C000029022 Fees and Costs — AB Tax-Managed All Market Income Portfolio, Class A
Data updated: 2023-01-30
The net expense ratio is 1.00%: a 0.55% management fee, a 0.25% 12b-1 fee plus 0.60% other expenses, less a 0.41% fee waiver. This share class carries a maximum front-end sales load of 4.25%. In fiscal 2022 the fund paid $60K in broker commissions, 0.0622% of average net assets, and portfolio turnover was 72%.
C000029022 Fees and Expenses
Annual operating expenses and sales charges of C000029022. Prospectus, as of December 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.60% |
| Gross expense ratio | 1.41% |
| Fee waiver | −0.41% |
| 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 |
C000029022 Costs Over Time
On $10,000 invested in C000029022, assuming 5% a year before costs, total costs come to $1,178 over 5 years, cutting the return by 2.01% 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 | $313 | $543 |
| Trading costs (broker commissions) | $6 | $19 | $34 |
| Lost growth on money paid in costs | $21 | $83 | $176 |
| Total costs | $553 | $841 | $1,178 |
| Value after costs | $9,947 | $10,735 | $11,585 |
| Impact on return, per year | 5.53% | 2.61% | 2.01% |
C000029022 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0622%
- Total broker commissions: $60K
- Bought from dealers (principal trades, not a cost): $2.1B
- Portfolio turnover (prospectus): 72%
- Securities lending: none during the year
C000029022 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $41K | 68.97% |
| Citigroup Global Markets Inc. | $7K | 12.20% |
| J.P. Morgan Securities LLC | $4K | 6.17% |
| UBS Securities LLC | $3K | 4.31% |
| Morgan Stanley & Co. LLC | $2K | 3.52% |
| Barclays Capital Inc. | $1K | 2.40% |
| BofA Securities, Inc. | $820 | 1.38% |
| Credit Suisse Securities (USA) LLC | $328 | 0.55% |
| Citation Group Ltd. | $157 | 0.26% |
| Loop Capital Markets LLC | $142 | 0.24% |
C000029022 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $1.2B | 54.98% |
| BofA Securities, Inc. | $615.7M | 29.31% |
| J.P. Morgan Securities LLC | $141.0M | 6.71% |
| State Street Bank and Trust Company | $129.0M | 6.14% |
| UBS Securities LLC | $33.8M | 1.61% |
| U.S. Bancorp Investments, Inc. | $9.8M | 0.46% |
| Citigroup Global Markets Inc. | $6.5M | 0.31% |
| Wells Fargo Securities, LLC | $3.6M | 0.17% |
| Pershing LLC | $3.4M | 0.16% |
| Goldman Sachs & Co. LLC | $3.0M | 0.14% |
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.