GAISX Fees and Costs — Aberdeen Diversified Alternatives Fund, Institutional Service Class
Data updated: 2020-09-24
The net expense ratio is 1.70% (2.17% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $976 in broker commissions, 0.0033% of average net assets, and portfolio turnover was 14%.
GAISX Fees and Expenses
Annual operating expenses and sales charges of GAISX. Prospectus, as of October 31, 2018.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.64% |
| Gross expense ratio | 2.17% |
| Fee waiver | −0.47% |
| Net expense ratio | 1.70% |
| 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 |
GAISX Costs Over Time
On $10,000 invested in GAISX, assuming 5% a year before costs, total costs come to $1,051 over 5 years, cutting the return by 1.79% 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 1.70%) | $178 | $553 | $952 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $28 | $97 |
| Total costs | $179 | $582 | $1,051 |
| Value after costs | $10,321 | $10,995 | $11,712 |
| Impact on return, per year | 1.79% | 1.79% | 1.79% |
GAISX 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): 0.0033%
- Total broker commissions: $976
- Bought from dealers (principal trades, not a cost): $24.3M
- Portfolio turnover (prospectus): 14%
- Securities on loan, average value: $205K
- Net income from securities lending: $671 (0.002% of average net assets)
GAISX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Susquehanna Financial Group, LLLP | $430 | 44.09% |
| J.P. Morgan Securities LLC | $281 | 28.80% |
| Sanford C. Bernstein & Co., LLC | $116 | 11.89% |
| RBC Capital Markets, LLC | $92 | 9.38% |
| Credit Suisse Securities (USA) LLC | $57 | 5.84% |
GAISX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $23.0M | 94.66% |
| BlackRock, Inc. | $576K | 2.38% |
| Bank of Montreal | $499K | 2.06% |
| Gotham, LLC | $220K | 0.91% |
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.