AMVTX Fees and Costs — Shenkman Capital Short Duration High Income Fund
Data updated: 2026-08-24
The net expense ratio is 0.65%: a 0.55% management fee plus 0.10% other expenses. This share class carries a redemption fee of 1.00%. Portfolio turnover was 72%.
AMVTX Fees and Expenses
Annual operating expenses and sales charges of AMVTX. Prospectus, as of January 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 0.65% |
| Fee waiver | — |
| Net expense ratio | 0.65% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
AMVTX Costs Over Time
On $10,000 invested in AMVTX, assuming 5% a year before costs, total costs come to $409 over 5 years, cutting the return by 0.68% 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 0.65%) | $68 | $214 | $372 |
| Lost growth on money paid in costs | $0 | $11 | $37 |
| Total costs | $68 | $224 | $409 |
| Value after costs | $10,432 | $11,352 | $12,353 |
| Impact on return, per year | 0.68% | 0.68% | 0.68% |
AMVTX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.5B
- Portfolio turnover (prospectus): 72%
- Securities lending: none during the year
AMVTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $362.7M | 26.33% |
| BOFAML SECURITIES INC | $227.3M | 16.50% |
| BARCLAYS CAPITAL INC | $203.8M | 14.79% |
| GOLDMAN SACHS AND CO LLC | $173.3M | 12.58% |
| CITIGROUP GLOBAL MARKETS INC | $94.9M | 6.89% |
| JEFFERIES LLC | $90.5M | 6.57% |
| WELLS FARGO SECURITIES LLC | $78.7M | 5.72% |
| MORGAN STANLEY AND CO LLC | $53.5M | 3.89% |
| DEUTSCHE BANK SECURITIES INC. | $48.3M | 3.51% |
| BNP PARIBAS SECURITIES CORP | $44.5M | 3.23% |
Shenkman Capital Short Duration High Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| AMVTX | C000241157 | 0.65% | none |
| SCFIX | Institutional Class | 0.65% | none |
| SCFFX | Class F | 0.75% | none |
| SCFAX | Class A | 1.00% | 3.00% |
| SCFCX | Class C | 1.75% | 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.