05/10/2024 | Press release | Distributed by Public on 05/10/2024 09:59
Class A | Class C |
Advisor Class |
Class Z | |||||||||||||
Management Fees
|
.45 | % | .45 | % | .45 | % | .45 | % | ||||||||
Distribution and/or Service (12b-1) Fees
|
.25 | % | 1.00 | % | None | None | ||||||||||
Other Expenses:
|
||||||||||||||||
Transfer Agent
|
.08 | % | .08 | % | .08 | % | .02 | % | ||||||||
Interest Expense(c)
|
.03 | % | .03 | % | .03 | % | .03 | % | ||||||||
Other Expenses
|
.05 | % | .05 | % | .05 | % | .05 | % | ||||||||
Total Other Expenses
|
.16 | % | .16 | % | .16 | % | .10 | % | ||||||||
Total Annual Fund Operating Expenses
|
.86 | % | 1.61 | % | .61 | % | .55 | % | ||||||||
Fee Waiver and/or Expense Reimbursement(d)
|
(.06 | )% | (.06 | )% | (.06 | )% | (.01 | )% | ||||||||
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement(e)
|
.80 | % | 1.55 | % | .55 | % | .54 | % | ||||||||
(c) |
"Interest Expense" has been restated and is estimated based on the Fund's current investment strategies, which reflects the Fund's intention to no longer invest in reverse repurchase agreements as a principal investment strategy. During the Fund's most recent fiscal year, Interest Expense was 1.04%, 1.03%, 1.04% and 1.04% for Class A, Class C, Advisor Class and Class Z shares, respectively.
|
(d) |
The Adviser has contractually agreed to waive its management fees and/or to bear certain expenses of the Fund until January 31, 2025 to the extent necessary to prevent total Fund operating expenses (excluding acquired fund fees and expenses other than the advisory fees of any AB Funds in which the Fund may invest, interest expense, taxes, extraordinary expenses, and brokerage commissions and other transaction costs), on an annualized basis, from exceeding .77%, 1.52%, .52% and .52% of average daily net assets, respectively, for Class A, Class C, Advisor Class and Class Z shares ("expense limitations"). The expense limitations will remain in effect until January 31, 2025 and may only be terminated or changed with the consent of the Fund's Board of Directors. In addition, the agreement will be automatically extended for one-year terms unless the Adviser provides notice of termination to the Fund at least 60 days prior to the end of the period.
|
(e) |
If interest expense were excluded, net expenses would be as follows:
|
Class A
|
Class C | Advisor Class | Class Z | |||
.77% | 1.52% | .52% | .51% |
Class A | Class C |
Advisor Class |
Class Z | |||||||||||||
After 1 Year
|
$ | 503 | $ | 258 | * | $ | 56 | $ | 55 | |||||||
After 3 Years
|
$ | 682 | $ | 502 | $ | 189 | $ | 175 | ||||||||
After 5 Years
|
$ | 876 | $ | 870 | $ | 334 | $ | 306 | ||||||||
After 10 Years
|
$ | 1,435 | $ | 1,705 | $ | 756 | $ | 688 |
* |
If you did not redeem your shares at the end of the period, your expenses would be decreased by approximately $100.
|
Year
|
Hypothetical Investment |
Hypothetical Performance Earnings |
Investment After Returns |
Hypothetical Expenses* |
Hypothetical Ending Investment |
|||||||||||||||
1 | $ | 10,000.00 | $ | 478.75 | $ | 10,053.75 | $ | 505.43 | $ | 9,973.32 | ||||||||||
2 | 9,973.32 | 498.67 | 10,471.99 | 90.06 | 10,381.93 | |||||||||||||||
3 | 10,381.93 | 519.10 | 10,901.03 | 93.75 | 10,807.28 | |||||||||||||||
4 | 10,807.28 | 540.36 | 11,347.64 | 97.59 | 11,250.05 | |||||||||||||||
5 | 11,250.05 | 562.50 | 11,812.55 | 101.59 | 11,710.96 | |||||||||||||||
6 | 11,710.96 | 585.55 | 12,296.51 | 105.75 | 12,190.76 | |||||||||||||||
7 | 12,190.76 | 609.54 | 12,800.30 | 110.08 | 12,690.22 | |||||||||||||||
8 | 12,690.22 | 634.51 | 13,324.73 | 114.59 | 13,210.14 | |||||||||||||||
9 | 13,210.14 | 660.51 | 13,870.65 | 119.29 | 13,751.36 | |||||||||||||||
10 | 13,751.36 | 687.57 | 14,438.93 | 124.17 | 14,314.76 | |||||||||||||||
Cumulative | $ | 5,777.06 | $ | 1,462.30 |
* |
Expenses are net of any fee waiver or expense waiver for the first year. Thereafter, the expense ratio reflects the Fund's operating expenses as reflected under "Fees and Expenses of the Fund" before fee waiver in the Summary Information at the beginning of this Prospectus.
|