C000147738 Fees and Costs — AB Multi-Manager Select 2040 Fund, Class Z
Data updated: 2020-06-24
The net expense ratio is 0.63% (1.02% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $5K in broker commissions, 0.0067% of average net assets, and portfolio turnover was 49%.
C000147738 Fees and Expenses
Annual operating expenses and sales charges of C000147738. Prospectus, as of November 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.40% |
| Gross expense ratio | 1.02% |
| Fee waiver | −0.39% |
| Net expense ratio | 0.63% |
| 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 |
C000147738 Costs Over Time
On $10,000 invested in C000147738, assuming 5% a year before costs, total costs come to $401 over 5 years, cutting the return by 0.67% 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 0.63%) | $66 | $207 | $361 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $10 | $37 |
| Total costs | $67 | $220 | $401 |
| Value after costs | $10,433 | $11,357 | $12,362 |
| Impact on return, per year | 0.67% | 0.67% | 0.67% |
C000147738 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): 0.0067%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $98.7M
- Portfolio turnover (prospectus): 49%
- Securities lending: none during the year
C000147738 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JPMorgan Chase & Co. | $2K | 29.01% |
| Morgan Stanley & Co. LLC | $1K | 21.46% |
| Goldman Sachs & Co. LLC | $953 | 17.96% |
| Deutsche Bank Securities Inc. | $632 | 11.90% |
| Citation Group Ltd. | $380 | 7.16% |
| Cowen and Company, LLC | $275 | 5.18% |
| Barclays Capital Inc. | $168 | 3.17% |
| Citigroup Global Markets Inc. | $143 | 2.69% |
| UBS Securities LLC | $58 | 1.09% |
| Virtu Financial LLC | $21 | 0.39% |
C000147738 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $98.7M | 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.