AKFIX Fees and Costs — abrdn Emerging Markets Debt Fund, Institutional Class
Data updated: 2023-03-31
The net expense ratio is 0.65%: a 0.60% management fee plus 0.57% other expenses, less a 0.52% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 72%.
AKFIX Fees and Expenses
Annual operating expenses and sales charges of AKFIX. Prospectus, as of February 28, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.57% |
| Gross expense ratio | 1.17% |
| Fee waiver | −0.52% |
| Net expense ratio | 0.65% |
| 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 |
AKFIX Costs Over Time
On $10,000 invested in AKFIX, assuming 5% a year before costs, total costs come to $409 over 5 years, cutting the return by 0.68% 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 0.65%) | $68 | $214 | $372 |
| Lost growth on money paid in costs | $0 | $11 | $37 |
| Total costs | $68 | $224 | $409 |
| Value after costs | $10,432 | $11,352 | $12,353 |
| Impact on return, per year | 0.68% | 0.68% | 0.68% |
AKFIX 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
AKFIX 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.