ACYIX Fees and Costs — High-Yield Fund, R5 Class
Data updated: 2026-08-28
The net expense ratio is 0.49%: a 0.47% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1K in broker commissions, 0.0015% of average net assets, and portfolio turnover was 116%.
ACYIX Fees and Expenses
Annual operating expenses and sales charges of ACYIX. Prospectus, as of August 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.47% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.49% |
| Fee waiver | — |
| Net expense ratio | 0.49% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
ACYIX Costs Over Time
On $10,000 invested in ACYIX, assuming 5% a year before costs, total costs come to $311 over 5 years, cutting the return by 0.52% 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 0.49%) | $51 | $161 | $281 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $8 | $28 |
| Total costs | $52 | $170 | $311 |
| Value after costs | $10,448 | $11,406 | $12,452 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
ACYIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0015%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $374.2M
- Portfolio turnover (prospectus): 116%
- Securities on loan, average value: $8.0M
- Net income from securities lending: $66K (0.077% of average net assets)
ACYIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $516 | 38.61% |
| BANK OF AMERICA MERRILL LYNCH | $497 | 37.24% |
| MORGAN STANLEY | $266 | 19.88% |
| BERNSTEIN INSTITUTIONAL SERVICES | $57 | 4.27% |
ACYIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL MARKETS | $105.3M | 31.51% |
| J.P. MORGAN SECURITIES | $97.0M | 29.02% |
| MORGAN STANLEY | $25.5M | 7.63% |
| JANE STREET GROUP LLC | $22.7M | 6.78% |
| GOLDMAN SACHS | $22.3M | 6.67% |
| BANK OF AMERICA MERRILL LYNCH | $16.1M | 4.81% |
| MARKETAXESS CORPORATION | $12.4M | 3.72% |
| BARCLAYS CAPITAL | $12.0M | 3.60% |
| BANK OF NEW YORK | $11.4M | 3.41% |
| CITIGROUP CAPITAL MARKETS INC. | $9.5M | 2.85% |
High-Yield Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| AHYDX | R6 Class | 0.44% | none |
| ACYIX | R5 Class | 0.49% | none |
| AHYLX | Y Class | 0.49% | none |
| AHYHX | I Class | 0.59% | none |
| ABHIX | Investor Class | 0.69% | none |
| AHYVX | A Class | 0.94% | 4.50% |
| AHYRX | R Class | 1.19% | none |
| AHDCX | C Class | 1.69% | 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.