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Trending ETFs

Name

As of 05/17/2024

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

$16.98

$179 M

0.50%

$0.08

1.17%

Vitals

YTD Return

3.9%

1 yr return

9.1%

3 Yr Avg Return

1.1%

5 Yr Avg Return

6.0%

Net Assets

$179 M

Holdings in Top 10

80.2%

52 WEEK LOW AND HIGH

$17.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.17%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 7.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 05/17/2024

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

$16.98

$179 M

0.50%

$0.08

1.17%

CABIX - Profile

Distributions

  • YTD Total Return 3.9%
  • 3 Yr Annualized Total Return 1.1%
  • 5 Yr Annualized Total Return 6.0%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.77%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    AB GLOBAL RISK ALLOCATION FUND, INC.
  • Fund Family Name
    ALLIANCEBE
  • Inception Date
    Mar 07, 2005
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Leon Zhu

Fund Description

The Fund invests dynamically in a number of global asset classes, including equity/credit, fixed-income, and inflation-sensitive instruments. In making decisions on the allocation of assets among asset classes, the Adviser will use a risk-balanced approach. This strategy attempts to provide investors with favorable long-term total return while minimizing exposure to material downside (“tail”) events. To execute this strategy, the Adviser assesses the volatility, tail loss and return potential of each asset. Fund assets are then allocated among asset classes so that no asset class dominates the expected tail loss of the Fund. This will generally result in the Fund having greater exposures to lower risk asset classes (such as fixed-income) than to higher risk asset classes. The Adviser will make frequent adjustments to the Fund’s asset class exposures based on its determinations of volatility, tail loss and return potential.
The asset classes in which the Fund may invest include:
equity/credit—equity securities of all types and corporate fixed-income securities (regardless of credit quality, but subject to the limitations on high-yield securities set forth below);
fixed-income—fixed-income securities of the U.S. and foreign governments and their agencies and instrumentalities; and
inflation-sensitive—global inflation-indexed securities (including Treasury Inflation Protected Securities) and commodity-related instruments and derivatives (including commodity futures).
The Fund’s investments within each asset class are generally index-based—typically, portfolios of individual securities, derivatives or exchange-traded funds (“ETFs”) intended to track the performance of segments within each particular asset class. The inflation-sensitive asset class consists of instruments, the prices of which are affected directly or indirectly by the level and change in the rate of inflation, such as commodity derivatives.
Equity securities will comprise no more than 75% of the Fund’s investments. The Fund may invest in fixed-income securities with a range of maturities from short- to long-term. The Fund may invest up to 20% of its assets in high-yield securities (securities rated below BBB- by S&P Global Ratings (“S&P”), Moody’s Investors Service, Inc. (“Moody’s”), or Fitch Ratings (“Fitch”), or the equivalent by any other nationally recognized statistical rating organization (“NRSRO”), which are commonly known as “junk bonds”). As an operating policy, the Fund will invest no more than 5% of its assets in securities rated CCC- or below.
The Fund’s investments will generally be global in nature, and will generally include investments in both developed and emerging markets. The Fund typically invests at least 40% of its assets in securities of non-U.S. companies and/or foreign countries and their agencies and instrumentalities unless conditions are not deemed favorable by the Adviser, in which case the Fund will invest at least 30% of its assets in such foreign securities.
Derivatives, particularly futures contracts and swaps, often provide more efficient and economical exposure to market segments than direct investments, and the Fund’s exposure to certain types of assets may at times be achieved partially or substantially through investment in derivatives. Derivatives transactions may also be a quicker and more efficient way to alter the Fund’s exposure than buying and selling direct investments. In determining when and to what extent to enter into derivatives transactions, the Adviser considers factors such as the risk and returns of these investments relative to direct investments and the cost of such transactions.
Because derivatives transactions frequently require cash outlays that are only a small portion of the amount of exposure obtained through the derivative, a portion of the Fund’s assets may be held in cash or invested in cash equivalents to cover the Fund’s
derivatives obligations, such as short-term U.S. Government and agency securities, repurchase agreements and money market funds. At times, a combination of direct securities investments and derivatives will be used to gain asset class exposure so that the Fund’s aggregate exposure will substantially exceed its net assets (i.e., so that the Fund is effectively leveraged). In addition, the Fund may at times invest in shares of ETFs in lieu of making direct investments in securities.
While the Fund may seek to gain exposure to physical commodities traded in the commodities markets through investments in a variety of derivative instruments, the Adviser expects to seek exposure to commodities and commodities-related instruments and derivatives primarily through investments in AllianceBernstein Global Risk Allocation (Cayman) Ltd., a wholly-owned subsidiary of the Fund organized under the laws of the Cayman Islands (the “Subsidiary”). The Subsidiary is advised by the Adviser and has the same investment objective and substantially similar investment policies and restrictions as the Fund except that the Subsidiary, unlike the Fund, may invest, without limitation, in commodities and commodities-related instruments. The Fund is subject to the risks associated with the commodities, derivatives and other instruments in which the Subsidiary invests, to the extent of its investment in the Subsidiary. The Fund limits its investment in the Subsidiary to no more than 25% of its total assets. Investment in the Subsidiary is expected to provide the Fund with commodity exposure within the limitations of federal tax requirements that apply to the Fund.
Currency exchange rate fluctuations can have a dramatic impact on returns. The Adviser may seek to hedge all or a portion of the Fund’s currency exposure resulting from Fund investments or decide not to hedge this exposure. The Adviser may also cause the Fund to take on currency exposure for purposes other than hedging, relying on its fundamental and quantitative research with the goal of increasing returns or managing risk. Currency-related investments may include currencies acquired on a spot (i.e., cash) basis and currency-related derivatives, including forward currency exchange contracts and options on currencies.
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CABIX - Performance

Return Ranking - Trailing

Period CABIX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.9% -2.3% 17.7% 72.85%
1 Yr 9.1% -3.5% 48.8% 69.55%
3 Yr 1.1%* -21.4% 11.0% 52.97%
5 Yr 6.0%* -11.8% 21.4% 33.17%
10 Yr 4.6%* -4.4% 10.1% 37.59%

* Annualized

Return Ranking - Calendar

Period CABIX Return Category Return Low Category Return High Rank in Category (%)
2023 4.6% -18.9% 60.2% 65.45%
2022 -16.8% -48.5% 0.1% 50.68%
2021 2.1% -19.0% 48.3% 56.88%
2020 7.3% -16.5% 52.8% 41.83%
2019 14.7% -8.5% 27.3% 18.23%

Total Return Ranking - Trailing

Period CABIX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.9% -2.3% 17.7% 72.85%
1 Yr 9.1% -3.5% 48.8% 69.55%
3 Yr 1.1%* -21.4% 11.0% 52.97%
5 Yr 6.0%* -11.8% 21.4% 33.17%
10 Yr 4.6%* -4.4% 10.1% 37.59%

* Annualized

Total Return Ranking - Calendar

Period CABIX Return Category Return Low Category Return High Rank in Category (%)
2023 6.4% -11.7% 61.8% 71.36%
2022 -9.7% -48.5% 4.6% 23.74%
2021 12.4% -14.2% 48.3% 43.12%
2020 10.9% -11.7% 77.4% 32.21%
2019 16.6% -3.9% 28.4% 27.59%

NAV & Total Return History


CABIX - Holdings

Concentration Analysis

CABIX Category Low Category High CABIX % Rank
Net Assets 179 M 1.98 M 13.3 B 52.49%
Number of Holdings 1535 2 1954 4.52%
Net Assets in Top 10 144 M 1.16 M 10.4 B 46.15%
Weighting of Top 10 80.23% 0.4% 120.6% 43.44%

Top 10 Holdings

  1. U.S. Treasury Inflation-Indexed Notes 33.55%
  2. Japan Treasury Discount Bill 17.89%
  3. U.S. Treasury Inflation-Indexed Notes 10.17%
  4. Vanguard SP 500 ETF 7.28%
  5. AB Fixed Income Shares, Inc. - Government Money Market Portfolio 4.02%
  6. U.S. Treasury Inflation-Indexed Notes 3.80%
  7. VanEck J. P. Morgan EM Local Currency Bond ETF 1.36%
  8. S+P500 EMINI FUT MAR24 1.01%
  9. Mexico Government International Bonds 0.64%
  10. iShares MSCI Emerging Markets ex China ETF 0.51%

Asset Allocation

Weighting Return Low Return High CABIX % Rank
Bonds
48.17% 0.00% 106.59% 10.86%
Cash
27.17% -33.22% 99.05% 12.22%
Stocks
23.38% 0.00% 137.56% 85.52%
Other
1.29% -29.71% 128.17% 18.10%
Preferred Stocks
0.00% 0.00% 5.36% 14.03%
Convertible Bonds
0.00% 0.00% 8.92% 65.16%

Stock Sector Breakdown

Weighting Return Low Return High CABIX % Rank
Financial Services
15.09% 0.00% 98.22% 25.67%
Technology
12.68% 0.00% 85.77% 62.57%
Real Estate
11.43% 0.00% 99.45% 18.18%
Healthcare
11.09% 0.00% 38.63% 55.08%
Industrials
10.36% 0.00% 23.85% 33.16%
Consumer Defense
8.89% 0.00% 37.51% 26.74%
Consumer Cyclical
7.43% 0.00% 25.83% 57.75%
Utilities
6.44% 0.00% 91.12% 17.11%
Basic Materials
6.44% 0.00% 56.73% 20.86%
Energy
5.71% 0.00% 60.89% 51.34%
Communication Services
4.44% 0.00% 21.61% 62.57%

Stock Geographic Breakdown

Weighting Return Low Return High CABIX % Rank
US
13.76% 0.00% 137.56% 86.88%
Non US
9.61% -1.94% 41.50% 16.74%

Bond Sector Breakdown

Weighting Return Low Return High CABIX % Rank
Government
80.13% 0.00% 99.78% 9.50%
Cash & Equivalents
21.96% 0.00% 80.17% 15.84%
Derivative
1.29% -14.68% 128.17% 17.65%
Securitized
0.00% 0.00% 52.99% 64.25%
Corporate
0.00% 0.00% 95.17% 76.47%
Municipal
0.00% 0.00% 19.13% 50.68%

Bond Geographic Breakdown

Weighting Return Low Return High CABIX % Rank
US
48.17% 0.00% 92.67% 8.14%
Non US
0.00% 0.00% 27.25% 39.37%

CABIX - Expenses

Operational Fees

CABIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.17% 0.49% 10.24% 74.66%
Management Fee 0.60% 0.00% 1.50% 20.81%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.05% 0.70% N/A

Sales Fees

CABIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

CABIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

CABIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 7.00% 1.75% 441.00% 2.81%

CABIX - Distributions

Dividend Yield Analysis

CABIX Category Low Category High CABIX % Rank
Dividend Yield 0.50% 0.00% 24.95% 48.87%

Dividend Distribution Analysis

CABIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Annual Annual

Net Income Ratio Analysis

CABIX Category Low Category High CABIX % Rank
Net Income Ratio 1.77% -2.01% 13.72% 19.46%

Capital Gain Distribution Analysis

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

Distributions History

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CABIX - Fund Manager Analysis

Managers

Leon Zhu


Start Date

Tenure

Tenure Rank

Oct 08, 2012

9.65

9.7%

Leon Zhu is a Senior Vice President and Portfolio Manager of Multi-Asset Solutions at AB, and has been Co-Portfolio Manager of Global Risk Allocation products since 2012. Previously, he served as director of Quantitative Research, a position he held for 10 years. Mr. Zhu joined AllianceBernstein L.P. in 1995. Zhu was also a member of the Investment Policy Group for the AllianceBernstein L.P.’s Global Diversified Strategies hedge funds from its inception in 2002 until 2014. Before joining AB as a quantitative analyst in 1995, he was a consultant at Princeton Consultants. Zhu holds a BS in mathematics from Yale University and an MA in mathematics from Princeton University, and is a CFA charterholder.

Daniel Loewy


Start Date

Tenure

Tenure Rank

Feb 10, 2016

6.31

6.3%

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

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.83 6.68 13.0