JBGIX Fees and Costs — Aberdeen Total Return Bond Fund, Institutional Class
Data updated: 2021-09-28
The net expense ratio is 0.45%: a 0.35% management fee plus 0.39% other expenses, less a 0.30% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $10K in broker commissions, 0.0050% of average net assets, and portfolio turnover was 269%.
JBGIX Fees and Expenses
Annual operating expenses and sales charges of JBGIX. Prospectus, as of October 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.39% |
| Gross expense ratio | 0.75% |
| Fee waiver | −0.30% |
| Net expense ratio | 0.45% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
JBGIX Costs Over Time
On $10,000 invested in JBGIX, assuming 5% a year before costs, total costs come to $288 over 5 years, cutting the return by 0.48% 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 0.45%) | $47 | $148 | $259 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $7 | $26 |
| Total costs | $48 | $157 | $288 |
| Value after costs | $10,452 | $11,419 | $12,475 |
| Impact on return, per year | 0.48% | 0.48% | 0.48% |
JBGIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0050%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): $1.3B
- Portfolio turnover (prospectus): 269%
- Securities lending: none during the year
JBGIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $10K | 100.00% |
JBGIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $319.5M | 28.67% |
| Citigroup Global Markets Inc. | $135.2M | 12.13% |
| Wells Fargo Securities, LLC | $132.6M | 11.90% |
| BofA Securities, Inc. | $122.3M | 10.97% |
| Morgan Stanley & Co. LLC | $114.3M | 10.26% |
| J.P. Morgan Securities LLC | $91.5M | 8.21% |
| Goldman Sachs & Co. LLC | $68.3M | 6.13% |
| HSBC Securities (USA) Inc. | $56.2M | 5.05% |
| Citadel Securities LLC | $49.0M | 4.40% |
| RBC Capital Markets, LLC | $25.3M | 2.27% |
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.