AWAAX Fees and Costs — AB Wealth Appreciation Strategy, Class A
Data updated: 2026-09-09
The net expense ratio is 1.00% (1.27% before fee waivers). This share class carries a maximum front-end sales load of 4.25%. In fiscal 2026 the fund paid $38K in broker commissions, 0.0026% of average net assets, and portfolio turnover was 26%.
AWAAX Fees and Expenses
Annual operating expenses and sales charges of AWAAX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.08% |
| Gross expense ratio | 1.27% |
| Fee waiver | −0.27% |
| Net expense ratio | 1.00% |
| 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 |
AWAAX Costs Over Time
On $10,000 invested in AWAAX, assuming 5% a year before costs, total costs come to $1,143 over 5 years, cutting the return by 1.95% 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 1.00%) | $101 | $314 | $544 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $21 | $83 | $172 |
| Total costs | $547 | $822 | $1,143 |
| Value after costs | $9,953 | $10,754 | $11,620 |
| Impact on return, per year | 5.47% | 2.55% | 1.95% |
AWAAX 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): 0.0026%
- Total broker commissions: $38K
- Bought from dealers (principal trades, not a cost): $347.6M
- Portfolio turnover (prospectus): 26%
- Securities on loan, average value: $4.7M
- Net income from securities lending: $12K (0.001% of average net assets)
AWAAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $5K | 15.77% |
| UBS Securities LLC | $4K | 13.93% |
| Citigroup Global Markets Inc. | $4K | 13.02% |
| BofA Securities, Inc. | $4K | 12.71% |
| Barclays Capital Inc. | $3K | 9.92% |
| Goldman Sachs & Co. LLC | $3K | 8.88% |
| Morgan Stanley & Co. LLC | $2K | 7.91% |
| BMO Capital Markets Corp. | $2K | 6.52% |
| Liquidnet, Inc. | $2K | 6.16% |
| BNP Paribas Securities Corp. | $2K | 5.17% |
AWAAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $316.0M | 90.92% |
| Sanford C. Bernstein & Co., LLC | $28.4M | 8.17% |
| Jane Street Execution Services, LLC | $3.2M | 0.91% |
AB Wealth Appreciation Strategy Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| AWAYX | Advisor Class | 0.75% | none |
| AWAAX | Class A | 1.00% | 4.25% |
| AWACX | Class C | 1.75% | 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.