years, cutting the return by 1.14% 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 0.99%) | $104 | $324 | $561 |
| Trading costs (broker commissions) | $10 | $31 | $54 |
| Lost growth on money paid in costs | $0 | $18 | $62 |
| Total costs | $114 | $373 | $677 |
| Value after costs | $10,386 | $11,204 | $12,086 |
| Impact on return, per year | 1.14% | 1.14% | 1.14% |
TLESX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0945%
- Total broker commissions: $20K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 46%
- Securities on loan, average value: $516K
- Net income from securities lending: $2K (0.009% of average net assets)
TLESX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CLSA AMERICAS, LLC | $6K | 32.22% |
| UBS Securities LLC | $5K | 26.60% |
| CREDIT AGRICOLE SECURITIES (USA), INC. | $3K | 17.09% |
| JEFFERIES LLC | $2K | 12.00% |
| J.P. Morgan Securities LLC | $1K | 6.98% |
| Merrill Lynch Pierce Fenner & Smith Inc | $724 | 3.64% |
| KB Securities Co., Ltd | $246 | 1.23% |
| DEUTSCHE BANK SECURITIES INC. | $49 | 0.24% |
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.