AISTX Fees and Costs — Limited Duration Fund, Institutional Shares
Data updated: 2026-07-27
The net expense ratio is 0.51%: a 0.15% management fee plus 1.06% other expenses, less a 0.71% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 6%.
AISTX Fees and Expenses
Annual operating expenses and sales charges of AISTX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | — |
| Other expenses | 1.06% |
| Gross expense ratio | 1.22% |
| Fee waiver | −0.71% |
| Net expense ratio | 0.51% |
| 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 | No |
AISTX Costs Over Time
On $10,000 invested in AISTX, assuming 5% a year before costs, total costs come to $322 over 5 years, cutting the return by 0.54% 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 0.51%) | $54 | $168 | $293 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $54 | $176 | $322 |
| Value after costs | $10,446 | $11,400 | $12,441 |
| Impact on return, per year | 0.54% | 0.54% | 0.54% |
AISTX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $33.5M
- Portfolio turnover (prospectus): 6%
- Securities lending: none during the year
AISTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOK Financial Securities, Inc. | $25.3M | 76.74% |
| BMO Capital Markets Corp. | $2.3M | 6.83% |
| BofA Securities, Inc. | $1.2M | 3.70% |
| MarketAxess Corporation | $1.1M | 3.19% |
| Wells Fargo Securities, LLC | $637K | 1.93% |
| J.P. Morgan Securities LLC | $630K | 1.91% |
| TD Securities (USA) LLC | $545K | 1.65% |
| StoneX Financial Inc. | $523K | 1.58% |
| Goldman Sachs & Co. LLC | $449K | 1.36% |
| PNC Bank, National Association | $366K | 1.11% |
Limited Duration Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| AISTX | Institutional Shares | 0.51% | none |
| AASTX | A Shares | 0.76% | 2.00% |
| APSTX | Investor Shares | 0.76% | 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.