ASAMX Fees and Costs — Strategic Allocation: Moderate Fund, I Class
Data updated: 2026-10-14
The net expense ratio is 0.63% (1.06% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $137K in broker commissions, 0.0178% of average net assets, and portfolio turnover was 75%.
ASAMX Fees and Expenses
Annual operating expenses and sales charges of ASAMX. Prospectus, as of December 1, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 1.06% |
| Fee waiver | −0.43% |
| Net expense ratio | 0.63% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
ASAMX Costs Over Time
On $10,000 invested in ASAMX, assuming 5% a year before costs, total costs come to $408 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 0.63%) | $66 | $207 | $361 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $11 | $37 |
| Total costs | $68 | $224 | $408 |
| Value after costs | $10,432 | $11,353 | $12,355 |
| Impact on return, per year | 0.68% | 0.68% | 0.68% |
ASAMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0178%
- Total broker commissions: $137K
- Bought from dealers (principal trades, not a cost): $1.4B
- Portfolio turnover (prospectus): 75%
ASAMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA MERRILL LYNCH | $20K | 21.84% |
| JANE STREET GROUP LLC | $15K | 16.23% |
| CITIGROUP CAPITAL MARKETS INC. | $11K | 11.32% |
| J.P. MORGAN SECURITIES | $9K | 10.19% |
| MORGAN STANLEY | $9K | 9.33% |
| CITADEL SECURITIES CSHC US LLC | $7K | 6.99% |
| UBS WARBURG | $6K | 6.77% |
| JEFFERIES LLC | $6K | 6.30% |
| BERNSTEIN INSTITUTIONAL SERVICES | $6K | 6.22% |
| BARCLAYS CAPITAL | $4K | 4.81% |
ASAMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES | $334.0M | 26.49% |
| CITIGROUP CAPITAL MARKETS INC. | $271.3M | 21.52% |
| BARCLAYS CAPITAL | $184.5M | 14.63% |
| MORGAN STANLEY | $132.3M | 10.49% |
| BANK OF AMERICA MERRILL LYNCH | $97.9M | 7.76% |
| UBS WARBURG | $80.0M | 6.35% |
| GOLDMAN SACHS | $64.7M | 5.13% |
| RBC CAPITAL MARKETS | $56.5M | 4.48% |
| BMO CAPITAL MARKETS | $21.5M | 1.71% |
| JEFFERIES LLC | $18.1M | 1.44% |
Strategic Allocation: Moderate Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ASMDX | R6 Class | 0.48% | none |
| ASAMX | I Class | 0.63% | none |
| ASMUX | R5 Class | 0.63% | none |
| TWSMX | Investor Class | 0.83% | none |
| ACOAX | A Class | 1.08% | 5.75% |
| ASMRX | R Class | 1.33% | none |
| ASTCX | C Class | 1.83% | 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.