AAPIX Fees and Costs — Aberdeen Asia Pacific (ex-Japan) Equity Fund, Institutional Class
Data updated: 2021-03-30
The net expense ratio is 1.25% (3.97% before fee waivers). This share class carries a redemption fee of 2.72%. In fiscal 2020 the fund paid $3K in broker commissions, 0.0443% of average net assets, and portfolio turnover was 16%.
AAPIX Fees and Expenses
Annual operating expenses and sales charges of AAPIX. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.97% |
| Gross expense ratio | 3.97% |
| Fee waiver | — |
| Net expense ratio | 1.25% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 2.72% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
AAPIX Costs Over Time
On $10,000 invested in AAPIX, assuming 5% a year before costs, total costs come to $805 over 5 years, cutting the return by 1.36% 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 1.25%) | $131 | $408 | $706 |
| Trading costs (broker commissions) | $5 | $14 | $25 |
| Lost growth on money paid in costs | $0 | $21 | $74 |
| Total costs | $136 | $444 | $805 |
| Value after costs | $10,364 | $11,133 | $11,958 |
| Impact on return, per year | 1.36% | 1.36% | 1.36% |
AAPIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0443%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $3.6M
- Portfolio turnover (prospectus): 16%
- Securities on loan, average value: $4K
- Net income from securities lending: —
AAPIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $488 | 20.65% |
| CLSA Americas, LLC | $347 | 14.68% |
| China International Capital Corporation Limited | $333 | 14.10% |
| Macquarie Capital (USA) Inc. | $315 | 13.32% |
| Virtu Itg LLC | $232 | 9.83% |
| BofA Securities, Inc. | $209 | 8.85% |
| Credit Suisse Securities (USA) LLC | $135 | 5.73% |
| Instinet, LLC | $118 | 4.99% |
| BNP Paribas Securities Corp. | $106 | 4.47% |
| Goldman Sachs & Co. LLC | $80 | 3.38% |
AAPIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $3.6M | 99.19% |
| Goldman Sachs & Co. LLC | $16K | 0.43% |
| J.P. Morgan Securities LLC | $14K | 0.38% |
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.