C000209728 Fees and Costs — AB Multi-Manager Select 2060 Fund, Class K
Data updated: 2020-06-24
The net expense ratio is 0.87% (135.39% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $22 in broker commissions, 0.0074% of average net assets, and portfolio turnover was 18%.
C000209728 Fees and Expenses
Annual operating expenses and sales charges of C000209728. Prospectus, as of November 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.25% |
| Other expenses | 134.50% |
| Gross expense ratio | 135.39% |
| Fee waiver | −134.52% |
| Net expense ratio | 0.87% |
| 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 |
C000209728 Costs Over Time
On $10,000 invested in C000209728, assuming 5% a year before costs, total costs come to $550 over 5 years, cutting the return by 0.92% 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 0.87%) | $91 | $285 | $496 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $92 | $302 | $550 |
| Value after costs | $10,408 | $11,274 | $12,213 |
| Impact on return, per year | 0.92% | 0.92% | 0.92% |
C000209728 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): 0.0074%
- Total broker commissions: $22
- Bought from dealers (principal trades, not a cost): $953K
- Portfolio turnover (prospectus): 18%
- Securities lending: none during the year
C000209728 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $7 | 33.43% |
| Morgan Stanley & Co. LLC | $3 | 15.23% |
| JPMorgan Chase & Co. | $3 | 15.23% |
| Goldman Sachs & Co. LLC | $2 | 10.35% |
| UBS Securities LLC | $2 | 8.82% |
| Deutsche Bank Securities Inc. | $2 | 8.03% |
| Virtu Financial LLC | $1 | 4.09% |
| Barclays Capital Inc. | $1 | 2.51% |
| Cowen and Company, LLC | $0 | 2.04% |
| Citation Group Ltd. | $0 | 0.28% |
C000209728 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $953K | 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.