AB Sustainable Thematic Balanced Portfolio
Fund
APPRX
Price as of:
$11.58
- $0.09
- 0.77%
Primary Theme
fund company
Name
As of 04/12/2024Price
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
Vitals
YTD Return
0.1%
1 yr return
8.8%
3 Yr Avg Return
-1.7%
5 Yr Avg Return
1.7%
Net Assets
$103 M
Holdings in Top 10
23.9%
52 WEEK LOW AND HIGH
$11.7
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.60%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 120.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/12/2024Price
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
APPRX - Profile
Distributions
- YTD Total Return 0.1%
- 3 Yr Annualized Total Return -1.7%
- 5 Yr Annualized Total Return 1.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.55%
- Dividend Yield 0.6%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameAB Sustainable Thematic Balanced Portfolio
-
Fund Family NameALLIANCEBE
-
Inception DateMar 04, 2004
-
Shares OutstandingN/A
-
Share ClassR
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBenjamin Ruegsegger
Fund Description
The Fund invests in a diversified portfolio of equity and fixed-income securities. Normally, the Fund’s investments will consist of approximately 60% equity securities and 40% fixed-income securities, but these target allocations may vary. Under normal market conditions, the Fund will not deviate more than 10% from each target allocation. The Fund will not purchase a security if as a result less than 25% of its total assets would be invested in either equity securities or fixed-income securities. Under normal circumstances, at least 80% of the Fund’s net assets will be invested in securities of issuers that meet the Fund’s sustainability criteria, as described below.
In its equity investments, the Fund pursues opportunistic growth by investing primarily in a portfolio of U.S. companies whose business activities the Adviser believes position the company to benefit from certain environmentally- or socially-oriented sustainable investment themes that align with one or more of the United Nations Sustainable Development Goals (“SDGs”). These themes principally include the advancement of health, climate, and empowerment. A company that derives at least 25% of its total revenues from activities consistent with the achievement of the SDGs meets the Fund’s sustainability criteria, although many of the companies in which the Fund invests will derive a much greater portion of their revenues from such activities.
The Adviser normally considers a universe of primarily U.S. mid- to large-capitalization companies for investment.
The Adviser employs a combination of “top-down” and “bottom-up” investment processes with the goal of identifying, based on its internal research and analysis, the most attractive U.S. equity securities that fit into sustainable investment themes. First, under the “top-down” approach, the Adviser identifies the sustainable investment themes. In addition to this “top-down” thematic approach, the Adviser then uses a “bottom-up” analysis of individual companies that focuses on prospective earnings growth, valuation and quality of company management and on evaluating a company’s risks, including those related to environmental, social, and corporate governance (“ESG”) factors. ESG factors, which can vary across companies and industries, may include environmental impact, corporate governance, ethical business practices, diversity and employee practices, product safety, supply chain management and community impact. Eligible investments include securities of issuers that the Adviser believes will maximize total return while also contributing to positive societal impact aligned with one or more SDGs. While the Adviser emphasizes focusing on individual companies with favorable ESG attributes over the use of broad-based negative screens (e.g., disqualifying business activities) in assessing a company’s exposure to ESG factors, the Fund will not invest in companies that derive revenue from direct involvement in adult entertainment, alcohol, coal, controversial weapons, firearms, gambling, genetically modified organisms, military contracting, prisons, or tobacco.
The Fund’s fixed-income securities will consist predominantly of U.S. Government and agency securities, which must meet the Fund’s sustainability and ESG criteria for government securities. In this regard, the Adviser evaluates government securities based on the alignment of the nation’s policies with the SDGs and an internal scoring system that considers the nation’s policies on ESG issues.
The Fund expects to use derivatives, such as options, futures contracts, forwards and swaps. Derivatives may provide more efficient and economical exposure to market segments than direct investments, and may also be a more efficient way to alter the Fund’s exposures than making direct investments. For example, the Fund may use bond futures contracts and interest rate swaps to gain and adjust its exposures to the fixed-income markets.
APPRX - Performance
Return Ranking - Trailing
| Period | APPRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.1% | -1.2% | 26.5% | 96.36% |
| 1 Yr | 8.8% | -10.9% | 41.2% | 82.94% |
| 3 Yr | -1.7%* | -6.6% | 8.1% | 97.96% |
| 5 Yr | 1.7%* | -4.6% | 14.6% | 98.74% |
| 10 Yr | 2.2%* | 0.7% | 10.8% | 97.01% |
* Annualized
Return Ranking - Calendar
| Period | APPRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.2% | -12.2% | 23.9% | 21.94% |
| 2022 | -23.3% | -34.7% | 0.0% | 87.30% |
| 2021 | 4.8% | -11.9% | 18.1% | 55.16% |
| 2020 | 0.8% | -20.9% | 39.7% | 89.03% |
| 2019 | 10.7% | 0.8% | 25.7% | 81.08% |
Total Return Ranking - Trailing
| Period | APPRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.1% | -1.2% | 26.5% | 96.36% |
| 1 Yr | 8.8% | -10.9% | 41.2% | 82.94% |
| 3 Yr | -1.7%* | -6.6% | 8.1% | 97.96% |
| 5 Yr | 1.7%* | -4.6% | 14.6% | 98.74% |
| 10 Yr | 2.2%* | 0.7% | 10.8% | 97.01% |
* Annualized
Total Return Ranking - Calendar
| Period | APPRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.9% | -12.2% | 26.8% | 46.41% |
| 2022 | -19.9% | -29.0% | 10.9% | 96.15% |
| 2021 | 8.2% | -3.0% | 24.2% | 90.56% |
| 2020 | 4.0% | -19.5% | 40.6% | 93.04% |
| 2019 | 14.1% | 4.4% | 32.7% | 94.75% |
NAV & Total Return History
APPRX - Holdings
Concentration Analysis
| APPRX | Category Low | Category High | APPRX % Rank | |
|---|---|---|---|---|
| Net Assets | 103 M | 789 K | 217 B | 83.86% |
| Number of Holdings | 90 | 2 | 15716 | 44.94% |
| Net Assets in Top 10 | 23.8 M | 618 K | 62.8 B | 86.41% |
| Weighting of Top 10 | 23.93% | 11.4% | 121.1% | 80.86% |
Top 10 Holdings
- United States Treasury Note/Bond 2.69%
- United States Treasury Note/Bond 2.57%
- United States Treasury Note/Bond 2.51%
- United States Treasury Note/Bond 2.44%
- Microsoft Corp 2.40%
- United States Treasury Note/Bond 2.39%
- United States Treasury Note/Bond 2.38%
- United States Treasury Note/Bond 2.25%
- United States Treasury Note/Bond 2.24%
- United States Treasury Note/Bond 2.07%
Asset Allocation
| Weighting | Return Low | Return High | APPRX % Rank | |
|---|---|---|---|---|
| Stocks | 56.70% | 0.00% | 103.09% | 78.22% |
| Bonds | 42.33% | 0.00% | 77.27% | 8.88% |
| Cash | 0.97% | -10.21% | 100.00% | 59.36% |
| Preferred Stocks | 0.00% | 0.00% | 23.88% | 49.51% |
| Other | 0.00% | -42.80% | 117.44% | 64.08% |
| Convertible Bonds | 0.00% | 0.00% | 23.84% | 91.48% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | APPRX % Rank | |
|---|---|---|---|---|
| Technology | 29.07% | 0.00% | 44.21% | 4.20% |
| Industrials | 23.98% | 0.00% | 24.37% | 0.56% |
| Healthcare | 22.06% | 0.00% | 29.35% | 2.94% |
| Financial Services | 12.51% | 0.00% | 38.77% | 77.45% |
| Consumer Cyclical | 5.70% | 0.00% | 19.36% | 84.73% |
| Utilities | 4.46% | 0.00% | 99.55% | 18.35% |
| Real Estate | 2.21% | 0.00% | 65.01% | 74.65% |
| Energy | 0.00% | 0.00% | 85.65% | 94.96% |
| Communication Services | 0.00% | 0.00% | 38.10% | 97.20% |
| Consumer Defense | 0.00% | 0.00% | 15.14% | 98.32% |
| Basic Materials | 0.00% | 0.00% | 33.35% | 96.22% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | APPRX % Rank | |
|---|---|---|---|---|
| US | 56.70% | 0.00% | 103.09% | 71.57% |
| Non US | 0.00% | 0.00% | 38.68% | 52.29% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | APPRX % Rank | |
|---|---|---|---|---|
| Government | 81.62% | 0.00% | 97.26% | 1.96% |
| Cash & Equivalents | 0.77% | 0.00% | 100.00% | 56.03% |
| Derivative | 0.00% | -3.07% | 46.02% | 53.68% |
| Securitized | 0.00% | 0.00% | 92.13% | 90.92% |
| Corporate | 0.00% | 0.00% | 98.21% | 96.79% |
| Municipal | 0.00% | 0.00% | 24.80% | 75.00% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | APPRX % Rank | |
|---|---|---|---|---|
| US | 42.33% | 0.00% | 77.27% | 8.32% |
| Non US | 0.00% | 0.00% | 14.17% | 42.86% |
APPRX - Expenses
Operational Fees
| APPRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.60% | 0.03% | 17.63% | 20.44% |
| Management Fee | 0.50% | 0.00% | 1.83% | 55.72% |
| 12b-1 Fee | 0.50% | 0.00% | 1.00% | 62.33% |
| Administrative Fee | N/A | 0.01% | 0.83% | N/A |
Sales Fees
| APPRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| APPRX 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.
| APPRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 120.00% | 0.00% | 343.00% | 87.54% |
APPRX - Distributions
Dividend Yield Analysis
| APPRX | Category Low | Category High | APPRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.64% | 0.00% | 17.97% | 92.00% |
Dividend Distribution Analysis
| APPRX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Monthly | Quarterly |
Net Income Ratio Analysis
| APPRX | Category Low | Category High | APPRX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.55% | -2.34% | 19.41% | 79.10% |
Capital Gain Distribution Analysis
| APPRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Quarterly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 26, 2023 | $0.074 | OrdinaryDividend |
| Dec 28, 2021 | $0.426 | OrdinaryDividend |
| Dec 16, 2020 | $0.400 | OrdinaryDividend |
| Dec 18, 2019 | $0.386 | OrdinaryDividend |
| Dec 19, 2018 | $0.048 | OrdinaryDividend |
| Dec 21, 2017 | $0.672 | OrdinaryDividend |
| Dec 15, 2016 | $0.255 | OrdinaryDividend |
| Dec 17, 2015 | $0.214 | OrdinaryDividend |
| Dec 18, 2014 | $0.020 | OrdinaryDividend |
| Mar 18, 2014 | $0.005 | OrdinaryDividend |
| Dec 18, 2013 | $0.178 | OrdinaryDividend |
| Sep 16, 2013 | $0.011 | OrdinaryDividend |
| Mar 18, 2013 | $0.136 | OrdinaryDividend |
| Dec 19, 2012 | $0.024 | OrdinaryDividend |
| Sep 18, 2012 | $0.012 | OrdinaryDividend |
| Jun 20, 2012 | $0.011 | OrdinaryDividend |
| Mar 21, 2012 | $0.103 | OrdinaryDividend |
| Dec 21, 2011 | $0.059 | OrdinaryDividend |
| Sep 21, 2011 | $0.030 | OrdinaryDividend |
| Jun 21, 2011 | $0.018 | OrdinaryDividend |
| Mar 22, 2011 | $0.099 | OrdinaryDividend |
| Dec 21, 2010 | $0.076 | OrdinaryDividend |
| Sep 21, 2010 | $0.025 | OrdinaryDividend |
| Jun 22, 2010 | $0.041 | OrdinaryDividend |
| Mar 23, 2010 | $0.026 | OrdinaryDividend |
| Dec 21, 2009 | $0.075 | OrdinaryDividend |
| Sep 22, 2009 | $0.029 | OrdinaryDividend |
| Jun 23, 2009 | $0.050 | OrdinaryDividend |
| Mar 24, 2009 | $0.101 | OrdinaryDividend |
| Dec 23, 2008 | $0.095 | OrdinaryDividend |
| Sep 23, 2008 | $0.051 | OrdinaryDividend |
| Jun 24, 2008 | $0.072 | OrdinaryDividend |
| Mar 24, 2008 | $0.030 | OrdinaryDividend |
| Dec 24, 2007 | $0.274 | OrdinaryDividend |
| Sep 24, 2007 | $0.051 | OrdinaryDividend |
| Jun 26, 2007 | $0.058 | OrdinaryDividend |
| Mar 27, 2007 | $0.031 | OrdinaryDividend |
| Dec 27, 2006 | $0.191 | OrdinaryDividend |
| Sep 26, 2006 | $0.064 | OrdinaryDividend |
| Jun 27, 2006 | $0.041 | OrdinaryDividend |
| Mar 28, 2006 | $0.051 | OrdinaryDividend |
| Sep 30, 2005 | $0.016 | OrdinaryDividend |
| Jun 28, 2005 | $0.049 | OrdinaryDividend |
| Mar 29, 2005 | $0.045 | OrdinaryDividend |
| Dec 27, 2004 | $0.098 | OrdinaryDividend |
| Sep 28, 2004 | $0.041 | OrdinaryDividend |
| Jun 29, 2004 | $0.042 | OrdinaryDividend |
APPRX - Fund Manager Analysis
Managers
Benjamin Ruegsegger
Start Date
Tenure
Tenure Rank
Dec 01, 2021
0.5
0.5%
Benjamin Ruegsegger, CFA Portfolio Manager and Senior Research Analyst—Thematic & Sustainable Equities Benjamin Ruegsegger is a Portfolio Manager on the US Thematic Equity Portfolios and a Senior Research Analyst on the Sustainable Equity Portfolios. He joined the firm in 2001 as an investment administrator in the Managed Accounts division. In 2003, Ruegsegger became a portfolio manager assistant for the US Thematic Research product, and in 2004, he was named portfolio manager for US Thematic Research municipal bond portfolios. He served on the US Mid Cap Growth team from 2006 to 2008 as a research analyst focused on the financials and consumer-discretionary sectors. Since that time, Ruegsegger has supported both the US and Global Thematic products, covering various sectors in the market, most recently focused on technology. He holds a BA in economics/finance from Eastern University and is a CFA charterholder. Location: Philadelphia
Tiffanie Wong
Start Date
Tenure
Tenure Rank
Dec 01, 2021
0.5
0.5%
Vice President AllianceBernstein L.P., with which she has been associated in a substantially similar capacity to her current position since prior to 2014.
Daniel Roarty
Start Date
Tenure
Tenure Rank
Dec 01, 2021
0.5
0.5%
Daniel C. Roarty was appointed Senior Vice President of the Manager, with which he has been associated in a similar capacity since prior to 2015, and Chief Investment Officer of AB’s Thematic & Sustainable Equities team in 2013. He joined the firm in May 2011 as global technology sector head on the Global/International Research Growth team, and was named team leader for that team in early 2012. Roarty previously spent nine years at Nuveen Investments, where he co-managed both a large-cap and a multi-cap growth strategy. His research experience includes coverage of technology, industrials and financials stocks at Morgan Stanley and Goldman Sachs. Roarty holds a BS in finance from Fairfield University and an MBA from the Wharton School at the University of Pennsylvania. He is a CFA charterholder. Location: New York
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 34.51 | 6.34 | 2.41 |