CABNX: AB Global Risk Allocation A

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CABNX AB Global Risk Allocation A

  • Fund
  • CABNX
  • Price as of: Oct 18, 2019
  • $16.60 - $0.00 - 0.00%

CABNX - Profile

Vitals

  • YTD Return 11.8%
  • 3 Yr Annualized Return 1.6%
  • 5 Yr Annualized Return -0.4%
  • Net Assets $221 M
  • Holdings in Top 10 69.9%

52 WEEK LOW AND HIGH

$16.60
$14.57
$16.90

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.29%

SALES FEES

  • Front Load 4.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 9.00%

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 Tactical Allocation

Distributions

  • YTD Total Return 11.8%
  • 3 Yr Annualized Total Return 4.7%
  • 5 Yr Annualized Total Return 3.7%
  • Capital Gain Distribution Frequency Daily
  • Net Income Ratio 0.94%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name AB Global Risk Allocation Fund
  • Fund Family Name AllianceBernstein
  • Inception Date Jun 08, 1932
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Leon Zhu

Fund Description

The fund invests dynamically in a number of global asset classes, including equity/credit, fixed-income, and inflation-sensitive instruments. Equity securities will comprise no more than 75% of the fund's investments. The fund may invest in fixed-income securities with a range of maturities from short- to long-term. It may invest up to 20% of its assets in high-yield securities.

CABNX - Performance

Return Ranking - Trailing

Period CABNX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.8% -21.7% 20.1% 15.53%
1 Yr 5.5% -28.3% 11.5% 8.81%
3 Yr 1.6%* -10.4% 9.6% 54.79%
5 Yr -0.4%* -15.4% 7.4% 60.68%
10 Yr 2.1%* -3.7% 11.3% 24.39%

* Annualized


Return Ranking - Calendar

Period CABNX Return Category Return Low Category Return High Rank in Category (%)
2018 -9.6% -25.7% 1.6% 30.67%
2017 8.3% -11.6% 17.9% 56.46%
2016 1.5% -11.4% 276.9% 80.14%
2015 -3.7% -87.3% -1.0% 14.05%
2014 -4.0% -21.5% 68.3% 55.86%

Total Return Ranking - Trailing

Period CABNX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.8% -21.7% 20.1% 15.53%
1 Yr 6.1% -28.3% 11.5% 13.21%
3 Yr 4.7%* -10.4% 9.6% 31.51%
5 Yr 3.7%* -15.4% 7.4% 27.35%
10 Yr 5.8%* -3.7% 11.3% 17.07%

* Annualized


Total Return Ranking - Calendar

Period CABNX Return Category Return Low Category Return High Rank in Category (%)
2018 -9.0% -25.7% 1.6% 57.33%
2017 11.8% -5.4% 22.8% 56.46%
2016 7.2% -11.0% 276.9% 31.21%
2015 -3.7% -87.3% 1.8% 38.02%
2014 7.4% -21.4% 76.9% 13.51%

NAV & Total Return History

CABNX - Holdings

Concentration Analysis

CABNX Category Low Category High CABNX % Rank
Net Assets 221 M 871 K 17.5 B 31.48%
Number of Holdings 1181 1 1272 3.73%
Net Assets in Top 10 153 M 0 12.3 B 24.84%
Weighting of Top 10 69.89% 0.0% 198.3% 52.17%

Top 10 Holdings

  1. United States Treasury Notes 0.38% 37.85%

  2. Japan (Government Of) 0.1% 13.38%

  3. Japan (Government Of) 0.1% 9.98%

  4. United States Treasury Notes 0.38% 2.81%

  5. Federal Farm Credit Banks 7.14% 2.47%

  6. VanEck Vectors JP Morgan EM LC Bd ETF 0.99%

  7. Hersha Hospitality Trust 6 7/8 % Cum Red Pfd Shs Series -C- 0.70%

  8. Pebblebrook Hotel Trust 6 1/2 % Cum Red Pfd Shs of Benef Interest Sr C 0.69%

  9. Mexico (United Mexican States) 4.12% 0.57%

  10. Federal Farm Credit Banks 7.14% 0.45%


Asset Allocation

Weighting Return Low Return High CABNX % Rank
Bonds
68.50% -22.27% 73.84% 8.07%
Stocks
25.90% 0.00% 87.92% 84.47%
Cash
4.21% -113.86% 100.00% 65.22%
Preferred Stocks
1.39% 0.00% 27.41% 16.15%
Other
0.00% -0.63% 144.69% 73.91%
Convertible Bonds
0.00% 0.00% 14.17% 78.26%

Stock Sector Breakdown

Weighting Return Low Return High CABNX % Rank
Financial Services
4.88% 0.00% 26.19% 63.75%
Technology
3.17% -0.01% 20.97% 74.38%
Industrials
3.10% 0.00% 18.97% 70.00%
Consumer Defense
2.60% 0.00% 14.18% 53.75%
Healthcare
2.56% -1.31% 16.37% 70.00%
Consumer Cyclical
2.35% -0.47% 16.51% 75.00%
Utilities
2.02% -0.58% 14.69% 41.88%
Basic Materials
1.77% -1.04% 14.80% 42.50%
Energy
1.33% -1.47% 14.89% 51.88%
Real Estate
1.24% 0.00% 32.84% 69.38%
Communication Services
0.76% -0.68% 18.53% 60.00%

Stock Geographic Breakdown

Weighting Return Low Return High CABNX % Rank
US
14.79% 0.00% 67.44% 85.09%
Non US
11.11% -6.80% 51.29% 49.69%

Bond Sector Breakdown

Weighting Return Low Return High CABNX % Rank
Government
65.57% -60.55% 65.57% 2.48%
Cash & Equivalents
4.15% -113.86% 100.00% 65.22%
Securitized
2.92% 0.00% 42.89% 44.10%
Corporate
1.39% 0.00% 53.88% 80.75%
Derivative
0.07% -43.75% 3.62% 18.63%
Municipal
0.00% 0.00% 61.85% 48.45%

Bond Geographic Breakdown

Weighting Return Low Return High CABNX % Rank
US
43.58% -82.26% 67.38% 19.25%
Non US
24.92% 0.00% 59.99% 16.15%

CABNX - Expenses

Operational Fees

CABNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.29% 0.22% 5.31% 71.43%
Management Fee 0.58% 0.15% 1.50% 23.60%
12b-1 Fee 0.25% 0.00% 1.00% 29.91%
Administrative Fee N/A 0.02% 0.45% N/A

Sales Fees

CABNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.25% 2.00% 5.75% 82.50%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

CABNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

CABNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 9.00% 9.00% 6333.00% 2.48%

CABNX - Distributions

Dividend Yield Analysis

CABNX Category Low Category High CABNX % Rank
Dividend Yield 0.54% 0.00% 8.53% 50.00%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

CABNX Category Low Category High CABNX % Rank
Net Income Ratio 0.94% -1.21% 5.60% 55.90%

Capital Gain Distribution Analysis

CABNX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Daily Annually Annually Annually

CABNX - Managers

Leon Zhu

Manager

Start Date

Tenure

Tenure Rank

Oct 08, 2012

6.98

7.0%

Leon Zhu is a Senior Vice President and Portfolio Manager of Multi-Asset Solutions at AB, and has been Co-Portfolio Manager of Global Risk Allocation products since 2012. Previously, he served as director of Quantitative Research, a position he held for 10 years. Zhu was also a member of the Investment Policy Group for the firm’s Global Diversified Strategies hedge funds from its inception in 2002 until 2014. Before joining AB as a quantitative analyst in 1995, he was a consultant at Princeton Consultants. Zhu holds a BS in mathematics from Yale University and an MA in mathematics from Princeton University, and is a CFA charterholder.


Daniel J. Loewy

Manager

Start Date

Tenure

Tenure Rank

Feb 10, 2016

3.64

3.6%

Daniel Loewy is Chief Investment Officer and Head of Multi-Asset Solutions. He oversees the research and product design of the firm’s multi-asset strategies, as well as their implementation. In addition, Loewy is Chief Investment Officer for Dynamic Asset Allocation, and is responsible for the development and investment decision-making for that service. He is also a member of the Real Asset Investment Policy Group and the Target Date Investment Oversight team. Loewy previously led the Wealth Management Group’s research on the major investment issues faced by our highest-net-worth clients, including asset allocation, alternative investments and tax management. Prior to that, he was a research analyst in the equity research department, where he followed the aerospace and defense and capital goods sectors. Additionally, Loewy has served as an associate portfolio manager for our value equity services. He holds a BS in industrial and labor relations from Cornell University and an MBA from Columbia University, and is a CFA charterholder. Location: New York


Tenure Analysis

Category Low

0.0

Category High

17.26

Category Average

5.02

Category Mode

4.75