AB Tax-Managed International A
Name
As of 12/04/2020Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
2.0%
1 yr return
3.7%
3 Yr Avg Return
0.4%
5 Yr Avg Return
4.3%
Net Assets
$2.4 B
Holdings in Top 10
16.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.21%
SALES FEES
Front Load 4.25%
Deferred Load N/A
TRADING FEES
Turnover 48.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$10,000
IRA
$10,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/04/2020Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
ABXAX - Profile
Distributions
- YTD Total Return 2.0%
- 3 Yr Annualized Total Return -1.0%
- 5 Yr Annualized Total Return 3.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.42%
- Dividend Yield 1.8%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameAB Tax-Managed International Portfolio
-
Fund Family NameAllianceBernstein
-
Inception DateJan 30, 2004
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerKent Hargis
Fund Description
ABXAX - Performance
Return Ranking - Trailing
Period | ABXAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.0% | -41.0% | 980.5% | 84.15% |
1 Yr | 3.7% | -41.2% | 50.0% | 81.51% |
3 Yr | 0.4%* | -16.0% | 10.2% | 89.12% |
5 Yr | 4.3%* | 0.0% | 11.4% | 88.62% |
10 Yr | 3.4%* | -0.8% | 9.8% | 97.06% |
* Annualized
Return Ranking - Calendar
Period | ABXAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 20.0% | -21.3% | 45.4% | 38.61% |
2022 | -19.3% | -50.2% | 1.2% | 61.94% |
2021 | 24.7% | -2.4% | 48.7% | 30.10% |
2020 | -3.3% | -13.9% | 14.4% | 80.92% |
2019 | 1.6% | -28.8% | 6.8% | 6.88% |
Total Return Ranking - Trailing
Period | ABXAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.0% | -41.0% | 980.5% | 84.15% |
1 Yr | -0.7% | -41.2% | 50.0% | 92.25% |
3 Yr | -1.0%* | -16.0% | 10.2% | 94.25% |
5 Yr | 3.4%* | 0.9% | 11.4% | 94.13% |
10 Yr | 3.0%* | -0.8% | 9.8% | 97.83% |
* Annualized
Total Return Ranking - Calendar
Period | ABXAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 20.0% | -2.2% | 45.4% | 38.61% |
2022 | -17.9% | -50.2% | 1.2% | 60.00% |
2021 | 26.3% | -0.1% | 48.7% | 31.39% |
2020 | -1.5% | -10.2% | 14.4% | 72.44% |
2019 | 3.1% | -28.8% | 7.7% | 5.21% |
NAV & Total Return History
ABXAX - Holdings
Concentration Analysis
ABXAX | Category Low | Category High | ABXAX % Rank | |
---|---|---|---|---|
Net Assets | 2.4 B | 170 K | 407 B | 24.16% |
Number of Holdings | 193 | 1 | 9823 | 46.00% |
Net Assets in Top 10 | 441 M | 0 | 41.2 B | 28.63% |
Weighting of Top 10 | 16.75% | 2.1% | 100.0% | 68.03% |
Top 10 Holdings
- AB Government Money Market AB 4.05%
- Roche Holding AG Dividend Right Cert. 2.75%
- Partners Group Holding AG 1.61%
- Partners Group Holding AG 1.61%
- Partners Group Holding AG 1.61%
- Partners Group Holding AG 1.61%
- Partners Group Holding AG 1.61%
- Partners Group Holding AG 1.61%
- Partners Group Holding AG 1.61%
- Partners Group Holding AG 1.61%
Asset Allocation
Weighting | Return Low | Return High | ABXAX % Rank | |
---|---|---|---|---|
Stocks | 95.96% | 0.00% | 120.70% | 81.50% |
Cash | 4.05% | -124.99% | 100.00% | 12.50% |
Preferred Stocks | 0.00% | -0.01% | 1.26% | 99.38% |
Other | 0.00% | -2.28% | 93.70% | 98.00% |
Convertible Bonds | 0.00% | 0.00% | 4.00% | 100.00% |
Bonds | 0.00% | -0.18% | 45.21% | 99.38% |
Stock Sector Breakdown
Weighting | Return Low | Return High | ABXAX % Rank | |
---|---|---|---|---|
Technology | 16.34% | 0.00% | 38.00% | 15.46% |
Financial Services | 14.61% | 0.00% | 37.52% | 60.84% |
Industrials | 13.99% | 3.17% | 38.69% | 55.77% |
Consumer Defense | 12.10% | 0.66% | 26.96% | 29.40% |
Healthcare | 11.47% | 0.00% | 27.67% | 58.56% |
Consumer Cyclical | 9.99% | 0.44% | 34.42% | 61.09% |
Communication Services | 8.63% | 0.00% | 30.45% | 39.29% |
Basic Materials | 5.33% | 0.00% | 22.46% | 84.66% |
Utilities | 3.56% | 0.00% | 15.10% | 41.57% |
Real Estate | 2.07% | 0.00% | 11.54% | 55.13% |
Energy | 1.92% | 0.00% | 15.90% | 62.48% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | ABXAX % Rank | |
---|---|---|---|---|
Non US | 92.08% | 0.00% | 125.78% | 76.13% |
US | 3.88% | -30.21% | 99.99% | 26.25% |
ABXAX - Expenses
Operational Fees
ABXAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.21% | 0.02% | 19.39% | 36.45% |
Management Fee | 0.73% | 0.00% | 1.90% | 62.72% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 54.27% |
Administrative Fee | N/A | 0.01% | 1.00% | N/A |
Sales Fees
ABXAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 4.25% | 2.50% | 5.75% | 92.31% |
Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
ABXAX 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.
ABXAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 48.00% | 0.00% | 475.00% | 61.46% |
ABXAX - Distributions
Dividend Yield Analysis
ABXAX | Category Low | Category High | ABXAX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.79% | 0.00% | 5.54% | 100.00% |
Dividend Distribution Analysis
ABXAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Quarterly | Annually |
Net Income Ratio Analysis
ABXAX | Category Low | Category High | ABXAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.42% | -1.16% | 11.59% | 69.88% |
Capital Gain Distribution Analysis
ABXAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 14, 2018 | $0.258 | |
Dec 15, 2017 | $0.233 | |
Dec 16, 2016 | $0.275 | |
Dec 11, 2015 | $0.226 | |
Dec 12, 2014 | $0.341 | |
Dec 13, 2013 | $0.257 | |
Dec 17, 2012 | $0.153 | |
Dec 19, 2011 | $0.197 | |
Dec 10, 2010 | $0.163 | |
Dec 11, 2009 | $0.169 | |
Dec 12, 2008 | $0.425 | |
Dec 15, 2006 | $0.431 | |
Dec 12, 2005 | $0.305 |
ABXAX - Fund Manager Analysis
Managers
Kent Hargis
Start Date
Tenure
Tenure Rank
Jan 31, 2013
7.84
7.8%
Kent Hargis was promoted to Co-Chief Investment Officer of Strategic Core Equities in 2018. He has been managing the Global, International and US portfolios since their inception in September 2011, and the Emerging Markets Strategic Core portfolio since January 2015. Hargis was named Head of Quantitative Research for Equities in 2009, with responsibility for overseeing the research and application of risk and return models across the firm’s equity portfolios. He joined the firm in October 2003 as a senior quantitative strategist.
Avi Lavi
Start Date
Tenure
Tenure Rank
Jun 30, 2016
4.42
4.4%
Avi Lavi, an AllianceBernstein Partner, was appointed Chief Investment Officer of Global and International Value Equities in March 2016 and has also been Portfolio Manager for Global Research Insights since May 2016. Mr. Lavi has been a member of the Cross Border team since early 2012. Previously, Mr. Lavi served as co-CIO of Global Value Equities and global director of Value Research. From 2006 to 2012, he was CIO of UK and European Value Equities, and director of research for UK and European Value Equities from 2000 to 2006. Lavi holds a BA from Bar-Ilan University and an MBA from NYU.
Nelson Yu
Start Date
Tenure
Tenure Rank
Jan 27, 2017
3.84
3.8%
Senior Vice President and Portfolio Manager of AllianceBernstein L.P. since prior to 2014. Head—Blend Strategies since 2017 and Head of Quantitative Research—Equities since prior to 2014. Nelson Yu was appointed Head of Blend Strategies in early 2017. He is also a Portfolio Manager and Head of Quantitative Research for Equities, with responsibility for overseeing the research and application of risk and return models across the firm’s equity portfolios. In addition, Yu manages the currency overlay strategy across equity portfolios and is an advisory member of the Global Value, Emerging Markets Value and Strategic Core portfolios. He joined the firm in 1997 as a programmer and analyst, and served as deputy head of Value Equities Quantitative Research from 2009 until 2014. Yu was previously a supervising consultant at Grant Thornton. He holds a BSE in systems engineering and a BS in economics from the University of Pennsylvania, and is a CFA charterholder. Location: New York
Daniel Roarty
Start Date
Tenure
Tenure Rank
Apr 26, 2017
3.6
3.6%
Daniel C. Roarty was appointed Senior Vice President of the Manager, with which he has been associated in a similar capacity since prior to 2015, and Chief Investment Officer of AB’s Thematic & Sustainable Equities team in 2013. He joined the firm in May 2011 as global technology sector head on the Global/International Research Growth team, and was named team leader for that team in early 2012. Roarty previously spent nine years at Nuveen Investments, where he co-managed both a large-cap and a multi-cap growth strategy. His research experience includes coverage of technology, industrials and financials stocks at Morgan Stanley and Goldman Sachs. Roarty holds a BS in finance from Fairfield University and an MBA from the Wharton School at the University of Pennsylvania. He is a CFA charterholder. Location: New York
Mark Phelps
Start Date
Tenure
Tenure Rank
Apr 26, 2017
3.6
3.6%
Mark Phelps is Chief Investment Officer of Concentrated Global Growth. Prior to joining AB in December 2013, he was president and managing director of Global Investments at W.P. Stewart & Co. From September 2008 to June 2013, Phelps also served as W.P. Stewart’s chief executive officer. He originally joined W.P. Stewart & Co. (Europe) in February 2005 as a global portfolio manager. Prior to that, Phelps held senior positions with the Kleinwort Benson/Dresdner Bank organization in London and San Francisco, most recently serving as CIO for Global Equities at Dresdner RCM in San Francisco.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 28.85 | 5.48 | 0.1 |