GCEYX: AB Global Core Equity Advisor

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

GCEYX AB Global Core Equity Advisor


Profile

GCEYX - Profile

Vitals

  • YTD Return -19.5%
  • 3 Yr Annualized Return 0.7%
  • 5 Yr Annualized Return 1.9%
  • Net Assets $951 M
  • Holdings in Top 10 34.5%

52 WEEK LOW AND HIGH

$11.28
$9.62
$14.46

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.90%

SALES FEES

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

BROKERAGE FEES

  • Turnover 47.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style World Large Stock

Distributions

  • YTD Total Return -19.5%
  • 3 Yr Annualized Total Return 2.2%
  • 5 Yr Annualized Total Return 3.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.61%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    AB Global Core Equity Portfolio
  • Fund Family Name
    AllianceBernstein
  • Inception Date
    Nov 12, 2014
  • Shares Outstanding
    N/A
  • Share Class
    Adv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    David Dalgas

Fund Description

The fund invests primarily in a portfolio of equity securities of issuers from markets around the world. Under normal circumstances, the fund invests at least 80% of its net assets in equity securities, at least 40% of its net assets in securities of non-U.S. companies, and invests in companies in at least three countries (including the United States). The Adviser will seek companies that are attractively valued and have the ability to generate high and sustainable returns on invested capital. The Adviser will not seek to have a bias towards any investment style, economic sector, country or company size.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.


Categories

Performance

GCEYX - Performance

Return Ranking - Trailing

Period GCEYX Return Category Return Low Category Return High Rank in Category (%)
YTD -19.5% -39.5% 6.0% 60.00%
1 Yr -14.2% -45.7% 32.8% 56.76%
3 Yr 0.7%* -44.8% 48.4% 24.84%
5 Yr 1.9%* -30.3% 21.0% 18.11%
10 Yr N/A* -9.6% 14.4% N/A

* Annualized

Return Ranking - Calendar

Period GCEYX Return Category Return Low Category Return High Rank in Category (%)
2019 23.4% -14.9% 45.5% 41.92%
2018 -7.7% -73.8% 141.8% 8.70%
2017 19.9% -76.0% 54.2% 46.29%
2016 6.9% -12.7% 13.9% 11.08%
2015 -3.7% -36.4% 17.2% 52.63%

Total Return Ranking - Trailing

Period GCEYX Return Category Return Low Category Return High Rank in Category (%)
YTD -19.5% -39.5% 6.0% 60.00%
1 Yr -14.2% -45.7% 32.8% 56.76%
3 Yr 2.2%* -32.6% 48.4% 27.95%
5 Yr 3.3%* -20.9% 21.0% 25.68%
10 Yr N/A* -9.6% 14.4% N/A

* Annualized

Total Return Ranking - Calendar

Period GCEYX Return Category Return Low Category Return High Rank in Category (%)
2019 23.4% -14.9% 45.5% 41.92%
2018 -7.7% -73.8% 140.6% 20.36%
2017 25.5% 1.5% 54.2% 30.13%
2016 7.9% -8.8% 17.1% 13.49%
2015 -2.6% -36.4% 18.6% 67.59%

NAV & Total Return History


Holdings

GCEYX - Holdings

Concentration Analysis

GCEYX Category Low Category High GCEYX % Rank
Net Assets 951 M 218 K 107 B 26.90%
Number of Holdings 61 15 9861 74.44%
Net Assets in Top 10 360 M 236 K 20.3 B 25.93%
Weighting of Top 10 34.51% 7.3% 61.8% 31.91%

Top 10 Holdings

  1. Microsoft Corp 4.35%
  2. Alphabet Inc Class C 3.95%
  3. Anthem Inc 3.95%
  4. Service Corp International 3.81%
  5. Berkshire Hathaway Inc B 3.55%
  6. International Flavors & Fragrances Inc 3.54%
  7. SECOM Co Ltd 3.20%
  8. Cognizant Technology Solutions Corp A 2.88%
  9. 3M Co 2.78%
  10. Julius Baer Gruppe AG 2.50%

Asset Allocation

Weighting Return Low Return High GCEYX % Rank
Stocks
99.90% 2.12% 100.68% 8.89%
Cash
0.10% -3.48% 89.42% 90.37%
Preferred Stocks
0.00% 0.00% 6.41% 98.70%
Other
0.00% -1.56% 20.43% 95.37%
Convertible Bonds
0.00% 0.00% 5.19% 98.15%
Bonds
0.00% -11.97% 19.84% 98.33%

Stock Sector Breakdown

Weighting Return Low Return High GCEYX % Rank
Financial Services
24.87% -3.32% 32.74% 6.30%
Communication Services
16.94% -0.46% 68.40% 8.70%
Technology
13.53% 0.00% 45.83% 78.70%
Healthcare
11.68% -4.43% 31.80% 71.30%
Consumer Cyclical
11.01% 1.76% 38.94% 42.22%
Industrials
8.98% -5.03% 26.12% 68.33%
Consumer Defense
5.19% -1.09% 28.14% 70.93%
Energy
4.38% 0.00% 11.01% 32.78%
Real Estate
1.76% -1.40% 12.56% 54.44%
Basic Materials
1.16% -0.64% 9.57% 80.19%
Utilities
0.52% -0.68% 12.90% 62.96%

Stock Geographic Breakdown

Weighting Return Low Return High GCEYX % Rank
US
55.53% -69.13% 76.88% 45.56%
Non US
44.37% -0.77% 165.28% 35.74%

Expenses

GCEYX - Expenses

Operational Fees

GCEYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.90% 0.08% 44.68% 78.57%
Management Fee 0.75% 0.07% 1.75% 61.30%
12b-1 Fee N/A 0.00% 1.00% 95.68%
Administrative Fee N/A 0.01% 0.65% N/A

Sales Fees

GCEYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.10% 5.75% N/A
Deferred Load N/A 1.00% 5.00% 85.14%

Trading Fees

GCEYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.10% 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.

GCEYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 47.00% 1.00% 995.00% 64.58%

Distributions

GCEYX - Distributions

Dividend Yield Analysis

GCEYX Category Low Category High GCEYX % Rank
Dividend Yield 0.00% 0.00% 21.93% 98.15%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

GCEYX Category Low Category High GCEYX % Rank
Net Income Ratio 1.61% -2.05% 7.25% 22.33%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

GCEYX - Fund Manager Analysis

Managers

David Dalgas


Start Date

Tenure

Tenure Rank

Oct 31, 2014

5.42

5.4%

David Dalgas joined AB in 2014 and is Co-Chief Investment Officer of Global Core Equity. He previously served as head of equities and CIO at CPH Capital, which he cofounded in 2011. Prior to that, Dalgas was head of equities at BankInvest, where he was responsible for equity portfolios serving global institutional investors. He previously worked in portfolio management and equity research at LD Invest (now known as Maj Invest), WestLB, Amagerbanken and the Central Bank of Denmark. Dalgas holds a BSc in economics and business administration and an MSc in finance and accounting from the Copenhagen Business School, and is a CFA charterholder. Location: Copenhagen

Klaus Ingemann


Start Date

Tenure

Tenure Rank

Oct 31, 2014

5.42

5.4%

Klaus Ingemann joined AB in 2014 as Portfolio Manager and Senior Research Analyst and was promoted to Co-Chief Investment Officer of Global Core Equity in 2018. He previously served as an executive member of the investment board at CPH Capital, which he cofounded in 2011. Prior to that, Ingemann was chief portfolio manager and a member of the investment board at BankInvest. He previously worked as a corporate finance advisor for Carnegie Bank, where he mainly advised on cross-border mergers and acquisitions. Before that, Ingemann spent four years in the finance department at Tele Danmark, where he was primarily involved with developing a value-at-risk management system. He holds a BSc in business administration and an MSc in finance and accounting from the Copenhagen Business School, and is a CFA charterholder. Location: Copenhagen

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 29.27 6.71 14.34