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APGAX AB Large Cap Growth A

APGAX - Profile

Vitals

  • YTD Return 22.6%
  • 3 Yr Annualized Return 11.2%
  • 5 Yr Annualized Return 5.9%
  • Net Assets $9.3 B
  • Holdings in Top 10 45.4%

52 WEEK LOW AND HIGH

$54.52
$41.58
$55.46

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

Fund Classification

PRIMARY CATEGORY

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

Distributions

  • YTD Total Return 22.6%
  • 3 Yr Annualized Total Return 13.7%
  • 5 Yr Annualized Total Return 12.5%
  • 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 (%)
YTD 22.6% -34.6% 52.4% 48.11%
1 Yr -1.0% -70.9% 18.8% 24.21%
3 Yr 11.2%* -39.6% 21.8% 19.12%
5 Yr 5.9%* -32.3% 15.7% 25.18%
10 Yr 10.2%* -14.1% 16.4% 19.74%

* Annualized


Return Ranking - Calendar

Period APGAX Return Category Return Low Category Return High Rank in Category (%)
2018 -6.9% -65.5% 9.4% 24.13%
2017 26.2% -46.3% 37.5% 12.33%
2016 0.1% -43.3% 13.0% 45.80%
2015 1.3% -38.0% 11.4% 22.26%
2014 -1.8% -52.4% 105.4% 70.23%

Total Return Ranking - Trailing

Period APGAX Return Category Return Low Category Return High Rank in Category (%)
YTD 22.6% -34.6% 52.4% 48.11%
1 Yr -1.0% -70.9% 18.8% 46.63%
3 Yr 13.7%* -39.6% 26.1% 34.45%
5 Yr 12.5%* -32.3% 16.4% 14.05%
10 Yr 14.1%* -14.1% 17.3% 10.66%

* Annualized


Total Return Ranking - Calendar

Period APGAX Return Category Return Low Category Return High Rank in Category (%)
2018 -6.9% -65.5% 16.5% 50.67%
2017 31.4% -28.2% 51.5% 18.86%
2016 2.8% -43.3% 15.6% 46.08%
2015 10.6% -38.0% 17.3% 4.73%
2014 13.9% -52.4% 120.7% 12.05%

NAV & Total Return History

APGAX - Holdings

Concentration Analysis

APGAX Category Low Category High APGAX % Rank
Net Assets 9.3 B 1.12 M 188 B 11.70%
Number of Holdings 50 7 2106 67.19%
Net Assets in Top 10 4.25 B 301 K 56.6 B 12.25%
Weighting of Top 10 45.43% 11.7% 100.0% 20.79%

Top 10 Holdings

  1. Alphabet Inc Class C 7.34%

  2. Microsoft Corp 6.27%

  3. UnitedHealth Group Inc 5.14%

  4. Facebook Inc A 5.08%

  5. Visa Inc Class A 4.78%

  6. Monster Beverage Corp 3.66%

  7. Zoetis Inc Class A 3.63%

  8. The Home Depot Inc 3.32%

  9. Booking Holdings Inc 3.29%

  10. Intuitive Surgical Inc 2.93%


Asset Allocation

Weighting Return Low Return High APGAX % Rank
Stocks
90.09% 81.21% 101.37% 96.28%
Cash
9.92% -2.02% 17.64% 3.24%
Preferred Stocks
0.00% 0.00% 5.08% 17.39%
Other
0.00% -0.63% 3.74% 18.66%
Convertible Bonds
0.00% 0.00% 0.10% 5.69%
Bonds
0.00% 0.00% 2.29% 8.85%

Stock Sector Breakdown

Weighting Return Low Return High APGAX % Rank
Technology
29.36% 6.03% 62.82% 65.85%
Healthcare
22.66% 0.68% 45.99% 3.40%
Consumer Cyclical
14.35% 0.00% 34.07% 69.88%
Consumer Defense
8.34% 0.00% 18.23% 10.12%
Financial Services
8.11% 0.00% 39.16% 82.29%
Industrials
4.85% 0.00% 28.35% 84.43%
Basic Materials
2.42% 0.00% 10.95% 32.57%
Utilities
0.00% -0.01% 7.75% 34.55%
Real Estate
0.00% 0.00% 7.16% 70.20%
Energy
0.00% -0.01% 11.07% 63.56%
Communication Services
0.00% 0.00% 13.96% 75.89%

Stock Geographic Breakdown

Weighting Return Low Return High APGAX % Rank
US
89.69% 79.62% 100.21% 71.86%
Non US
0.40% -0.08% 16.82% 83.48%

APGAX - Expenses

Operational Fees

APGAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.91% 0.00% 283.30% 64.48%
Management Fee 0.53% 0.00% 1.40% 23.16%
12b-1 Fee 0.25% 0.00% 1.00% 29.37%
Administrative Fee N/A 0.00% 1.02% N/A

Sales Fees

APGAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.25% 2.50% 25.00% 94.36%
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

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 Return Low Category Return High Rank in Category (%)
Turnover 47.00% 0.00% 476.00% 60.37%

APGAX - Distributions

Dividend Yield Analysis

APGAX Category Low Category High APGAX % Rank
Dividend Yield 0.00% 0.00% 15.75% 38.74%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

APGAX Category Low Category High APGAX % Rank
Net Income Ratio -0.18% -7.60% 1.83% 62.22%

Capital Gain Distribution Analysis

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

APGAX - Managers

Frank V. Caruso

Manager

Start Date

Tenure

Tenure Rank

Feb 16, 2012

7.54

7.5%

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

Tenure

Tenure Rank

Feb 16, 2012

7.54

7.5%

John H. Fogarty is a Senior Vice President. He rejoined AllianceBernstein 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 Varden Partners. Fogarty began his career at AllianceBernstein 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

Manager

Start Date

Tenure

Tenure Rank

Apr 11, 2018

1.39

1.4%

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

51.7

Category Average

8.1

Category Mode

0.33