ACEAX Fees and Costs — AB All China Equity Portfolio, Class A
Data updated: 2026-09-09
The net expense ratio is 1.50%: a 0.95% management fee, a 0.25% 12b-1 fee plus 0.77% other expenses, less a 0.47% fee waiver. This share class carries a maximum front-end sales load of 4.25%. In fiscal 2026 the fund paid $42K in broker commissions, 0.0829% of average net assets, and portfolio turnover was 113%.
ACEAX Fees and Expenses
Annual operating expenses and sales charges of ACEAX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.77% |
| Gross expense ratio | 1.97% |
| Fee waiver | −0.47% |
| Net expense ratio | 1.50% |
| 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 |
ACEAX Costs Over Time
On $10,000 invested in ACEAX, assuming 5% a year before costs, total costs come to $1,479 over 5 years, cutting the return by 2.56% 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 |
| Sales charges | $425 | $425 | $425 |
| Fund expenses (net expense ratio 1.50%) | $151 | $468 | $806 |
| Trading costs (broker commissions) | $8 | $26 | $45 |
| Lost growth on money paid in costs | $21 | $92 | $204 |
| Total costs | $605 | $1,010 | $1,479 |
| Value after costs | $9,895 | $10,566 | $11,283 |
| Impact on return, per year | 6.05% | 3.15% | 2.56% |
ACEAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0829%
- Total broker commissions: $42K
- Bought from dealers (principal trades, not a cost): $25.5M
- Portfolio turnover (prospectus): 113%
- Securities on loan, average value: $199K
- Net income from securities lending: $5K (0.011% of average net assets)
ACEAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $9K | 22.09% |
| Morgan Stanley & Co. LLC | $8K | 19.41% |
| J.P. Morgan Securities LLC | $7K | 17.10% |
| Jefferies LLC | $7K | 15.43% |
| BofA Securities, Inc. | $6K | 14.50% |
| UBS Securities LLC | $3K | 7.87% |
| Liquidnet, Inc. | $980 | 2.32% |
| Virtu Americas LLC | $415 | 0.98% |
| Macquarie Capital (USA) Inc. | $101 | 0.24% |
| Citation Group Ltd. | $24 | 0.06% |
ACEAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Brown Brothers Harriman Investments, LLC | $25.5M | 100.00% |
AB All China Equity Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ACEYX | Advisor Class | 1.25% | none |
| ACEAX | Class A | 1.50% | 4.25% |
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.