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APGAX AB Large Cap Growth A

  • Fund
  • APGAX
  • Price as of: Nov 12, 2018
  • $51.58
  • - $1.19
  • - 2.26%
  • Category
  • Large Cap Growth Equities

APGAX - Profile

Vitals

  • YTD Return 8.0%
  • 3 Yr Annualized Return 13.4%
  • 5 Yr Annualized Return 14.3%
  • Net Assets $7.48 B
  • Holdings in Top 10 41.6%

52 WEEK LOW AND HIGH

$51.58
$46.97
$55.30

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.91%

SALES FEES

  • Front Load 4.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 47.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$2,500

Investment Themes

CATEGORY

Large Cap Growth Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Growth

Distributions

  • YTD Total Return 8.0%
  • 3 Yr Annualized Total Return 11.8%
  • 5 Yr Annualized Total Return 13.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.18%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name AB Large Cap Growth Fund
  • Fund Family Name AllianceBernstein
  • Inception Date Sep 28, 1992
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Frank V. Caruso

Fund Description

The fund invests primarily in equity securities of a limited number of large, carefully selected, high-quality U.S. companies. It invests primarily in the domestic equity securities of companies selected by the fund's Adviser for their growth potential within various market sectors. The fund emphasizes investments in large, seasoned companies. Under normal circumstances, the fund will invest at least 80% of its net assets in common stocks of large-capitalization companies. It may, at times, invest in shares of exchange-traded funds in lieu of making direct investments in securities.

APGAX - Performance

Return Ranking - Trailing

Period APGAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 8.0% -97.0% 550.6% 16.17% 1
1 Yr 11.8% -52.0% 75.7% 24.17% 2
3 Yr 13.4% * -15.1% 30.2% 11.66% 1
5 Yr 14.3% * -4.5% 17.8% 5.52% 1
10 Yr 17.0% * 3.4% 19.3% 2.49% 1

* Annualized


Return Ranking - Calendar

Period APGAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 26.2% -52.0% 104.4% 8.60% 1
2016 0.1% -56.6% 121.2% 40.00% 3
2015 1.3% -41.2% 42.9% 21.82% 2
2014 -1.8% -30.1% 45.5% 69.11% 4
2013 31.2% -13.0% 56.4% 28.63% 2

Total Return Ranking - Trailing

Period APGAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 8.0% -100.0% 550.6% 15.96% 1
1 Yr 7.1% -71.3% 2606.2% 50.84% 3
3 Yr 11.8% * -21.9% 43.7% 28.90% 2
5 Yr 13.3% * -5.6% 17.8% 14.09% 1
10 Yr 16.5% * 3.2% 19.3% 4.39% 1

* Annualized


Total Return Ranking - Calendar

Period APGAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 26.2% -43.6% 104.4% 8.61% 1
2016 0.1% -56.6% 126.1% 48.45% 3
2015 11.7% -41.2% 382.6% 11.23% 1
2014 17.5% -10.0% 615.0% 18.53% 1
2013 58.6% -100.0% 357.8% 16.90% 1

NAV & Total Return History

APGAX - Holdings

Filings data as of: Sep 30, 2018

Concentration Analysis

APGAX Category Low Category High APGAX % Rank Quintile
Net Assets 7.48 B 373 K 180 B 3.34% 1
Number of Holdings 47 1 2010 11.25% 4
Net Assets in Top 10 3.32 B 0 61 B 3.15% 1
Weighting of Top 10 41.6% 0.0% 150.9% 11.57% 2

Top 10 Holdings

  1. Apple Inc 3.53%
  2. Visa Inc Class A 5.06%
  3. UnitedHealth Group Inc 3.69%
  4. Facebook Inc A 4.22%
  5. The Home Depot Inc 3.94%
  6. Alphabet Inc Class C 7.56%
  7. Biogen Inc 3.31%
  8. Nike Inc B 3.36%
  9. Microsoft Corp 3.53%
  10. Monster Beverage Corp 3.35%

Asset Allocation

Weighting Category Low Category High APGAX % Rank Quintile
Stocks
90.56% 0.00% 105.74% 22.69% 5
Cash
9.44% -22.91% 100.00% 1.93% 1
Preferred Stocks
0.00% 0.00% 10.87% 4.05% 5
Other
0.00% -8.87% 24.55% 5.01% 5
Convertible Bonds
0.00% 0.00% 3.20% 1.29% 5
Bonds
0.00% 0.00% 75.79% 3.34% 5

Stock Sector Breakdown

Weighting Category Low Category High APGAX % Rank Quintile
Technology
27.42% -1.29% 56.28% 17.35% 3
Healthcare
19.23% -1.03% 99.57% 4.69% 1
Consumer Cyclical
15.85% -2.22% 34.73% 15.55% 3
Financial Services
9.98% -2.38% 37.88% 21.08% 4
Consumer Defense
8.83% -1.43% 20.13% 4.95% 1
Industrials
5.75% -0.37% 25.62% 24.81% 5
Basic Materials
2.40% -1.65% 12.41% 11.31% 2
Communication Services
1.10% 0.00% 13.72% 15.04% 4
Utilities
0.00% -0.18% 13.18% 9.58% 5
Real Estate
0.00% -0.04% 11.06% 14.85% 5
Energy
0.00% -1.24% 16.17% 21.85% 5

Stock Geographic Breakdown

Weighting Category Low Category High APGAX % Rank Quintile
US
89.03% 0.00% 102.94% 22.04% 4
Non US
1.53% 0.00% 91.47% 21.47% 4

APGAX - Expenses

Operational Fees

APGAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.91% 0.00% 37.77% 13.77% 2
Management Fee 0.53% 0.00% 1.44% 3.47% 2
12b-1 Fee 0.25% 0.00% 1.00% 1.23% 3
Administrative Fee N/A 0.00% 1.01% N/A N/A

Sales Fees

APGAX Fees (% of AUM) Category Low Category High APGAX Rank Quintile
Front Load 4.25% 1.50% 8.50% 3.56% 1
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

APGAX Fees (% of AUM) Category Low Category High APGAX Rank Quintile
Max Redemption Fee N/A 0.05% 5.00% 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.

APGAX Fees (% of AUM) Category Low Category High APGAX Rank Quintile
Turnover 47.00% 0.00% 610.00% 8.49% 3

APGAX - Distributions

Dividend Yield Analysis

APGAX Category Low Category High APGAX % Rank Quintile
Dividend Yield 0.0% 0.00% 11.75% 62.23% 5

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

APGAX Category Low Category High APGAX % Rank Quintile
Net Income Ratio -0.18% -14.30% 3.70% 11.97% 4

Capital Gain Distribution Analysis

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

APGAX - Managers

Frank V. Caruso

Manager

Start Date

Feb 16, 2012

Tenure

6.71

Tenure Rank

7.9%

Frank Caruso is a Senior Vice President and Chief Investment Officer of US Growth Equities since 2012. He joined the firm in 1993, when it acquired Shields Asset Management, where he had been director of Equities. Previously, he was a managing director and senior member of the Investment Policy Committee at Shearson Lehman Advisors.He holds a BA in business economics from the State University of New York, Oneonta, and is a member of the New York Society of Security Analysts and the CFA Institute. He is a CFA charterholder. Location: New York


John H. Fogarty

Manager

Start Date

Feb 16, 2012

Tenure

6.71

Tenure Rank

7.9%

John H. Fogarty is a Senior Vice President and Portfolio Manager for the US Mid Cap Fundamental Growth, US Growth Equities, US Growth & Income and US Large Cap Growth portfolios. He joined the US Growth Equities team in early 2009 as a Portfolio Manager for US Growth and US Growth & Income; he was named Portfolio Manager for US Large Cap Growth in early 2012. Fogarty began his career at the firm in 1988 in order to perform quantitative research, and joined the US Large Cap Growth team as a generalist and quantitative analyst in 1995 before being named a US Large Cap Growth portfolio manager in 1997. He rejoined the firm in 2007 as a fundamental research analyst covering consumer-discretionary stocks in the US, having previously spent nearly three years as a hedge fund manager at Dialectic Capital Management and Vardon Partners. Fogarty holds a BA in history from Columbia University and is a CFA charterholder. Location: New York


Vinay Thapar

Manager

Start Date

Apr 11, 2018

Tenure

0.56

Tenure Rank

14.1%

Vinay Thapar is a Senior Vice President and Portfolio Manager for US Growth Equities. He is also a Senior Research Analyst, responsible for covering global healthcare. Prior to joining the firm in 2011, Thapar spent three years as a senior investment analyst covering global healthcare for two domestic investment funds at American Century Investments. Prior to that, he worked for eight years at Bear Stearns in the Biotech Equity Research Group, most recently as an associate director. Thapar holds a BA in biology from New York University and is a CFA charterholder. Location: New York


Tenure Analysis

Category Low

0.0

Category High

50.9

Category Average

7.86

Category Mode

0.5