ZEMRX Fees and Costs — American Beacon Ninety One Emerging Markets Equity Fund, R6 Class
Data updated: 2026-10-15
The net expense ratio is 0.83%: a 0.75% management fee plus 2.06% other expenses, less a 1.99% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $409K in broker commissions, 0.1182% of average net assets, and portfolio turnover was 198%.
ZEMRX Fees and Expenses
Annual operating expenses and sales charges of ZEMRX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.06% |
| Gross expense ratio | 2.82% |
| Fee waiver | −1.99% |
| Net expense ratio | 0.83% |
| 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 |
ZEMRX Costs Over Time
On $10,000 invested in ZEMRX, assuming 5% a year before costs, total costs come to $594 over 5 years, cutting the return by 1.00% 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 0.83%) | $87 | $272 | $472 |
| Trading costs (broker commissions) | $12 | $39 | $67 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $100 | $326 | $594 |
| Value after costs | $10,400 | $11,250 | $12,169 |
| Impact on return, per year | 1.00% | 1.00% | 1.00% |
ZEMRX 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): 0.1182%
- Total broker commissions: $409K
- Bought from dealers (principal trades, not a cost): $588.1M
- Portfolio turnover (prospectus): 198%
- Securities on loan, average value: $485K
- Net income from securities lending: $1K (0.000% of average net assets)
ZEMRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $81K | 23.62% |
| Morgan Stanley & Co. LLC | $65K | 18.79% |
| Goldman Sachs & Co. LLC | $52K | 15.10% |
| BofA Securities, Inc. | $31K | 8.90% |
| HSBC Securities (USA) Inc. | $29K | 8.47% |
| CLSA Americas, LLC | $24K | 6.93% |
| Santander Securities LLC | $24K | 6.87% |
| Citigroup Global Markets Inc. | $14K | 4.20% |
| UBS Securities LLC | $14K | 4.00% |
| Cantor Fitzgerald & Co. | $11K | 3.11% |
ZEMRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $374.6M | 63.70% |
| Jane Street Execution Services, LLC | $90.0M | 15.31% |
| Flow Traders U.S. Institutional Trading LLC | $81.3M | 13.82% |
| Goldman Sachs & Co. LLC | $27.8M | 4.73% |
| Jane Street Capital, LLC | $7.3M | 1.25% |
| BofA Securities, Inc. | $7.0M | 1.19% |
American Beacon Ninety One Emerging Markets Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ZEMRX | R6 Class | 0.83% | none |
| ZEMIX | R5 Class | 0.86% | none |
| ZEMAX | Y Class | 0.93% | 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.