ARYYX Fees and Costs — Global Real Estate Fund, Y Class
Data updated: 2026-09-29
The net expense ratio is 0.76%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $838K in broker commissions, 0.0998% of average net assets, and portfolio turnover was 137%.
ARYYX Fees and Expenses
Annual operating expenses and sales charges of ARYYX. Prospectus, as of March 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.76% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.76% |
| Fee waiver | — |
| Net expense ratio | 0.76% |
| 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 |
ARYYX Costs Over Time
On $10,000 invested in ARYYX, assuming 5% a year before costs, total costs come to $539 over 5 years, cutting the return by 0.90% 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 0.76%) | $80 | $249 | $433 |
| Trading costs (broker commissions) | $10 | $33 | $57 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $90 | $296 | $539 |
| Value after costs | $10,410 | $11,280 | $12,223 |
| Impact on return, per year | 0.90% | 0.90% | 0.90% |
ARYYX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0998%
- Total broker commissions: $838K
- Bought from dealers (principal trades, not a cost): $2.3B
- Portfolio turnover (prospectus): 137%
- Securities on loan, average value: $6.3M
- Net income from securities lending: $32K (0.004% of average net assets)
ARYYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP CAPITAL MARKETS INC. | $92K | 14.95% |
| J.P. MORGAN SECURITIES | $86K | 13.93% |
| MORGAN STANLEY | $74K | 11.96% |
| EVERCORE ISI INVESTMENT GROUP | $68K | 11.00% |
| BANK OF AMERICA MERRILL LYNCH | $66K | 10.71% |
| JEFFERIES LLC | $56K | 8.98% |
| UBS WARBURG | $55K | 8.94% |
| BERNSTEIN INSTITUTIONAL SERVICES | $48K | 7.72% |
| MIZUHO SEC. USA LLC | $43K | 6.88% |
| BARCLAYS CAPITAL | $30K | 4.92% |
ARYYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STATE STREET GLOBAL MARKETS LLC | $1.6B | 71.00% |
| BMO CAPITAL MARKETS | $181.1M | 7.88% |
| GOLDMAN SACHS | $133.5M | 5.81% |
| J.P. MORGAN SECURITIES | $116.1M | 5.05% |
| BANK OF AMERICA MERRILL LYNCH | $82.7M | 3.60% |
| UBS WARBURG | $70.9M | 3.09% |
| MORGAN STANLEY | $42.2M | 1.84% |
| CITIGROUP CAPITAL MARKETS INC. | $31.4M | 1.36% |
| CIBC WORLD MARKETS (CANADIAN IMPERIAL BANK) | $6.3M | 0.27% |
| BERNSTEIN INSTITUTIONAL SERVICES | $2.3M | 0.10% |
Global Real Estate Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ACIWX | G Class | 0.00% | none |
| ARYDX | R6 Class | 0.76% | none |
| ARYYX | Y Class | 0.76% | none |
| ARYGX | R5 Class | 0.91% | none |
| ARYNX | I Class | 0.91% | none |
| ARYVX | Investor Class | 1.11% | none |
| ARYMX | A Class | 1.36% | 5.75% |
| ARYWX | R Class | 1.61% | none |
| ARYTX | C Class | 2.11% | 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.