AB Large Cap Growth A
- APGAX
- Price as of: Jan 22, 2021
-
$75.65
N/A N/A
- Primary Theme
- U.S. Large-Cap Growth Equity
- Fund Company
- AllianceBernstein
- Share Class
APGAX - Snapshot
Vitals
- YTD Return 0.8%
- 3 Yr Annualized Return 22.3%
- 5 Yr Annualized Return 19.8%
- Net Assets $15.7 B
- Holdings in Top 10 50.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.86%
SALES FEES
- Front Load 4.25%
- Deferred Load N/A
BROKERAGE FEES
- Turnover 32.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $2,500
- IRA $2,500
Fund Classification
-
Primary Theme
U.S. Large-Cap Growth Equity
- Fund Type Open End Mutual Fund
- Investment Style Large Growth
APGAX - Profile
Distributions
- YTD Total Return 0.8%
- 3 Yr Annualized Total Return 20.5%
- 5 Yr Annualized Total Return 18.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.23%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameAB Large Cap Growth Fund
-
Fund Family NameAllianceBernstein
-
Inception DateSep 28, 1992
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerFrank 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 (%) |
|---|---|---|---|---|
| YTD | 0.8% | -2.4% | 21.3% | 88.77% |
| 1 Yr | 34.0% | -9.0% | 145.0% | 50.86% |
| 3 Yr | 22.3%* | -6.6% | 51.8% | 37.68% |
| 5 Yr | 19.8%* | -6.8% | 39.6% | 29.48% |
| 10 Yr | 17.4%* | 6.9% | 23.9% | 15.79% |
* Annualized
Return Ranking - Calendar
| Period | APGAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 30.2% | -67.0% | 145.0% | 33.00% |
| 2019 | 28.9% | -28.8% | 76.0% | 22.78% |
| 2018 | -6.9% | -64.5% | 19.1% | 27.63% |
| 2017 | 26.2% | -68.7% | 64.3% | 14.23% |
| 2016 | 0.1% | -56.6% | 15.3% | 47.41% |
Total Return Ranking - Trailing
| Period | APGAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.8% | -2.4% | 21.3% | 88.77% |
| 1 Yr | 28.3% | -9.0% | 145.0% | 67.27% |
| 3 Yr | 20.5%* | -8.4% | 51.8% | 49.26% |
| 5 Yr | 18.8%* | -7.9% | 39.6% | 41.07% |
| 10 Yr | 16.9%* | 6.9% | 23.9% | 21.73% |
* Annualized
Total Return Ranking - Calendar
| Period | APGAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 30.2% | -67.0% | 145.0% | 33.00% |
| 2019 | 28.9% | -28.8% | 76.0% | 22.94% |
| 2018 | -6.9% | -64.5% | 29.5% | 51.12% |
| 2017 | 31.4% | -24.8% | 64.3% | 19.84% |
| 2016 | 2.8% | -56.6% | 17.1% | 47.13% |
NAV & Total Return History
APGAX - Holdings
Concentration Analysis
| APGAX | Category Low | Category High | APGAX % Rank | |
|---|---|---|---|---|
| Net Assets | 15.7 B | 10.3 K | 256 B | 11.78% |
| Number of Holdings | 53 | 1 | 2373 | 62.31% |
| Net Assets in Top 10 | 7.53 B | 378 K | 96.2 B | 11.80% |
| Weighting of Top 10 | 50.29% | 10.8% | 100.0% | 20.72% |
Top 10 Holdings
- Alphabet Inc Class C 7.21%
- Microsoft Corp 7.10%
- AB Government Money Market Advisor 6.90%
- Facebook Inc A 5.05%
- Amazon.com Inc 4.99%
- UnitedHealth Group Inc 4.79%
- Visa Inc Class A 4.62%
- Zoetis Inc Class A 3.32%
- Monster Beverage Corp 3.32%
- Intuitive Surgical Inc 3.24%
Asset Allocation
| Weighting | Return Low | Return High | APGAX % Rank | |
|---|---|---|---|---|
| Stocks | 93.10% | 51.75% | 123.35% | 96.30% |
| Cash | 6.90% | -23.35% | 48.25% | 2.08% |
| Preferred Stocks | 0.00% | 0.00% | 2.61% | 14.39% |
| Other | 0.00% | -5.20% | 20.97% | 21.74% |
| Convertible Bonds | 0.00% | 0.00% | 7.90% | 6.23% |
| Bonds | 0.00% | -0.73% | 20.94% | 11.31% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | APGAX % Rank | |
|---|---|---|---|---|
| Technology | 24.82% | 0.00% | 88.51% | 82.64% |
| Healthcare | 24.50% | 0.00% | 61.09% | 2.30% |
| Communication Services | 16.72% | 0.00% | 68.14% | 21.29% |
| Consumer Cyclical | 13.85% | 0.00% | 37.58% | 70.33% |
| Financial Services | 8.13% | 0.00% | 41.22% | 68.32% |
| Consumer Defense | 5.63% | 0.00% | 19.49% | 18.25% |
| Industrials | 4.44% | 0.00% | 29.82% | 63.72% |
| Basic Materials | 1.90% | 0.00% | 19.40% | 30.04% |
| Utilities | 0.00% | 0.00% | 11.81% | 36.87% |
| Real Estate | 0.00% | 0.00% | 22.68% | 76.11% |
| Energy | 0.00% | 0.00% | 8.49% | 38.06% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | APGAX % Rank | |
|---|---|---|---|---|
| US | 91.89% | 11.31% | 121.24% | 61.72% |
| Non US | 1.21% | 0.00% | 80.40% | 77.37% |
APGAX - Expenses
Operational Fees
| APGAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.86% | 0.01% | 23.28% | 62.20% |
| Management Fee | 0.50% | 0.00% | 1.50% | 22.96% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 25.79% |
| Administrative Fee | N/A | 0.01% | 1.02% | N/A |
Sales Fees
| APGAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 4.25% | 2.25% | 8.50% | 88.08% |
| Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
| APGAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.50% | 5.00% | 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.
| APGAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 32.00% | 0.00% | 358.00% | 37.37% |
APGAX - Distributions
Dividend Yield Analysis
| APGAX | Category Low | Category High | APGAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 5.92% | 7.20% |
Dividend Distribution Analysis
| APGAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Net Income Ratio Analysis
| APGAX | Category Low | Category High | APGAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.23% | -56.00% | 1.99% | 64.16% |
Capital Gain Distribution Analysis
| APGAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
APGAX - Fund Manager Analysis
Managers
Frank Caruso
Start Date
Tenure
Tenure Rank
Feb 16, 2012
8.88
8.9%
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 Fogarty
Start Date
Tenure
Tenure Rank
Feb 16, 2012
8.88
8.9%
John H. Fogarty is a Senior Vice President and Portfolio Manager for US Growth Equities, a position he has held since 2009. He rejoined the firm in 2006 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 began his career at AB in 1988, performing quantitative research, and joined the US Large Cap Growth team as a generalist and quantitative analyst in 1995. He became a portfolio manager in 1997. Fogarty holds a BA in history from Columbia University and is a CFA charterholder. Location: New York
Vinay Thapar
Start Date
Tenure
Tenure Rank
Apr 11, 2018
2.73
2.7%
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 | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.01 | 53.03 | 7.61 | 1.0 |