CABDX Fees and Costs — Ab Relative Value Fund, Inc., Class A
Data updated: 2026-09-11
The net expense ratio is 0.90%: a 0.55% management fee, a 0.25% 12b-1 fee plus 0.13% other expenses, less a 0.04% fee waiver. This share class carries a maximum front-end sales load of 4.25%. In fiscal 2026 the fund paid $119K in broker commissions, 0.0065% of average net assets, and portfolio turnover was 65%.
CABDX Fees and Expenses
Annual operating expenses and sales charges of CABDX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.13% |
| Gross expense ratio | 0.94% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.90% |
| Sales charges | |
|---|---|
| Max front load | 4.25% |
| 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 | No |
CABDX Costs Over Time
On $10,000 invested in CABDX, assuming 5% a year before costs, total costs come to $1,086 over 5 years, cutting the return by 1.85% 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 | $425 | $425 | $425 |
| Fund expenses (net expense ratio 0.90%) | $90 | $283 | $491 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $21 | $81 | $167 |
| Total costs | $537 | $791 | $1,086 |
| Value after costs | $9,963 | $10,786 | $11,676 |
| Impact on return, per year | 5.37% | 2.45% | 1.85% |
CABDX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0065%
- Total broker commissions: $119K
- Bought from dealers (principal trades, not a cost): $663.6M
- Portfolio turnover (prospectus): 65%
- Securities on loan, average value: $27.4M
- Net income from securities lending: $19K (0.001% of average net assets)
CABDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $22K | 23.05% |
| TD Securities (USA) LLC | $10K | 10.37% |
| Barclays Capital Inc. | $10K | 9.93% |
| Jefferies LLC | $9K | 9.63% |
| Morgan Stanley & Co. LLC | $9K | 9.49% |
| Goldman Sachs & Co. LLC | $9K | 8.90% |
| BofA Securities, Inc. | $8K | 8.43% |
| J.P. Morgan Securities LLC | $8K | 8.06% |
| Citigroup Global Markets Inc. | $7K | 6.88% |
| BMO Capital Markets Corp. | $5K | 5.25% |
CABDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $663.6M | 100.00% |
Ab Relative Value Fund, Inc. Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| CBBZX | Class Z | 0.62% | none |
| CBBIX | Class I | 0.65% | none |
| CBBYX | Advisor Class | 0.65% | none |
| CABDX | Class A | 0.90% | 4.25% |
| CBBCX | Class C | 1.65% | none |
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.