GWLIX Fees and Costs — abrdn Emerging Markets Ex-China Fund, Institutional Class
Data updated: 2026-09-29
The net expense ratio is 0.90%: a 0.75% management fee plus 0.58% other expenses, less a 0.43% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $71K in broker commissions, 0.0461% of average net assets, and portfolio turnover was 27%.
GWLIX Fees and Expenses
Annual operating expenses and sales charges of GWLIX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.58% |
| Gross expense ratio | 1.33% |
| Fee waiver | −0.43% |
| Net expense ratio | 0.90% |
| 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 |
GWLIX Costs Over Time
On $10,000 invested in GWLIX, assuming 5% a year before costs, total costs come to $592 over 5 years, cutting the return by 0.99% 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 0.90%) | $94 | $295 | $512 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $99 | $325 | $592 |
| Value after costs | $10,401 | $11,251 | $12,170 |
| Impact on return, per year | 0.99% | 0.99% | 0.99% |
GWLIX 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): 0.0461%
- Total broker commissions: $71K
- Bought from dealers (principal trades, not a cost): $77.1M
- Portfolio turnover (prospectus): 27%
- Securities lending: none during the year
GWLIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $18K | 30.12% |
| HSBC Securities (USA) Inc. | $10K | 16.29% |
| Citigroup Global Markets Inc. | $6K | 10.51% |
| Goldman Sachs & Co. LLC | $6K | 9.68% |
| BofA Securities, Inc. | $5K | 9.34% |
| Morgan Stanley & Co. LLC | $5K | 7.89% |
| Jefferies LLC | $3K | 4.44% |
| UBS Securities LLC | $2K | 3.95% |
| Santander Securities LLC | $2K | 3.90% |
| IIFL Capital Inc. | $2K | 3.88% |
GWLIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $75.2M | 97.57% |
| J.P. Morgan Securities LLC | $585K | 0.76% |
| UBS Securities LLC | $547K | 0.71% |
| Nuvama Wealth Management Limited | $425K | 0.55% |
| Macquarie Capital (USA) Inc. | $318K | 0.41% |
abrdn Emerging Markets Ex-China Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GWLIX | Institutional Class | 0.90% | none |
| GLLSX | Institutional Service Class | 0.96% | none |
| GLLAX | Class A | 1.27% | 5.75% |
| GWLRX | Class R | 1.60% | none |
| GLLCX | Class C | 1.90% | none |
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.