AELSX Fees and Costs — abrdn Focused U.S. Small Cap Equity Fund, Institutional Service Class
Data updated: 2025-04-01
The net expense ratio is 1.05%: a 0.75% management fee plus 1.39% other expenses, less a 1.09% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $8K in broker commissions, 0.0630% of average net assets, and portfolio turnover was 17%.
AELSX Fees and Expenses
Annual operating expenses and sales charges of AELSX. Prospectus, as of February 29, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.39% |
| Gross expense ratio | 2.14% |
| Fee waiver | −1.09% |
| Net expense ratio | 1.05% |
| 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 |
AELSX Costs Over Time
On $10,000 invested in AELSX, assuming 5% a year before costs, total costs come to $695 over 5 years, cutting the return by 1.17% 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 1.05%) | $110 | $344 | $595 |
| Trading costs (broker commissions) | $7 | $21 | $36 |
| Lost growth on money paid in costs | $0 | $18 | $64 |
| Total costs | $117 | $382 | $695 |
| Value after costs | $10,383 | $11,194 | $12,068 |
| Impact on return, per year | 1.17% | 1.17% | 1.17% |
AELSX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0630%
- Total broker commissions: $8K
- Bought from dealers (principal trades, not a cost): $11.3M
- Portfolio turnover (prospectus): 17%
- Securities lending: none during the year
AELSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $4K | 56.91% |
| UBS Securities LLC | $520 | 7.52% |
| RBC Capital Markets, LLC | $514 | 7.43% |
| SG Americas Securities, LLC | $341 | 4.93% |
| Morgan Stanley & Co. LLC | $337 | 4.87% |
| Cowen and Company, LLC | $285 | 4.12% |
| Jefferies LLC | $265 | 3.83% |
| Barclays Capital Inc. | $252 | 3.65% |
| BNY Capital Markets, LLC | $238 | 3.44% |
| Goldman Sachs & Co. LLC | $228 | 3.29% |
AELSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $11.3M | 100.00% |
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.