C000027875 Fees and Costs — Ab Unconstrained Bond Fund, Inc., Class K
Data updated: 2020-09-28
The net expense ratio is 0.90%: a 0.50% management fee, a 0.25% 12b-1 fee plus 0.55% other expenses, less a 0.40% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $84K in broker commissions, 0.0392% of average net assets, and portfolio turnover was 59%.
C000027875 Fees and Expenses
Annual operating expenses and sales charges of C000027875. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.55% |
| Gross expense ratio | 1.30% |
| Fee waiver | −0.40% |
| Net expense ratio | 0.90% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
C000027875 Costs Over Time
On $10,000 invested in C000027875, assuming 5% a year before costs, total costs come to $588 over 5 years, cutting the return by 0.99% 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 |
| Fund expenses (net expense ratio 0.90%) | $94 | $295 | $512 |
| Trading costs (broker commissions) | $4 | $13 | $22 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $99 | $323 | $588 |
| Value after costs | $10,401 | $11,253 | $12,175 |
| Impact on return, per year | 0.99% | 0.99% | 0.99% |
C000027875 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0392%
- Total broker commissions: $84K
- Bought from dealers (principal trades, not a cost): $17.3B
- Portfolio turnover (prospectus): 59%
- Securities lending: none during the year
C000027875 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $46K | 55.03% |
| Goldman Sachs & Co. LLC | $16K | 19.76% |
| Citigroup Global Markets Inc. | $14K | 17.34% |
| Credit Suisse Securities (USA) LLC | $2K | 2.13% |
| Deutsche Bank Securities Inc. | $1K | 1.72% |
| UBS Securities LLC | $1K | 1.54% |
| J.P. Morgan Securities LLC | $1K | 1.36% |
| Barclays Capital Inc. | $600 | 0.72% |
| JonesTrading Institutional Services LLC | $280 | 0.34% |
| BofA Securities, Inc. | $55 | 0.07% |
C000027875 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $7.1B | 43.17% |
| Morgan Stanley & Co. LLC | $2.1B | 12.80% |
| BofA Securities, Inc. | $1.6B | 9.70% |
| Goldman Sachs & Co. LLC | $1.4B | 8.49% |
| J.P. Morgan Securities LLC | $1.3B | 7.66% |
| Barclays Capital Inc. | $1.0B | 6.14% |
| BMO Capital Markets Corp. | $706.2M | 4.28% |
| Brown Brothers Harriman & Co. | $476.7M | 2.89% |
| BNP Paribas Securities Corp. | $471.8M | 2.86% |
| Credit Suisse Securities (USA) LLC | $331.9M | 2.01% |
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.