AB All China Equity Portfolio
Name
As of 05/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
12.8%
1 yr return
-2.1%
3 Yr Avg Return
-14.6%
5 Yr Avg Return
-4.0%
Net Assets
$82.4 M
Holdings in Top 10
36.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.59%
SALES FEES
Front Load 4.25%
Deferred Load N/A
TRADING FEES
Turnover 75.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$2,500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
ACEAX - Profile
Distributions
- YTD Total Return 12.8%
- 3 Yr Annualized Total Return -14.6%
- 5 Yr Annualized Total Return -4.0%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.70%
- Dividend Yield 1.5%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameAB All China Equity Portfolio
-
Fund Family NameALLIANCEBE
-
Inception DateJul 25, 2018
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJohn Lin
Fund Description
ACEAX - Performance
Return Ranking - Trailing
Period | ACEAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 12.8% | -13.2% | 13.7% | 9.18% |
1 Yr | -2.1% | -27.3% | 23.5% | 18.37% |
3 Yr | -14.6%* | -26.5% | 3.2% | 29.21% |
5 Yr | -4.0%* | -15.4% | 13.9% | 52.70% |
10 Yr | N/A* | -4.3% | 9.1% | N/A |
* Annualized
Return Ranking - Calendar
Period | ACEAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -12.6% | -26.6% | 26.3% | 17.35% |
2022 | -27.7% | -41.6% | -9.4% | 49.45% |
2021 | -16.0% | -52.5% | 26.5% | 45.45% |
2020 | 24.8% | 1.3% | 138.5% | 68.42% |
2019 | 35.8% | -1.9% | 42.6% | 6.76% |
Total Return Ranking - Trailing
Period | ACEAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 12.8% | -13.2% | 13.7% | 9.18% |
1 Yr | -2.1% | -27.3% | 23.5% | 18.37% |
3 Yr | -14.6%* | -26.5% | 3.2% | 29.21% |
5 Yr | -4.0%* | -15.4% | 13.9% | 52.70% |
10 Yr | N/A* | -4.3% | 9.1% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | ACEAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -11.2% | -25.7% | 30.1% | 23.47% |
2022 | -26.9% | -40.4% | -6.8% | 57.14% |
2021 | -14.8% | -48.9% | 29.5% | 70.45% |
2020 | 25.1% | 2.0% | 138.5% | 78.95% |
2019 | 37.1% | 7.8% | 44.4% | 9.46% |
NAV & Total Return History
ACEAX - Holdings
Concentration Analysis
ACEAX | Category Low | Category High | ACEAX % Rank | |
---|---|---|---|---|
Net Assets | 82.4 M | 1.04 M | 5.43 B | 30.61% |
Number of Holdings | 63 | 27 | 1185 | 41.05% |
Net Assets in Top 10 | 25.7 M | 534 K | 3.2 B | 43.16% |
Weighting of Top 10 | 36.80% | 5.0% | 81.8% | 81.05% |
Top 10 Holdings
- Tencent Holdings Ltd 7.06%
- Alibaba Group Holding Ltd 5.11%
- PDD Holdings Inc 4.44%
- Kweichow Moutai Co Ltd 3.38%
- NetEase Inc 2.92%
- Yutong Bus Co Ltd 2.89%
- Zijin Mining Group Co Ltd 2.89%
- New Oriental Education Technology Group Inc 2.77%
- China Construction Bank Corp 2.70%
- Weichai Power Co Ltd 2.63%
Asset Allocation
Weighting | Return Low | Return High | ACEAX % Rank | |
---|---|---|---|---|
Stocks | 99.48% | 0.00% | 101.98% | 26.04% |
Cash | 0.52% | 0.00% | 26.31% | 78.95% |
Preferred Stocks | 0.00% | 0.00% | 2.81% | 92.63% |
Other | 0.00% | -0.01% | 47.32% | 87.37% |
Convertible Bonds | 0.00% | 0.00% | 0.15% | 93.62% |
Bonds | 0.00% | 0.00% | 69.90% | 92.71% |
Stock Sector Breakdown
Weighting | Return Low | Return High | ACEAX % Rank | |
---|---|---|---|---|
Consumer Cyclical | 21.91% | 0.00% | 95.37% | 57.45% |
Financial Services | 15.69% | 0.00% | 41.62% | 36.17% |
Communication Services | 12.15% | 0.00% | 41.06% | 48.94% |
Basic Materials | 8.38% | 0.00% | 19.86% | 17.02% |
Real Estate | 7.82% | 0.00% | 22.12% | 8.51% |
Industrials | 7.79% | 0.00% | 36.69% | 63.83% |
Consumer Defense | 7.12% | 0.00% | 20.13% | 50.00% |
Utilities | 5.23% | 0.00% | 11.37% | 8.51% |
Technology | 5.20% | 0.00% | 58.02% | 91.49% |
Healthcare | 4.57% | 0.00% | 100.00% | 79.79% |
Energy | 4.14% | 0.00% | 19.38% | 3.19% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | ACEAX % Rank | |
---|---|---|---|---|
Non US | 95.03% | 0.00% | 99.93% | 30.53% |
US | 4.44% | 0.00% | 99.99% | 51.58% |
ACEAX - Expenses
Operational Fees
ACEAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.59% | 0.09% | 14.63% | 41.05% |
Management Fee | 0.95% | 0.09% | 1.50% | 77.55% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 73.68% |
Administrative Fee | N/A | 0.06% | 0.25% | N/A |
Sales Fees
ACEAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 4.25% | 3.50% | 5.75% | 90.91% |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
ACEAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 2.00% | 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.
ACEAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 75.00% | 4.00% | 241.00% | 78.75% |
ACEAX - Distributions
Dividend Yield Analysis
ACEAX | Category Low | Category High | ACEAX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.49% | 0.00% | 8.91% | 40.82% |
Dividend Distribution Analysis
ACEAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
ACEAX | Category Low | Category High | ACEAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.70% | -1.76% | 3.66% | 22.34% |
Capital Gain Distribution Analysis
ACEAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 19, 2023 | $0.118 | OrdinaryDividend |
Dec 20, 2022 | $0.089 | OrdinaryDividend |
Dec 22, 2020 | $0.029 | OrdinaryDividend |
Dec 24, 2019 | $0.099 | OrdinaryDividend |
ACEAX - Fund Manager Analysis
Managers
John Lin
Start Date
Tenure
Tenure Rank
Jul 18, 2018
3.87
3.9%
John Lin has been a Portfolio Manager of China Equities since 2013, responsible for managing the China A Shares Value Portfolios, the China Opportunity Fund and the All China Equity Strategy. He also serves as a Senior Research Analyst, responsible for covering financials, real estate and conglomerate companies in Hong Kong and China. In 2008, Lin relocated to Hong Kong, where his research coverage included Asian financials, real estate and telecommunications services companies. He joined the firm in New York in 2006 as a research associate, covering consumer services companies for US Small & Mid-Cap Value Equities. Previously, Lin was a technology, media and telecom investment banker at Citigroup. He holds a BS (magna cum laude) in environmental engineering from Cornell University, and an MBA from the Wharton School at the University of Pennsylvania, where he earned the distinction Graduation with Honors. Location: Hong Kong
Stuart Rae
Start Date
Tenure
Tenure Rank
Jul 18, 2018
3.87
3.9%
Stuart Rae has been Chief Investment Officer of Asia-Pacific Value Equities since 2017. Prior to taking on this management responsibility for our Japanese team, he was CIO of Asia-Pacific ex Japan Value Equities from 2006 to 2017, and CIO of Australian Value Equities from 2003 to 2006. Rae joined the firm in 1999 as a research analyst covering the consumer sector, initially working in New York and London before moving to Sydney in 2003 and then Hong Kong in 2006. Previously, he was a management consultant with McKinsey for six years in Australia and the UK. Rae earned a BSc (Hons) in 1987 from
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 24.1 | 3.69 | 3.22 |