C000140697 Fees and Costs — AB FlexFee Emerging Markets Growth Portfolio, Advisor Class
Data updated: 2020-11-25
The net expense ratio is 1.55%: a 1.45% management fee plus 7.10% other expenses, less a 7.00% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $13K in broker commissions, 0.2353% of average net assets, and portfolio turnover was 128%.
C000140697 Fees and Expenses
Annual operating expenses and sales charges of C000140697. Prospectus, as of April 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 7.10% |
| Gross expense ratio | 8.55% |
| Fee waiver | −7.00% |
| Net expense ratio | 1.55% |
| 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 |
C000140697 Costs Over Time
On $10,000 invested in C000140697, assuming 5% a year before costs, total costs come to $1,099 over 5 years, cutting the return by 1.87% 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 1.55%) | $163 | $504 | $866 |
| Trading costs (broker commissions) | $25 | $76 | $131 |
| Lost growth on money paid in costs | $0 | $29 | $102 |
| Total costs | $187 | $609 | $1,099 |
| Value after costs | $10,313 | $10,967 | $11,664 |
| Impact on return, per year | 1.87% | 1.87% | 1.87% |
C000140697 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): 0.2353%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): $6.4M
- Portfolio turnover (prospectus): 128%
- Securities on loan, average value: $69K
- Net income from securities lending: $2K (0.045% of average net assets)
C000140697 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $2K | 19.97% |
| Morgan Stanley & Co. LLC | $2K | 19.60% |
| BofA Securities, Inc. | $2K | 16.78% |
| J.P. Morgan Securities LLC | $2K | 14.23% |
| Virtu Itg LLC | $970 | 8.43% |
| Credit Suisse Securities (USA) LLC | $852 | 7.41% |
| UBS Securities LLC | $447 | 3.89% |
| Macquarie Capital (USA) Inc. | $384 | 3.34% |
| Citigroup Global Markets Inc. | $382 | 3.33% |
| CLSA Americas, LLC | $346 | 3.01% |
C000140697 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Brown Brothers Harriman & Co. | $6.4M | 99.58% |
| J.P. Morgan Securities LLC | $27K | 0.42% |
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.