TFGPX Fees and Costs — American Beacon TwentyFour Strategic Income Fund, Investor Class
Data updated: 2026-09-09
The net expense ratio is 1.10%: a 0.67% management fee plus 0.61% other expenses, less a 0.19% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 74%.
TFGPX Fees and Expenses
Annual operating expenses and sales charges of TFGPX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.67% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.61% |
| Gross expense ratio | 1.29% |
| Fee waiver | −0.19% |
| Net expense ratio | 1.10% |
| 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 |
TFGPX Costs Over Time
On $10,000 invested in TFGPX, assuming 5% a year before costs, total costs come to $687 over 5 years, cutting the return by 1.15% 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 1.10%) | $116 | $360 | $624 |
| Lost growth on money paid in costs | $0 | $18 | $63 |
| Total costs | $116 | $378 | $687 |
| Value after costs | $10,384 | $11,198 | $12,076 |
| Impact on return, per year | 1.15% | 1.15% | 1.15% |
TFGPX 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): $1.1B
- Portfolio turnover (prospectus): 74%
- Securities lending: none during the year
TFGPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $430.6M | 47.08% |
| Barclays Capital Inc. | $76.9M | 8.41% |
| Nomura Securities International, Inc. | $68.7M | 7.51% |
| Deutsche Bank Securities Inc. | $61.9M | 6.77% |
| BofA Securities, Inc. | $60.5M | 6.61% |
| Goldman Sachs & Co. LLC | $53.9M | 5.90% |
| BMO Capital Markets Corp. | $47.0M | 5.13% |
| J.P. Morgan Securities LLC | $43.0M | 4.70% |
| Citigroup Global Markets Inc. | $39.7M | 4.34% |
| BNP Paribas Securities Corp. | $32.5M | 3.56% |
American Beacon TwentyFour Strategic Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TFGIX | R5 Class | 0.73% | none |
| TFGYX | Y Class | 0.81% | none |
| TFSAX | A Class | 1.01% | 3.75% |
| TFGPX | Investor Class | 1.10% | none |
| TFGCX | C Class | 1.80% | 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.