GMMAX Fees and Costs — Aberdeen Dynamic Allocation Fund, Class A
Data updated: 2020-09-24
The net expense ratio is 0.96% (2.29% 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 1.33%. In fiscal 2019 the fund paid $707 in broker commissions, 0.0061% of average net assets, and portfolio turnover was 4%.
GMMAX Fees and Expenses
Annual operating expenses and sales charges of GMMAX. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.51% |
| Gross expense ratio | 2.29% |
| Fee waiver | — |
| Net expense ratio | 0.96% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 1.00% |
| Redemption fee | 1.33% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
GMMAX Costs Over Time
On $10,000 invested in GMMAX, assuming 5% a year before costs, total costs come to $1,304 over 5 years, cutting the return by 2.24% 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 0.96%) | $95 | $297 | $514 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $29 | $105 | $211 |
| Total costs | $797 | $979 | $1,304 |
| Value after costs | $9,703 | $10,597 | $11,459 |
| Impact on return, per year | 7.97% | 3.05% | 2.24% |
GMMAX 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): 0.0061%
- Total broker commissions: $707
- Bought from dealers (principal trades, not a cost): $3.1M
- Portfolio turnover (prospectus): 4%
- Securities on loan, average value: $1.2M
- Net income from securities lending: $4K (0.035% of average net assets)
GMMAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $290 | 40.97% |
| Susquehanna Financial Group, LLLP | $215 | 30.41% |
| Sanford C. Bernstein & Co., LLC | $85 | 12.03% |
| Virtu Itg LLC | $69 | 9.75% |
| J.P. Morgan Securities LLC | $36 | 5.05% |
| Credit Suisse Securities (USA) LLC | $13 | 1.79% |
GMMAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $3.1M | 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.