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ABASX AB Discovery Value A

  • Fund
  • ABASX
  • Price as of: Apr 18, 2019
  • $19.98
  • - $0.01
  • - 0.05%
  • Category
  • Mid Cap Value Equities

ABASX - Profile

Vitals

  • YTD Return 15.5%
  • 3 Yr Annualized Return 8.5%
  • 5 Yr Annualized Return 5.7%
  • Net Assets $2.88 B
  • Holdings in Top 10 15.7%

52 WEEK LOW AND HIGH

$19.98
$16.35
$24.15

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.10%

SALES FEES

  • Front Load 4.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 42.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$2,500

Investment Themes

CATEGORY

Mid Cap Value Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Small Value

Distributions

  • YTD Total Return 15.5%
  • 3 Yr Annualized Total Return 6.9%
  • 5 Yr Annualized Total Return 4.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.30%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name AB Discovery Value Fund
  • Fund Family Name AllianceBernstein
  • Inception Date Mar 29, 2001
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Shri Singhvi

Fund Description

The fund invests primarily in a diversified portfolio of equity securities of small- to mid-capitalization U.S. companies. Under normal circumstances, it invests at least 80% of its net assets in securities of small- to mid-capitalization companies. For purposes of this policy, small- to mid-capitalization companies are those that, at the time of investment, fall within the capitalization range between the smallest company in the Russell 2500(R) Value Index and the greater of $5 billion or the market capitalization of the largest company in the Russell 2500(R) Value Index.

ABASX - Performance

Return Ranking - Trailing

Period ABASX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 15.5% -31.3% 24.2% 64.13% 4
1 Yr -2.9% -33.1% 33.5% 75.36% 4
3 Yr 8.5% * -9.7% 15.5% 50.89% 3
5 Yr 5.7% * -6.2% 16.0% 50.26% 3
10 Yr 15.3% * 0.8% 19.3% 29.43% 2

* Annualized


Return Ranking - Calendar

Period ABASX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -24.1% -92.8% 17.4% 60.88% 4
2017 5.7% -23.0% 26.2% 51.54% 3
2016 20.2% -18.5% 36.2% 5.18% 1
2015 -11.5% -30.9% 35.1% 51.04% 3
2014 -5.1% -18.7% 36.6% 75.49% 4

Total Return Ranking - Trailing

Period ABASX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 15.5% -100.0% 24.2% 64.51% 4
1 Yr -7.0% -28.1% 97.8% 87.20% 5
3 Yr 6.9% * -7.6% 15.5% 70.13% 4
5 Yr 4.8% * -6.2% 22.4% 68.56% 4
10 Yr 14.8% * 0.8% 19.3% 40.84% 3

* Annualized


Total Return Ranking - Calendar

Period ABASX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -24.1% -92.8% 20.9% 61.12% 4
2017 5.7% -16.5% 26.2% 53.08% 3
2016 20.2% -18.3% 28.0% 7.49% 1
2015 -6.3% -26.7% 138.4% 58.33% 3
2014 10.3% -12.4% 159.7% 58.03% 3

NAV & Total Return History

ABASX - Holdings

Filings data as of: Feb 28, 2019

Concentration Analysis

ABASX Category Low Category High ABASX % Rank Quintile
Net Assets 2.88 B 313 K 31.1 B 4.72% 1
Number of Holdings 99 25 2630 11.79% 3
Net Assets in Top 10 462 M 105 K 8.81 B 6.84% 2
Weighting of Top 10 15.7% 6.4% 59.3% 28.77% 4

Top 10 Holdings

  1. Zions Bancorp NA 1.75%
  2. Reinsurance Group of America Inc 1.74%
  3. Everest Re Group Ltd 1.80%
  4. Camden Property Trust 1.59%
  5. CubeSmart 1.43%
  6. US Foods Holding Corp 1.50%
  7. Sun Communities Inc 1.52%
  8. Alaska Air Group Inc 1.44%
  9. Nomad Foods Ltd 1.48%
  10. BankUnited Inc 1.48%

Asset Allocation

Weighting Category Low Category High ABASX % Rank Quintile
Stocks
98.44% 14.26% 100.35% 9.67% 2
Cash
1.56% -0.95% 53.73% 21.46% 4
Preferred Stocks
0.00% 0.00% 18.36% 3.30% 5
Other
0.00% -5.25% 7.57% 5.90% 5
Convertible Bonds
0.00% 0.00% 0.68% 1.18% 5
Bonds
0.00% -0.05% 39.24% 3.77% 5

Stock Sector Breakdown

Weighting Category Low Category High ABASX % Rank Quintile
Financial Services
23.24% 0.00% 37.79% 9.67% 2
Industrials
14.95% 0.00% 37.62% 13.21% 2
Technology
12.96% 0.00% 30.76% 8.25% 2
Consumer Cyclical
12.13% 0.00% 34.16% 18.87% 3
Real Estate
11.46% 0.00% 46.58% 8.02% 2
Energy
6.62% 0.00% 37.42% 15.33% 3
Consumer Defense
5.73% 0.00% 16.80% 12.26% 2
Utilities
5.32% 0.00% 13.21% 18.63% 3
Basic Materials
3.28% 0.00% 25.03% 26.42% 4
Healthcare
2.75% 0.00% 24.89% 31.84% 5
Communication Services
0.00% 0.00% 7.54% 16.75% 5

Stock Geographic Breakdown

Weighting Category Low Category High ABASX % Rank Quintile
US
93.38% 10.88% 100.00% 18.40% 3
Non US
5.06% 0.00% 37.72% 10.38% 2

ABASX - Expenses

Operational Fees

ABASX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.10% 0.00% 19.64% 28.30% 2
Management Fee 0.73% 0.06% 1.26% 4.95% 3
12b-1 Fee 0.25% 0.00% 1.00% 3.40% 3
Administrative Fee N/A 0.01% 0.47% N/A N/A

Sales Fees

ABASX Fees (% of AUM) Category Low Category High ABASX Rank Quintile
Front Load 4.25% 2.50% 5.75% 9.21% 1
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

ABASX Fees (% of AUM) Category Low Category High ABASX Rank Quintile
Max Redemption Fee N/A 0.50% 2.00% N/A N/A

Turnover 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.

ABASX Fees (% of AUM) Category Low Category High ABASX Rank Quintile
Turnover 42.00% 2.00% 852.98% 16.04% 3

ABASX - Distributions

Dividend Yield Analysis

ABASX Category Low Category High ABASX % Rank Quintile
Dividend Yield 0.0% 0.00% 3.80% 69.23% 4

Dividend Distribution Analysis

ABASX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

ABASX Category Low Category High ABASX % Rank Quintile
Net Income Ratio 0.30% -4.66% 6.58% 30.42% 4

Capital Gain Distribution Analysis

ABASX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

ABASX - Managers

Shri Singhvi

Manager

Start Date

Jul 21, 2014

Tenure

4.7

Tenure Rank

12.4%

Shri Singhvi Portfolio Manager—US Small and Mid-Cap Value Equities Shri Singhvi is a Director of research of AB’s small and mid-cap value equities since 2014, with responsibility for overseeing coverage of companies for the small-cap and small/mid-cap value services. Shri Singhvi is a Portfolio Manager for US Small and Mid-Cap Value Equities, with research coverage that includes financial companies.From 2008 until his recent promotion, Mr. Singhvi was a senior research analyst on AB’s small/mid-cap value team, responsible for coverage of financial and technology companies. Prior to joining the portfolio-management team in July 2014, he was a senior research analyst on the Small and Mid-Cap Value team, responsible for covering financial and technology companies. Before joining the firm in 2008, Singhvi was an engagement manager for McKinsey & Company, where he consulted on strategy for technology, media and telecom companies and investment due diligences for hedge funds and private equity clients. Prior to that, he spent more than five years in Silicon Valley working as a senior R&D engineer at Applied Materials and as a software solutions architect at i2 Technologies. Mr. Singhvi began his investment career in 2005. Singhvi holds a BTech in chemical engineering from the Indian Institute of Technology, Bombay; an MS in chemical engineering from Purdue University; and an MBA from the University of Chicago. Location: New York


James W. MacGregor

Manager

Start Date

Mar 01, 2005

Tenure

14.09

Tenure Rank

3.3%

Chief Investment Officer—Small and Mid-Cap Value Equities James MacGregor was appointed Chief Investment Officer of Small and Mid-Cap Value Equities in 2009. From 2009 to 2012, he also served as CIO of Canadian Value Equities. From 2004 to 2009, MacGregor was director of research of Small and Mid-Cap Value Equities, overseeing coverage of companies for the Small-Cap and Small/Mid-Cap Value services. He started as a research analyst covering the banking, energy, industrial commodity, transportation, and aerospace & defense industries for those same services. Prior to joining the firm in 1998, MacGregor was a sell-side research analyst at Morgan Stanley, where he covered US packaging and Canadian paper stocks. He holds a BA in economics from McGill University, an MSc in economics from the London School of Economics and an MBA from the University of Chicago. MacGregor is a CFA charterholder. Location: New York


Tenure Analysis

Category Low

0.1

Category High

30.6

Category Average

7.32

Category Mode

4.3