C000223147 Fees and Costs — American Beacon AHL TargetRisk Core Fund, Y Class
Data updated: 2023-08-09
The net expense ratio is 1.00%: a 0.88% management fee plus 1.72% other expenses, less a 1.60% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $2K in broker commissions, 0.0177% of average net assets.
C000223147 Fees and Expenses
Annual operating expenses and sales charges of C000223147. Prospectus, as of April 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.88% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.72% |
| Gross expense ratio | 2.60% |
| Fee waiver | −1.60% |
| Net expense ratio | 1.00% |
| 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 |
C000223147 Costs Over Time
On $10,000 invested in C000223147, assuming 5% a year before costs, total costs come to $636 over 5 years, cutting the return by 1.07% 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 1.00%) | $105 | $328 | $568 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $17 | $58 |
| Total costs | $107 | $350 | $636 |
| Value after costs | $10,393 | $11,226 | $12,126 |
| Impact on return, per year | 1.07% | 1.07% | 1.07% |
C000223147 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0177%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $23.9M
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
C000223147 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $807 | 47.15% |
| Goldman Sachs & Co. LLC | $544 | 31.78% |
| BofA Securities, Inc. | $329 | 19.21% |
| Credit Suisse Securities (USA) LLC | $32 | 1.86% |
C000223147 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $7.8M | 32.78% |
| Barclays Capital Inc. | $5.7M | 23.72% |
| Mizuho Securities USA LLC | $5.0M | 20.78% |
| Morgan Stanley & Co. LLC | $2.7M | 11.12% |
| Nomura Securities International, Inc. | $2.3M | 9.52% |
| Goldman Sachs & Co. LLC | $298K | 1.25% |
| BNY Mellon Capital Markets, LLC | $200K | 0.84% |
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.