ACCAX Fees and Costs — Strategic Allocation: Conservative Fund, A Class
Data updated: 2026-10-14
The net expense ratio is 1.08% (1.38% before fee waivers). This share class carries a maximum front-end sales load of 5.75%. In fiscal 2026 the fund paid $44K in broker commissions, 0.0156% of average net assets, and portfolio turnover was 95%.
ACCAX Fees and Expenses
Annual operating expenses and sales charges of ACCAX. Prospectus, as of December 1, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.01% |
| Gross expense ratio | 1.38% |
| Fee waiver | −0.30% |
| Net expense ratio | 1.08% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 0.00% |
| Redemption fee | — |
ACCAX Costs Over Time
On $10,000 invested in ACCAX, assuming 5% a year before costs, total costs come to $1,379 over 5 years, cutting the return by 2.37% 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 | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.08%) | $107 | $333 | $577 |
| Trading costs (broker commissions) | $2 | $5 | $8 |
| Lost growth on money paid in costs | $29 | $107 | $218 |
| Total costs | $712 | $1,020 | $1,379 |
| Value after costs | $9,788 | $10,556 | $11,384 |
| Impact on return, per year | 7.12% | 3.18% | 2.37% |
ACCAX 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): 0.0156%
- Total broker commissions: $44K
- Bought from dealers (principal trades, not a cost): $704.3M
- Portfolio turnover (prospectus): 95%
ACCAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA MERRILL LYNCH | $11K | 33.54% |
| JANE STREET GROUP LLC | $6K | 18.64% |
| CITIGROUP CAPITAL MARKETS INC. | $3K | 8.70% |
| J.P. MORGAN SECURITIES | $2K | 7.57% |
| MORGAN STANLEY | $2K | 7.22% |
| UBS WARBURG | $2K | 5.60% |
| CITADEL SECURITIES CSHC US LLC | $2K | 5.44% |
| BERNSTEIN INSTITUTIONAL SERVICES | $2K | 4.93% |
| JEFFERIES LLC | $1K | 4.60% |
| BARCLAYS CAPITAL | $1K | 3.75% |
ACCAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP CAPITAL MARKETS INC. | $149.2M | 24.03% |
| J.P. MORGAN SECURITIES | $138.7M | 22.34% |
| BARCLAYS CAPITAL | $105.7M | 17.02% |
| MORGAN STANLEY | $66.2M | 10.65% |
| BANK OF AMERICA MERRILL LYNCH | $45.2M | 7.27% |
| UBS WARBURG | $38.6M | 6.21% |
| GOLDMAN SACHS | $28.2M | 4.54% |
| RBC CAPITAL MARKETS | $26.5M | 4.26% |
| BMO CAPITAL MARKETS | $13.1M | 2.12% |
| BNP PARIBAS SECURITIES | $9.7M | 1.56% |
Strategic Allocation: Conservative Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| AACDX | R6 Class | 0.48% | none |
| AACGX | R5 Class | 0.63% | none |
| ACCIX | I Class | 0.63% | none |
| TWSCX | Investor Class | 0.83% | none |
| ACCAX | A Class | 1.08% | 5.75% |
| AACRX | R Class | 1.33% | none |
| AACCX | C Class | 1.83% | 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.