SHEAX Fees and Costs — American Beacon Shapiro SMID Cap Equity Fund, A Class
Data updated: 2026-05-29
The net expense ratio is 1.26%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.87% other expenses, less a 0.62% fee waiver. This share class carries a maximum front-end sales load of 5.75% and a deferred sales charge of up to 0.50%. In fiscal 2025 the fund paid $75K in broker commissions, 0.2004% of average net assets, and portfolio turnover was 67%.
SHEAX Fees and Expenses
Annual operating expenses and sales charges of SHEAX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.87% |
| Gross expense ratio | 1.88% |
| Fee waiver | −0.62% |
| Net expense ratio | 1.26% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 0.50% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
SHEAX Costs Over Time
On $10,000 invested in SHEAX, assuming 5% a year before costs, total costs come to $1,587 over 5 years, cutting the return by 2.75% 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 |
| Sales charges | $624 | $575 | $575 |
| Fund expenses (net expense ratio 1.26%) | $125 | $387 | $668 |
| Trading costs (broker commissions) | $20 | $62 | $106 |
| Lost growth on money paid in costs | $29 | $113 | $237 |
| Total costs | $797 | $1,137 | $1,587 |
| Value after costs | $9,703 | $10,440 | $11,176 |
| Impact on return, per year | 7.97% | 3.56% | 2.75% |
SHEAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.2004%
- Total broker commissions: $75K
- Bought from dealers (principal trades, not a cost): $43.0M
- Portfolio turnover (prospectus): 67%
- Securities on loan, average value: $870K
- Net income from securities lending: $3K (0.008% of average net assets)
SHEAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Anos Capital LLC | $47K | 62.71% |
| Jefferies LLC | $15K | 19.89% |
| J.P. Morgan Securities LLC | $3K | 3.93% |
| Truist Securities, Inc. | $3K | 3.84% |
| Evercore Group L.L.C. | $3K | 3.71% |
| Penserra Securities LLC | $3K | 3.63% |
| JonesTrading Institutional Services LLC | $2K | 2.30% |
SHEAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $43.0M | 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.