AHMRX Fees and Costs — American Beacon AHL Multi-Alternatives Fund, R6 Class
Data updated: 2025-11-26
The net expense ratio is 1.23%: a 1.13% management fee plus 1.46% other expenses, less a 1.36% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $21K in broker commissions, 0.0584% of average net assets, and portfolio turnover was 141%.
AHMRX Fees and Expenses
Annual operating expenses and sales charges of AHMRX. Prospectus, as of April 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.13% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.46% |
| Gross expense ratio | 2.59% |
| Fee waiver | −1.36% |
| Net expense ratio | 1.23% |
| 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 |
AHMRX Costs Over Time
On $10,000 invested in AHMRX, assuming 5% a year before costs, total costs come to $801 over 5 years, cutting the return by 1.35% 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 1.23%) | $129 | $402 | $695 |
| Trading costs (broker commissions) | $6 | $19 | $33 |
| Lost growth on money paid in costs | $0 | $21 | $74 |
| Total costs | $135 | $442 | $801 |
| Value after costs | $10,365 | $11,135 | $11,962 |
| Impact on return, per year | 1.35% | 1.35% | 1.35% |
AHMRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0584%
- Total broker commissions: $21K
- Bought from dealers (principal trades, not a cost): $104.6M
- Portfolio turnover (prospectus): 141%
- Securities lending: none during the year
AHMRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $12K | 54.13% |
| J.P. Morgan Securities LLC | $7K | 33.94% |
| Goldman Sachs & Co. LLC | $3K | 11.93% |
AHMRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BMO Capital Markets Corp. | $18.2M | 17.74% |
| Barclays Capital Inc. | $16.5M | 16.07% |
| Morgan Stanley & Co. LLC | $13.3M | 12.94% |
| Goldman Sachs & Co. LLC | $10.9M | 10.56% |
| Citadel Securities LLC | $10.6M | 10.30% |
| J.P. Morgan Securities LLC | $10.2M | 9.94% |
| Citigroup Global Markets Inc. | $9.6M | 9.37% |
| Nomura Securities International, Inc. | $7.7M | 7.48% |
| BofA Securities, Inc. | $4.3M | 4.15% |
| HSBC Securities (USA) Inc. | $1.5M | 1.46% |
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.