ACHAX Fees and Costs — American Beacon Crescent Short Duration High Income Fund, A Class
Data updated: 2020-09-18
The net expense ratio is 1.15%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.43% other expenses, less a 0.29% fee waiver. This share class carries a maximum front-end sales load of 2.50% and a deferred sales charge of up to 0.50%. Portfolio turnover was 91%.
ACHAX Fees and Expenses
Annual operating expenses and sales charges of ACHAX. Prospectus, as of May 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.43% |
| Gross expense ratio | 1.44% |
| Fee waiver | −0.29% |
| Net expense ratio | 1.15% |
| Sales charges | |
|---|---|
| Max front load | 2.50% |
| Max deferred load | 0.50% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
ACHAX Costs Over Time
On $10,000 invested in ACHAX, assuming 5% a year before costs, total costs come to $1,018 over 5 years, cutting the return by 1.73% 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 | $301 | $250 | $250 |
| Fund expenses (net expense ratio 1.15%) | $118 | $367 | $635 |
| Lost growth on money paid in costs | $13 | $58 | $133 |
| Total costs | $431 | $674 | $1,018 |
| Value after costs | $10,069 | $10,902 | $11,744 |
| Impact on return, per year | 4.31% | 2.08% | 1.73% |
ACHAX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $169.1M
- Portfolio turnover (prospectus): 91%
- Securities lending: none during the year
ACHAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $50.7M | 32.37% |
| BofA Securities, Inc. | $23.2M | 14.83% |
| Goldman Sachs & Co. LLC | $19.8M | 12.62% |
| Barclays Capital Inc. | $17.4M | 11.08% |
| Citigroup Global Markets Inc. | $13.7M | 8.77% |
| Credit Suisse Securities (USA) LLC | $9.9M | 6.32% |
| Wells Fargo Securities, LLC | $8.6M | 5.48% |
| Morgan Stanley & Co. LLC | $5.5M | 3.54% |
| Jefferies LLC | $4.5M | 2.85% |
| RBC Capital Markets, LLC | $3.4M | 2.14% |
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.