AVAAX Fees and Costs — AB Virginia Portfolio, Class A
Data updated: 2026-09-25
The net expense ratio is 0.80%: a 0.45% management fee, a 0.25% 12b-1 fee plus 0.23% other expenses, less a 0.13% fee waiver. This share class carries a maximum front-end sales load of 3.00%. Portfolio turnover was 14%.
AVAAX Fees and Expenses
Annual operating expenses and sales charges of AVAAX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.23% |
| Gross expense ratio | 0.93% |
| Fee waiver | −0.13% |
| Net expense ratio | 0.80% |
| 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 |
AVAAX Costs Over Time
On $10,000 invested in AVAAX, assuming 5% a year before costs, total costs come to $870 over 5 years, cutting the return by 1.47% 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 0.80%) | $81 | $255 | $443 |
| Lost growth on money paid in costs | $15 | $60 | $127 |
| Total costs | $396 | $615 | $870 |
| Value after costs | $10,104 | $10,962 | $11,893 |
| Impact on return, per year | 3.96% | 1.89% | 1.47% |
AVAAX 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): $205.5M
- Portfolio turnover (prospectus): 14%
- Securities lending: none during the year
AVAAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $135.7M | 66.23% |
| J.P. Morgan Securities LLC | $20.8M | 10.15% |
| Guardian Capital LP | $15.5M | 7.57% |
| Wells Fargo Securities, LLC | $13.2M | 6.45% |
| Hilltop Securities Inc. | $5.9M | 2.88% |
| RBC Capital Markets, LLC | $4.1M | 1.99% |
| BNY Capital Markets, LLC | $3.5M | 1.69% |
| National Financial Services LLC | $2.6M | 1.29% |
| Jefferies LLC | $2.1M | 1.03% |
| Morgan Stanley & Co. LLC | $1.5M | 0.72% |
AB Virginia Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| AVAYX | Advisor Class | 0.55% | none |
| AVAAX | Class A | 0.80% | 3.00% |
| AVACX | Class C | 1.55% | none |
| AVABX | Class B | 1.56% | 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.