Fund Fees – Mutual Funds
Date that fund fee information is current is provided.
AIG Retirement Services receives 12b-1 fees and recordkeeping fees (Fee revenue from the mutual funds or their affiliates for administrative and shareholder services on funds that the account is invested in. Also, available is a display showing what percentage would be paid to AIG Retirement Services if the respective funds are invested in.. A table displays:
Ticker symbol – These are the characters (usually letters) used to uniquely identify a stock or mutual fund. Symbols with up to three letters are used for stocks that are listed and traded on an exchange. Symbols with four letters are used for NASDAQ stocks. Symbols with five letters are used for NASDAQ stocks other than single issues of common stock. Symbols with five letters ending in X are used for mutual funds.
Fund name- Clicking the fund name will open a new browser window. There, you will be provided a fund fact sheet (for annuity contracts only) or for a mutual fund account, you will be directed to the groups page which provides “Quick Links” where you can select “Funds”. This will direct you to a page where you can access the fund sheet, prospectus, annual report or semi-annual report.
CUSIP - is an acronym for Committee on Uniform Security Identification Procedures. This 9-character alphanumeric code identifies any North American security for clearing and settling trades.
The 12b-1 and service fees paid to AIG Retirement Services from the fund family - The 12b-1 fee is considered an operational expense and, as such, is included in a fund's expense ratio. It is generally between 0.25-1% (the maximum allowed) of a fund's net assets. The fee gets its name from a section in the Investment Company Act of 1940.
Recordkeeping administrative fees paid to AIG Retirement Services from fund family - Recordkeeping fees are paid by fund families for administrative services, such as individual participant accounting, customer service, printing and mailing account confirmations and statements, tax reporting, and all regulatory mailings. The recordkeeping fees are paid on a per participant basis or a set percentage and usually range from zero to 0.50% or up to $12 per participant. Funds may choose to pay higher recordkeeping fees instead of 12b-1 fees.
Total reimbursement paid to AIG Retirement Services – total percentage that is paid of the fund’s net assets to AIG Retirement Services for 12b-1, service fees and/or recordkeeping administrative fees that are paid by the fund.