ADNAX Fees and Costs — American Beacon ARK Transformational Innovation Fund, A Class
Data updated: 2026-09-28
The net expense ratio is 1.40%: a 0.90% management fee, a 0.25% 12b-1 fee plus 0.45% other expenses, less a 0.20% fee waiver. This share class carries a maximum front-end sales load of 5.75% and a deferred sales charge of up to 0.50%. In fiscal 2026 the fund paid $67K in broker commissions, 0.0347% of average net assets, and portfolio turnover was 46%.
ADNAX Fees and Expenses
Annual operating expenses and sales charges of ADNAX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.45% |
| Gross expense ratio | 1.60% |
| Fee waiver | −0.20% |
| Net expense ratio | 1.40% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| 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 |
ADNAX Costs Over Time
On $10,000 invested in ADNAX, assuming 5% a year before costs, total costs come to $1,572 over 5 years, cutting the return by 2.72% 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 | $624 | $575 | $575 |
| Fund expenses (net expense ratio 1.40%) | $139 | $430 | $743 |
| Trading costs (broker commissions) | $3 | $11 | $18 |
| Lost growth on money paid in costs | $29 | $113 | $236 |
| Total costs | $795 | $1,129 | $1,572 |
| Value after costs | $9,705 | $10,448 | $11,190 |
| Impact on return, per year | 7.95% | 3.53% | 2.72% |
ADNAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0347%
- Total broker commissions: $67K
- Bought from dealers (principal trades, not a cost): $134.4M
- Portfolio turnover (prospectus): 46%
- Securities on loan, average value: $14.6M
- Net income from securities lending: $277K (0.143% of average net assets)
ADNAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BNY Capital Markets, LLC | $25K | 38.04% |
| Goldman Sachs & Co. LLC | $15K | 22.91% |
| RBC Capital Markets, LLC | $6K | 9.39% |
| J.P. Morgan Securities LLC | $5K | 8.02% |
| Jefferies LLC | $4K | 5.80% |
| BofA Securities, Inc. | $3K | 5.28% |
| Raymond James & Associates, Inc. | $2K | 3.12% |
| Cantor Fitzgerald & Co. | $2K | 2.69% |
| Nomura Securities International, Inc. | $2K | 2.62% |
| TD Securities (USA) LLC | $1K | 2.13% |
ADNAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $123.6M | 91.94% |
| Goldman Sachs & Co. LLC | $7.1M | 5.32% |
| J.P. Morgan Securities LLC | $3.1M | 2.30% |
| Jefferies LLC | $385K | 0.29% |
| RBC Capital Markets, LLC | $162K | 0.12% |
| Morgan Stanley & Co. LLC | $49K | 0.04% |
American Beacon ARK Transformational Innovation Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ADNIX | R5 Class | 1.05% | none |
| ADNRX | R6 Class | 1.05% | none |
| ADNYX | Y Class | 1.14% | none |
| ADNPX | Investor Class | 1.38% | none |
| ADNAX | A Class | 1.40% | 5.75% |
| ADNCX | C Class | 2.16% | 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.