HYFI Fees and Costs — AB High Yield ETF
Data updated: 2026-07-24
The net expense ratio is 0.40%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $3K in broker commissions, 0.0015% of average net assets, and portfolio turnover was 83%.
HYFI Fees and Expenses
Annual operating expenses and sales charges of HYFI. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.40% |
| Fee waiver | — |
| Net expense ratio | 0.40% |
| 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 |
HYFI Costs Over Time
On $10,000 invested in HYFI, assuming 5% a year before costs, total costs come to $254 over 5 years, cutting the return by 0.42% 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 0.40%) | $42 | $132 | $230 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $7 | $23 |
| Total costs | $42 | $139 | $254 |
| Value after costs | $10,458 | $11,437 | $12,509 |
| Impact on return, per year | 0.42% | 0.42% | 0.42% |
HYFI 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): 0.0015%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $670.5M
- Portfolio turnover (prospectus): 83%
- Securities lending: none during the year
HYFI Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $3K | 100.00% |
HYFI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $160.2M | 26.04% |
| Goldman Sachs & Co. LLC | $104.4M | 16.97% |
| J.P. Morgan Securities LLC | $91.7M | 14.91% |
| Morgan Stanley & Co. LLC | $85.3M | 13.87% |
| Jane Street Capital, LLC | $78.4M | 12.75% |
| Jefferies LLC | $33.5M | 5.45% |
| BofA Securities, Inc. | $19.7M | 3.20% |
| Barclays Capital Inc. | $17.9M | 2.90% |
| Citigroup Global Markets Inc. | $15.7M | 2.55% |
| RBC Capital Markets, LLC | $8.2M | 1.34% |
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.