C000147685 Fees and Costs — AB Multi-Manager Select 2015 Fund, Class I
Data updated: 2020-06-24
The net expense ratio is 0.71% (1.41% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $3K in broker commissions, 0.0075% of average net assets, and portfolio turnover was 61%.
C000147685 Fees and Expenses
Annual operating expenses and sales charges of C000147685. Prospectus, as of November 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.69% |
| Gross expense ratio | 1.41% |
| Fee waiver | −0.70% |
| Net expense ratio | 0.71% |
| 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 |
C000147685 Costs Over Time
On $10,000 invested in C000147685, assuming 5% a year before costs, total costs come to $451 over 5 years, cutting the return by 0.75% 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 0.71%) | $75 | $233 | $406 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $12 | $41 |
| Total costs | $75 | $247 | $451 |
| Value after costs | $10,425 | $11,329 | $12,311 |
| Impact on return, per year | 0.75% | 0.75% | 0.75% |
C000147685 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): 0.0075%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $74.9M
- Portfolio turnover (prospectus): 61%
- Securities on loan, average value: $618
- Net income from securities lending: $1 (0.000% of average net assets)
C000147685 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $1K | 39.81% |
| JPMorgan Chase & Co. | $794 | 23.05% |
| Goldman Sachs & Co. LLC | $491 | 14.24% |
| Deutsche Bank Securities Inc. | $211 | 6.13% |
| Citigroup Global Markets Inc. | $142 | 4.11% |
| Citation Group Ltd. | $130 | 3.79% |
| Cowen and Company, LLC | $120 | 3.47% |
| RBC Capital Markets, LLC | $70 | 2.03% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $60 | 1.75% |
| Barclays Capital Inc. | $56 | 1.62% |
C000147685 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $74.9M | 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.