ACECX Fees and Costs — Emerging Markets Fund, C Class
Data updated: 2026-07-29
The net expense ratio is 2.26%: a 1.25% management fee, a 1.00% 12b-1 fee plus 0.01% other expenses. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $2.0M in broker commissions, 0.1136% of average net assets, and portfolio turnover was 58%.
ACECX Fees and Expenses
Annual operating expenses and sales charges of ACECX. Prospectus, as of April 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 2.26% |
| Fee waiver | — |
| Net expense ratio | 2.26% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
ACECX Costs Over Time
On $10,000 invested in ACECX, assuming 5% a year before costs, total costs come to $1,444 over 5 years, cutting the return by 2.49% 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 |
| Sales charges | $103 | $0 | $0 |
| Fund expenses (net expense ratio 2.26%) | $237 | $730 | $1,248 |
| Trading costs (broker commissions) | $12 | $37 | $63 |
| Lost growth on money paid in costs | $0 | $38 | $134 |
| Total costs | $352 | $805 | $1,444 |
| Value after costs | $10,148 | $10,771 | $11,318 |
| Impact on return, per year | 3.52% | 2.49% | 2.49% |
ACECX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1136%
- Total broker commissions: $2.0M
- Bought from dealers (principal trades, not a cost): $3.5B
- Portfolio turnover (prospectus): 58%
- Securities on loan, average value: $34.5M
- Net income from securities lending: $297K (0.017% of average net assets)
ACECX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES | $410K | 21.94% |
| UBS WARBURG | $310K | 16.60% |
| BANK OF AMERICA MERRILL LYNCH | $250K | 13.39% |
| CITIGROUP CAPITAL MARKETS INC. | $242K | 12.92% |
| MACQUARIE SECURITIES | $197K | 10.55% |
| JEFFERIES LLC | $164K | 8.75% |
| CITIC SECURITIES CO. LTD | $89K | 4.75% |
| GOLDMAN SACHS | $81K | 4.31% |
| MORGAN STANLEY | $64K | 3.41% |
| HSBC SECURITIES INCORPORATED | $63K | 3.37% |
ACECX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STATE STREET GLOBAL MARKETS LLC | $2.8B | 78.73% |
| BMO CAPITAL MARKETS | $257.8M | 7.28% |
| UBS WARBURG | $155.5M | 4.39% |
| BANK OF AMERICA MERRILL LYNCH | $126.2M | 3.56% |
| J.P. MORGAN SECURITIES | $79.7M | 2.25% |
| GOLDMAN SACHS | $59.3M | 1.67% |
| CITIGROUP CAPITAL MARKETS INC. | $44.3M | 1.25% |
| MORGAN STANLEY | $30.5M | 0.86% |
Emerging Markets Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ACADX | G Class | 0.01% | none |
| AEDMX | R6 Class | 0.91% | none |
| AEYMX | Y Class | 0.91% | none |
| AEGMX | R5 Class | 1.06% | none |
| AMKIX | I Class | 1.06% | none |
| TWMIX | Investor Class | 1.26% | none |
| AEMMX | A Class | 1.51% | 5.75% |
| AEMRX | R Class | 1.76% | none |
| ACECX | C Class | 2.26% | 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.