AASTX Fees and Costs — Limited Duration Fund, A Shares
Data updated: 2026-07-27
The net expense ratio is 0.76%: a 0.15% management fee, a 0.25% 12b-1 fee plus 0.91% other expenses, less a 0.56% fee waiver. This share class carries a maximum front-end sales load of 2.00% and a deferred sales charge of up to 1.00%. Portfolio turnover was 6%.
AASTX Fees and Expenses
Annual operating expenses and sales charges of AASTX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.91% |
| Gross expense ratio | 1.32% |
| Fee waiver | −0.56% |
| Net expense ratio | 0.76% |
| Sales charges | |
|---|---|
| Max front load | 2.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
AASTX Costs Over Time
On $10,000 invested in AASTX, assuming 5% a year before costs, total costs come to $723 over 5 years, cutting the return by 1.22% 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 |
| Sales charges | $302 | $200 | $200 |
| Fund expenses (net expense ratio 0.76%) | $78 | $245 | $425 |
| Lost growth on money paid in costs | $10 | $44 | $98 |
| Total costs | $390 | $488 | $723 |
| Value after costs | $10,110 | $11,088 | $12,039 |
| Impact on return, per year | 3.90% | 1.50% | 1.22% |
AASTX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $33.5M
- Portfolio turnover (prospectus): 6%
- Securities lending: none during the year
AASTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOK Financial Securities, Inc. | $25.3M | 76.74% |
| BMO Capital Markets Corp. | $2.3M | 6.83% |
| BofA Securities, Inc. | $1.2M | 3.70% |
| MarketAxess Corporation | $1.1M | 3.19% |
| Wells Fargo Securities, LLC | $637K | 1.93% |
| J.P. Morgan Securities LLC | $630K | 1.91% |
| TD Securities (USA) LLC | $545K | 1.65% |
| StoneX Financial Inc. | $523K | 1.58% |
| Goldman Sachs & Co. LLC | $449K | 1.36% |
| PNC Bank, National Association | $366K | 1.11% |
Limited Duration Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| AISTX | Institutional Shares | 0.51% | none |
| AASTX | A Shares | 0.76% | 2.00% |
| APSTX | Investor Shares | 0.76% | none |
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.