SHXIX Fees and Costs — American Beacon Shapiro Equity Opportunities Fund, R5 Class
Data updated: 2026-05-29
The net expense ratio is 0.80%: a 0.70% management fee plus 0.29% other expenses, less a 0.19% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $149K in broker commissions, 0.1292% of average net assets, and portfolio turnover was 57%.
SHXIX Fees and Expenses
Annual operating expenses and sales charges of SHXIX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.29% |
| Gross expense ratio | 0.99% |
| Fee waiver | −0.19% |
| Net expense ratio | 0.80% |
| 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 |
SHXIX Costs Over Time
On $10,000 invested in SHXIX, assuming 5% a year before costs, total costs come to $582 over 5 years, cutting the return by 0.98% 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 0.80%) | $84 | $262 | $455 |
| Trading costs (broker commissions) | $14 | $42 | $74 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $98 | $320 | $582 |
| Value after costs | $10,402 | $11,257 | $12,181 |
| Impact on return, per year | 0.98% | 0.98% | 0.98% |
SHXIX 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): 0.1292%
- Total broker commissions: $149K
- Bought from dealers (principal trades, not a cost): $119.6M
- Portfolio turnover (prospectus): 57%
- Securities on loan, average value: $346K
- Net income from securities lending: $2K (0.001% of average net assets)
SHXIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Anos Capital LLC | $82K | 54.96% |
| Jefferies LLC | $25K | 16.49% |
| Penserra Securities LLC | $24K | 16.34% |
| J.P. Morgan Securities LLC | $13K | 8.75% |
| Truist Securities, Inc. | $3K | 2.21% |
| Evercore Group L.L.C. | $2K | 1.26% |
SHXIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $119.6M | 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.