Address And Details

1345 Ave of the Americas , New York, NY 10105
Fund Manager Team Managed
Manager Tenure

Strategy And Objective

The Fund s investment objective is to achieve a high total return without, in the opinion of the Adviser, undue risk to principal. The Adviser allocates the Fund s investments among a number of asset classes, including fixed-income securities, equity securities, and alternative asset classes and alternative investment strategies. The Fund seeks to have generally greater exposure to fixed-income securities than equity securities or alternative asset classes and alternative investment strategies. 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. Investments will be made either directly or indirectly through underlying registered investment companies advised by the Adviser (each an Underlying Portfolio ), although a majority of the Fund s assets are expected to be invested directly. The Fund s investments in fixed-income securities may include corporate and sovereign debt securities as well as interest rate derivatives and credit derivatives such as credit default swaps. In selecting fixed-income securities for the Fund, the Adviser attempts to take advantage of inefficiencies that it believes exist in the global fixed-income markets. These inefficiencies arise from investor behavior, market complexity, and the investment limitations to which investors are subject. The Adviser intends to gain exposure to high-yield debt securities (commonly known as junk bonds ) through investment in the AB High Income Fund, an Underlying Portfolio, and may, in the future, gain such exposure through direct investments in high-yield debt securities. Fixed-income securities in which the Fund or AB High Income Fund may invest may be of any credit quality or maturity. The Fund s investments in equity securities of issuers consist primarily of securities of large-capitalization companies and derivatives related to such securities. In selecting equity securities for the Fund, the Adviser intends to use fundamental and quantitative analysis with the goal of generating returns primarily from security selection rather than price movements in equity securities generally. The Fund may invest in alternative investments the returns on which are expected to have low correlation with returns on equity and fixed-income securities, such as real-estate related securities and inflation-indexed securities. Alternative investment strategies that may be pursued by the Fund directly or indirectly through investment in other registered investment companies include (i) long/short equity strategies through which the Fund takes long positions in certain securities in the expectation that they will increase in value and takes short positions in other securities in the expectation that they will decrease in value; (ii) strategies that consider macroeconomic and technical factors to identify and exploit opportunities across global asset classes; and (iii) event-driven strategies that invest in the securities of companies that are expected to become the subject of major corporate events and companies in which an active role in company management has been taken or sought by a third-party investor. In order to gain exposure to real-estate related securities, the Adviser intends to invest a portion of the Fund s assets in the AB All Market Real Return Portfolio, an Underlying Portfolio. The Adviser seeks to adjust the Fund s asset class exposure utilizing both fundamental analysis and 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 utilizing derivatives. The Adviser intends to utilize a variety of derivatives in its management of the Fund. As noted above, the Adviser may use derivatives to gain exposure to various asset classes, and may cause the Fund to enter into derivatives in making the adjustments called for by DAA. As a result of the use of derivatives, the Fund will frequently be leveraged, with net investment exposure in excess of net assets. Currency exchange rate fluctuations 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. The Adviser may seek investment opportunities by taking long or short positions in currencies through the use of currency-related derivatives.

Net Asset Value

as of 5:47 PM ET 09/17/2021

Performance

  • 1 Week
  • -0.64%
  • 1 Month
  • -0.14%
  • 3 Months
  • +1.39%
  • 1 Yr Return
  • +10.93%
  • 5 Yr Return
  • +12.64%

Equity Sector Breakdown

Finance 31.13%
Technology 12.00%
RetailTrade 4.84%
Services 4.48%
IndustrialCyclical 4.08%
NonDurables 3.89%
Health 2.12%
ConsumerDurables 1.81%
Utilities 0.60%
Energy 0.33%

Asset Allocation

Asset Type % Of Allocation
Stocks 47.66%
Other 22.19%
ForeignStocks 11.81%
Preferred 0.01%
Cash 0.00%
Bonds 0.00%
Convertible 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 40.00 K

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -1.95 -2.63 -2.13
Beta 0.49 0.47 0.43
R Squared 0.82 0.77 0.78
Std Deviation 10.11 8.00 6.59
Sharpe Ratio 0.67 0.66 n/a

Purchase Information

as of 5:54 PM ET 09/16/2021
Minimum Initial $0
Minimum Additional $0
Minimum Initial IRA $0

Performance

Timeframe Average Annual Current Performance Monthly As Of 08/31/2021 Average Annual Current Performance Quarterly As Of 06/30/2021 Avg Annual Current Performance Monthly As Of 08/31/2021 Avg Annual Current Performance Quarterly As Of 06/30/2021
1 Year
  • +15.81%
  • +20.05%
+15.81% +20.05%
3 Year
  • +7.36%
  • +6.92%
+7.36% +6.92%
10 Year
  • +5.08%
  • +4.67%
+5.08% +4.67%
Life Of Fund
  • +4.62%
  • +4.56%
+4.62% +4.56%

Top 10 Holdings

Symbol Company Name % Of Assets
AMTAX AB ALL MARKET REAL RETURN POR 8.34%
MSFT MICROSOFT CORP 2.01%
AGDBX AB HIGH INCOME FUND INC 10.27%
FB FACEBOOK INC 1.21%
AMZN AMAZON COM INC 1.11%
PGNX PROGENICS PHARMACEUTICALS INC 0.00%
IQV IQVIA HOLDINGS INC 0.93%
MA MASTERCARD INC 0.87%
SCHW CHARLES SCHWAB CORP 0.87%
VNQI VANGUARD GLOBAL EX-US REAL ES 0.74%

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