TOVIX Fees and Costs — American Beacon IMC International Small Cap Fund, R5 Class
Data updated: 2026-09-24
The net expense ratio is 0.90%: a 0.75% management fee plus 0.43% other expenses, less a 0.28% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $291K in broker commissions, 0.2618% of average net assets, and portfolio turnover was 209%.
TOVIX Fees and Expenses
Annual operating expenses and sales charges of TOVIX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.43% |
| Gross expense ratio | 1.18% |
| Fee waiver | −0.28% |
| Net expense ratio | 0.90% |
| 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 |
TOVIX Costs Over Time
On $10,000 invested in TOVIX, assuming 5% a year before costs, total costs come to $724 over 5 years, cutting the return by 1.22% 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 0.90%) | $94 | $294 | $510 |
| Trading costs (broker commissions) | $27 | $86 | $148 |
| Lost growth on money paid in costs | $0 | $19 | $67 |
| Total costs | $122 | $399 | $724 |
| Value after costs | $10,378 | $11,177 | $12,038 |
| Impact on return, per year | 1.22% | 1.22% | 1.22% |
TOVIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.2618%
- Total broker commissions: $291K
- Bought from dealers (principal trades, not a cost): $180.8M
- Portfolio turnover (prospectus): 209%
- Securities on loan, average value: $5.7M
- Net income from securities lending: $47K (0.042% of average net assets)
TOVIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Nomura Securities International, Inc. | $117K | 42.51% |
| Citigroup Global Markets Inc. | $67K | 24.38% |
| ICICI Securities Inc. | $26K | 9.33% |
| SG Americas Securities, LLC | $21K | 7.70% |
| Goldman Sachs & Co. LLC | $16K | 5.97% |
| Macquarie Capital (USA) Inc. | $11K | 3.89% |
| Daiwa Capital Markets America Inc. | $8K | 2.95% |
| BNP Paribas Securities Corp. | $5K | 1.68% |
| Shenwan Hongyuan Securities (H.K.) Limited | $2K | 0.82% |
| Peel Hunt LLP | $2K | 0.79% |
TOVIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $180.8M | 100.00% |
| SG Americas Securities, LLC | $2 | 0.00% |
American Beacon IMC International Small Cap Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TOVIX | R5 Class | 0.90% | none |
| TOVYX | Y Class | 1.11% | none |
| TIVFX | Investor Class | 1.31% | 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.