GMAAX Fees and Costs — Aberdeen Diversified Income Fund, Class A
Data updated: 2020-09-24
The net expense ratio is 1.01% (2.14% before fee waivers). This share class carries a maximum front-end sales load of 5.75%, a deferred sales charge of up to 1.00% and a redemption fee of 1.13%. In fiscal 2019 the fund paid $985 in broker commissions, 0.0073% of average net assets, and portfolio turnover was 4%.
GMAAX Fees and Expenses
Annual operating expenses and sales charges of GMAAX. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.30% |
| Gross expense ratio | 2.14% |
| Fee waiver | — |
| Net expense ratio | 1.01% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 1.00% |
| Redemption fee | 1.13% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
GMAAX Costs Over Time
On $10,000 invested in GMAAX, assuming 5% a year before costs, total costs come to $1,333 over 5 years, cutting the return by 2.29% 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 1.01%) | $100 | $312 | $541 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $29 | $106 | $214 |
| Total costs | $802 | $995 | $1,333 |
| Value after costs | $9,698 | $10,581 | $11,429 |
| Impact on return, per year | 8.02% | 3.10% | 2.29% |
GMAAX 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): 0.0073%
- Total broker commissions: $985
- Bought from dealers (principal trades, not a cost): $5.9M
- Portfolio turnover (prospectus): 4%
- Securities on loan, average value: $296K
- Net income from securities lending: $2K (0.015% of average net assets)
GMAAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $310 | 31.50% |
| Susquehanna Financial Group, LLLP | $280 | 28.42% |
| Credit Suisse Securities (USA) LLC | $257 | 26.13% |
| Sanford C. Bernstein & Co., LLC | $51 | 5.16% |
| J.P. Morgan Securities LLC | $46 | 4.64% |
| Virtu Itg LLC | $41 | 4.15% |
GMAAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $5.9M | 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.