SFMIX Fees and Costs — American Beacon Stephens Mid-Cap Growth Fund, R5 Class
Data updated: 2026-08-11
The net expense ratio is 0.89%: a 0.80% management fee plus 0.12% other expenses, less a 0.03% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $218K in broker commissions, 0.0299% of average net assets, and portfolio turnover was 51%.
SFMIX Fees and Expenses
Annual operating expenses and sales charges of SFMIX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.12% |
| Gross expense ratio | 0.92% |
| Fee waiver | −0.03% |
| Net expense ratio | 0.89% |
| 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 |
SFMIX Costs Over Time
On $10,000 invested in SFMIX, assuming 5% a year before costs, total costs come to $576 over 5 years, cutting the return by 0.97% 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 0.89%) | $93 | $292 | $507 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $97 | $317 | $576 |
| Value after costs | $10,403 | $11,260 | $12,186 |
| Impact on return, per year | 0.97% | 0.97% | 0.97% |
SFMIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0299%
- Total broker commissions: $218K
- Bought from dealers (principal trades, not a cost): $674.8M
- Portfolio turnover (prospectus): 51%
- Securities on loan, average value: $2.8M
- Net income from securities lending: $6K (0.001% of average net assets)
SFMIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Stifel, Nicolaus & Company, Incorporated | $37K | 23.38% |
| Piper Sandler & Co. | $19K | 11.97% |
| Raymond James & Associates, Inc. | $17K | 10.83% |
| Liquidnet, Inc. | $14K | 9.16% |
| William Blair & Company, L.L.C. | $14K | 8.93% |
| Robert W. Baird & Co. Incorporated | $13K | 8.07% |
| Virtu Americas LLC | $12K | 7.47% |
| Evercore Group L.L.C. | $12K | 7.41% |
| J.P. Morgan Securities LLC | $11K | 7.25% |
| Needham & Company, LLC | $9K | 5.52% |
SFMIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $674.8M | 100.00% |
| Morgan Stanley & Co. LLC | $3K | 0.00% |
American Beacon Stephens Mid-Cap Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SFMRX | Class R6 | 0.88% | none |
| SFMIX | R5 Class | 0.89% | none |
| SMFYX | Y Class | 0.95% | none |
| STMGX | Investor Class | 1.15% | none |
| SMFAX | A Class | 1.20% | 5.75% |
| SMFCX | C Class | 1.94% | 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.