AAZYX Fees and Costs — AB Arizona Portfolio, Advisor Class
Data updated: 2025-04-28
The net expense ratio is 0.53%: a 0.45% management fee plus 0.38% other expenses, less a 0.30% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 5%.
AAZYX Fees and Expenses
Annual operating expenses and sales charges of AAZYX. Prospectus, as of September 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.38% |
| Gross expense ratio | 0.83% |
| Fee waiver | −0.30% |
| Net expense ratio | 0.53% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
AAZYX Costs Over Time
On $10,000 invested in AAZYX, assuming 5% a year before costs, total costs come to $335 over 5 years, cutting the return by 0.56% 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 0.53%) | $56 | $174 | $304 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $56 | $183 | $335 |
| Value after costs | $10,444 | $11,393 | $12,428 |
| Impact on return, per year | 0.56% | 0.56% | 0.56% |
AAZYX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $46.8M
- Portfolio turnover (prospectus): 5%
- Securities lending: none during the year
AAZYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $29.2M | 63.46% |
| J.P. Morgan Securities LLC | $6.9M | 15.07% |
| RBC Capital Markets, LLC | $4.0M | 8.74% |
| Guardian Capital LP | $1.7M | 3.79% |
| Citigroup Global Markets Inc. | $1.7M | 3.78% |
| Goldman Sachs & Co. LLC | $1.2M | 2.69% |
| TD Securities (USA) LLC | $541K | 1.18% |
| Barclays Capital Inc. | $337K | 0.73% |
| BNY Mellon Capital Markets, LLC | $251K | 0.55% |
| Morgan Stanley & Co. LLC | $5K | 0.01% |
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.