AEMZX Fees and Costs — Acadian Emerging Markets Portfolio, Class I
Data updated: 2026-09-28
The net expense ratio is 1.10%: a 0.90% management fee plus 0.22% other expenses, less a 0.02% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $535K in broker commissions, 0.0418% of average net assets, and portfolio turnover was 75%.
AEMZX Fees and Expenses
Annual operating expenses and sales charges of AEMZX. Prospectus, as of March 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | — |
| Other expenses | 0.22% |
| Gross expense ratio | 1.12% |
| Fee waiver | −0.02% |
| Net expense ratio | 1.10% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
AEMZX Costs Over Time
On $10,000 invested in AEMZX, assuming 5% a year before costs, total costs come to $712 over 5 years, cutting the return by 1.20% 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 1.10%) | $116 | $360 | $623 |
| Trading costs (broker commissions) | $4 | $14 | $24 |
| Lost growth on money paid in costs | $0 | $19 | $65 |
| Total costs | $120 | $392 | $712 |
| Value after costs | $10,380 | $11,184 | $12,051 |
| Impact on return, per year | 1.20% | 1.20% | 1.20% |
AEMZX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0418%
- Total broker commissions: $535K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 75%
- Securities lending: none during the year
AEMZX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| HSBC | $98K | 18.96% |
| Instinet | $85K | 16.42% |
| UBS international | $72K | 13.97% |
| JP Morgan | $65K | 12.54% |
| Morgan Stanley and Co. | $57K | 11.00% |
| Credit USA | $48K | 9.24% |
| Citigroup | $45K | 8.77% |
| Goldman Sachs and Co. | $30K | 5.81% |
| Jefferies LLC | $10K | 1.90% |
| Guzman and Co. | $7K | 1.38% |
Acadian Emerging Markets Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| AEMZX | Class I | 1.10% | — |
| AEMVX | Class Y | 1.20% | — |
| AEMGX | Investor Class | 1.31% | — |
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.