14 important things you should know about Aberdeen GMAAX mutual fund

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

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

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

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

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

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

Fact Sheet

1. Describe Aberdeen Funds: Aberdeen Diversified Income Fund; Class A Shares (GMAAX).

The Fund seeks total return with an emphasis on current income. The Fund is a fund of funds that intends to allocate and reallocate its assets among a range of asset classes in a flexible and dynamic way to capture income from fixed income, equity and other sources.

2. What are GMAAX top holdings?

GMAAX has 0 stock holdings and 0 bond holdings.

The top 10 holdings represent 78.04% of total assets. Here are the top holdings:

Name Symbol % Assets
Vanguard High Dividend Yield ETF VYM 15.61%
Eaton Vance Floating Rate I EIBLX 13.29%
iShares MSCI EAFE Value ETF EFV 8.23%
iShares Select Dividend ETF DVY 7.16%
iShares US & Intl High Yield Corp Bd ETF GHYG 7.12%
Invesco Oppenheimer International Bd Y OIBYX 6.11%
iShares JP Morgan EM Local Ccy Bd ETF LEMB 6.04%
Nuveen Preferred Secs & Inc I NPSRX 6.03%
iShares Core S&P 500 ETF IVV 4.48%
iShares MSCI Japan ETF EWJ 3.97%

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

GMAAX has generated the following returns:

  • 1-month return is 0.95%;
  • 3-month return is -15.40%;
  • 1-year return is -8.80%;
  • 3-year return is -1.14%;
  • 5-year return is 0.52%;
  • 10-year return is 3.55%;
  • 15-year return is 4.14%.

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

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

5. What is GMAAX dividend yield?

GMAAX yield is 3.35%.

6. What is GMAAX minimum initial investment amount?

GMAAX minimum initial investment amount is $3.00K.

7. What is GMAAX expense ratio?

GMAAX expense ratio is 1.08%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

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

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

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

  • 1-year ax cost ratio is 1.39%;
  • 3-year ax cost ratio is 1.37%.

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

  • 3-year beta is 1.17;
  • 5-year beta is 1.08;
  • 10-year beta is 1.04;
  • 15-year beta is 1.03.

11. What is GMAAX Sharpe ratio?

  • 3-year Sharpe ratio is -0.34;
  • 5-year Sharpe ratio is -0.14;
  • 10-year Sharpe ratio is 0.28.

Analysis

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

GMAAX Finny Score is 25. Our quantitative analysis shows 2 reasons to buy GMAAX and 6 reasons to sell it, resulting in the Finny Score of 25.

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

The following are GMAAX strengths from our perspective:

  • GMAAX 10-year return is 3.55%, which is in line with the 10-year return of the benchmark index (Bloomberg Barclays US Aggregate Bond TR USD), 3.86%.
  • GMAAX 15-year return is 4.14%, which is in line with the 15-year return of the benchmark index (Bloomberg Barclays US Aggregate Bond TR USD), 4.37%.

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

The following are GMAAX weaknesses from our perspective:

  • GMAAX net assets are $7.50 million. This fund is not a popular choice with retail investors.
  • GMAAX 3-year return is -1.14%, which is lower than the 3-year return of the benchmark index (Bloomberg Barclays US Aggregate Bond TR USD), 5.05%.
  • GMAAX 5-year return is 0.52%, which is lower than the 5-year return of the benchmark index (Bloomberg Barclays US Aggregate Bond TR USD), 3.84%.
  • 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.
  • GMAAX expense ratio is 1.08%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • GMAAX 3-year Beta is 1.17, which is higher than the index (Morningstar Mod Tgt Risk TR USD) 3-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 3 years.
In the GMAAX review, we covered GMAAX 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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