ASEMX Fees and Costs — abrdn EM SMA Completion Fund
Data updated: 2026-09-29
The net expense ratio is 0.00% (27.20% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $222 in broker commissions, 0.0588% of average net assets, and portfolio turnover was 44%.
ASEMX Fees and Expenses
Annual operating expenses and sales charges of ASEMX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 27.20% |
| Gross expense ratio | 27.20% |
| Fee waiver | −27.20% |
| Net expense ratio | 0.00% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
ASEMX Costs Over Time
On $10,000 invested in ASEMX, assuming 5% a year before costs, total costs come to $37 over 5 years, cutting the return by 0.06% 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 0.00%) | $0 | $0 | $0 |
| Trading costs (broker commissions) | $6 | $19 | $34 |
| Lost growth on money paid in costs | $0 | $1 | $3 |
| Total costs | $6 | $20 | $37 |
| Value after costs | $10,494 | $11,556 | $12,725 |
| Impact on return, per year | 0.06% | 0.06% | 0.06% |
ASEMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0588%
- Total broker commissions: $222
- Bought from dealers (principal trades, not a cost): $569K
- Portfolio turnover (prospectus): 44%
- Securities lending: none during the year
ASEMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $53 | 26.44% |
| UBS Securities LLC | $41 | 20.45% |
| HSBC Securities (USA) Inc. | $29 | 14.65% |
| Citigroup Global Markets Inc. | $29 | 14.50% |
| Morgan Stanley & Co. LLC | $13 | 6.65% |
| BofA Securities, Inc. | $10 | 4.89% |
| Macquarie Capital (USA) Inc. | $9 | 4.69% |
| CLSA Americas, LLC | $8 | 3.76% |
| Korea Investment & Securities America, Inc. | $4 | 2.20% |
| Scotia Capital (USA) Inc. | $4 | 1.78% |
ASEMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $543K | 95.49% |
| Macquarie Capital (USA) Inc. | $11K | 2.01% |
| BofA Securities, Inc. | $5K | 0.93% |
| J.P. Morgan Securities LLC | $5K | 0.92% |
| Citigroup Global Markets Inc. | $4K | 0.66% |
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.