ZIFIX Fees and Costs — American Beacon Ninety One International Franchise Fund, R5 Class
Data updated: 2026-07-28
The net expense ratio is 0.86%: a 0.75% management fee plus 2.75% other expenses, less a 2.65% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2K in broker commissions, 0.0228% of average net assets, and portfolio turnover was 16%.
ZIFIX Fees and Expenses
Annual operating expenses and sales charges of ZIFIX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.75% |
| Gross expense ratio | 3.51% |
| Fee waiver | −2.65% |
| 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 |
ZIFIX Costs Over Time
On $10,000 invested in ZIFIX, assuming 5% a year before costs, total costs come to $553 over 5 years, cutting the return by 0.93% 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) | $2 | $7 | $13 |
| Lost growth on money paid in costs | $0 | $14 | $51 |
| Total costs | $93 | $304 | $553 |
| Value after costs | $10,407 | $11,272 | $12,209 |
| Impact on return, per year | 0.93% | 0.93% | 0.93% |
ZIFIX 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): 0.0228%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $6.5M
- Portfolio turnover (prospectus): 16%
- Securities lending: none during the year
ZIFIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $827 | 54.00% |
| HSBC Securities (USA) Inc. | $309 | 20.17% |
| Morgan Stanley & Co. LLC | $167 | 10.90% |
| Goldman Sachs & Co. LLC | $63 | 4.08% |
| Redburn (USA) LLC | $40 | 2.63% |
| Nomura Securities International, Inc. | $32 | 2.09% |
| Barclays Capital Inc. | $26 | 1.72% |
| Jefferies LLC | $23 | 1.53% |
| RBC Capital Markets, LLC | $22 | 1.47% |
| BofA Securities, Inc. | $21 | 1.40% |
ZIFIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $6.3M | 98.23% |
| Citigroup Global Markets Inc. | $69K | 1.07% |
| J.P. Morgan Securities LLC | $45K | 0.70% |
American Beacon Ninety One International 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 |
|---|---|---|---|
| ZIFRX | R6 Class | 0.83% | none |
| ZIFIX | R5 Class | 0.86% | none |
| ZIFAX | 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.