AKFAX Fees and Costs — abrdn Emerging Markets Debt Fund, Class A
Data updated: 2023-03-31
The net expense ratio is 1.02%: a 0.60% management fee, a 0.25% 12b-1 fee plus 0.66% other expenses, less a 0.49% fee waiver. This share class carries a maximum front-end sales load of 3.00% and a deferred sales charge of up to 1.00%. Portfolio turnover was 72%.
AKFAX Fees and Expenses
Annual operating expenses and sales charges of AKFAX. Prospectus, as of February 28, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.66% |
| Gross expense ratio | 1.51% |
| Fee waiver | −0.49% |
| Net expense ratio | 1.02% |
| Sales charges | |
|---|---|
| Max front load | 3.00% |
| 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 |
AKFAX Costs Over Time
On $10,000 invested in AKFAX, assuming 5% a year before costs, total costs come to $1,002 over 5 years, cutting the return by 1.70% 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 | $401 | $300 | $300 |
| Fund expenses (net expense ratio 1.02%) | $104 | $324 | $562 |
| Lost growth on money paid in costs | $15 | $63 | $140 |
| Total costs | $520 | $687 | $1,002 |
| Value after costs | $9,980 | $10,889 | $11,761 |
| Impact on return, per year | 5.20% | 2.12% | 1.70% |
AKFAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $84.0M
- Portfolio turnover (prospectus): 72%
- Securities lending: none during the year
AKFAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $40.8M | 55.53% |
| Goldman Sachs & Co. LLC | $9.9M | 13.52% |
| Citigroup Global Markets Inc. | $4.9M | 6.72% |
| J.P. Morgan Securities LLC | $4.0M | 5.40% |
| HSBC Securities (USA) Inc. | $3.1M | 4.16% |
| Barclays Capital Inc. | $2.9M | 3.92% |
| Morgan Stanley & Co. LLC | $2.8M | 3.88% |
| Jefferies LLC | $2.6M | 3.51% |
| BofA Securities, Inc. | $1.5M | 2.04% |
| UBS Securities LLC | $974K | 1.33% |
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.