APORX Fees and Costs — Short Duration Inflation Protection Bond Fund, R Class
Data updated: 2026-08-28
The net expense ratio is 1.09%: a 0.56% management fee, a 0.50% 12b-1 fee plus 0.02% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $41K in broker commissions, 0.0028% of average net assets, and portfolio turnover was 59%.
APORX Fees and Expenses
Annual operating expenses and sales charges of APORX. Prospectus, as of August 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.56% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.02% |
| Gross expense ratio | 1.09% |
| Fee waiver | — |
| Net expense ratio | 1.09% |
| 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 |
APORX Costs Over Time
On $10,000 invested in APORX, assuming 5% a year before costs, total costs come to $682 over 5 years, cutting the return by 1.15% 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 1.09%) | $114 | $357 | $618 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $18 | $63 |
| Total costs | $115 | $375 | $682 |
| Value after costs | $10,385 | $11,201 | $12,081 |
| Impact on return, per year | 1.15% | 1.15% | 1.15% |
APORX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0028%
- Total broker commissions: $41K
- Bought from dealers (principal trades, not a cost): $10.9B
- Portfolio turnover (prospectus): 59%
- Securities lending: none during the year
APORX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA MERRILL LYNCH | $23K | 55.05% |
| MORGAN STANLEY | $9K | 22.95% |
| CITADEL SECURITIES CSHC US LLC | $3K | 7.27% |
| J.P. MORGAN SECURITIES | $3K | 6.39% |
| JANE STREET GROUP LLC | $2K | 4.81% |
| UBS WARBURG | $811 | 1.97% |
| JEFFERIES LLC | $458 | 1.11% |
| BERNSTEIN INSTITUTIONAL SERVICES | $181 | 0.44% |
APORX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL MARKETS | $3.1B | 30.07% |
| J.P. MORGAN SECURITIES | $3.1B | 29.82% |
| CITIGROUP CAPITAL MARKETS INC. | $1.7B | 16.27% |
| BARCLAYS CAPITAL | $742.5M | 7.18% |
| STATE STREET GLOBAL MARKETS LLC | $366.2M | 3.54% |
| BMO CAPITAL MARKETS | $331.1M | 3.20% |
| BANK OF AMERICA MERRILL LYNCH | $313.8M | 3.04% |
| MORGAN STANLEY | $245.5M | 2.37% |
| BANK OF NEW YORK | $239.5M | 2.32% |
| R. SEELAUS & CO., LLC | $224.9M | 2.18% |
Short Duration Inflation Protection Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| APOGX | G Class | 0.03% | none |
| APODX | R6 Class | 0.34% | none |
| APISX | R5 Class | 0.39% | none |
| APOYX | Y Class | 0.39% | none |
| APOHX | I Class | 0.49% | none |
| APOIX | Investor Class | 0.59% | none |
| APOAX | A Class | 0.84% | 2.25% |
| APORX | R Class | 1.09% | none |
| APOCX | C Class | 1.59% | 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.