C000147650 Fees and Costs — AB Multi-Manager Select 2010 Fund, Class Z
Data updated: 2020-06-24
The net expense ratio is 0.70% (2.22% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $1K in broker commissions, 0.0057% of average net assets, and portfolio turnover was 46%.
C000147650 Fees and Expenses
Annual operating expenses and sales charges of C000147650. Prospectus, as of November 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.55% |
| Gross expense ratio | 2.22% |
| Fee waiver | −1.52% |
| Net expense ratio | 0.70% |
| 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 | Yes |
C000147650 Costs Over Time
On $10,000 invested in C000147650, assuming 5% a year before costs, total costs come to $444 over 5 years, cutting the return by 0.74% 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 0.70%) | $74 | $230 | $400 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $11 | $41 |
| Total costs | $74 | $243 | $444 |
| Value after costs | $10,426 | $11,333 | $12,319 |
| Impact on return, per year | 0.74% | 0.74% | 0.74% |
C000147650 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0057%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $16.9M
- Portfolio turnover (prospectus): 46%
- Securities lending: none during the year
C000147650 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JPMorgan Chase & Co. | $274 | 27.32% |
| Morgan Stanley & Co. LLC | $249 | 24.80% |
| Goldman Sachs & Co. LLC | $172 | 17.09% |
| Citation Group Ltd. | $107 | 10.67% |
| Deutsche Bank Securities Inc. | $87 | 8.65% |
| Credit Suisse Securities (USA) LLC | $42 | 4.18% |
| Cowen and Company, LLC | $25 | 2.49% |
| Citigroup Global Markets Inc. | $17 | 1.68% |
| UBS Securities LLC | $17 | 1.65% |
| Barclays Capital Inc. | $15 | 1.48% |
C000147650 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $16.9M | 100.00% |
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.