ABZEX: AB Emerging Markets Multi-Asset Z

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ABZEX AB Emerging Markets Multi-Asset Z


Profile

ABZEX - Profile

Vitals

  • YTD Return -13.2%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $131 M
  • Holdings in Top 10 15.1%

52 WEEK LOW AND HIGH

$7.85
$6.45
$9.31

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.60%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 110.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,000,000
  • IRA N/A

Fund Classification

  • Primary Caregory Uncategorized
  • Fund Type Open End Mutual Fund
  • Investment Style Diversified Emerging Mkts

Distributions

  • YTD Total Return -13.2%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.49%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    AB Emerging Markets Multi-Asset Portfolio
  • Fund Family Name
    AllianceBernstein
  • Inception Date
    Jul 31, 2017
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Morgan Harting

Fund Description

The fund invests at least 80% of its net assets under normal circumstances in securities of emerging market issuers and/or the currencies of emerging market countries. It will invest between 30% and 95% of its net assets in equity securities, and between 0% and 65% of its net assets in debt securities, with any remainder held in cash (including foreign currency). The fund is not constrained based on the country, region, market capitalization, credit quality or duration of its investments and its assets may at times be concentrated in a particular country or region.


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Categories

Performance

ABZEX - Performance

Return Ranking - Trailing

Period ABZEX Return Category Return Low Category Return High Rank in Category (%)
YTD -13.2% -15.7% 0.0% 77.27%
1 Yr -7.6% -17.5% 3.2% 75.00%
3 Yr N/A* -11.6% 5.4% 13.04%
5 Yr N/A* -6.8% 2.1% 2.78%
10 Yr N/A* -6.4% -4.0% N/A

* Annualized

Return Ranking - Calendar

Period ABZEX Return Category Return Low Category Return High Rank in Category (%)
2019 12.2% -7.4% 18.4% 34.09%
2018 -18.5% -19.3% 0.0% 90.70%
2017 N/A 0.3% 26.2% N/A
2016 N/A -5.2% 13.0% N/A
2015 N/A -21.5% -5.1% N/A

Total Return Ranking - Trailing

Period ABZEX Return Category Return Low Category Return High Rank in Category (%)
YTD -13.2% -15.7% 0.0% 77.27%
1 Yr -7.6% -17.5% 3.2% 75.00%
3 Yr N/A* -11.6% 5.4% 13.04%
5 Yr N/A* -6.8% 2.1% 16.67%
10 Yr N/A* -5.3% -0.8% N/A

* Annualized

Total Return Ranking - Calendar

Period ABZEX Return Category Return Low Category Return High Rank in Category (%)
2019 12.2% -7.4% 18.4% 34.09%
2018 -13.8% -19.3% 0.0% 55.81%
2017 N/A 2.6% 29.6% N/A
2016 N/A -3.5% 13.2% N/A
2015 N/A -18.5% -1.6% N/A

NAV & Total Return History


Holdings

ABZEX - Holdings

Concentration Analysis

ABZEX Category Low Category High ABZEX % Rank
Net Assets 131 M 31.4 K 1.06 B 29.17%
Number of Holdings 467 10 535 9.09%
Net Assets in Top 10 18.9 M 58.4 K 388 M 50.00%
Weighting of Top 10 15.06% 1.9% 73.5% 70.45%

Top 10 Holdings

  1. Alibaba Group Holding Ltd ADR 2.64%
  2. Samsung Electronics Co Ltd 2.40%
  3. Taiwan Semiconductor Manufacturing Co Ltd 1.87%
  4. Tencent Holdings Ltd 1.50%
  5. China Citic Bank Corp Ltd Class H 1.29%
  6. Samsung Electronics Co Ltd Participating Preferred 1.24%
  7. China Resources Cement Holdings Ltd 1.13%
  8. Perusahaan Listrik Negara PT 3.38% 1.02%
  9. PJSC Lukoil ADR 1.00%
  10. Russian Federation 5.25% 0.97%

Asset Allocation

Weighting Return Low Return High ABZEX % Rank
Stocks
50.37% 0.00% 75.07% 34.09%
Bonds
38.29% 1.34% 79.30% 52.27%
Cash
11.33% -17.40% 103.27% 45.45%
Preferred Stocks
0.00% 0.00% 0.47% 38.64%
Other
0.00% -4.61% 6.19% 54.55%
Convertible Bonds
0.00% 0.00% 2.09% 31.82%

Expenses

ABZEX - Expenses

Operational Fees

ABZEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.60% 0.64% 13.51% 54.55%
Management Fee 0.85% 0.15% 1.15% 61.22%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.50% N/A

Sales Fees

ABZEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

ABZEX 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.

ABZEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 110.00% 0.00% 188.64% 71.79%

Distributions

ABZEX - Distributions

Dividend Yield Analysis

ABZEX Category Low Category High ABZEX % Rank
Dividend Yield 0.00% 0.00% 1.21% 30.61%

Dividend Distribution Analysis

ABZEX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Net Income Ratio Analysis

ABZEX Category Low Category High ABZEX % Rank
Net Income Ratio 3.49% -0.79% 8.13% 47.73%

Capital Gain Distribution Analysis

ABZEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

ABZEX - Fund Manager Analysis

Managers

Morgan Harting


Start Date

Tenure

Tenure Rank

Aug 31, 2011

8.67

8.7%

Morgan 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 analysts, 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 internaitonal economics. Harting is a CFA charterholder and a Chartered Alternative Investment Analysts. Location: New York

Henry D'Auria


Start Date

Tenure

Tenure Rank

Aug 31, 2011

8.67

8.7%

Henry D'Auria, CFA is a Portfolio Manager at AllianceBernstein and has been with the firm since 1991. Mr. D'Auria is the Chief Investment Officer of Emerging Markets Value Equities, a position he has held since 2002, and Portfolio Manager for the Next 50 Emerging Markets Fund. Mr. D'Auria holds a B.A. in economics from Trinity College and is a CFA charterholder.

Shamaila Khan


Start Date

Tenure

Tenure Rank

Jul 31, 2017

2.75

2.8%

Shamaila Khan is a Director of AB’s Emerging Market Debt strategies. In January 2017, she was named a Director of Emerging Market Debt, expanding her influence on our Emerging Market Debt team to include the management and oversight of our hard- and local-currency emerging-market sovereign-debt strategies. Khan joined AB in 2011 as a senior vice president and portfolio manager, focusing on emerging-market corporate and quasi-sovereign issuers across all of AB’s emerging-market debt and credit strategies. She has been actively managing and evaluating corporate and sovereign emerging-market debt issuance since 1997. Prior to joining AB, Khan served as managing director of emerging-market debt for TIAA-CREF. She has participated in many emerging-market panels and discussions worldwide, including Fitch’s Annual Emerging Markets Outlook Conference, the Bank of America Merrill Lynch Emerging Markets Conference and Debtwire Emerging Markets Investors Summit. Khan holds a BBA from Quaid-i-Azam University, Pakistan, and an MBA (with honors) from New York University’s Leonard N. Stern School of Business.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.33 17.35 5.98 8.67