GMAIX Fees and Costs — Aberdeen Diversified Income Fund, Institutional Class
Data updated: 2020-09-24
The net expense ratio is 0.69% (1.87% before fee waivers). This share class carries a redemption fee of 1.18%. In fiscal 2019 the fund paid $985 in broker commissions, 0.0073% of average net assets, and portfolio turnover was 4%.
GMAIX Fees and Expenses
Annual operating expenses and sales charges of GMAIX. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.28% |
| Gross expense ratio | 1.87% |
| Fee waiver | — |
| Net expense ratio | 0.69% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 1.18% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
GMAIX Costs Over Time
On $10,000 invested in GMAIX, assuming 5% a year before costs, total costs come to $439 over 5 years, cutting the return by 0.73% 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 0.69%) | $72 | $227 | $395 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $73 | $240 | $439 |
| Value after costs | $10,427 | $11,336 | $12,324 |
| Impact on return, per year | 0.73% | 0.73% | 0.73% |
GMAIX 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)
GMAIX 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% |
GMAIX 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.