ILOW Fees and Costs — AB International Low Volatility Equity ETF
Data updated: 2026-07-24
The net expense ratio is 0.50%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $340K in broker commissions, 0.0288% of average net assets, and portfolio turnover was 27%.
ILOW Fees and Expenses
Annual operating expenses and sales charges of ILOW. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.50% |
| Fee waiver | — |
| Net expense ratio | 0.50% |
| 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 |
ILOW Costs Over Time
On $10,000 invested in ILOW, assuming 5% a year before costs, total costs come to $334 over 5 years, cutting the return by 0.56% 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 0.50%) | $52 | $165 | $287 |
| Trading costs (broker commissions) | $3 | $9 | $17 |
| Lost growth on money paid in costs | $0 | $9 | $30 |
| Total costs | $56 | $183 | $334 |
| Value after costs | $10,444 | $11,394 | $12,429 |
| Impact on return, per year | 0.56% | 0.56% | 0.56% |
ILOW 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): 0.0288%
- Total broker commissions: $340K
- Bought from dealers (principal trades, not a cost): $1.4B
- Portfolio turnover (prospectus): 27%
- Securities on loan, average value: $2.3M
- Net income from securities lending: $11K (0.001% of average net assets)
ILOW Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $66K | 20.84% |
| Morgan Stanley & Co. LLC | $50K | 15.76% |
| Goldman Sachs & Co. LLC | $34K | 10.66% |
| BofA Securities, Inc. | $30K | 9.64% |
| Barclays Capital Inc. | $28K | 9.00% |
| UBS Securities LLC | $28K | 8.86% |
| TD Securities (USA) LLC | $26K | 8.09% |
| Jefferies LLC | $26K | 8.09% |
| Citigroup Global Markets Inc. | $22K | 6.84% |
| Berenberg Capital Markets LLC | $7K | 2.22% |
ILOW Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $770.3M | 55.19% |
| J.P. Morgan Securities LLC | $370.8M | 26.57% |
| Goldman Sachs & Co. LLC | $135.2M | 9.68% |
| Morgan Stanley & Co. LLC | $52.5M | 3.76% |
| BofA Securities, Inc. | $39.9M | 2.86% |
| UBS Securities LLC | $15.6M | 1.12% |
| Mizuho Securities USA LLC | $11.5M | 0.82% |
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.