AACIX Fees and Costs — American Beacon Mid-Cap Value Fund, R5 Class
Data updated: 2022-09-27
The net expense ratio is 0.91%: a 0.83% management fee plus 0.25% other expenses, less a 0.17% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $196K in broker commissions, 0.0876% of average net assets, and portfolio turnover was 30%.
AACIX Fees and Expenses
Annual operating expenses and sales charges of AACIX. Prospectus, as of February 28, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.83% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.25% |
| Gross expense ratio | 1.08% |
| Fee waiver | −0.17% |
| Net expense ratio | 0.91% |
| 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 | No |
AACIX Costs Over Time
On $10,000 invested in AACIX, assuming 5% a year before costs, total costs come to $624 over 5 years, cutting the return by 1.05% 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 0.91%) | $96 | $298 | $517 |
| Trading costs (broker commissions) | $9 | $29 | $50 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $105 | $343 | $624 |
| Value after costs | $10,395 | $11,233 | $12,139 |
| Impact on return, per year | 1.05% | 1.05% | 1.05% |
AACIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0876%
- Total broker commissions: $196K
- Bought from dealers (principal trades, not a cost): $551.0M
- Portfolio turnover (prospectus): 30%
- Securities on loan, average value: $2.8M
- Net income from securities lending: $8K (0.003% of average net assets)
AACIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Sanford C. Bernstein & Co., LLC | $22K | 16.20% |
| BofA Securities, Inc. | $22K | 15.98% |
| Broadcort Capital Corp. | $19K | 14.03% |
| Virtu Americas LLC | $15K | 11.04% |
| Russell Investments Limited | $13K | 9.95% |
| J.P. Morgan Securities LLC | $12K | 8.70% |
| Goldman Sachs & Co. LLC | $11K | 8.19% |
| Pershing LLC | $9K | 6.45% |
| Cantor Fitzgerald & Co. | $7K | 5.36% |
| Stifel, Nicolaus & Company, Incorporated | $6K | 4.09% |
AACIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $548.0M | 99.46% |
| Barclays Capital Inc. | $1.6M | 0.30% |
| Citigroup Global Markets Inc. | $1.2M | 0.21% |
| J.P. Morgan Securities LLC | $139K | 0.03% |
| Broadcort Capital Corp. | $19K | 0.00% |
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.