ACIOX Fees and Costs — International Opportunities Fund, I Class
Data updated: 2026-07-29
The net expense ratio is 1.26%: a 1.30% management fee plus 0.01% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $572K in broker commissions, 0.1191% of average net assets, and portfolio turnover was 119%.
ACIOX Fees and Expenses
Annual operating expenses and sales charges of ACIOX. Prospectus, as of April 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 1.31% |
| Fee waiver | −0.05% |
| Net expense ratio | 1.26% |
| 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 | No |
ACIOX Costs Over Time
On $10,000 invested in ACIOX, assuming 5% a year before costs, total costs come to $856 over 5 years, cutting the return by 1.45% 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 1.26%) | $132 | $411 | $710 |
| Trading costs (broker commissions) | $13 | $39 | $67 |
| Lost growth on money paid in costs | $0 | $22 | $79 |
| Total costs | $145 | $472 | $856 |
| Value after costs | $10,355 | $11,104 | $11,907 |
| Impact on return, per year | 1.45% | 1.45% | 1.45% |
ACIOX 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): 0.1191%
- Total broker commissions: $572K
- Bought from dealers (principal trades, not a cost): $1.1B
- Portfolio turnover (prospectus): 119%
- Securities on loan, average value: $21.8M
- Net income from securities lending: $272K (0.057% of average net assets)
ACIOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES | $60K | 15.62% |
| CITIGROUP CAPITAL MARKETS INC. | $57K | 14.96% |
| UBS WARBURG | $46K | 12.04% |
| JEFFERIES LLC | $45K | 11.86% |
| MORGAN STANLEY | $40K | 10.57% |
| MACQUARIE SECURITIES | $39K | 10.34% |
| DAIWA SECURITIES GROUP | $25K | 6.51% |
| GOLDMAN SACHS | $24K | 6.39% |
| BANK OF AMERICA MERRILL LYNCH | $23K | 6.05% |
| BERNSTEIN INSTITUTIONAL SERVICES | $22K | 5.65% |
ACIOX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STATE STREET GLOBAL MARKETS LLC | $496.9M | 43.73% |
| GOLDMAN SACHS | $190.1M | 16.72% |
| J.P. MORGAN SECURITIES | $129.9M | 11.43% |
| BANK OF AMERICA MERRILL LYNCH | $95.8M | 8.43% |
| UBS WARBURG | $73.3M | 6.45% |
| MORGAN STANLEY | $58.9M | 5.18% |
| CITIGROUP CAPITAL MARKETS INC. | $44.8M | 3.94% |
| BMO CAPITAL MARKETS | $44.6M | 3.92% |
| RBC CAPITAL MARKETS | $1.7M | 0.15% |
| CARNEGIE INC. | $360K | 0.03% |
International Opportunities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ACIOX | I Class | 1.26% | none |
| AIOIX | Investor Class | 1.46% | none |
| AIVOX | A Class | 1.71% | 5.75% |
| AIORX | R Class | 1.96% | none |
| AIOCX | C Class | 2.46% | 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.