ALCAX Fees and Costs — AB California Portfolio, Class A
Data updated: 2026-09-25
The net expense ratio is 0.75%: a 0.45% management fee, a 0.25% 12b-1 fee plus 0.09% other expenses, less a 0.04% fee waiver. This share class carries a maximum front-end sales load of 3.00%. Portfolio turnover was 21%.
ALCAX Fees and Expenses
Annual operating expenses and sales charges of ALCAX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.09% |
| Gross expense ratio | 0.79% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.75% |
| Sales charges | |
|---|---|
| Max front load | 3.00% |
| 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 |
ALCAX Costs Over Time
On $10,000 invested in ALCAX, assuming 5% a year before costs, total costs come to $840 over 5 years, cutting the return by 1.42% 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 | $300 | $300 | $300 |
| Fund expenses (net expense ratio 0.75%) | $76 | $239 | $416 |
| Lost growth on money paid in costs | $15 | $59 | $125 |
| Total costs | $391 | $598 | $840 |
| Value after costs | $10,109 | $10,978 | $11,923 |
| Impact on return, per year | 3.91% | 1.84% | 1.42% |
ALCAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.3B
- Portfolio turnover (prospectus): 21%
- Securities lending: none during the year
ALCAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $613.5M | 50.94% |
| Guardian Capital LP | $162.3M | 13.47% |
| Wells Fargo Securities, LLC | $100.2M | 8.32% |
| Morgan Stanley & Co. LLC | $86.9M | 7.21% |
| J.P. Morgan Securities LLC | $82.2M | 6.83% |
| BNY Capital Markets, LLC | $63.1M | 5.24% |
| Goldman Sachs & Co. LLC | $38.5M | 3.20% |
| Barclays Capital Inc. | $21.8M | 1.81% |
| Jefferies LLC | $20.1M | 1.67% |
| Stifel, Nicolaus & Company, Incorporated | $15.7M | 1.31% |
AB California Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ALCVX | Advisor Class | 0.50% | none |
| ALCAX | Class A | 0.75% | 3.00% |
| ACACX | Class C | 1.50% | none |
| ALCBX | Class B | 1.51% | 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.