C000180081 Fees and Costs — AB FlexFee Large Cap Growth Portfolio, Advisor Class
Data updated: 2021-11-22
The net expense ratio is 0.10%: a 0.05% management fee plus 0.18% other expenses, less a 0.14% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $19K in broker commissions, 0.0057% of average net assets, and portfolio turnover was 37%.
C000180081 Fees and Expenses
Annual operating expenses and sales charges of C000180081. Prospectus, as of April 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.05% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.18% |
| Gross expense ratio | 0.24% |
| Fee waiver | −0.14% |
| Net expense ratio | 0.10% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000180081 Costs Over Time
On $10,000 invested in C000180081, assuming 5% a year before costs, total costs come to $67 over 5 years, cutting the return by 0.11% 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 0.10%) | $10 | $33 | $58 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $2 | $6 |
| Total costs | $11 | $37 | $67 |
| Value after costs | $10,489 | $11,540 | $12,696 |
| Impact on return, per year | 0.11% | 0.11% | 0.11% |
C000180081 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0057%
- Total broker commissions: $19K
- Bought from dealers (principal trades, not a cost): $366.5M
- Portfolio turnover (prospectus): 37%
- Securities on loan, average value: $1.2M
- Net income from securities lending: $2K (0.000% of average net assets)
C000180081 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $6K | 35.96% |
| UBS Securities LLC | $3K | 15.65% |
| Cowen and Company, LLC | $2K | 8.99% |
| Citigroup Global Markets Inc. | $1K | 7.41% |
| Morgan Stanley & Co. LLC | $1K | 6.83% |
| J.P. Morgan Securities LLC | $990 | 5.87% |
| Citation Group Ltd. | $970 | 5.75% |
| Liquidnet, Inc. | $853 | 5.06% |
| Credit Suisse Securities (USA) LLC | $774 | 4.59% |
| Oppenheimer & Co. Inc. | $656 | 3.89% |
C000180081 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Brown Brothers Harriman & Co. | $365.4M | 99.72% |
| J.P. Morgan Securities LLC | $1.0M | 0.28% |
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.