GBSIX Fees and Costs — American Beacon Bahl & Gaynor Small Cap Growth Fund, R5 Class
Data updated: 2022-11-23
The net expense ratio is 0.98%: a 0.88% management fee plus 0.52% other expenses, less a 0.42% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $17K in broker commissions, 0.0382% of average net assets, and portfolio turnover was 28%.
GBSIX Fees and Expenses
Annual operating expenses and sales charges of GBSIX. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.88% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.52% |
| Gross expense ratio | 1.40% |
| Fee waiver | −0.42% |
| Net expense ratio | 0.98% |
| 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 |
GBSIX Costs Over Time
On $10,000 invested in GBSIX, assuming 5% a year before costs, total costs come to $637 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 0.98%) | $103 | $321 | $557 |
| Trading costs (broker commissions) | $4 | $13 | $22 |
| Lost growth on money paid in costs | $0 | $17 | $58 |
| Total costs | $107 | $350 | $637 |
| Value after costs | $10,393 | $11,226 | $12,126 |
| Impact on return, per year | 1.07% | 1.07% | 1.07% |
GBSIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0382%
- Total broker commissions: $17K
- Bought from dealers (principal trades, not a cost): $14.2M
- Portfolio turnover (prospectus): 28%
- Securities on loan, average value: $316K
- Net income from securities lending: $362 (0.001% of average net assets)
GBSIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $4K | 22.91% |
| Capital Institutional Services, Inc. | $4K | 22.90% |
| Morgan Stanley & Co. LLC | $2K | 14.09% |
| Cowen and Company, LLC | $1K | 8.27% |
| Strategas Securities, LLC | $1K | 7.68% |
| William Blair & Company, L.L.C. | $1K | 6.64% |
| Evercore Group L.L.C. | $841 | 5.37% |
| Piper Sandler & Co. | $701 | 4.47% |
| Raymond James & Associates, Inc. | $618 | 3.94% |
| Goldman Sachs & Co. LLC | $584 | 3.73% |
GBSIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $14.2M | 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.