14 important things you should know about Aberdeen GASAX mutual fund

Updated: June 28, 2020
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Before we start: if you’re looking for GASAX “stock” price, you can quickly find it out by visiting Finny and typing "GASAX quote". If you’re looking for a quick scoop on GASAX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "GASAX". You’ll get all this info in one place.

Are you looking to buy or sell GASAX? Or perhaps you’re looking for GASAX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this GASAX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: GASAX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: GASAX buy or sell; the pros and cons of investing in GASAX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to GASAX.

And here is the list of questions we’ll answer:

  1. Describe Aberdeen Funds: Aberdeen Diversified Alternatives Fund; Class A Shares (GASAX).
  2. What are GASAX holdings?
  3. What is GASAX performance? What are GASAX historical returns?
  4. How many up and down years did GASAX have historically?
  5. What is GASAX dividend yield?
  6. What is GASAX minimum initial investment amount?
  7. What is GASAX expense ratio?
  8. Does GASAX have any sales loads or 12b-1 distribution expenses?
  9. What is GASAX tax efficiency (tax-cost ratio)?
  10. What is GASAX beta? How would you assess GASAX risk?
  11. What is GASAX Sharpe ratio?
  12. What is GASAX Finny Score? GASAX buy or sell?
  13. What are the pros of investing in GASAX? What are GASAX buy reasons?
  14. What are the cons of investing in GASAX? What are GASAX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe Aberdeen Funds: Aberdeen Diversified Alternatives Fund; Class A Shares (GASAX).

The Fund seeks to maximize total investment return by seeking growth of capital. The Specialty Fund's allocation is heavily weighted toward investment in Specialty Assets.

2. What are GASAX top holdings?

GASAX has 0 stock holdings and 0 bond holdings.

The top 10 holdings represent 83.45% of total assets. Here are the top holdings:

Name Symbol % Assets
Eaton Vance Floating Rate I EIBLX 17.97%
Water Island Diversified Event-Driven I AEDNX 14.43%
BlackRock Global Long/Short Equity Instl BDMIX 12.61%
Gotham Neutral Institutional GONIX 12.07%
Nuveen Preferred Secs & Inc I NPSRX 7.05%
Otter Creek Long/Short Opportunity Instl OTTRX 5.09%
AQR Managed Futures Strategy I AQMIX 5.01%
iShares TIPS Bond ETF TIP 4.90%
iShares Edge MSCI Min Vol USA ETF USMV 2.51%
iShares Edge MSCI USA Quality Factor ETF QUAL 1.81%

3. What is GASAX performance? What are GASAX historical returns?

GASAX has generated the following returns:

  • 1-month return is 1.18%;
  • 3-month return is -6.74%;
  • 1-year return is -3.11%;
  • 3-year return is 0.03%;
  • 5-year return is -0.67%;
  • 10-year return is 3.06%;
  • 15-year return is 3.47%.

4. How many up and down years did GASAX have historically?

In the last 10 years, GASAX had 7 up years and 3 down years.

5. What is GASAX dividend yield?

GASAX yield is 1.89%.

6. What is GASAX minimum initial investment amount?

GASAX minimum initial investment amount is $3.00K.

7. What is GASAX expense ratio?

GASAX expense ratio is 2.01%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

8. Does GASAX have any sales loads or 12b-1 distribution expenses?

GASAX 12b-1 distribution fee is 0.25. GASAX front-end sales load is 5.75. GASAX back-end sales load is 0.

9. What is GASAX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 0.88%;
  • 3-year ax cost ratio is 0.69%.

10. What is GASAX beta? How would you assess GASAX risk?

  • 3-year beta is 0.54;
  • 5-year beta is 0.52;
  • 10-year beta is 0.91;
  • 15-year beta is 1.18.

11. What is GASAX Sharpe ratio?

  • 3-year Sharpe ratio is -0.53;
  • 5-year Sharpe ratio is -0.54;
  • 10-year Sharpe ratio is 0.23.

Analysis

12. What is GASAX Finny Score? GASAX buy or sell?

GASAX Finny Score is 40. Our quantitative analysis shows 4 reasons to buy GASAX and 6 reasons to sell it, resulting in the Finny Score of 40.

13. What are the pros of investing in GASAX? What are GASAX buy reasons?

The following are GASAX strengths from our perspective:

  • GASAX 10-year return is 3.06%, which is higher than the 10-year return of the benchmark index (FTSE Treasury Bill 3 Month USD), 0.6%.
  • GASAX 15-year return is 3.47%, which is higher than the 15-year return of the benchmark index (FTSE Treasury Bill 3 Month USD), 1.3%.
  • GASAX 3-year Beta is 0.54, which is inversely correlated with the index (Morningstar Mod Tgt Risk TR USD). The could be good if you're trying to hedge your portfolio.
  • GASAX 5-year Beta is 0.52, which is inversely correlated with the index (Morningstar Mod Tgt Risk TR USD). The could be good if you're trying to hedge your portfolio.

14. What are the cons of investing in GASAX? What are GASAX negatives?

The following are GASAX weaknesses from our perspective:

  • GASAX net assets are $7.50 million. This fund is not a popular choice with retail investors.
  • GASAX 3-year return is 0.03%, which is lower than the 3-year return of the benchmark index (FTSE Treasury Bill 3 Month USD), 1.75%.
  • GASAX 5-year return is -0.67%, which is lower than the 5-year return of the benchmark index (FTSE Treasury Bill 3 Month USD), 1.14%.
  • Warning: this fund has a 12b1 and front-end sales fee. The maximum 12b1 fee is 0.25%, while the maximum front-end sales load is 5.75%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund. Front-end sales load, also known as sales charge, is a fee paid when mutual funds shares are purchased. Those fees are subtracted from your total investable assets.
  • GASAX expense ratio is 2.01%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • GASAX 15-year Beta is 1.18, which is higher than the index (Morningstar Mod Tgt Risk TR USD) 15-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 15 years.
In the GASAX review, we covered GASAX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
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