AZSPX Fees and Costs — American Beacon Zebra Small Cap Equity Fund, Investor Class
Data updated: 2023-07-27
The net expense ratio is 1.27%: a 0.90% management fee plus 0.70% other expenses, less a 0.33% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $101K in broker commissions, 0.1673% of average net assets, and portfolio turnover was 108%.
AZSPX Fees and Expenses
Annual operating expenses and sales charges of AZSPX. Prospectus, as of December 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.70% |
| Gross expense ratio | 1.60% |
| Fee waiver | −0.33% |
| Net expense ratio | 1.27% |
| 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 | Yes |
AZSPX Costs Over Time
On $10,000 invested in AZSPX, assuming 5% a year before costs, total costs come to $891 over 5 years, cutting the return by 1.51% 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 1.27%) | $133 | $414 | $715 |
| Trading costs (broker commissions) | $18 | $55 | $94 |
| Lost growth on money paid in costs | $0 | $23 | $82 |
| Total costs | $151 | $492 | $891 |
| Value after costs | $10,349 | $11,084 | $11,872 |
| Impact on return, per year | 1.51% | 1.51% | 1.51% |
AZSPX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.1673%
- Total broker commissions: $101K
- Bought from dealers (principal trades, not a cost): $68.9M
- Portfolio turnover (prospectus): 108%
- Securities on loan, average value: $1.6M
- Net income from securities lending: $6K (0.010% of average net assets)
AZSPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $53K | 52.60% |
| Morgan Stanley & Co. LLC | $47K | 46.40% |
| Goldman Sachs & Co. LLC | $1K | 1.00% |
AZSPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $68.9M | 100.00% |
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.