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Address And Details

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

Strategy And Objective

The Portfolios investment objective is to provide long-term capital growth through investments in equity securities of companies in emerging-market countries. The Portfolio invests, under normal circumstances, at least 80% of its net assets in securities of companies in emerging markets. For purposes of this policy, net assets include any borrowings for investment purposes. Issuers of these securities may be large-, mid- or small-capitalization companies.AllianceBernstein L.P., the Portfolios investment manager (the Manager), determines which countries are emerging-market countries. In general, these are the countries considered to be developing countries by the international financial community and include those countries considered by MSCI (Morgan Stanley Capital International) to have an emerging or frontier stock market. Examples of emerging and frontier market countries include Argentina, Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Kuwait, Lithuania, Malaysia, Mexico, Morocco, Pakistan, Peru, the Philippines, Poland, Russia, Saudi Arabia, South Africa, South Korea, Taiwan, Thailand, Turkey, United Arab Emirates and Vietnam. The Manager invests the Portfolios assets using multiple disciplines. The Portfolio may own stocks selected using the Managers bottom-up research in value, growth, core and other investment style disciplines. The Manager may allocate assets to companies in different targeted ranges of market capitalization. Within each investment discipline, the Manager draws on the capabilities of separate investment teams. The Manager relies on both fundamental and quantitative research to manage risk and return for the Portfolio. The Portfolio may invest in companies of any size. The Portfolio invests primarily in common stocks, but may also invest in preferred stocks, warrants and convertible securities of foreign issuers, including sponsored or unsponsored American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs). Under most conditions, the Portfolio intends to have its assets invested among multiple emerging-market countries, although the Portfolio may also invest in more developed country markets. In allocating the Portfolios assets among emerging-market countries, the Manager considers such factors as the geographical distribution of the Portfolio, the sizes of the stock markets represented and the various key economic characteristics of the countries. However, the Portfolio may not necessarily be diversified on a geographical basis. The Manager also considers the transaction costs and volatility of each individual market. The Portfolio may enter into foreign currency transactions for hedging and non-hedging purposes on a spot (i.e., cash) basis or through the use of derivatives transactions, such as forward currency exchange contracts, currency futures and options thereon, and options on currencies. An appropriate hedge of currency exposure resulting from the Portfolios securities positions may not be available or cost effective, or the Manager may determine not to hedge the positions, possibly even under market conditions where doing so could benefit the Portfolio. The Portfolio generally invests in foreign-currency futures contracts or foreign-currency forward contracts with terms of up to one year. The Portfolio also purchases foreign currency for immediate settlement in order to purchase foreign securities.

Net Asset Value

as of 5:50 PM ET 12/07/2021

Performance

  • 1 Week
  • -6.06%
  • 1 Month
  • -11.84%
  • 3 Months
  • -11.74%
  • 1 Yr Return
  • -5.30%
  • 5 Yr Return
  • +20.15%

Equity Sector Breakdown

Finance 25.29%
Technology 18.74%
RetailTrade 11.51%
IndustrialCyclical 8.48%
Services 4.50%
Energy 3.93%
ConsumerDurables 2.59%
NonDurables 2.02%
Utilities 1.01%
Health 0.51%

Asset Allocation

Asset Type % Of Allocation
Stocks 93.49%
ForeignStocks 89.75%
Preferred 1.24%
Cash 0.00%
Bonds 0.00%
Convertible 0.00%
Other 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 1.25 B

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -2.54 -6.16 -8.83
Beta 0.84 0.85 0.93
R Squared 0.63 0.54 0.49
Std Deviation 19.60 17.80 17.37
Sharpe Ratio 0.79 0.50 n/a

Purchase Information

as of 5:40 PM ET 12/06/2021
Minimum Initial $5000
Minimum Additional $0
Minimum Initial IRA $5000

Performance

Timeframe Average Annual Current Performance Monthly As Of 11/30/2021 Average Annual Current Performance Quarterly As Of 09/30/2021 Avg Annual Current Performance Monthly As Of 11/30/2021 Avg Annual Current Performance Quarterly As Of 09/30/2021
1 Year
  • +7.40%
  • +25.20%
+7.40% +25.20%
3 Year
  • +11.14%
  • +9.57%
+11.14% +9.57%
10 Year
  • +4.53%
  • +5.85%
+4.53% +5.85%
Life Of Fund
  • +6.65%
  • +6.82%
+6.65% +6.82%

Top 10 Holdings

Symbol Company Name % Of Assets
TSM TAIWAN SEMICONDUCTOR MANUFACT 4.57%
0700.HK TENCENT HOLDINGS LTD 3.65%
067166 SAMSUNG ELECTRONICS CO LTD 3.39%
000660 SK HYNIX INC 2.45%
SBER.MM SBERBANK OF RUSSIA 2.36%
JD JD COM INC 1.75%
BABA.N ALIBABA GROUP HOLDING LTD 1.72%
105560.K KB FINANCIAL GROUP INC 1.64%
OPAP:GA OPAP SA 1.60%
035420.K NAVER CORP 1.59%

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