AB Discovery Value Fund
Name
As of 11/07/2019Price
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
Vitals
YTD Return
N/A
1 yr return
N/A
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$2.49 B
Holdings in Top 10
16.6%
52 WEEK LOW AND HIGH
$18.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio N/A
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/07/2019Price
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
ABBSX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
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Legal NameAB Discovery Value Fund
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Fund Family NameALLIANCEBE
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Inception DateN/A
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Shares OutstandingN/A
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Share ClassN/A
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CurrencyUSD
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Domiciled CountryUS
Fund Description
The Fund invests primarily in a diversified portfolio of equity securities of small- to mid‑capitalization U.S. companies. Under normal circumstances, the Fund 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® Value Index and the greater of $5 billion or the market capitalization of the largest company in the Russell 2500® Value Index.
Because the Fund’s definition of small- to mid‑capitalization companies is dynamic, the lower and upper limits on market capitalization will change with the markets. As of December 31, 2022, the capitalization ranges of companies in the Russell 2500® Value Index ranged from approximately $1.3 million to $20.4 billion.
The Fund invests in companies that are determined by the Adviser to be undervalued, using the Adviser’s fundamental value approach. In selecting securities for the Fund’s portfolio, the Adviser uses its fundamental and quantitative research to identify companies whose long-term earnings power is not reflected in the current market price of their securities.
In selecting securities for the Fund’s portfolio, the Adviser looks for companies with attractive valuation and compelling success factors (for example, momentum and return on equity). The Adviser then uses this information to calculate an expected return. Returns and rankings are updated on a daily basis. The rankings are used to determine prospective candidates for further fundamental research and, subsequently, possible addition to the portfolio. Typically, the Adviser’s fundamental research analysts focus their research on the most attractive 20% of the universe.
The Adviser typically projects a company’s financial performance over a full economic cycle, including a trough and a peak, within the context of forecasts for real economic growth, inflation and interest rate changes. The Adviser focuses on the valuation implied by the current price, relative to the earnings the company will be generating five years from now, or “normalized” earnings, assuming average mid‑economic cycle growth for the fifth year.
The Fund’s management team and other senior investment professionals work in close collaboration to weigh each investment opportunity identified by the research staff relative to the entire portfolio and determine the timing and position size for purchases and sales. Analysts remain responsible for monitoring new developments that would affect the securities they cover. The team will generally sell a security when it no longer meets appropriate valuation criteria, although sales may be delayed when positive return trends are favorable. Typically, growth in the size of a company’s market capitalization relative to other domestically traded companies will not cause the Fund to dispose of the security.
The Adviser seeks to manage overall portfolio volatility relative to the universe of companies that comprise the lowest 20% of the total U.S. market capitalization by favoring promising securities that offer the best balance between return and targeted risk. At times, the Fund may favor or disfavor a particular sector compared to that universe of companies. The Fund may invest significantly in companies involved in certain sectors that constitute a material portion of the universe of small- and mid‑capitalization companies, such as financial services and consumer services.
The Fund may enter into derivatives transactions, such as options, futures contracts, forwards, and swaps. The Fund may use options strategies involving the purchase and/or writing of various combinations of call and/or put options, including on individual securities and stock indices, futures contracts (including futures contracts on individual securities and stock indices) or shares of exchange-traded funds (“ETFs”). These transactions may be used, for example, in an effort to earn extra income, to adjust exposure to individual securities or markets, or to protect all or a portion of the Fund’s portfolio from a decline in value, sometimes within certain ranges.
The Fund may invest in securities issued by non‑U.S. companies.
The Fund may, at times, invest in shares of ETFs in lieu of making direct investments in equity securities. ETFs may provide more efficient and economical exposure to the type of companies and geographic locations in which the Fund seeks to invest than direct investments.
ABBSX - Performance
Return Ranking - Trailing
Period | ABBSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -31.2% | 490.9% | 0.80% |
1 Yr | N/A | -92.8% | 537.3% | 0.54% |
3 Yr | N/A* | -57.9% | 76.9% | 13.47% |
5 Yr | N/A* | -39.4% | 46.0% | 26.21% |
10 Yr | N/A* | -18.6% | 9.2% | 37.56% |
* Annualized
Return Ranking - Calendar
Period | ABBSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -92.4% | 35.0% | 74.11% |
2022 | N/A | -36.8% | -7.9% | 66.95% |
2021 | N/A | -16.5% | 19.3% | 63.58% |
2020 | N/A | -14.6% | 28.1% | 12.50% |
2019 | -24.6% | -36.5% | 0.2% | 61.41% |
Total Return Ranking - Trailing
Period | ABBSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -31.2% | 490.9% | 0.80% |
1 Yr | N/A | -92.8% | 537.3% | 0.54% |
3 Yr | N/A* | -57.7% | 82.3% | 3.72% |
5 Yr | N/A* | -39.0% | 48.7% | 4.53% |
10 Yr | N/A* | -18.4% | 10.4% | 1.81% |
* Annualized
Total Return Ranking - Calendar
Period | ABBSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -92.4% | 35.0% | 74.11% |
2022 | N/A | -32.7% | -4.1% | 44.26% |
2021 | N/A | 0.5% | 26.9% | 52.16% |
2020 | N/A | -2.5% | 29.0% | 6.41% |
2019 | -15.3% | -25.7% | 5.0% | 53.02% |
NAV & Total Return History
ABBSX - Holdings
Concentration Analysis
ABBSX | Category Low | Category High | ABBSX % Rank | |
---|---|---|---|---|
Net Assets | 2.49 B | 708 K | 18.4 B | 16.84% |
Number of Holdings | 91 | 9 | 2446 | 28.68% |
Net Assets in Top 10 | 473 M | 157 K | 2.63 B | 25.00% |
Weighting of Top 10 | 16.57% | 5.9% | 99.7% | 81.58% |
Top 10 Holdings
- Comerica Inc 1.88%
- Acadia Healthcare Co Inc 1.76%
- Alliance Bernstein 1.74%
- First Citizens BancShares Inc/NC 1.72%
- IDACORP Inc 1.64%
- Zions Bancorp NA 1.59%
- Knight-Swift Transportation Holdings Inc 1.57%
- Envista Holdings Corp 1.57%
- Wintrust Financial Corp 1.55%
- Huntsman Corp 1.54%
Asset Allocation
Weighting | Return Low | Return High | ABBSX % Rank | |
---|---|---|---|---|
Stocks | 99.04% | 81.07% | 100.37% | 14.21% |
Cash | 2.28% | -0.37% | 12.68% | 86.05% |
Preferred Stocks | 0.00% | 0.00% | 1.66% | 11.58% |
Other | 0.00% | 0.00% | 4.49% | 12.89% |
Convertible Bonds | 0.00% | 0.00% | 0.02% | 10.53% |
Bonds | 0.00% | 0.00% | 4.59% | 14.21% |
Stock Sector Breakdown
Weighting | Return Low | Return High | ABBSX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 14.35% | 70.79% |
Technology | 0.00% | 0.00% | 23.80% | 9.47% |
Real Estate | 0.00% | 0.00% | 19.27% | 3.68% |
Industrials | 0.00% | 0.00% | 28.07% | 78.95% |
Healthcare | 0.00% | 0.00% | 26.85% | 96.05% |
Financial Services | 0.00% | 0.00% | 36.00% | 20.79% |
Energy | 0.00% | 0.00% | 17.69% | 27.63% |
Communication Services | 0.00% | 0.00% | 22.88% | 95.00% |
Consumer Defense | 0.00% | 0.00% | 24.76% | 43.95% |
Consumer Cyclical | 0.00% | 1.30% | 26.20% | 16.84% |
Basic Materials | 0.00% | 0.00% | 21.15% | 78.16% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | ABBSX % Rank | |
---|---|---|---|---|
US | 99.04% | 80.50% | 99.45% | 60.00% |
Non US | 0.00% | 0.00% | 18.29% | 24.21% |
ABBSX - Expenses
Operational Fees
ABBSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | N/A | 0.05% | 43.95% | 12.77% |
Management Fee | N/A | 0.00% | 1.20% | 56.05% |
12b-1 Fee | N/A | 0.00% | 1.00% | 84.05% |
Administrative Fee | N/A | 0.01% | 0.47% | N/A |
Sales Fees
ABBSX 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% | 4.00% | 2.13% |
Trading Fees
ABBSX 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.
ABBSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 6.00% | 204.00% | 45.89% |
ABBSX - Distributions
Dividend Yield Analysis
ABBSX | Category Low | Category High | ABBSX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 12.10% | 13.16% |
Dividend Distribution Analysis
ABBSX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annually | Quarterly | Quarterly |
Net Income Ratio Analysis
ABBSX | Category Low | Category High | ABBSX % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | -0.89% | 2.82% | 91.78% |
Capital Gain Distribution Analysis
ABBSX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 17, 2018 | $0.029 | OrdinaryDividend |
Dec 19, 2017 | $0.004 | OrdinaryDividend |
Dec 20, 2016 | $0.003 | OrdinaryDividend |
Dec 23, 2014 | $0.074 | OrdinaryDividend |
Dec 26, 2013 | $0.017 | OrdinaryDividend |
Dec 26, 2012 | $0.035 | OrdinaryDividend |
Dec 27, 2010 | $0.011 | OrdinaryDividend |
Dec 28, 2009 | $0.043 | OrdinaryDividend |
Dec 26, 2008 | $0.084 | OrdinaryDividend |
Dec 19, 2001 | $0.025 | OrdinaryDividend |