C000147719 Fees and Costs — AB Multi-Manager Select 2035 Fund, Advisor Class
Data updated: 2020-06-24
The net expense ratio is 0.64% (1.01% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $9K in broker commissions, 0.0071% of average net assets, and portfolio turnover was 54%.
C000147719 Fees and Expenses
Annual operating expenses and sales charges of C000147719. Prospectus, as of November 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.37% |
| Gross expense ratio | 1.01% |
| Fee waiver | −0.37% |
| Net expense ratio | 0.64% |
| 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 |
C000147719 Costs Over Time
On $10,000 invested in C000147719, assuming 5% a year before costs, total costs come to $408 over 5 years, cutting the return by 0.68% 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 0.64%) | $67 | $210 | $366 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $11 | $37 |
| Total costs | $68 | $223 | $408 |
| Value after costs | $10,432 | $11,353 | $12,355 |
| Impact on return, per year | 0.68% | 0.68% | 0.68% |
C000147719 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): 0.0071%
- Total broker commissions: $9K
- Bought from dealers (principal trades, not a cost): $158.0M
- Portfolio turnover (prospectus): 54%
- Securities lending: none during the year
C000147719 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JPMorgan Chase & Co. | $2K | 26.52% |
| Morgan Stanley & Co. LLC | $2K | 26.22% |
| Goldman Sachs & Co. LLC | $2K | 18.67% |
| Deutsche Bank Securities Inc. | $864 | 9.75% |
| Citation Group Ltd. | $525 | 5.93% |
| Barclays Capital Inc. | $379 | 4.28% |
| Citigroup Global Markets Inc. | $244 | 2.75% |
| Cowen and Company, LLC | $238 | 2.69% |
| UBS Securities LLC | $236 | 2.66% |
| RBC Capital Markets, LLC | $47 | 0.53% |
C000147719 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $158.0M | 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.