Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience

AEEIX AB Global Real Estate Investment I

  • Fund
  • AEEIX
  • Price as of: Jul 15, 2019
  • $15.44 - $0.04 - 0.26%
  • Category
  • Global Real Estate

AEEIX - Profile

Vitals

  • YTD Return 16.4%
  • 3 Yr Annualized Return 1.3%
  • 5 Yr Annualized Return 1.5%
  • Net Assets $143 M
  • Holdings in Top 10 24.4%

52 WEEK LOW AND HIGH

$15.44
$12.95
$15.58

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 16.4%
  • 3 Yr Annualized Total Return 5.8%
  • 5 Yr Annualized Total Return 6.0%
  • Capital Gain Distribution Frequency Daily
  • Net Income Ratio 2.31%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 (%)
YTD 16.4% 8.6% 21.9% 36.69%
1 Yr 6.7% -11.1% 10.4% 37.41%
3 Yr 1.3%* -9.9% 7.6% 57.66%
5 Yr 1.5%* -6.1% 7.4% 32.58%
10 Yr 6.3%* -0.1% 9.1% 18.89%

* Annualized


Return Ranking - Calendar

Period AEEIX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.5% -25.2% -6.4% 30.66%
2017 6.7% -10.0% 23.6% 54.74%
2016 -0.9% -31.0% 42.6% 27.01%
2015 -2.8% -8.7% 0.0% 21.90%
2014 9.7% -6.1% 19.4% 56.49%

Total Return Ranking - Trailing

Period AEEIX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.4% 8.6% 21.9% 36.69%
1 Yr 9.6% -11.1% 14.8% 28.78%
3 Yr 5.8%* -8.1% 11.1% 27.74%
5 Yr 6.0%* -3.4% 10.6% 18.18%
10 Yr 11.3%* 2.2% 13.8% 7.78%

* Annualized


Total Return Ranking - Calendar

Period AEEIX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.9% -22.4% -3.1% 10.95%
2017 13.9% -7.1% 27.0% 35.77%
2016 3.2% -27.8% 49.1% 27.01%
2015 0.1% -7.7% 2.7% 16.79%
2014 14.1% -1.4% 22.7% 29.77%

NAV & Total Return History

AEEIX - Holdings

Concentration Analysis

AEEIX Category Low Category High AEEIX % Rank
Net Assets 143 M 20.2 M 8.53 B 69.78%
Number of Holdings 100 29 614 30.94%
Net Assets in Top 10 34.4 M 6.03 M 5.64 B 73.38%
Weighting of Top 10 24.41% 17.0% 67.5% 79.86%

Top 10 Holdings

  1. Prologis Inc 3.96%

  2. Mitsui Fudosan Co Ltd 2.96%

  3. Vonovia SE 2.73%

  4. Simon Property Group Inc 2.30%

  5. Digital Realty Trust Inc 2.25%

  6. Sun Hung Kai Properties Ltd 2.18%

  7. Essex Property Trust Inc 2.11%

  8. Alexandria Real Estate Equities Inc 2.02%

  9. HCP Inc 1.96%

  10. CK Asset Holdings Ltd 1.94%


Asset Allocation

Weighting Return Low Return High AEEIX % Rank
Stocks
99.16% 64.13% 100.19% 21.58%
Other
0.58% -0.06% 4.59% 51.80%
Cash
0.27% -0.40% 9.54% 64.75%
Preferred Stocks
0.00% 0.00% 13.33% 8.63%
Convertible Bonds
0.00% 0.00% 0.00% 5.76%
Bonds
0.00% 0.00% 17.89% 12.23%

Stock Sector Breakdown

Weighting Return Low Return High AEEIX % Rank
Real Estate
94.87% 60.63% 99.37% 50.36%
Consumer Cyclical
1.14% 0.00% 8.16% 25.18%
Industrials
1.10% 0.00% 8.37% 7.91%
Financial Services
0.95% 0.00% 1.71% 11.51%
Basic Materials
0.25% 0.00% 2.29% 17.99%
Utilities
0.00% 0.00% 0.88% 8.63%
Technology
0.00% 0.00% 7.65% 46.04%
Healthcare
0.00% 0.00% 3.41% 8.63%
Energy
0.00% 0.00% 0.25% 8.63%
Communication Services
0.00% 0.00% 5.52% 33.81%
Consumer Defense
0.00% 0.00% 0.00% 5.76%

Stock Geographic Breakdown

Weighting Return Low Return High AEEIX % Rank
US
51.89% 0.00% 65.24% 38.85%
Non US
47.27% 31.47% 98.57% 50.36%

AEEIX - Expenses

Operational Fees

AEEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.04% 0.11% 20.23% 77.70%
Management Fee 0.55% 0.09% 1.11% 5.04%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.25% N/A

Sales Fees

AEEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

AEEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 75.00% 3.00% 204.00% 46.76%

AEEIX - Distributions

Dividend Yield Analysis

AEEIX Category Low Category High AEEIX % Rank
Dividend Yield 0.03% 0.00% 0.05% 38.13%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

AEEIX Category Low Category High AEEIX % Rank
Net Income Ratio 2.31% 0.60% 4.52% 30.94%

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

Tenure

Tenure Rank

Feb 16, 2012

7.37

7.4%

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

Tenure

Tenure Rank

Feb 28, 2017

2.33

2.3%

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

1.01

Category High

14.18

Category Average

7.65

Category Mode

7.37