AHLPX Fees and Costs — American Beacon AHL Managed Futures Strategy Fund, Investor Class
Data updated: 2026-08-11
The net expense ratio is 1.93% (2.17% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2.3M in broker commissions, 0.1022% of average net assets, and portfolio turnover was 0%.
AHLPX Fees and Expenses
Annual operating expenses and sales charges of AHLPX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.80% |
| Gross expense ratio | 2.17% |
| Fee waiver | −0.24% |
| Net expense ratio | 1.93% |
| 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 | Yes |
AHLPX Costs Over Time
On $10,000 invested in AHLPX, assuming 5% a year before costs, total costs come to $1,245 over 5 years, cutting the return by 2.13% 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 1.93%) | $203 | $626 | $1,073 |
| Trading costs (broker commissions) | $11 | $33 | $57 |
| Lost growth on money paid in costs | $0 | $33 | $115 |
| Total costs | $213 | $692 | $1,245 |
| Value after costs | $10,287 | $10,885 | $11,518 |
| Impact on return, per year | 2.13% | 2.13% | 2.13% |
AHLPX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1022%
- Total broker commissions: $2.3M
- Bought from dealers (principal trades, not a cost): $6.9B
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
AHLPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $1.2M | 52.40% |
| J.P. Morgan Securities LLC | $854K | 37.10% |
| Goldman Sachs & Co. LLC | $242K | 10.50% |
AHLPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital Inc. | $1.6B | 23.20% |
| Morgan Stanley & Co. LLC | $1.2B | 17.45% |
| BMO Capital Markets Corp. | $1.1B | 16.78% |
| Citigroup Global Markets Inc. | $887.7M | 13.14% |
| Nomura Securities International, Inc. | $655.0M | 9.70% |
| J.P. Morgan Securities LLC | $515.7M | 7.63% |
| BofA Securities, Inc. | $268.3M | 3.97% |
| Goldman Sachs & Co. LLC | $229.3M | 3.40% |
| Citadel Securities LLC | $195.4M | 2.89% |
| BNY Capital Markets, LLC | $124.0M | 1.84% |
American Beacon AHL Managed Futures Strategy Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| AHLIX | R5 Class | 1.56% | none |
| AHLYX | Y Class | 1.67% | none |
| AHLPX | Investor Class | 1.93% | none |
| AHLAX | A Class | 1.94% | 5.75% |
| AHLCX | C Class | 2.65% | 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.