SHOAX Fees and Costs — American Beacon SiM High Yield Opportunities Fund, A Class
Data updated: 2026-10-15
The net expense ratio is 1.07%: a 0.70% management fee, a 0.25% 12b-1 fee plus 0.16% other expenses, less a 0.04% fee waiver. This share class carries a maximum front-end sales load of 4.75% and a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $88K in broker commissions, 0.0048% of average net assets, and portfolio turnover was 41%.
SHOAX Fees and Expenses
Annual operating expenses and sales charges of SHOAX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.16% |
| Gross expense ratio | 1.11% |
| Fee waiver | −0.04% |
| Net expense ratio | 1.07% |
| Sales charges | |
|---|---|
| Max front load | 4.75% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
SHOAX Costs Over Time
On $10,000 invested in SHOAX, assuming 5% a year before costs, total costs come to $1,246 over 5 years, cutting the return by 2.13% 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 | $574 | $475 | $475 |
| Fund expenses (net expense ratio 1.07%) | $107 | $334 | $578 |
| Trading costs (broker commissions) | $0 | $1 | $3 |
| Lost growth on money paid in costs | $24 | $91 | $190 |
| Total costs | $705 | $902 | $1,246 |
| Value after costs | $9,795 | $10,675 | $11,517 |
| Impact on return, per year | 7.05% | 2.80% | 2.13% |
SHOAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0048%
- Total broker commissions: $88K
- Bought from dealers (principal trades, not a cost): $3.1B
- Portfolio turnover (prospectus): 41%
- Securities lending: none during the year
SHOAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ADM Investor Services, Inc. | $41K | 47.06% |
| BNY Capital Markets, LLC | $32K | 36.47% |
| Jefferies LLC | $14K | 16.47% |
SHOAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $1.5B | 58.37% |
| Goldman Sachs & Co. LLC | $193.1M | 7.37% |
| Jefferies LLC | $186.2M | 7.10% |
| J.P. Morgan Securities LLC | $156.1M | 5.95% |
| BofA Securities, Inc. | $137.4M | 5.24% |
| BNY Capital Markets, LLC | $109.9M | 4.19% |
| Morgan Stanley & Co. LLC | $104.5M | 3.99% |
| Wells Fargo Securities, LLC | $69.4M | 2.65% |
| Stifel, Nicolaus & Company, Incorporated | $68.5M | 2.61% |
| Robert W. Baird & Co. Incorporated | $66.0M | 2.52% |
American Beacon SiM High Yield Opportunities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SHOIX | R5 Class | 0.74% | none |
| SHOYX | Y Class | 0.75% | none |
| SHOAX | A Class | 1.07% | 4.75% |
| SHYPX | Investor Class | 1.10% | none |
| SHOCX | C Class | 1.81% | 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.