ASDVX Fees and Costs — Short Duration Strategic Income Fund, Investor Class
Data updated: 2026-08-28
The net expense ratio is 0.52%: a 0.51% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $38K in broker commissions, 0.0048% of average net assets, and portfolio turnover was 156%.
ASDVX Fees and Expenses
Annual operating expenses and sales charges of ASDVX. Prospectus, as of August 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.51% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.52% |
| Fee waiver | — |
| Net expense ratio | 0.52% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
ASDVX Costs Over Time
On $10,000 invested in ASDVX, assuming 5% a year before costs, total costs come to $331 over 5 years, cutting the return by 0.55% 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 0.52%) | $55 | $171 | $298 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $9 | $30 |
| Total costs | $55 | $181 | $331 |
| Value after costs | $10,445 | $11,395 | $12,431 |
| Impact on return, per year | 0.55% | 0.55% | 0.55% |
ASDVX 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): 0.0048%
- Total broker commissions: $38K
- Bought from dealers (principal trades, not a cost): $6.1B
- Portfolio turnover (prospectus): 156%
- Securities lending: none during the year
ASDVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BANK OF AMERICA MERRILL LYNCH | $36K | 95.45% |
| JANE STREET GROUP LLC | $839 | 2.21% |
| MORGAN STANLEY | $604 | 1.59% |
| JEFFERIES LLC | $204 | 0.54% |
| BERNSTEIN INSTITUTIONAL SERVICES | $81 | 0.21% |
ASDVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STATE STREET GLOBAL MARKETS LLC | $3.6B | 69.39% |
| J.P. MORGAN SECURITIES | $293.3M | 5.73% |
| BARCLAYS CAPITAL | $233.7M | 4.56% |
| BANK OF AMERICA MERRILL LYNCH | $201.7M | 3.94% |
| BMO CAPITAL MARKETS | $189.4M | 3.70% |
| CITIGROUP CAPITAL MARKETS INC. | $170.6M | 3.33% |
| GOLDMAN SACHS | $134.2M | 2.62% |
| DEUTSCHE BANK | $134.0M | 2.62% |
| MORGAN STANLEY | $122.0M | 2.38% |
| WELLS FARGO SECURITIES | $88.7M | 1.73% |
Short Duration Strategic 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 |
|---|---|---|---|
| ASXDX | R6 Class | 0.27% | none |
| ASDJX | R5 Class | 0.32% | none |
| ASYDX | Y Class | 0.32% | none |
| ASDHX | I Class | 0.42% | none |
| ASDVX | Investor Class | 0.52% | none |
| ASADX | A Class | 0.77% | 2.25% |
| ASDRX | R Class | 1.02% | none |
| ASCDX | C Class | 1.52% | 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.