ABPAX Fees and Costs — AB Sustainable Thematic Balanced Portfolio, Class A
Data updated: 2026-07-24
The net expense ratio is 1.01%: a 0.50% management fee, a 0.25% 12b-1 fee plus 0.49% other expenses, less a 0.24% fee waiver. This share class carries a maximum front-end sales load of 4.25%. In fiscal 2025 the fund paid $11K in broker commissions, 0.0116% of average net assets, and portfolio turnover was 51%.
ABPAX Fees and Expenses
Annual operating expenses and sales charges of ABPAX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.49% |
| Gross expense ratio | 1.25% |
| Fee waiver | −0.24% |
| Net expense ratio | 1.01% |
| Sales charges | |
|---|---|
| Max front load | 4.25% |
| 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 |
ABPAX Costs Over Time
On $10,000 invested in ABPAX, assuming 5% a year before costs, total costs come to $1,154 over 5 years, cutting the return by 1.97% 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 |
| Sales charges | $425 | $425 | $425 |
| Fund expenses (net expense ratio 1.01%) | $102 | $317 | $549 |
| Trading costs (broker commissions) | $1 | $4 | $6 |
| Lost growth on money paid in costs | $21 | $83 | $174 |
| Total costs | $549 | $828 | $1,154 |
| Value after costs | $9,951 | $10,748 | $11,609 |
| Impact on return, per year | 5.49% | 2.57% | 1.97% |
ABPAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0116%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $77.4M
- Portfolio turnover (prospectus): 51%
- Securities on loan, average value: $635K
- Net income from securities lending: $2K (0.002% of average net assets)
ABPAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital Inc. | $2K | 22.80% |
| Jefferies LLC | $2K | 18.66% |
| BofA Securities, Inc. | $2K | 18.34% |
| UBS Securities LLC | $1K | 13.34% |
| Goldman Sachs & Co. LLC | $580 | 6.22% |
| CastleOak Securities, L.P. | $526 | 5.64% |
| Morgan Stanley & Co. LLC | $410 | 4.39% |
| Liquidnet, Inc. | $383 | 4.11% |
| J.P. Morgan Securities LLC | $347 | 3.72% |
| BMO Capital Markets Corp. | $259 | 2.78% |
ABPAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $51.8M | 69.94% |
| Morgan Stanley & Co. LLC | $5.8M | 7.81% |
| Deutsche Bank Securities Inc. | $4.3M | 5.83% |
| J.P. Morgan Securities LLC | $2.9M | 3.90% |
| Barclays Capital Inc. | $2.8M | 3.81% |
| Goldman Sachs & Co. LLC | $1.8M | 2.48% |
| Citigroup Global Markets Inc. | $1.5M | 1.97% |
| RBC Capital Markets, LLC | $1.3M | 1.76% |
| Nomura Securities International, Inc. | $975K | 1.32% |
| Citadel Securities LLC | $885K | 1.20% |
AB Sustainable Thematic Balanced Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ABPYX | Advisor Class | 0.76% | none |
| ABPZX | Class Z | 0.76% | none |
| APWIX | Class I | 0.76% | none |
| ABPAX | Class A | 1.01% | 4.25% |
| ABPCX | Class C | 1.76% | none |
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.