CABNX: AB Global Risk Allocation A

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CABNX AB Global Risk Allocation A


Profile

CABNX - Profile

Vitals

  • YTD Return -0.5%
  • 3 Yr Annualized Return 1.7%
  • 5 Yr Annualized Return 1.7%
  • Net Assets $200 M
  • Holdings in Top 10 59.6%

52 WEEK LOW AND HIGH

$16.96
$13.09
$17.34

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.37%

SALES FEES

  • Front Load 4.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 3.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $2,500

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Tactical Allocation

Distributions

  • YTD Total Return -0.5%
  • 3 Yr Annualized Total Return 3.0%
  • 5 Yr Annualized Total Return 3.6%
  • Capital Gain Distribution Frequency Daily
  • Net Income Ratio 0.47%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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.


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Categories

Performance

CABNX - Performance

Return Ranking - Trailing

Period CABNX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.5% -23.8% 38.7% 41.61%
1 Yr 2.9% -22.6% 66.5% 35.81%
3 Yr 1.7%* -11.7% 9.4% 26.67%
5 Yr 1.7%* -11.1% 7.4% 27.10%
10 Yr 2.3%* -3.4% 2.9% 18.60%

* Annualized

Return Ranking - Calendar

Period CABNX Return Category Return Low Category Return High Rank in Category (%)
2019 14.7% -21.7% 26.6% 8.78%
2018 -9.6% -28.0% 0.2% 33.83%
2017 8.3% -11.6% 22.0% 56.69%
2016 1.5% -14.9% 16.0% 77.50%
2015 -3.7% -87.3% -0.8% 15.31%

Total Return Ranking - Trailing

Period CABNX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.5% -23.8% 38.7% 41.61%
1 Yr 2.9% -22.6% 66.5% 35.14%
3 Yr 3.0%* -11.7% 9.4% 26.67%
5 Yr 3.6%* -10.7% 8.1% 29.91%
10 Yr 5.8%* -3.3% 6.2% 9.30%

* Annualized

Total Return Ranking - Calendar

Period CABNX Return Category Return Low Category Return High Rank in Category (%)
2019 14.7% -21.7% 26.6% 8.78%
2018 -9.0% -28.0% 1.1% 63.16%
2017 11.8% -5.4% 22.0% 57.48%
2016 7.2% -14.9% 19.7% 25.83%
2015 -3.7% -87.3% 1.8% 38.78%

NAV & Total Return History


Holdings

CABNX - Holdings

Concentration Analysis

CABNX Category Low Category High CABNX % Rank
Net Assets 200 M 871 K 15.2 B 30.20%
Number of Holdings 1175 1 1814 5.67%
Net Assets in Top 10 105 M 0 10.3 B 24.11%
Weighting of Top 10 59.64% 0.0% 99.7% 64.18%

Top 10 Holdings

  1. United States Treasury Notes 0.38% 36.89%
  2. Japan (Government Of) 0.1% 12.71%
  3. United States Treasury Notes 0.38% 3.64%
  4. Federal Farm Credit Banks 5.18% 1.98%
  5. VanEck Vectors JP Morgan EM LC Bd ETF 1.70%
  6. Mexico (United Mexican States) 4.12% 0.72%
  7. Pebblebrook Hotel Trust 6 1/2 % Cum Red Pfd Shs of Benef Interest Sr C 0.66%
  8. iShares Global Energy ETF 0.52%
  9. Federal Farm Credit Banks 5.18% 0.41%
  10. Hersha Hospitality Trust 6 7/8 % Cum Red Pfd Shs Series -C- 0.40%

Asset Allocation

Weighting Return Low Return High CABNX % Rank
Bonds
58.07% -22.52% 79.22% 19.46%
Stocks
29.98% -0.01% 73.63% 69.80%
Cash
10.87% -35.43% 100.00% 55.32%
Preferred Stocks
1.06% 0.00% 17.05% 9.22%
Other
0.03% -3.81% 67.56% 61.70%
Convertible Bonds
0.00% 0.00% 6.22% 78.72%

Stock Sector Breakdown

Weighting Return Low Return High CABNX % Rank
Financial Services
15.42% 0.00% 100.00% 13.95%
Technology
14.48% 0.00% 54.08% 63.57%
Healthcare
11.94% 0.00% 35.26% 68.22%
Industrials
10.80% 0.00% 22.11% 15.50%
Consumer Defense
10.31% 0.00% 43.97% 25.58%
Utilities
7.73% 0.00% 95.94% 18.60%
Consumer Cyclical
7.47% 0.00% 18.69% 58.14%
Basic Materials
6.51% 0.00% 66.00% 10.08%
Energy
5.75% 0.00% 16.59% 13.95%
Communication Services
5.29% 0.00% 21.12% 79.84%
Real Estate
4.30% 0.00% 34.83% 37.21%

Stock Geographic Breakdown

Weighting Return Low Return High CABNX % Rank
US
18.00% -0.01% 60.94% 68.09%
Non US
11.98% 0.00% 37.48% 34.04%

Bond Sector Breakdown

Weighting Return Low Return High CABNX % Rank
Government
79.52% 0.00% 95.91% 7.09%
Cash & Equivalents
15.04% 1.71% 100.00% 74.47%
Securitized
3.43% 0.00% 48.69% 48.23%
Corporate
1.52% 0.00% 96.81% 77.30%
Derivative
0.50% 0.00% 74.33% 28.37%
Municipal
0.00% 0.00% 9.14% 53.90%

Bond Geographic Breakdown

Weighting Return Low Return High CABNX % Rank
US
42.94% 0.00% 79.22% 29.79%
Non US
15.13% 0.00% 43.09% 12.06%

Expenses

CABNX - Expenses

Operational Fees

CABNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.37% 0.00% 5.31% 65.54%
Management Fee 0.59% 0.15% 1.50% 26.35%
12b-1 Fee 0.25% 0.00% 1.00% 26.14%
Administrative Fee N/A 0.03% 0.70% N/A

Sales Fees

CABNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.25% 2.50% 5.75% 92.86%
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

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 3.00% 2.69% 474.00% 2.84%

Distributions

CABNX - Distributions

Dividend Yield Analysis

CABNX Category Low Category High CABNX % Rank
Dividend Yield 0.00% 0.00% 6.86% 16.11%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

CABNX Category Low Category High CABNX % Rank
Net Income Ratio 0.47% -1.48% 5.27% 75.68%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

CABNX - Fund Manager Analysis

Managers

Leon Zhu


Start Date

Tenure

Tenure Rank

Oct 08, 2012

7.82

7.8%

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. Mr. Zhu joined AllianceBernstein L.P. in 1995. Zhu was also a member of the Investment Policy Group for the AllianceBernstein L.P.’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 Loewy


Start Date

Tenure

Tenure Rank

Feb 10, 2016

4.47

4.5%

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 Category High Category Average Category Mode
0.17 29.6 5.37 0.32