CHCIX: AB Discovery Growth I

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CHCIX AB Discovery Growth I


Profile

CHCIX - Profile

Vitals

  • YTD Return -12.7%
  • 3 Yr Annualized Return -0.1%
  • 5 Yr Annualized Return -0.1%
  • Net Assets $1.99 B
  • Holdings in Top 10 18.5%

52 WEEK LOW AND HIGH

$9.96
$8.15
$12.61

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.75%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 69.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,000,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -12.7%
  • 3 Yr Annualized Total Return 7.9%
  • 5 Yr Annualized Total Return 5.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.33%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    AB Discovery Growth Fund
  • Fund Family Name
    AllianceBernstein
  • Inception Date
    Mar 01, 2005
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Samantha Lau

Fund Description

The fund invests primarily in a diversified portfolio of equity securities with relatively smaller capitalizations as compared to the overall U.S. market. Under normal circumstances, the fund invests at least 80% of its net assets in the equity securities of small- and mid-capitalization companies. For these purposes, "small- and mid-capitalization companies" are generally those companies that, at the time of investment, fall within the lowest 25% of the total U.S. equity market capitalization (excluding, for purposes of this calculation, companies with market capitalizations of less than $10 million).


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Categories

Performance

CHCIX - Performance

Return Ranking - Trailing

Period CHCIX Return Category Return Low Category Return High Rank in Category (%)
YTD -12.7% -40.7% 4.6% 16.84%
1 Yr -13.3% -73.7% 39.4% 44.31%
3 Yr -0.1%* -48.6% 45.0% 36.13%
5 Yr -0.1%* -36.3% 25.8% 34.05%
10 Yr 7.3%* -18.1% 20.0% 18.05%

* Annualized

Return Ranking - Calendar

Period CHCIX Return Category Return Low Category Return High Rank in Category (%)
2019 23.0% -50.2% 44.9% 61.76%
2018 -19.1% -51.7% 102.3% 67.99%
2017 24.7% -21.1% 36.0% 11.62%
2016 5.1% -61.7% 40.3% 26.54%
2015 -6.1% -54.0% 12.2% 47.53%

Total Return Ranking - Trailing

Period CHCIX Return Category Return Low Category Return High Rank in Category (%)
YTD -12.7% -40.7% 4.6% 16.84%
1 Yr -13.3% -73.7% 39.4% 44.31%
3 Yr 7.9%* -44.6% 45.0% 16.01%
5 Yr 5.8%* -29.7% 25.8% 16.06%
10 Yr 11.9%* -13.7% 20.0% 5.33%

* Annualized

Total Return Ranking - Calendar

Period CHCIX Return Category Return Low Category Return High Rank in Category (%)
2019 23.0% -50.2% 44.9% 61.76%
2018 -4.4% -51.7% 102.3% 20.50%
2017 32.9% -7.0% 39.4% 5.52%
2016 5.1% -61.7% 40.3% 41.36%
2015 -0.6% -54.0% 12.2% 41.08%

NAV & Total Return History


Holdings

CHCIX - Holdings

Concentration Analysis

CHCIX Category Low Category High CHCIX % Rank
Net Assets 1.99 B 618 K 25.7 B 25.55%
Number of Holdings 96 1 2554 27.56%
Net Assets in Top 10 470 M 182 K 6.42 B 30.59%
Weighting of Top 10 18.49% 5.9% 100.0% 83.03%

Top 10 Holdings

  1. Teladoc Health Inc 2.22%
  2. Burlington Stores Inc 2.10%
  3. Bright Horizons Family Solutions Inc 1.99%
  4. Jack Henry & Associates Inc 1.90%
  5. RingCentral Inc Class A 1.85%
  6. Insulet Corp 1.78%
  7. National Vision Holdings Inc 1.75%
  8. Planet Fitness Inc A 1.73%
  9. Guardant Health Inc 1.61%
  10. NVR Inc 1.56%

Asset Allocation

Weighting Return Low Return High CHCIX % Rank
Stocks
97.94% 84.41% 121.88% 57.65%
Cash
2.00% -27.03% 15.59% 42.18%
Other
0.06% -10.01% 5.15% 12.44%
Preferred Stocks
0.00% 0.00% 3.45% 99.83%
Convertible Bonds
0.00% 0.00% 0.16% 99.83%
Bonds
0.00% 0.00% 6.52% 99.83%

Stock Sector Breakdown

Weighting Return Low Return High CHCIX % Rank
Technology
30.33% 0.00% 54.65% 41.34%
Healthcare
23.17% 0.00% 41.67% 16.47%
Industrials
17.11% 0.00% 31.80% 48.07%
Consumer Cyclical
13.79% 0.11% 58.77% 49.58%
Consumer Defense
6.68% 0.00% 16.85% 12.61%
Financial Services
4.68% 0.00% 41.91% 76.30%
Basic Materials
1.32% 0.00% 18.18% 55.29%
Communication Services
1.24% 0.00% 26.56% 88.57%
Real Estate
1.10% 0.00% 48.86% 84.03%
Energy
0.55% 0.00% 39.70% 47.56%
Utilities
0.02% 0.00% 6.52% 24.71%

Stock Geographic Breakdown

Weighting Return Low Return High CHCIX % Rank
US
96.03% 80.47% 115.67% 31.09%
Non US
1.91% 0.00% 16.32% 77.98%

Expenses

CHCIX - Expenses

Operational Fees

CHCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.75% 0.05% 27.43% 90.05%
Management Fee 0.61% 0.00% 1.50% 16.16%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

CHCIX 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% 5.00% N/A

Trading Fees

CHCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

CHCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 69.00% 1.93% 385.00% 69.71%

Distributions

CHCIX - Distributions

Dividend Yield Analysis

CHCIX Category Low Category High CHCIX % Rank
Dividend Yield 0.00% 0.00% 17.66% 99.83%

Dividend Distribution Analysis

CHCIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Annually Annually

Net Income Ratio Analysis

CHCIX Category Low Category High CHCIX % Rank
Net Income Ratio -0.33% -2.56% 2.17% 50.76%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

CHCIX - Fund Manager Analysis

Managers

Samantha Lau


Start Date

Tenure

Tenure Rank

Nov 03, 2008

11.41

11.4%

Samantha S. Lau was named Co-Chief Investment Officer of US Small/SMID Cap Growth in October 2014. She was previously a portfolio manager/analyst responsible for research and portfolio management for the technology sector for US Small/SMID Cap Growth. Prior to joining the firm in 1999, Lau covered small-cap technology companies for INVESCO (NY) (formerly Chancellor Capital Management). Before joining Chancellor in 1997, she worked for three years as a healthcare securities analyst in the investment research department of Goldman Sachs, where she had primary coverage responsibility for the long-term care and physician practice-management industries, as well as for several companies within the pharmaceuticals sector. Lau holds a BS (magna cum laude) in finance and accounting from the Wharton School of the University of Pennsylvania and is a CFA charterholder. Location: New York

Wen-Tse Tseng


Start Date

Tenure

Tenure Rank

Nov 03, 2008

11.41

11.4%

Wen-Tse Tseng joined AllianceBernstein in 2006 and is responsible for research and portfolio management for the healthcare sector. Prior to joining the firm, he spent four years as the healthcare portfolio manager for the small-cap growth team at William D. Witter (the same team had previously managed assets for Weiss, Peck & Greer). Prior to that, Tseng was a senior healthcare analyst at JP Morgan Fleming Asset Management for a year and a half. He also spent six years as a research associate at Amgen, and was an assistant scientist at Hoffman-La Roche for one year. He holds a BS from National Taiwan University; an MS in molecular genetics and microbiology from Robert Wood Johnson Medical School–University of Medicine and Dentistry of New Jersey; and an MBA from the Graziadio School of Business and Management at Pepperdine University. Location: New York

Bruce Aronow


Start Date

Tenure

Tenure Rank

Nov 03, 2008

11.41

11.4%

Bruce K. Aronow is Chief Investment Officer for US Small/SMID Cap Growth products, a role he has held since 2000. He is also responsible for the US Small/SMID Cap Growth consumer/commercial services sector. Prior to joining the firm in 1999, Aronow was responsible for research and portfolio management for the small-cap consumer and autos/transportation sectors at Invesco (NY) (formerly Chancellor Capital Management). He joined Chancellor in 1994 as a small-cap analyst, primarily focusing on autos/transportation, specialty finance and consumer-related companies. Previously, Aronow was a senior associate with Kidder, Peabody & Co. for five years. He holds a BA with a concentration in philosophy and a minor in economics from Colgate University and served as a recent graduate member on the Board of Trustees of Colgate University from 1990 to 1993. Aronow is a member of both the New York Society of Security Analysts and the Association for Investment Management & Research (AIMR), and is a CFA charterholder. Location: New York

Heather Pavlak


Start Date

Tenure

Tenure Rank

Oct 31, 2019

0.42

0.4%

Heather Pavlak joined AB in 2018 as a Research Analyst for the Small and SMID Cap Growth Equities team. Before that, she spent four years at Schroders Investment Management, where she covered materials, utilities and transports as an equity research analyst. Previously, Pavlak was a senior relationship associate for three years at Brown Brothers Harriman, where she managed investments for high-net-worth clients. She also spent two years at Oppenheimer Funds as a fund analyst and bilingual service associate. Pavlak holds a BA in business and Spanish from the University of Colorado Boulder and an MS in finance from the University of Colorado Denver. She is a CFA charterholder. Location: New York

Esteban Gomez


Start Date

Tenure

Tenure Rank

Oct 31, 2019

0.42

0.4%

Esteban Gomez joined AB in 2016, and is responsible for research and portfolio management for the industrials sector of Small and SMID Cap Growth Equities. Previously, he spent three years at J.P. Morgan as an equity research analyst on a team that was top-ranked by Institutional Investor in the Retailing/Department Stores & Specialty Softlines sector. Before that, Gomez was a research associate and controller for Newbrook Capital for a year and a half, where he performed macro and equity research in the consumer and tech sectors. He also spent four years at Ramius, where he was responsible for accounting, valuation and financial reporting for the firm’s flagship multistrategy hedge fund. Gomez holds a BBA in accounting from Baruch College of the City University of New York and an MBA from the Leonard N. Stern School of Business at New York University. He is a Certified Public Accountant (CPA) and a CFA charterholder. Location: New York

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 33.27 8.09 9.59