C000147675 Fees and Costs — AB Multi-Manager Select Retirement Allocation Fund, Class I
Data updated: 2020-06-24
The net expense ratio is 0.66% (2.96% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $2K in broker commissions, 0.0123% of average net assets, and portfolio turnover was 58%.
C000147675 Fees and Expenses
Annual operating expenses and sales charges of C000147675. Prospectus, as of November 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.37% |
| Gross expense ratio | 2.96% |
| Fee waiver | −2.30% |
| Net expense ratio | 0.66% |
| 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 |
C000147675 Costs Over Time
On $10,000 invested in C000147675, assuming 5% a year before costs, total costs come to $423 over 5 years, cutting the return by 0.71% 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 0.66%) | $69 | $217 | $378 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $11 | $39 |
| Total costs | $71 | $232 | $423 |
| Value after costs | $10,429 | $11,344 | $12,340 |
| Impact on return, per year | 0.71% | 0.71% | 0.71% |
C000147675 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): 0.0123%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $16.0M
- Portfolio turnover (prospectus): 58%
- Securities lending: none during the year
C000147675 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $905 | 59.23% |
| JPMorgan Chase & Co. | $196 | 12.84% |
| Goldman Sachs & Co. LLC | $152 | 9.94% |
| Citation Group Ltd. | $85 | 5.54% |
| Barclays Capital Inc. | $73 | 4.76% |
| Deutsche Bank Securities Inc. | $57 | 3.73% |
| UBS Securities LLC | $42 | 2.78% |
| Cowen and Company, LLC | $10 | 0.64% |
| Citigroup Global Markets Inc. | $6 | 0.38% |
| Virtu Financial LLC | $3 | 0.17% |
C000147675 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $16.0M | 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.