C000205396 Fees and Costs — AB Short Duration Income Portfolio, Class A
Data updated: 2024-06-25
The net expense ratio is 1.00%: a 0.35% management fee, a 0.20% 12b-1 fee plus 0.98% other expenses, less a 0.53% fee waiver. This share class carries a maximum front-end sales load of 2.25%. In fiscal 2023 the fund paid $4K in broker commissions, 0.0043% of average net assets, and portfolio turnover was 185%.
C000205396 Fees and Expenses
Annual operating expenses and sales charges of C000205396. Prospectus, as of January 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.20% |
| Other expenses | 0.98% |
| Gross expense ratio | 1.53% |
| Fee waiver | −0.53% |
| Net expense ratio | 1.00% |
| Sales charges | |
|---|---|
| Max front load | 2.25% |
| 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 |
C000205396 Costs Over Time
On $10,000 invested in C000205396, assuming 5% a year before costs, total costs come to $901 over 5 years, cutting the return by 1.53% 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 |
| Sales charges | $225 | $225 | $225 |
| Fund expenses (net expense ratio 1.00%) | $103 | $320 | $555 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $11 | $51 | $118 |
| Total costs | $339 | $598 | $901 |
| Value after costs | $10,161 | $10,978 | $11,862 |
| Impact on return, per year | 3.39% | 1.84% | 1.53% |
C000205396 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0043%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $931.0M
- Portfolio turnover (prospectus): 185%
- Securities lending: none during the year
C000205396 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $4K | 98.75% |
| BMO Capital Markets Corp. | $25 | 0.68% |
| RBC Capital Markets, LLC | $12 | 0.31% |
| BofA Securities, Inc. | $9 | 0.25% |
| Liquidnet, Inc. | $0 | 0.01% |
C000205396 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $433.4M | 50.85% |
| State Street Bank and Trust Company | $159.8M | 18.75% |
| Morgan Stanley & Co. LLC | $63.1M | 7.40% |
| BofA Securities, Inc. | $54.2M | 6.36% |
| Goldman Sachs & Co. LLC | $41.3M | 4.85% |
| Deutsche Bank Securities Inc. | $36.9M | 4.32% |
| Wells Fargo Securities, LLC | $21.5M | 2.52% |
| J.P. Morgan Securities LLC | $20.5M | 2.41% |
| Citadel Securities LLC | $12.1M | 1.42% |
| Jane Street Execution Services, LLC | $9.5M | 1.12% |
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.