ADFIX Fees and Costs — Diversified Bond Fund, Investor Class
Data updated: 2026-08-28
The net expense ratio is 0.60%: a 0.59% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $294K in broker commissions, 0.0060% of average net assets, and portfolio turnover was 161%.
ADFIX Fees and Expenses
Annual operating expenses and sales charges of ADFIX. Prospectus, as of August 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.60% |
| Fee waiver | — |
| Net expense ratio | 0.60% |
| 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 |
ADFIX Costs Over Time
On $10,000 invested in ADFIX, assuming 5% a year before costs, total costs come to $382 over 5 years, cutting the return by 0.64% 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 0.60%) | $63 | $197 | $344 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $64 | $209 | $382 |
| Value after costs | $10,436 | $11,367 | $12,381 |
| Impact on return, per year | 0.64% | 0.64% | 0.64% |
ADFIX 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): 0.0060%
- Total broker commissions: $294K
- Bought from dealers (principal trades, not a cost): $50.8B
- Portfolio turnover (prospectus): 161%
- Securities lending: none during the year
ADFIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA MERRILL LYNCH | $272K | 92.82% |
| MORGAN STANLEY | $9K | 3.10% |
| JANE STREET GROUP LLC | $7K | 2.32% |
| JEFFERIES LLC | $4K | 1.51% |
| BERNSTEIN INSTITUTIONAL SERVICES | $749 | 0.26% |
ADFIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES | $12.9B | 29.46% |
| RBC CAPITAL MARKETS | $9.1B | 20.73% |
| CITIGROUP CAPITAL MARKETS INC. | $5.3B | 12.12% |
| BARCLAYS CAPITAL | $4.6B | 10.44% |
| STATE STREET GLOBAL MARKETS LLC | $3.6B | 8.31% |
| BANK OF AMERICA MERRILL LYNCH | $3.4B | 7.75% |
| BANK OF NEW YORK | $1.6B | 3.67% |
| R. SEELAUS & CO., LLC | $1.4B | 3.11% |
| WELLS FARGO SECURITIES | $1.0B | 2.40% |
| MORGAN STANLEY | $885.3M | 2.03% |
Diversified Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ACDOX | G Class | 0.01% | none |
| ADDVX | R6 Class | 0.35% | none |
| ADVYX | Y Class | 0.37% | none |
| ACBPX | I Class | 0.40% | none |
| ADRVX | R5 Class | 0.40% | none |
| ADFIX | Investor Class | 0.60% | none |
| ADFAX | A Class | 0.85% | 4.50% |
| ADVRX | R Class | 1.10% | none |
| CDBCX | C Class | 1.60% | 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.