AEYRX Fees and Costs — Disciplined Core Equity Fund, R Class
Data updated: 2026-09-14
The net expense ratio is 1.15%: a 0.65% management fee plus a 0.50% 12b-1 fee. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $469K in broker commissions, 0.0257% of average net assets, and portfolio turnover was 73%.
AEYRX Fees and Expenses
Annual operating expenses and sales charges of AEYRX. Prospectus, as of November 1, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.00% |
| Gross expense ratio | 1.15% |
| Fee waiver | — |
| Net expense ratio | 1.15% |
| 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 |
AEYRX Costs Over Time
On $10,000 invested in AEYRX, assuming 5% a year before costs, total costs come to $733 over 5 years, cutting the return by 1.23% 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 1.15%) | $121 | $376 | $651 |
| Trading costs (broker commissions) | $3 | $8 | $15 |
| Lost growth on money paid in costs | $0 | $19 | $67 |
| Total costs | $123 | $404 | $733 |
| Value after costs | $10,377 | $11,173 | $12,030 |
| Impact on return, per year | 1.23% | 1.23% | 1.23% |
AEYRX 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): 0.0257%
- Total broker commissions: $469K
- Bought from dealers (principal trades, not a cost): $2.2B
- Portfolio turnover (prospectus): 73%
- Securities lending: none during the year
AEYRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $57K | 16.74% |
| BANK OF AMERICA MERRILL LYNCH | $51K | 14.84% |
| JEFFERIES LLC | $43K | 12.53% |
| J.P. MORGAN SECURITIES | $42K | 12.26% |
| CITIGROUP CAPITAL MARKETS INC. | $35K | 10.24% |
| BERNSTEIN INSTITUTIONAL SERVICES | $34K | 9.93% |
| RAYMOND JAMES | $25K | 7.34% |
| ROBERT W BAIRD | $21K | 6.02% |
| PIPER SANDLER & CO | $19K | 5.60% |
| KEYBANC CAPITAL MARKETS | $15K | 4.51% |
AEYRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STATE STREET GLOBAL MARKETS LLC | $2.2B | 99.02% |
| BMO CAPITAL MARKETS | $21.5M | 0.98% |
Disciplined Core Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| AEYGX | R5 Class | 0.45% | none |
| AMEIX | I Class | 0.45% | none |
| BEQGX | Investor Class | 0.65% | none |
| BEQAX | A Class | 0.90% | 5.75% |
| AEYRX | R Class | 1.15% | none |
| AEYCX | C Class | 1.65% | 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.