ANJCX Fees and Costs — AB New Jersey Portfolio, Class C
Data updated: 2025-04-28
The net expense ratio is 1.57%: a 0.45% management fee, a 1.00% 12b-1 fee plus 0.50% other expenses, less a 0.38% fee waiver. This share class carries a deferred sales charge of up to 1.00%. Portfolio turnover was 14%.
ANJCX Fees and Expenses
Annual operating expenses and sales charges of ANJCX. Prospectus, as of September 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.50% |
| Gross expense ratio | 1.95% |
| Fee waiver | −0.38% |
| Net expense ratio | 1.57% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
ANJCX Costs Over Time
On $10,000 invested in ANJCX, assuming 5% a year before costs, total costs come to $971 over 5 years, cutting the return by 1.65% 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 | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.57%) | $165 | $511 | $881 |
| Lost growth on money paid in costs | $0 | $25 | $90 |
| Total costs | $268 | $537 | $971 |
| Value after costs | $10,232 | $11,040 | $11,792 |
| Impact on return, per year | 2.68% | 1.65% | 1.65% |
ANJCX 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): $60.5M
- Portfolio turnover (prospectus): 14%
- Securities lending: none during the year
ANJCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $36.8M | 62.06% |
| Barclays Capital Inc. | $5.0M | 8.35% |
| Morgan Stanley & Co. LLC | $4.2M | 7.02% |
| Guardian Capital LP | $3.4M | 5.67% |
| BNY Mellon Capital Markets, LLC | $3.2M | 5.47% |
| Wells Fargo Securities, LLC | $1.6M | 2.76% |
| J.P. Morgan Securities LLC | $1.6M | 2.66% |
| UBS Securities LLC | $1.3M | 2.24% |
| Goldman Sachs & Co. LLC | $1.1M | 1.90% |
| Jefferies LLC | $1.1M | 1.86% |
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.