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American Beacon Numeric Integrated Alpha Fund in registration
Net fund opg expenses on the 'Investor' class share, AFTER fee waiver: 6.46% of net assets...
And I've heard of 'Investor', 'Institutional' and even 'Y' class shares before. But if you buy their "Ultra" class shares (minimum of $350 MM) your exenses are only 5.98% of assets per year.
That's okay. I hear next month they're launching a Phonetic Integrated Alpha fund with a ER waiver that brings the fee down to .53, which is a rock-bottom STEAL. Of course there's a 6.25% 12(b)-1 fee but who's looking? The more complex the name, the more retail sheeple will flock to it, thinking they're part of the 'smart' money.
In this case, Phonetic version is 3x-leveraged. The Numeric version is unlevered.
@MFO Members: "American Beacon Numeric Integrated Alpha Fund", the name alone makes me not want to invest. BobC mention of Fidelity Destiny begs the question is George Vanderheiden still alive ? Regards, Ted
Comments
And I've heard of 'Investor', 'Institutional' and even 'Y' class shares before. But if you buy their "Ultra" class shares (minimum of $350 MM) your exenses are only 5.98% of assets per year.
Man, I am in the WRONG business!
That's okay. I hear next month they're launching a Phonetic Integrated Alpha fund with a ER waiver that brings the fee down to .53, which is a rock-bottom STEAL. Of course there's a 6.25% 12(b)-1 fee but who's looking? The more complex the name, the more retail sheeple will flock to it, thinking they're part of the 'smart' money.
In this case, Phonetic version is 3x-leveraged. The Numeric version is unlevered.
Regards,
Ted