C000109687 Fees and Costs — AB FlexFee International Bond Portfolio, Advisor Class
Data updated: 2020-11-25
The net expense ratio is 0.20%: a 0.10% management fee plus 0.93% other expenses, less a 0.83% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $2K in broker commissions, 0.0052% of average net assets, and portfolio turnover was 96%.
C000109687 Fees and Expenses
Annual operating expenses and sales charges of C000109687. Prospectus, as of April 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.10% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.93% |
| Gross expense ratio | 1.03% |
| Fee waiver | −0.83% |
| Net expense ratio | 0.20% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000109687 Costs Over Time
On $10,000 invested in C000109687, assuming 5% a year before costs, total costs come to $130 over 5 years, cutting the return by 0.22% 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 0.20%) | $21 | $66 | $116 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $22 | $71 | $130 |
| Value after costs | $10,478 | $11,505 | $12,632 |
| Impact on return, per year | 0.22% | 0.22% | 0.22% |
C000109687 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0052%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $474.2M
- Portfolio turnover (prospectus): 96%
- Securities lending: none during the year
C000109687 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $2K | 61.04% |
| Morgan Stanley & Co. LLC | $666 | 26.74% |
| Citigroup Global Markets Inc. | $304 | 12.22% |
C000109687 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $205.9M | 47.99% |
| BofA Securities, Inc. | $79.9M | 18.63% |
| Brown Brothers Harriman & Co. | $27.6M | 6.44% |
| J.P. Morgan Securities LLC | $25.4M | 5.91% |
| Citigroup Global Markets Inc. | $24.0M | 5.60% |
| Goldman Sachs & Co. LLC | $22.1M | 5.15% |
| Credit Suisse Securities (USA) LLC | $19.3M | 4.50% |
| Nomura Securities International, Inc. | $10.9M | 2.55% |
| Barclays Capital Inc. | $7.2M | 1.69% |
| BMO Capital Markets Corp. | $6.6M | 1.54% |
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.