AB Tax-Managed Wealth Appreciation Strategy
Name
As of 04/25/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
7.0%
1 yr return
21.0%
3 Yr Avg Return
3.4%
5 Yr Avg Return
8.2%
Net Assets
$801 M
Holdings in Top 10
55.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.09%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 15.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$2,500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/25/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
ATWCX - Profile
Distributions
- YTD Total Return 7.0%
- 3 Yr Annualized Total Return 3.4%
- 5 Yr Annualized Total Return 8.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.05%
- Dividend Yield 3.7%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameAB Tax-Managed Wealth Appreciation Strategy
-
Fund Family NameALLIANCEBE
-
Inception DateMar 12, 2004
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerNelson Yu
Fund Description
ATWCX - Performance
Return Ranking - Trailing
Period | ATWCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.0% | -35.6% | 29.2% | 22.04% |
1 Yr | 21.0% | 17.3% | 252.4% | 58.18% |
3 Yr | 3.4%* | -3.5% | 34.6% | 67.40% |
5 Yr | 8.2%* | 0.1% | 32.7% | 68.86% |
10 Yr | 7.0%* | -6.9% | 18.3% | 74.40% |
* Annualized
Return Ranking - Calendar
Period | ATWCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 18.6% | -24.3% | 957.1% | 54.14% |
2022 | -23.0% | -38.3% | 47.1% | 60.81% |
2021 | 14.2% | -54.2% | 0.6% | 45.76% |
2020 | 11.2% | -76.0% | 54.1% | 91.07% |
2019 | 19.6% | -26.1% | 47.8% | 54.07% |
Total Return Ranking - Trailing
Period | ATWCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.0% | -35.6% | 29.2% | 22.60% |
1 Yr | 21.0% | 11.4% | 252.4% | 57.61% |
3 Yr | 3.4%* | -3.5% | 34.6% | 65.33% |
5 Yr | 8.2%* | 0.1% | 32.7% | 66.98% |
10 Yr | 7.0%* | -6.9% | 18.3% | 73.84% |
* Annualized
Total Return Ranking - Calendar
Period | ATWCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 19.4% | -24.3% | 957.1% | 54.14% |
2022 | -19.5% | -33.1% | 47.1% | 61.19% |
2021 | 19.3% | -44.4% | 1.8% | 63.12% |
2020 | 11.5% | -6.5% | 54.1% | 52.42% |
2019 | 24.2% | -14.4% | 47.8% | 53.11% |
NAV & Total Return History
ATWCX - Holdings
Concentration Analysis
ATWCX | Category Low | Category High | ATWCX % Rank | |
---|---|---|---|---|
Net Assets | 801 M | 199 K | 133 B | 40.68% |
Number of Holdings | 102 | 1 | 9075 | 3.41% |
Net Assets in Top 10 | 443 M | -18 M | 37.6 B | 52.97% |
Weighting of Top 10 | 55.25% | 9.1% | 100.0% | 90.27% |
Top 10 Holdings
- Bernstein International Strategic Equities Portfolio 26.24%
- Microsoft Corp 5.44%
- AB International Small Cap Portfolio 5.41%
- AB Discovery Value Fund 3.18%
- NVIDIA Corp 2.83%
- Apple Inc 2.65%
- AB Discovery Growth Fund Inc 2.49%
- Sanford C Bernstein Fund Inc - Emerging Markets Portfolio 2.47%
- Alphabet Inc 2.42%
- Bernstein Small Cap Core Portfolio 2.13%
Asset Allocation
Weighting | Return Low | Return High | ATWCX % Rank | |
---|---|---|---|---|
Stocks | 99.28% | 61.84% | 125.47% | 38.77% |
Cash | 0.72% | -174.70% | 23.12% | 55.95% |
Convertible Bonds | 0.01% | 0.00% | 4.46% | 6.50% |
Preferred Stocks | 0.00% | -0.01% | 5.28% | 65.97% |
Other | 0.00% | -13.98% | 19.14% | 69.49% |
Bonds | 0.00% | -1.50% | 161.67% | 63.55% |
Stock Sector Breakdown
Weighting | Return Low | Return High | ATWCX % Rank | |
---|---|---|---|---|
Technology | 21.00% | 0.00% | 49.87% | 50.44% |
Financial Services | 14.18% | 0.00% | 38.42% | 41.52% |
Consumer Cyclical | 13.26% | 0.00% | 40.94% | 33.81% |
Healthcare | 13.20% | 0.00% | 35.42% | 66.19% |
Industrials | 9.20% | 0.00% | 44.06% | 49.23% |
Communication Services | 8.87% | 0.00% | 57.66% | 34.80% |
Consumer Defense | 6.80% | 0.00% | 73.28% | 52.53% |
Energy | 4.77% | 0.00% | 21.15% | 43.83% |
Basic Materials | 3.54% | 0.00% | 38.60% | 53.30% |
Real Estate | 3.32% | 0.00% | 39.48% | 30.18% |
Utilities | 1.86% | 0.00% | 29.12% | 41.19% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | ATWCX % Rank | |
---|---|---|---|---|
US | 99.28% | 0.13% | 103.82% | 43.72% |
Non US | 0.00% | 0.58% | 99.46% | 53.30% |
ATWCX - Expenses
Operational Fees
ATWCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.09% | 0.01% | 44.27% | 26.23% |
Management Fee | 0.65% | 0.00% | 1.82% | 40.70% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 90.69% |
Administrative Fee | N/A | 0.01% | 0.76% | N/A |
Sales Fees
ATWCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | 1.00% | 1.00% | 5.00% | 62.00% |
Trading Fees
ATWCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 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.
ATWCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 15.00% | 0.00% | 395.00% | 20.53% |
ATWCX - Distributions
Dividend Yield Analysis
ATWCX | Category Low | Category High | ATWCX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.74% | 0.00% | 3.26% | 61.49% |
Dividend Distribution Analysis
ATWCX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Annually | Annually |
Net Income Ratio Analysis
ATWCX | Category Low | Category High | ATWCX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.05% | -4.27% | 12.65% | 55.91% |
Capital Gain Distribution Analysis
ATWCX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 14, 2022 | $0.764 | OrdinaryDividend |
Dec 18, 2019 | $0.631 | OrdinaryDividend |
Dec 28, 2017 | $0.230 | OrdinaryDividend |
Dec 15, 2016 | $0.175 | OrdinaryDividend |
Dec 15, 2015 | $0.039 | OrdinaryDividend |
Dec 16, 2014 | $0.139 | OrdinaryDividend |
Dec 17, 2013 | $0.204 | OrdinaryDividend |
Dec 20, 2011 | $0.052 | OrdinaryDividend |
Dec 17, 2010 | $0.034 | OrdinaryDividend |
Dec 18, 2009 | $0.068 | OrdinaryDividend |
Dec 19, 2008 | $0.016 | OrdinaryDividend |
ATWCX - Fund Manager Analysis
Managers
Nelson Yu
Start Date
Tenure
Tenure Rank
Jul 10, 2017
4.89
4.9%
Senior Vice President and Portfolio Manager of AllianceBernstein L.P. since prior to 2014. Head—Blend Strategies since 2017 and Head of Quantitative Research—Equities since prior to 2014. Nelson Yu was appointed Head of Blend Strategies in early 2017. He is also a Portfolio Manager and Head of Quantitative Research for Equities, with responsibility for overseeing the research and application of risk and return models across the firm’s equity portfolios. In addition, Yu manages the currency overlay strategy across equity portfolios and is an advisory member of the Global Value, Emerging Markets Value and Strategic Core portfolios. He joined the firm in 1997 as a programmer and analyst, and served as deputy head of Value Equities Quantitative Research from 2009 until 2014. Yu was previously a supervising consultant at Grant Thornton. He holds a BSE in systems engineering and a BS in economics from the University of Pennsylvania, and is a CFA charterholder. Location: New York
Ding Liu
Start Date
Tenure
Tenure Rank
Jul 10, 2017
4.89
4.9%
Senior Vice President and Senior Quantitative Analyst of AllianceBernstein L.P., with which he has been associated in a substantially similar capacity since prior to 2014.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.01 | 35.82 | 6.24 | 1.25 |