AB Select US Long/Short I
- ASILX
- Price as of: Jul 23, 2021
-
$15.44
N/A N/A
- Primary Theme
- Long-Short Equity
- Fund Company
- AllianceBernstein
- Share Class
ASILX - Snapshot
Vitals
- YTD Return 11.8%
- 3 Yr Annualized Return 11.2%
- 5 Yr Annualized Return 10.4%
- Net Assets $1.41 B
- Holdings in Top 10 49.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 1.66%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 191.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $2,000,000
- IRA N/A
Fund Classification
-
Primary Theme
Long-Short Equity
- Fund Type Open End Mutual Fund
- Investment Style Long-Short Equity
ASILX - Profile
Distributions
- YTD Total Return 11.8%
- 3 Yr Annualized Total Return 11.2%
- 5 Yr Annualized Total Return 10.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.01%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameAB Select US Long/Short Portfolio
-
Fund Family NameAllianceBernstein
-
Inception DateDec 12, 2012
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerKurt Feuerman
Fund Description
Under normal circumstances, the fund invests at least 80% of its net assets in equity securities of U.S. companies, short positions in such securities, and cash and U.S. cash equivalents. Its investments will be focused on securities of companies with large and medium market capitalizations, but it may also take long and short positions in securities of small-capitalization companies. The fund may invest in non-U.S. companies, but currently intends to limit its investments in such companies to no more than 10% of its net assets.
ASILX - Performance
Return Ranking - Trailing
| Period | ASILX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.8% | -14.1% | 36.1% | 33.17% |
| 1 Yr | 25.2% | -6.3% | 72.8% | 37.62% |
| 3 Yr | 11.2%* | -13.0% | 23.3% | 20.74% |
| 5 Yr | 10.4%* | -4.8% | 21.3% | 17.37% |
| 10 Yr | N/A* | -5.0% | 10.5% | N/A |
* Annualized
Return Ranking - Calendar
| Period | ASILX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 5.6% | -47.6% | 88.4% | 36.55% |
| 2019 | 13.1% | -20.3% | 62.6% | 25.53% |
| 2018 | -9.4% | -53.1% | 12.7% | 50.84% |
| 2017 | 7.2% | -67.1% | 21.9% | 44.85% |
| 2016 | 4.9% | -17.3% | 25.3% | 28.57% |
Total Return Ranking - Trailing
| Period | ASILX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 11.8% | -12.8% | 36.1% | 33.17% |
| 1 Yr | 25.2% | -8.6% | 72.8% | 31.19% |
| 3 Yr | 11.2%* | -14.0% | 23.3% | 18.62% |
| 5 Yr | 10.4%* | -5.2% | 21.3% | 15.57% |
| 10 Yr | N/A* | -5.0% | 10.5% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | ASILX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 5.6% | -47.6% | 88.4% | 36.55% |
| 2019 | 13.1% | -20.3% | 62.6% | 25.53% |
| 2018 | -1.6% | -53.1% | 12.7% | 20.67% |
| 2017 | 12.6% | -12.7% | 24.8% | 35.15% |
| 2016 | 4.9% | -15.5% | 25.3% | 31.43% |
NAV & Total Return History
ASILX - Holdings
Concentration Analysis
| ASILX | Category Low | Category High | ASILX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.41 B | 0 | 4.94 B | 5.29% |
| Number of Holdings | 122 | 1 | 3261 | 41.95% |
| Net Assets in Top 10 | 673 M | -43.1 M | 789 M | 5.85% |
| Weighting of Top 10 | 48.96% | 4.8% | 100.0% | 31.43% |
Top 10 Holdings
- AB Government Money Market AB 26.44%
- Microsoft Corp 3.50%
- Apple Inc 3.04%
- Honeywell International Inc 2.61%
- Alphabet Inc Class C 2.59%
- Facebook Inc A 2.51%
- Procter & Gamble Co 2.31%
- Berkshire Hathaway Inc Class B 2.31%
- Norfolk Southern Corp 2.06%
- Goldman Sachs Group Inc 2.00%
Asset Allocation
| Weighting | Return Low | Return High | ASILX % Rank | |
|---|---|---|---|---|
| Stocks | 71.89% | -17.84% | 153.48% | 47.34% |
| Cash | 26.95% | -112.29% | 117.83% | 47.32% |
| Other | 1.15% | -70.40% | 64.82% | 15.12% |
| Preferred Stocks | 0.00% | 0.00% | 8.94% | 46.34% |
| Convertible Bonds | 0.00% | 0.00% | 3.09% | 48.78% |
| Bonds | 0.00% | -4.59% | 131.00% | 58.45% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | ASILX % Rank | |
|---|---|---|---|---|
| Financial Services | 19.75% | 0.00% | 72.75% | 20.73% |
| Technology | 18.32% | 0.00% | 44.41% | 49.74% |
| Industrials | 13.72% | 0.00% | 37.94% | 35.23% |
| Communication Services | 13.24% | 0.00% | 33.18% | 14.51% |
| Healthcare | 12.12% | 0.00% | 97.08% | 59.59% |
| Consumer Cyclical | 10.23% | 0.00% | 87.35% | 62.18% |
| Consumer Defense | 8.09% | 0.00% | 28.96% | 32.12% |
| Energy | 3.83% | 0.00% | 15.07% | 22.28% |
| Utilities | 0.71% | 0.00% | 27.45% | 62.18% |
| Real Estate | 0.00% | 0.00% | 18.44% | 87.56% |
| Basic Materials | 0.00% | 0.00% | 18.72% | 89.64% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | ASILX % Rank | |
|---|---|---|---|---|
| US | 71.08% | -43.02% | 150.78% | 36.59% |
| Non US | 0.81% | -5.98% | 87.16% | 67.32% |
ASILX - Expenses
Operational Fees
| ASILX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.66% | 0.40% | 12.79% | 66.99% |
| Management Fee | 1.50% | 0.00% | 2.50% | 86.12% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.03% | 1.47% | N/A |
Sales Fees
| ASILX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| ASILX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.50% | 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.
| ASILX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 191.00% | 0.00% | 498.00% | 61.96% |
ASILX - Distributions
Dividend Yield Analysis
| ASILX | Category Low | Category High | ASILX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 1.80% | 44.50% |
Dividend Distribution Analysis
| ASILX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| ASILX | Category Low | Category High | ASILX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.01% | -2.70% | 3.99% | 34.33% |
Capital Gain Distribution Analysis
| ASILX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
ASILX - Fund Manager Analysis
Managers
Kurt Feuerman
Start Date
Tenure
Tenure Rank
Dec 12, 2012
8.55
8.6%
Kurt Feuerman is Chief Investment Officer of Select Equity Portfolios at AllianceBernstein, focusing primarily on equity securities traded on US exchanges. Prior to joining the firm in June 2011, he was a senior managing director and senior trader with Caxton Associates for more than 12 years, and a managing director for nine years with Morgan Stanley, where his responsibilities included managing part of the firm’s US equity business. Earlier, Feuerman was a managing director with Drexel Burnham Lambert for six years, specializing as a sell-side securities analyst. He began his career in 1982 at The Bank of New York. Feuerman holds a BA in philosophy from McGill University, an MA in philosophy from Syracuse University and an MBA in finance from Columbia University. Location: New York
Anthony Nappo
Start Date
Tenure
Tenure Rank
Jun 30, 2015
6.01
6.0%
Anthony Nappo is Co-Chief Investment Officer for the Select US Equity Portfolios and a Portfolio Manager/Research Analyst covering healthcare and energy. Before joining the firm in 2011, Nappo was a portfolio manager at Surveyor Capital, a group within Citadel LLC, where he managed a long/short healthcare portfolio and an analyst team. Prior to that, he was a portfolio manager with Caxton Associates for eight years, in charge of healthcare and energy for both long/short and long-only strategies. Nappo started his career in finance as an equity research analyst at J.P. Morgan Securities. He graduated first in his class with a BS in management from Binghamton University and holds an MBA in finance from the University of Pennsylvania’s Wharton School. Nappo is a CFA charterholder and member of the CFA Institute and the New York Society of Security Analysts. Location: New York
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 22.63 | 5.81 | 7.01 |