AAEZX Fees and Costs — Enhanced Fixed Income Fund
Data updated: 2026-10-14
The net expense ratio is 0.76% (0.96% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $6K in broker commissions, 0.0140% of average net assets, and portfolio turnover was 99%.
AAEZX Fees and Expenses
Annual operating expenses and sales charges of AAEZX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.53% |
| Gross expense ratio | 0.96% |
| Fee waiver | −0.20% |
| Net expense ratio | 0.76% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
AAEZX Costs Over Time
On $10,000 invested in AAEZX, assuming 5% a year before costs, total costs come to $486 over 5 years, cutting the return by 0.81% 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 0.76%) | $80 | $250 | $434 |
| Trading costs (broker commissions) | $1 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $13 | $44 |
| Total costs | $81 | $267 | $486 |
| Value after costs | $10,419 | $11,310 | $12,276 |
| Impact on return, per year | 0.81% | 0.81% | 0.81% |
AAEZX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0140%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 99%
AAEZX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JANE STREET EXECUTION SERVICES | $6K | 88.77% |
| J P MORGAN CHASE BANK | $406 | 6.27% |
| BAML | $322 | 4.97% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.