CAM Fees and Costs — AB California Intermediate Municipal ETF
Data updated: 2026-07-24
The net expense ratio is 0.27%. There are no sales loads or redemption fees. Portfolio turnover was 2%.
CAM Fees and Expenses
Annual operating expenses and sales charges of CAM. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.27% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.27% |
| Fee waiver | — |
| Net expense ratio | 0.27% |
| 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 |
CAM Costs Over Time
On $10,000 invested in CAM, assuming 5% a year before costs, total costs come to $171 over 5 years, cutting the return by 0.28% 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 0.27%) | $28 | $89 | $156 |
| Lost growth on money paid in costs | $0 | $4 | $16 |
| Total costs | $28 | $94 | $171 |
| Value after costs | $10,472 | $11,483 | $12,591 |
| Impact on return, per year | 0.28% | 0.28% | 0.28% |
CAM Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $95.0M
- Portfolio turnover (prospectus): 2%
- Securities lending: none during the year
CAM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $39.4M | 42.42% |
| Guardian Capital LP | $11.9M | 12.86% |
| Wells Fargo Securities, LLC | $9.1M | 9.77% |
| Morgan Stanley & Co. LLC | $6.7M | 7.17% |
| J.P. Morgan Securities LLC | $6.7M | 7.17% |
| Jefferies LLC | $6.0M | 6.47% |
| Goldman Sachs & Co. LLC | $5.1M | 5.44% |
| Barclays Capital Inc. | $3.0M | 3.23% |
| BNY Capital Markets, LLC | $2.8M | 3.00% |
| UBS Securities LLC | $2.3M | 2.46% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.