ABCVX Fees and Costs — American Beacon The London Company Income Equity Fund, Investor Class
Data updated: 2026-10-15
The net expense ratio is 1.09%: a 0.66% management fee plus 0.43% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $206K in broker commissions, 0.0167% of average net assets, and portfolio turnover was 10%.
ABCVX Fees and Expenses
Annual operating expenses and sales charges of ABCVX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.66% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.43% |
| Gross expense ratio | 1.09% |
| Fee waiver | — |
| Net expense ratio | 1.09% |
| 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 | Yes |
ABCVX Costs Over Time
On $10,000 invested in ABCVX, assuming 5% a year before costs, total costs come to $691 over 5 years, cutting the return by 1.16% 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 1.09%) | $114 | $357 | $618 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $18 | $63 |
| Total costs | $116 | $380 | $691 |
| Value after costs | $10,384 | $11,196 | $12,072 |
| Impact on return, per year | 1.16% | 1.16% | 1.16% |
ABCVX 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): 0.0167%
- Total broker commissions: $206K
- Bought from dealers (principal trades, not a cost): $1.2B
- Portfolio turnover (prospectus): 10%
- Securities on loan, average value: $14.2M
- Net income from securities lending: $132K (0.011% of average net assets)
ABCVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Sanford C. Bernstein & Co., LLC | $56K | 29.65% |
| Anos Capital LLC | $25K | 13.31% |
| Stifel, Nicolaus & Company, Incorporated | $25K | 13.19% |
| Piper Sandler & Co. | $21K | 11.18% |
| Jefferies LLC | $16K | 8.30% |
| BNP Paribas Securities Corp. | $14K | 7.31% |
| North South Capital LLC | $9K | 4.89% |
| Goldman Sachs & Co. LLC | $9K | 4.57% |
| Loop Capital Markets LLC | $8K | 4.37% |
| RBC Capital Markets, LLC | $6K | 3.22% |
ABCVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $1.2B | 100.00% |
American Beacon The London Company Income Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ABCRX | R6 Class | 0.73% | none |
| ABCIX | R5 Class | 0.78% | none |
| ABCYX | Y Class | 0.83% | none |
| ABCAX | A Class | 1.08% | 5.75% |
| ABCVX | Investor Class | 1.09% | none |
| ABECX | C Class | 1.85% | 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.