ACDIX Fees and Costs — American Beacon Acadian Emerging Markets Managed Volatility Fund, Institutional Class
Data updated: 2020-06-29
The net expense ratio is 1.35%: a 1.00% management fee plus 0.71% other expenses, less a 0.36% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $17K in broker commissions, 0.0730% of average net assets, and portfolio turnover was 28%.
ACDIX Fees and Expenses
Annual operating expenses and sales charges of ACDIX. Prospectus, as of May 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.71% |
| Gross expense ratio | 1.71% |
| Fee waiver | −0.36% |
| Net expense ratio | 1.35% |
| 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 |
ACDIX Costs Over Time
On $10,000 invested in ACDIX, assuming 5% a year before costs, total costs come to $883 over 5 years, cutting the return by 1.49% 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 1.35%) | $142 | $440 | $760 |
| Trading costs (broker commissions) | $8 | $24 | $41 |
| Lost growth on money paid in costs | $0 | $23 | $81 |
| Total costs | $149 | $487 | $883 |
| Value after costs | $10,351 | $11,089 | $11,880 |
| Impact on return, per year | 1.49% | 1.49% | 1.49% |
ACDIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending January 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0730%
- Total broker commissions: $17K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 28%
- Securities on loan, average value: $18K
- Net income from securities lending: $83 (0.000% of average net assets)
ACDIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CLSA Americas, LLC | $3K | 18.02% |
| UBS Securities LLC | $3K | 16.10% |
| Goldman Sachs & Co. LLC | $2K | 14.76% |
| HSBC Securities (USA) Inc. | $2K | 10.80% |
| Morgan Stanley & Co. LLC | $2K | 10.79% |
| BofA Securities, Inc. | $1K | 8.85% |
| Societe Generale | $1K | 8.60% |
| Citigroup Global Markets Inc. | $1K | 7.32% |
| Credit Suisse Securities (USA) LLC | $390 | 2.47% |
| J.P. Morgan Securities LLC | $361 | 2.28% |
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.