AJEAX Fees and Costs — Aberdeen Japanese Equities Fund, Class A
Data updated: 2020-01-13
The net expense ratio is 1.34%: a 0.65% management fee, a 0.25% 12b-1 fee plus 9.14% other expenses, less a 8.70% fee waiver. This share class carries a maximum front-end sales load of 5.75% and a deferred sales charge of up to 1.00%. In fiscal 2019 the fund paid $402 in broker commissions, 0.0273% of average net assets, and portfolio turnover was 30%.
AJEAX Fees and Expenses
Annual operating expenses and sales charges of AJEAX. Prospectus, as of October 31, 2018.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.25% |
| Other expenses | 9.14% |
| Gross expense ratio | 10.04% |
| Fee waiver | −8.70% |
| Net expense ratio | 1.34% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
AJEAX Costs Over Time
On $10,000 invested in AJEAX, assuming 5% a year before costs, total costs come to $1,534 over 5 years, cutting the return by 2.66% 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 |
| Sales charges | $673 | $575 | $575 |
| Fund expenses (net expense ratio 1.34%) | $133 | $412 | $712 |
| Trading costs (broker commissions) | $3 | $8 | $15 |
| Lost growth on money paid in costs | $29 | $112 | $233 |
| Total costs | $837 | $1,107 | $1,534 |
| Value after costs | $9,663 | $10,469 | $11,229 |
| Impact on return, per year | 8.37% | 3.46% | 2.66% |
AJEAX 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): 0.0273%
- Total broker commissions: $402
- Bought from dealers (principal trades, not a cost): $587K
- Portfolio turnover (prospectus): 30%
- Securities on loan, average value: $35K
- Net income from securities lending: $11 (0.001% of average net assets)
AJEAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Macquarie Capital (USA) Inc. | $129 | 32.11% |
| Daiwa Capital Markets America Inc. | $58 | 14.33% |
| Mizuho Securities USA LLC | $57 | 14.07% |
| Credit Suisse Securities (USA) LLC | $55 | 13.62% |
| UBS Securities LLC | $35 | 8.68% |
| BofA Securities, Inc. | $25 | 6.11% |
| Instinet, LLC | $21 | 5.23% |
| Credit Agricole Securities (USA) Inc. | $18 | 4.60% |
| SMBC Nikko Securities America, Inc. | $5 | 1.25% |
AJEAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $587K | 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.