C000156382 Fees and Costs — American Beacon Ionic Strategic Arbitrage Fund, Investor Class
Data updated: 2019-11-27
The net expense ratio is 2.75% (3.37% before fee waivers). There are no sales loads or redemption fees. In fiscal 2018 the fund paid $283K in broker commissions, 0.3418% of average net assets, and portfolio turnover was 556%.
C000156382 Fees and Expenses
Annual operating expenses and sales charges of C000156382. Prospectus, as of April 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 1.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.88% |
| Gross expense ratio | 3.37% |
| Fee waiver | −0.62% |
| Net expense ratio | 2.75% |
| 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 |
C000156382 Costs Over Time
On $10,000 invested in C000156382, assuming 5% a year before costs, total costs come to $1,855 over 5 years, cutting the return by 3.25% 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 2.75%) | $289 | $882 | $1,495 |
| Trading costs (broker commissions) | $36 | $110 | $186 |
| Lost growth on money paid in costs | $0 | $50 | $174 |
| Total costs | $325 | $1,041 | $1,855 |
| Value after costs | $10,175 | $10,535 | $10,908 |
| Impact on return, per year | 3.25% | 3.25% | 3.25% |
C000156382 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2018.
- Explicit cost rate (commissions ÷ average net assets): 0.3418%
- Total broker commissions: $283K
- Bought from dealers (principal trades, not a cost): $508.4M
- Portfolio turnover (prospectus): 556%
- Securities lending: none during the year
C000156382 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Deutsche Bank Securities Inc. | $169K | 59.33% |
| Wolverine Trading, LLC | $59K | 20.76% |
| National Financial Services Corporation | $25K | 8.70% |
| Merrill, Lynch, Pierce, Fenner & Smith Inc. | $15K | 5.14% |
| ITG Inc. | $4K | 1.49% |
| Citigroup Global Markets Inc. | $3K | 1.16% |
| BTIG, LLC | $3K | 1.10% |
| BNP Paribas Securities Corp. | $3K | 0.95% |
| RBC Capital Markets, LLC | $2K | 0.70% |
| Pershing LLC | $2K | 0.67% |
C000156382 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Merrill, Lynch, Pierce, Fenner & Smith Inc. | $126.6M | 32.37% |
| MUFG Securities Americas Inc. | $50.6M | 12.95% |
| Jefferies LLC | $49.4M | 12.63% |
| Nomura Securities International, Inc. | $33.5M | 8.57% |
| Wells Fargo Brokerage Services, LLC | $26.9M | 6.88% |
| Goldman Sachs & Co. LLC | $26.4M | 6.74% |
| Barclays Capital Inc. | $21.3M | 5.45% |
| Deutsche Bank Capital Corporation | $20.2M | 5.16% |
| Mizuho Securities USA LLC | $19.6M | 5.00% |
| Citigroup Global Markets Inc. | $16.6M | 4.26% |
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.