ZGFAX Fees and Costs — American Beacon Ninety One Global Franchise Fund, Y Class
Data updated: 2026-10-15
The net expense ratio is 0.86%: a 0.75% management fee plus 0.10% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $37K in broker commissions, 0.0092% of average net assets, and portfolio turnover was 14%.
ZGFAX Fees and Expenses
Annual operating expenses and sales charges of ZGFAX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 0.86% |
| Fee waiver | — |
| Net expense ratio | 0.86% |
| 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 |
ZGFAX Costs Over Time
On $10,000 invested in ZGFAX, assuming 5% a year before costs, total costs come to $545 over 5 years, cutting the return by 0.91% 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 0.86%) | $90 | $282 | $490 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $91 | $299 | $545 |
| Value after costs | $10,409 | $11,277 | $12,218 |
| Impact on return, per year | 0.91% | 0.91% | 0.91% |
ZGFAX 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): 0.0092%
- Total broker commissions: $37K
- Bought from dealers (principal trades, not a cost): $193.9M
- Portfolio turnover (prospectus): 14%
- Securities lending: none during the year
ZGFAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CACEIS Bank Deutschland GmbH | $6K | 18.48% |
| Jefferies LLC | $6K | 17.73% |
| RBC Capital Markets, LLC | $5K | 16.40% |
| Morgan Stanley & Co. LLC | $5K | 14.55% |
| BofA Securities, Inc. | $2K | 7.68% |
| Virtu Americas LLC | $2K | 6.09% |
| Goldman Sachs & Co. LLC | $2K | 6.02% |
| J.P. Morgan Securities LLC | $2K | 5.12% |
| TD Securities (USA) LLC | $1K | 4.61% |
| Oddo BHF SCA | $1K | 3.33% |
ZGFAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $193.9M | 100.00% |
American Beacon Ninety One Global Franchise Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ZGFRX | R6 Class | 0.83% | none |
| ZGFAX | Y Class | 0.86% | none |
| ZGFIX | R5 Class | 0.86% | 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.