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AEEIX AB Global Real Estate Investment I

  • Fund
  • AEEIX
  • Price as of: Apr 22, 2019
  • $14.88
  • - $0.11
  • - 0.73%
  • Category
  • Global Real Estate

AEEIX - Profile

Vitals

  • YTD Return 12.1%
  • 3 Yr Annualized Return 7.0%
  • 5 Yr Annualized Return 7.5%
  • Net Assets $144 M
  • Holdings in Top 10 25.5%

52 WEEK LOW AND HIGH

$14.88
$12.95
$15.36

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.04%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 75.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,000,000

IRA

N/A

Investment Themes

CATEGORY

Global Real Estate
  • Fund Type Open End Mutual Fund
  • Investment Style Global Real Estate

Distributions

  • YTD Total Return 12.1%
  • 3 Yr Annualized Total Return 7.0%
  • 5 Yr Annualized Total Return 7.5%
  • Capital Gain Distribution Frequency Daily
  • Net Income Ratio 2.31%
DIVIDENDS
  • Dividend Yield 1.2%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name AB Global Real Estate Investment Fund
  • Fund Family Name AllianceBernstein
  • Inception Date Mar 01, 2005
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Eric J. Franco

Fund Description

Under normal circumstances, the fund invests at least 80% of its net assets in the equity securities of real estate investment trusts, or REITs, and other real estate industry companies, such as real estate operating companies, or REOCs. It invests in U.S. and non-U.S. issuers. Under normal circumstances, it invests significantly (at least 40%--unless market conditions are not deemed favorable by the Adviser) in securities of non-U.S. companies. In addition, the fund invests, under normal circumstances, in the equity securities of companies located in at least three countries.

AEEIX - Performance

Return Ranking - Trailing

Period AEEIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 12.1% -34.4% 25.7% 24.59% 2
1 Yr 14.2% -38.5% 16.0% 8.20% 1
3 Yr 7.0% * -1.6% 10.4% 20.45% 2
5 Yr 7.5% * 1.4% 9.7% 11.43% 1
10 Yr 14.1% * -1.2% 16.2% 18.60% 1

* Annualized


Return Ranking - Calendar

Period AEEIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -8.5% -25.2% 10.2% 38.25% 3
2017 6.7% -51.8% 30.7% 44.44% 3
2016 -0.9% -44.3% 42.6% 26.32% 2
2015 -2.8% -17.6% 16.9% 25.73% 2
2014 9.7% -6.2% 43.2% 46.84% 3

Total Return Ranking - Trailing

Period AEEIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 12.1% -34.4% 25.7% 24.73% 2
1 Yr 14.2% -37.1% 19.3% 6.01% 1
3 Yr 7.0% * -2.0% 10.4% 16.48% 1
5 Yr 7.5% * 0.3% 9.7% 9.14% 1
10 Yr 14.1% * -1.2% 16.2% 17.05% 1

* Annualized


Total Return Ranking - Calendar

Period AEEIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -8.5% -25.2% 10.2% 40.66% 3
2017 6.7% -10.0% 30.7% 44.71% 3
2016 1.4% -29.6% 61.9% 24.12% 2
2015 0.1% -16.6% 21.7% 34.71% 2
2014 15.6% -4.7% 84.0% 36.54% 2

NAV & Total Return History

AEEIX - Holdings

Filings data as of: Feb 28, 2019

Concentration Analysis

AEEIX Category Low Category High AEEIX % Rank Quintile
Net Assets 144 M 1.21 M 8.22 B 21.20% 4
Number of Holdings 98 27 616 11.41% 2
Net Assets in Top 10 35.1 M 443 K 5.32 B 22.83% 4
Weighting of Top 10 25.5% 17.3% 67.0% 28.26% 5

Top 10 Holdings

  1. Simon Property Group Inc 3.59%
  2. Mitsui Fudosan Co Ltd 2.84%
  3. Digital Realty Trust Inc 2.22%
  4. CK Asset Holdings Ltd 2.27%
  5. Essex Property Trust Inc 2.08%
  6. Vonovia SE 2.59%
  7. Prologis Inc 3.86%
  8. HCP Inc 1.95%
  9. Unibail-Rodamco-Westfield 2.19%
  10. Alexandria Real Estate Equities Inc 1.92%

Asset Allocation

Weighting Category Low Category High AEEIX % Rank Quintile
Stocks
98.84% 56.87% 102.39% 8.70% 2
Other
0.60% -1.97% 8.70% 18.48% 3
Cash
0.55% -2.39% 18.89% 21.74% 3
Preferred Stocks
0.00% 0.00% 13.06% 2.17% 5
Convertible Bonds
0.00% 0.00% 0.68% 1.09% 5
Bonds
0.00% 0.00% 21.71% 2.17% 5

Stock Sector Breakdown

Weighting Category Low Category High AEEIX % Rank Quintile
Real Estate
96.06% 51.63% 99.94% 10.33% 2
Industrials
1.03% 0.00% 7.62% 4.35% 1
Consumer Cyclical
0.97% 0.00% 16.02% 15.22% 3
Financial Services
0.53% 0.00% 6.92% 4.35% 1
Basic Materials
0.25% 0.00% 2.18% 6.52% 2
Utilities
0.00% 0.00% 0.69% 1.63% 5
Technology
0.00% 0.00% 8.36% 9.78% 5
Healthcare
0.00% 0.00% 4.59% 3.26% 5
Energy
0.00% 0.00% 0.96% 1.63% 5
Communication Services
0.00% 0.00% 6.23% 11.41% 5
Consumer Defense
0.00% 0.00% 0.00% 0.54% 5

Stock Geographic Breakdown

Weighting Category Low Category High AEEIX % Rank Quintile
US
51.33% 0.00% 98.73% 14.67% 3
Non US
47.51% 0.00% 100.20% 16.85% 3

AEEIX - Expenses

Operational Fees

AEEIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.04% 0.11% 20.23% 53.80% 1
Management Fee 0.55% 0.09% 1.11% 11.96% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.01% 0.26% N/A N/A

Sales Fees

AEEIX Fees (% of AUM) Category Low Category High AEEIX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

AEEIX Fees (% of AUM) Category Low Category High AEEIX Rank Quintile
Max Redemption Fee N/A 0.25% 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.

AEEIX Fees (% of AUM) Category Low Category High AEEIX Rank Quintile
Turnover 75.00% 3.00% 289.00% 13.59% 3

AEEIX - Distributions

Dividend Yield Analysis

AEEIX Category Low Category High AEEIX % Rank Quintile
Dividend Yield 1.2% 0.00% 11.10% 9.36% 1

Dividend Distribution Analysis

AEEIX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

AEEIX Category Low Category High AEEIX % Rank Quintile
Net Income Ratio 2.31% 0.41% 5.25% 23.91% 2

Capital Gain Distribution Analysis

AEEIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Daily Annually Daily Annually

AEEIX - Managers

Eric J. Franco

Manager

Start Date

Feb 16, 2012

Tenure

7.12

Tenure Rank

12.0%

Eric J. Franco was appointed Portfolio Manager of Global Real Estate Securities in 2012. He also serves on the portfolio management team for Global and International Value Equities, a position he has held since joining the firm in 1998. Prior to that, Franco was an actuary in the consulting practice at Kwasha Lipton for 16 years, working with large multinationals on the design and funding of their pension and other employee benefits plans. He earned a BA in economics from Georgetown University and is a CFA charterholder. Location: New York


Ajit Ketkar

Manager

Start Date

Feb 28, 2017

Tenure

2.08

Tenure Rank

20.3%

Ajit Ketkar is a Portfolio Manager for Global Real Estate Securities, responsible for research coverage of real estate companies in the United States. Prior to joining the portfolio-management team, he was a senior research analyst responsible for covering real estate and financial companies. Before joining AB in 2007, Ketkar was a first vice president of retail distribution strategy at Washington Mutual Bank. Prior to that, he was a consultant with Boston Consulting Group and a manager at ICICI Bank in India. Ketkar holds a BE in computer science from the University of Bombay; a post-graduate diploma in management from the Indian Institute of Management, Calcutta; and an MBA from the University of Chicago Booth School of Business. Location: New York


Tenure Analysis

Category Low

0.0

Category High

22.1

Category Average

7.92

Category Mode

4.3