IASMX Fees and Costs — Guinness Atkinson Asia Focus Fund
Data updated: 2026-08-28
The net expense ratio is 1.98%: a 1.00% management fee plus 1.33% other expenses, less a 0.35% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2025 the fund paid $1K in broker commissions, 0.0104% of average net assets, and portfolio turnover was 16%.
IASMX Fees and Expenses
Annual operating expenses and sales charges of IASMX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.33% |
| Gross expense ratio | 2.33% |
| Fee waiver | −0.35% |
| Net expense ratio | 1.98% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
IASMX Costs Over Time
On $10,000 invested in IASMX, assuming 5% a year before costs, total costs come to $1,221 over 5 years, cutting the return by 2.09% 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 1.98%) | $208 | $642 | $1,102 |
| Trading costs (broker commissions) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $32 | $113 |
| Total costs | $209 | $678 | $1,221 |
| Value after costs | $10,291 | $10,899 | $11,542 |
| Impact on return, per year | 2.09% | 2.09% | 2.09% |
IASMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0104%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 16%
- Securities lending: none during the year
IASMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley | $553 | 50.27% |
| CLSA Limited | $380 | 34.55% |
| JP Morgan | $84 | 7.64% |
| BTIG | $46 | 4.18% |
| Raymond James | $21 | 1.91% |
| Bernstein | $16 | 1.45% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.