Continue to site >
Trending ETFs
You have successfully subscribed to Advisor Access. Thank you!
Help us personalize your experience.
Which type of investor describes you best?
Help us personalize your experience.
What is your AUM?
Knowing your investable assets will help us build and prioritize features that will suit your investment needs.

Congratulations on personalizing your experience.

Email is verified. Thank you!

Name

As of 02/02/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

AB Tax-Managed All Market Income Portfolio

AGIAX | Fund

$10.18

$92.9 M

0.00%

1.00%

Vitals

YTD Return

0.5%

1 yr return

-17.5%

3 Yr Avg Return

-8.0%

5 Yr Avg Return

-3.8%

Net Assets

$92.9 M

Holdings in Top 10

12.0%

52 WEEK LOW AND HIGH

$10.2
$9.72
$12.15

Expenses

OPERATING FEES

Expense Ratio 1.00%

SALES FEES

Front Load 4.25%

Deferred Load N/A

TRADING FEES

Turnover 68.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,500

IRA

$2,500

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 02/02/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

AB Tax-Managed All Market Income Portfolio

AGIAX | Fund

$10.18

$92.9 M

0.00%

1.00%

AGIAX - Profile

Distributions

  • YTD Total Return 0.5%
  • 3 Yr Annualized Total Return -8.0%
  • 5 Yr Annualized Total Return -2.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.16%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    AB Tax-Managed All Market Income Portfolio
  • Fund Family Name
    AllianceBernstein
  • Inception Date
    May 04, 1992
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Daniel Loewy

Fund Description

The Adviser allocates the Fund’s investments primarily among a broad range of income-producing securities, including common stock of companies that regularly pay dividends, preferred stocks, debt securities (including high-yield debt securities, also known as “junk bonds”), and derivatives related to these types of securities. The Fund pursues a global strategy, typically investing in securities of issuers located in the United States and in other countries throughout the world, including emerging market countries. 
In selecting equity securities for the Fund, the Adviser focuses on securities that have high dividend yields and that it believes are undervalued by the market relative to their long-term earnings potential. In order to provide diversification and the opportunity for increased return, the Adviser also acquires equity securities for the Fund that are expected to exhibit relatively little correlation with the returns of the Fund’s holdings in high dividend yield equity securities. 
The Fund intends to meet the tax requirement for passing municipal bond interest through to Fund shareholders as tax‑exempt interest dividends, which currently requires that at least 50% of the Fund’s assets be invested in tax‑exempt debt securities. In the event that the Internal Revenue Code or the related rules, regulations and interpretations of the Internal Revenue Service should in the future change so as to permit the Fund to pass through tax‑exempt dividends when the Fund invests a lesser amount of its assets in tax‑exempt debt securities, the Fund’s allocations to equity securities may increase. In selecting tax‑exempt securities for the Fund’s debt investments, the Adviser may draw on the capabilities of separate investment teams that specialize in different areas that are generally defined by the maturity of the debt securities and/or their ratings. These fixed-income teams draw on the resources and expertise of the Adviser’s fixed-income research staff, which includes fixed-income research analysts and economists. 
In addition, the Fund may engage in certain alternative income strategies that generally utilize derivatives to diversify sources of income and manage risk. For example, the Fund may take long positions in currency derivatives on higher yielding currencies and/or short positions in currency derivatives on lower yielding currencies. 
The Adviser adjusts the Fund’s investment exposure utilizing the Adviser’s Dynamic Asset Allocation (“DAA”) approach. DAA comprises a series of analytical and forecasting tools employed by the Adviser to gauge fluctuations in the risk/return profile of various asset classes. DAA seeks to adjust the Fund’s investment exposure in changing market conditions and thereby reduce overall portfolio volatility by mitigating the effects of market fluctuations, while preserving consistent long-term return potential. For example, the Adviser may seek to reduce the Fund’s risk exposure to one or more assets classes when DAA suggests that market risks relevant to those asset classes are rising but return opportunities are declining. In addition to merely increasing or decreasing asset class exposure by buying or selling securities of that asset class, the Adviser may pursue DAA implementation for the Fund by investing in derivatives or exchange-traded funds (“ETFs”). 
The Adviser intends to utilize a variety of derivatives in its management of the Fund. The Adviser may use derivatives to gain exposure to an asset class, such as using interest rate derivatives to gain exposure to certain bonds. As noted above, the Adviser may separately pursue certain alternative investment strategies that utilize derivatives, and may enter into derivatives in making the adjustments called for by DAA. As a result of the use of derivatives, the Fund may be leveraged, with net investment exposure in excess of net assets. 
Currency exchange rate fluctuation can have a dramatic impact on returns. The Fund’s foreign currency exposures will come from investment in securities priced or denominated in foreign currencies and from direct holdings in foreign currencies and currency-related derivatives. The Adviser may seek to hedge all or a portion of the currency exposure resulting from Fund investments or decide not to hedge this exposure. 
Read More

AGIAX - Performance

Return Ranking - Trailing

Period AGIAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.5% -24.7% 108.5% 94.79%
1 Yr -17.5% -28.1% 109.1% 91.17%
3 Yr -8.0%* -9.5% 25.6% 98.84%
5 Yr -3.8%* -8.8% 23.4% 91.36%
10 Yr -2.3%* -4.9% 8.6% 96.27%

* Annualized

Return Ranking - Calendar

Period AGIAX Return Category Return Low Category Return High Rank in Category (%)
2023 -21.1% -39.0% 92.4% 77.60%
2022 2.0% -6.1% 39.6% 59.11%
2021 -1.5% -21.9% 14.5% 97.08%
2020 3.0% -15.9% 6.3% 64.81%
2019 -2.2% -12.6% 61.5% 46.61%

Total Return Ranking - Trailing

Period AGIAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.5% -24.7% 108.5% 94.79%
1 Yr -17.5% -28.1% 109.1% 91.40%
3 Yr -8.0%* -9.5% 25.6% 98.88%
5 Yr -2.5%* -8.8% 23.4% 84.17%
10 Yr 0.6%* -4.9% 11.0% 84.50%

* Annualized

Total Return Ranking - Calendar

Period AGIAX Return Category Return Low Category Return High Rank in Category (%)
2023 -21.1% -39.0% 92.4% 77.60%
2022 2.0% -6.1% 39.6% 59.11%
2021 -1.5% -21.9% 14.5% 97.08%
2020 3.1% -11.5% 6.3% 60.12%
2019 -1.0% -12.6% 61.5% 20.21%

NAV & Total Return History

AGIAX - Holdings

Concentration Analysis

AGIAX Category Low Category High AGIAX % Rank
Net Assets 92.9 M 658 K 207 B 82.94%
Number of Holdings 568 2 15351 24.11%
Net Assets in Top 10 11.1 M -6.38 M 48.5 B 90.61%
Weighting of Top 10 12.01% 8.4% 100.0% 98.93%

Top 10 Holdings

  1. Ab Fixed Income Shares, Inc. Government Money Market Portfolio - Class Ab 3.07%
  2. Ab Fixed Income Shares, Inc. Government Money Market Portfolio - Class Ab 3.07%
  3. Ab Fixed Income Shares, Inc. Government Money Market Portfolio - Class Ab 3.07%
  4. Ab Fixed Income Shares, Inc. Government Money Market Portfolio - Class Ab 3.07%
  5. Ab Fixed Income Shares, Inc. Government Money Market Portfolio - Class Ab 3.07%
  6. Ab Fixed Income Shares, Inc. Government Money Market Portfolio - Class Ab 3.07%
  7. Ab Fixed Income Shares, Inc. Government Money Market Portfolio - Class Ab 3.07%
  8. Ab Fixed Income Shares, Inc. Government Money Market Portfolio - Class Ab 3.07%
  9. Ab Fixed Income Shares, Inc. Government Money Market Portfolio - Class Ab 3.07%
  10. Ab Fixed Income Shares, Inc. Government Money Market Portfolio - Class Ab 3.07%

Asset Allocation

Weighting Return Low Return High AGIAX % Rank
Bonds 		53.86% -82.31% 116.75% 1.65%
Stocks 		38.21% 0.00% 99.40% 95.94%
Preferred Stocks 		6.10% 0.00% 27.92% 3.43%
Cash 		1.82% -16.75% 158.07% 74.49%
Other 		0.01% -6.69% 48.03% 54.06%
Convertible Bonds 		0.00% 0.00% 23.84% 88.96%

Stock Sector Breakdown

Weighting Return Low Return High AGIAX % Rank
Technology 		20.93% 0.00% 48.68% 37.40%
Healthcare 		15.29% 0.00% 39.78% 22.77%
Financial Services 		14.92% 0.00% 60.22% 45.93%
Communication Services 		8.39% 0.00% 100.00% 23.66%
Industrials 		7.41% 0.00% 33.21% 90.08%
Real Estate 		7.26% 0.00% 65.01% 16.79%
Consumer Cyclical 		6.60% 0.00% 20.19% 80.28%
Energy 		6.01% 0.00% 85.65% 33.08%
Consumer Defense 		5.92% 0.00% 22.62% 72.26%
Basic Materials 		4.28% 0.00% 33.35% 46.69%
Utilities 		2.99% 0.00% 99.55% 46.95%

Stock Geographic Breakdown

Weighting Return Low Return High AGIAX % Rank
US 		24.23% -1.65% 98.67% 95.43%
Non US 		13.98% -0.44% 56.67% 40.86%

Bond Sector Breakdown

Weighting Return Low Return High AGIAX % Rank
Municipal 		87.00% 0.00% 87.00% 0.25%
Corporate 		10.04% 0.00% 98.21% 92.51%
Cash & Equivalents 		2.95% 0.14% 100.00% 91.75%
Derivative 		0.00% 0.00% 31.93% 46.57%
Securitized 		0.00% 0.00% 92.13% 88.07%
Government 		0.00% 0.00% 97.26% 93.65%

Bond Geographic Breakdown

Weighting Return Low Return High AGIAX % Rank
US 		50.32% -82.31% 80.50% 1.52%
Non US 		3.54% 0.00% 84.73% 54.44%

AGIAX - Expenses

Operational Fees

AGIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.00% 0.06% 7.62% 44.63%
Management Fee 0.55% 0.00% 1.83% 62.45%
12b-1 Fee 0.25% 0.00% 1.00% 23.59%
Administrative Fee N/A 0.01% 0.83% N/A

Sales Fees

AGIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.25% 0.00% 5.75% 64.19%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

AGIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

AGIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 68.00% 0.00% 343.00% 72.48%

AGIAX - Distributions

Dividend Yield Analysis

AGIAX Category Low Category High AGIAX % Rank
Dividend Yield 0.00% 0.00% 44.83% 14.09%

Dividend Distribution Analysis

AGIAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Annually

Net Income Ratio Analysis

AGIAX Category Low Category High AGIAX % Rank
Net Income Ratio 2.16% -2.34% 19.41% 12.82%

Capital Gain Distribution Analysis

AGIAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

AGIAX - Fund Manager Analysis

Managers

Daniel Loewy

Start Date

Tenure

Tenure Rank

Aug 30, 2013

8.76

8.8%

Daniel Loewy is Chief Investment Officer and Head of Multi-Asset Solutions. He oversees the research and product design of the firm’s multi-asset strategies, as well as their implementation. In addition, Loewy is Chief Investment Officer for Dynamic Asset Allocation, and is responsible for the development and investment decision-making for that service. He is also a member of the Real Asset Investment Policy Group and the Target Date Investment Oversight team. Loewy previously led the Wealth Management Group’s research on the major investment issues faced by our highest-net-worth clients, including asset allocation, alternative investments and tax management. Prior to that, he was a research analyst in the equity research department, where he followed the aerospace and defense and capital goods sectors. Additionally, Loewy has served as an associate portfolio manager for our value equity services. He holds a BS in industrial and labor relations from Cornell University and an MBA from Columbia University, and is a CFA charterholder. Location: New York

Morgan Harting

Start Date

Tenure

Tenure Rank

Apr 17, 2017

5.12

5.1%

Morgan C. Harting is the lead Portfolio Manager for all Multi-Asset Income strategies and for the Emerging Markets Multi-Asset Portfolio. He joined AB in 2007 as part of the global and emerging-market equities portfolio-management team. Prior to that, Harting was a sovereign-debt analyst, first at Standard & Poor’s and then at Fitch Ratings, where he was a senior director. He holds a BA from Wesleyan University, and both an MA in international relations and an MBA from Yale University, where he was a graduate teaching fellow in international economics. Harting is a CFA charterholder, a certified Financial Risk Manager (FRM) and a Chartered Alternative Investment Analyst (CAIA).

Karen Watkin

Start Date

Tenure

Tenure Rank

Dec 31, 2020

1.41

1.4%

Karen Watkin is a Senior Vice President and Portfolio Manager for the Multi-Asset Solutions business in EMEA. Along with being Portfolio Manager for the All Market Income Portfolio, she is responsible for the development and management of multi-asset portfolios for a range of clients. From 2008 to 2011, Watkin was portfolio manager for the Index Strategies Group, responsible for the development and management of AB’s custom index strategies for institutional clients in EMEA. She joined the firm in 2003, after spending three years as a management consultant in the Capital Markets Group at Accenture. Watkin holds a BA in economics with European study from the University of Exeter and is a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 34.51 6.26 2.41

Advertisement

×

Wait! Do you know all the important aspects of mutual funds?

×

Free Advisor Access newsletter emailed to you.

Receive free and exclusive email updates for financial advisors about best performers, news, CE accredited webcasts and more.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Disclaimer: By registering, you agree to share your data with MutualFunds.com and opt-in to receiving occasional communications about projects and events. The contents of this form are subject to the MutualFunds.com Privacy Policy. You can unsubscribe at any time.