TFBAX Fees and Costs — American Beacon TwentyFour Short Term Bond Fund, A Class
Data updated: 2026-09-09
The net expense ratio is 0.87%: a 0.55% management fee, a 0.25% 12b-1 fee plus 2.53% other expenses, less a 2.46% fee waiver. This share class carries a maximum front-end sales load of 2.50% and a deferred sales charge of up to 0.50%. Portfolio turnover was 79%.
TFBAX Fees and Expenses
Annual operating expenses and sales charges of TFBAX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.25% |
| Other expenses | 2.53% |
| Gross expense ratio | 3.33% |
| Fee waiver | −2.46% |
| Net expense ratio | 0.87% |
| Sales charges | |
|---|---|
| Max front load | 2.50% |
| 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 |
TFBAX Costs Over Time
On $10,000 invested in TFBAX, assuming 5% a year before costs, total costs come to $851 over 5 years, cutting the return by 1.44% 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 | $301 | $250 | $250 |
| Fund expenses (net expense ratio 0.87%) | $89 | $278 | $483 |
| Lost growth on money paid in costs | $12 | $53 | $118 |
| Total costs | $402 | $581 | $851 |
| Value after costs | $10,098 | $10,995 | $11,912 |
| Impact on return, per year | 4.02% | 1.79% | 1.44% |
TFBAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $14.2M
- Portfolio turnover (prospectus): 79%
- Securities lending: none during the year
TFBAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Deutsche Bank Securities Inc. | $3.4M | 31.27% |
| Nomura Securities International, Inc. | $1.5M | 13.68% |
| Barclays Capital Inc. | $1.1M | 9.67% |
| J.P. Morgan Securities LLC | $937K | 8.63% |
| Citigroup Global Markets Inc. | $818K | 7.53% |
| Morgan Stanley & Co. LLC | $790K | 7.28% |
| BNP Paribas Securities Corp. | $637K | 5.86% |
| Jefferies LLC | $610K | 5.62% |
| SMBC Nikko Securities America, Inc. | $570K | 5.25% |
| HSBC Securities (USA) Inc. | $566K | 5.21% |
American Beacon TwentyFour Short Term Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TFBRX | R6 Class | 0.47% | none |
| TFBYX | Y Class | 0.57% | none |
| TFBAX | A Class | 0.87% | 2.50% |
| TFBCX | C Class | 1.48% | 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.