C000147660 Fees and Costs — AB Multi-Manager Select 2055 Fund, Advisor Class
Data updated: 2020-06-24
The net expense ratio is 0.62% (1.70% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $3K in broker commissions, 0.0084% of average net assets, and portfolio turnover was 47%.
C000147660 Fees and Expenses
Annual operating expenses and sales charges of C000147660. Prospectus, as of November 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.09% |
| Gross expense ratio | 1.70% |
| Fee waiver | −1.08% |
| Net expense ratio | 0.62% |
| 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 |
C000147660 Costs Over Time
On $10,000 invested in C000147660, assuming 5% a year before costs, total costs come to $396 over 5 years, cutting the return by 0.66% 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 0.62%) | $65 | $204 | $355 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $66 | $217 | $396 |
| Value after costs | $10,434 | $11,359 | $12,367 |
| Impact on return, per year | 0.66% | 0.66% | 0.66% |
C000147660 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): 0.0084%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $51.6M
- Portfolio turnover (prospectus): 47%
- Securities lending: none during the year
C000147660 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $1K | 33.73% |
| JPMorgan Chase & Co. | $644 | 21.02% |
| Goldman Sachs & Co. LLC | $442 | 14.45% |
| Deutsche Bank Securities Inc. | $341 | 11.14% |
| UBS Securities LLC | $240 | 7.86% |
| Citation Group Ltd. | $206 | 6.73% |
| Barclays Capital Inc. | $83 | 2.71% |
| Cowen and Company, LLC | $37 | 1.22% |
| Citigroup Global Markets Inc. | $25 | 0.82% |
| Virtu Financial LLC | $10 | 0.31% |
C000147660 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $51.6M | 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.