LAEMX Fees and Costs — Lord Abbett Diversification Shares: Enhanced Municipal Yield Completion Fund
Data updated: 2026-10-09
The net expense ratio is 0.01% (0.19% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 19%.
LAEMX Fees and Expenses
Annual operating expenses and sales charges of LAEMX. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | — |
| Other expenses | 0.19% |
| Gross expense ratio | 0.19% |
| Fee waiver | −0.18% |
| Net expense ratio | 0.01% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
LAEMX Costs Over Time
On $10,000 invested in LAEMX, assuming 5% a year before costs, total costs come to $6 over 5 years, cutting the return by 0.01% 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 0.01%) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $0 | $1 |
| Total costs | $1 | $3 | $6 |
| Value after costs | $10,499 | $11,573 | $12,756 |
| Impact on return, per year | 0.01% | 0.01% | 0.01% |
LAEMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.3B
- Portfolio turnover (prospectus): 19%
LAEMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $427.3M | 69.85% |
| J.P. Morgan Securities LLC | $38.4M | 6.28% |
| BofA Securities, Inc. | $34.9M | 5.71% |
| BNY Capital Markets, LLC | $30.6M | 5.00% |
| Wells Fargo Securities, LLC | $24.7M | 4.04% |
| Morgan Stanley & Co. LLC | $15.7M | 2.57% |
| RBC Capital Markets, LLC | $14.2M | 2.31% |
| Stifel, Nicolaus & Company, Incorporated | $10.7M | 1.74% |
| Piper Sandler & Co. | $9.1M | 1.48% |
| Barclays Capital Inc. | $6.2M | 1.01% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.