ACHIX Fees and Costs — American Beacon Crescent Short Duration High Income Fund, Institutional Class
Data updated: 2020-09-18
The net expense ratio is 0.86%: a 0.75% management fee plus 0.40% other expenses, less a 0.30% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 91%.
ACHIX Fees and Expenses
Annual operating expenses and sales charges of ACHIX. Prospectus, as of May 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.40% |
| Gross expense ratio | 1.16% |
| Fee waiver | −0.30% |
| Net expense ratio | 0.86% |
| 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 |
ACHIX Costs Over Time
On $10,000 invested in ACHIX, assuming 5% a year before costs, total costs come to $539 over 5 years, cutting the return by 0.90% 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 0.86%) | $90 | $282 | $490 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $90 | $296 | $539 |
| Value after costs | $10,410 | $11,280 | $12,223 |
| Impact on return, per year | 0.90% | 0.90% | 0.90% |
ACHIX 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
ACHIX 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.