AADDX Fees and Costs — Aberdeen Income Builder Fund, Institutional Class
Data updated: 2020-03-27
The net expense ratio is 1.18%: a 1.00% management fee plus 0.21% other expenses, less a 0.03% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $12K in broker commissions, 0.0136% of average net assets, and portfolio turnover was 88%.
AADDX Fees and Expenses
Annual operating expenses and sales charges of AADDX. Prospectus, as of October 31, 2018.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.21% |
| Gross expense ratio | 1.21% |
| Fee waiver | −0.03% |
| Net expense ratio | 1.18% |
| 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 |
AADDX Costs Over Time
On $10,000 invested in AADDX, assuming 5% a year before costs, total costs come to $744 over 5 years, cutting the return by 1.25% 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 1.18%) | $124 | $386 | $668 |
| Trading costs (broker commissions) | $1 | $4 | $8 |
| Lost growth on money paid in costs | $0 | $19 | $68 |
| Total costs | $125 | $410 | $744 |
| Value after costs | $10,375 | $11,167 | $12,019 |
| Impact on return, per year | 1.25% | 1.25% | 1.25% |
AADDX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0136%
- Total broker commissions: $12K
- Bought from dealers (principal trades, not a cost): $121.1M
- Portfolio turnover (prospectus): 88%
- Securities on loan, average value: $4.4M
- Net income from securities lending: $6K (0.006% of average net assets)
AADDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Credit Suisse Securities (USA) LLC | $4K | 36.52% |
| Citigroup Global Markets Inc. | $3K | 25.05% |
| J.P. Morgan Securities LLC | $2K | 18.07% |
| Virtu Americas LLC | $804 | 6.52% |
| RBC Capital Markets, LLC | $791 | 6.42% |
| BofA Securities, Inc. | $475 | 3.86% |
| Cantor Fitzgerald & Co. | $440 | 3.57% |
AADDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $65.2M | 60.60% |
| J.P. Morgan Securities LLC | $8.8M | 8.14% |
| BofA Securities, Inc. | $6.9M | 6.37% |
| Morgan Stanley & Co. LLC | $5.6M | 5.21% |
| Citigroup Global Markets Inc. | $5.5M | 5.11% |
| Goldman Sachs & Co. LLC | $4.9M | 4.56% |
| STIFEL NICOLAUS & CO INC. | $3.6M | 3.30% |
| Credit Suisse Securities (USA) LLC | $3.1M | 2.85% |
| SunTrust Robinson Humphrey, Inc. | $2.1M | 1.93% |
| Wells Fargo Securities, LLC | $2.1M | 1.92% |
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.