This section lists each of your fund names, fund numbers, account numbers, the annual expense ratio for each fund, quarterly fees and the ending value of each fund you own as of the end of the quarter.
Current Expense Summary
Annual Expense Ratio
Your Quarterly Fees
|ALLIANCEBERNSTEIN SAMPLE FUND CLASS A
The AllianceBernstein Sample Fund Class A (noted above) is shown as a hypothetical example of applied expenses to illustrate your Ending Value in the Class A Fund, after factoring in the appropriate rate of return (net of expenses) since the last statement.
Please note that the Annual Expense Ratio for the fund is 1.03%.
In reporting the figure in the ‘Your Quarterly Fees’ column, the Annual Expense Ratio is divided by 4 and multiplied by the ‘Ending Value’.
In this case, 1.03% (.0103) is divided by 4 = .002575 to determine the applicable Quarterly Rate.
The $25,000 (Ending Value) is then multiplied by .002575 (Quarterly Rate) which= $64.38 (Your Quarterly Fees).