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Name

As of 02/02/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

AB All Market Income Portfolio

MRKYX | Fund

$7.60

$77.3 M

0.00%

0.75%

Vitals

YTD Return

2.2%

1 yr return

-17.1%

3 Yr Avg Return

-9.5%

5 Yr Avg Return

-5.1%

Net Assets

$77.3 M

Holdings in Top 10

17.6%

52 WEEK LOW AND HIGH

$7.6
$7.24
$9.03

Expenses

OPERATING FEES

Expense Ratio 0.75%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 86.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 02/02/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

AB All Market Income Portfolio

MRKYX | Fund

$7.60

$77.3 M

0.00%

0.75%

MRKYX - Profile

Distributions

  • YTD Total Return 2.2%
  • 3 Yr Annualized Total Return -9.5%
  • 5 Yr Annualized Total Return -4.1%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.58%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    AB All Market Income Portfolio
  • Fund Family Name
    AllianceBernstein
  • Inception Date
    Dec 18, 2014
  • Shares Outstanding
    N/A
  • Share Class
    Adv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Daniel Loewy

Fund Description

The Adviser allocates the Fund’s investments primarily among a broad range of income-producing securities, including common stock of companies that regularly pay dividends, debt securities (including high-yield debt securities, also known as “junk bonds”), preferred stocks, and derivatives related to these types of securities. In addition, the Fund may engage in certain alternative income strategies that generally utilize derivatives to diversify sources of income and manage risk. The Fund pursues a global strategy, typically investing in securities of issuers located in the United States and in other countries throughout the world, including emerging market countries. 
In selecting equity securities for the Fund, the Adviser focuses on securities that have high dividend yields and are undervalued by the market relative to their long-term earnings potential. The Adviser intends to gain exposure to high-yield debt securities through investment in the AB High Income Fund and may, in the future, gain such exposure through direct investments in high-income securities. It is expected that the Fund will pursue a number of generally derivatives-based alternative investment strategies, such as taking long positions in currency derivatives on higher-yielding currencies and/or short positions in currency derivatives on lower-yielding currencies. These alternative investment strategies may also include buying and writing put and call options, and entering into variance swaps. 
The Adviser adjusts the Fund’s investment exposure utilizing the Adviser’s Dynamic Asset Allocation (“DAA”) approach. DAA comprises a series of analytical and forecasting tools employed by the Adviser to gauge fluctuations in the risk/return profile of various asset classes. DAA seeks to adjust the Fund’s investment exposure in changing market conditions and thereby reduce overall portfolio volatility by mitigating the effects of market fluctuations, while preserving consistent long-term return potential. For example, the Adviser may seek to reduce the Fund’s risk exposure to one or more asset classes when DAA suggests that market risks relevant to those asset classes are rising but return opportunities are declining. In addition to directly increasing or decreasing asset class exposure by buying or selling securities in that asset class, the Adviser may pursue DAA implementation for the Fund by investing in derivatives and exchange-traded funds (“ETFs”). 
The Adviser intends to utilize a variety of derivatives in its management of the Fund. The Adviser may use derivatives to gain exposure to an asset class, such as using interest rate derivatives to gain exposure to sovereign bonds. As noted above, the Adviser may separately pursue certain alternative investment strategies that utilize derivatives, and may enter into derivatives in making the adjustments called for by DAA. As a result of the use of derivatives and short sales of securities, the Fund may be leveraged, with net investment exposure in excess of its net assets. 
Currency exchange rate fluctuations can have a dramatic impact on returns. The Fund’s foreign currency exposures will come both from investments in equity and debt securities priced or denominated in foreign currencies and from direct holdings of foreign currencies and currency-related derivatives. The Adviser may seek to hedge all or a portion of the currency exposure resulting from Fund investments or decide not to hedge this exposure. The Adviser may seek investment opportunities by taking long or short positions in currencies through the use of currency-related derivatives. 
Read More

MRKYX - Performance

Return Ranking - Trailing

Period MRKYX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.2% -24.7% 108.5% 92.45%
1 Yr -17.1% -28.1% 109.1% 88.54%
3 Yr -9.5%* -9.5% 25.6% 99.85%
5 Yr -5.1%* -8.8% 23.4% 97.62%
10 Yr N/A* -4.9% 8.6% N/A

* Annualized

Return Ranking - Calendar

Period MRKYX Return Category Return Low Category Return High Rank in Category (%)
2023 -21.8% -39.0% 92.4% 80.53%
2022 1.0% -6.1% 39.6% 71.77%
2021 -2.6% -21.9% 14.5% 98.40%
2020 3.2% -15.9% 6.3% 51.03%
2019 -2.7% -12.6% 61.5% 71.79%

Total Return Ranking - Trailing

Period MRKYX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.2% -24.7% 108.5% 92.58%
1 Yr -17.1% -28.1% 109.1% 88.83%
3 Yr -9.5%* -9.5% 25.6% 99.86%
5 Yr -4.1%* -8.8% 23.4% 96.55%
10 Yr N/A* -4.9% 11.0% N/A

* Annualized

Total Return Ranking - Calendar

Period MRKYX Return Category Return Low Category Return High Rank in Category (%)
2023 -21.8% -39.0% 92.4% 80.53%
2022 1.0% -6.1% 39.6% 71.77%
2021 -2.6% -21.9% 14.5% 98.40%
2020 3.4% -11.5% 6.3% 44.57%
2019 -1.8% -12.6% 61.5% 58.37%

NAV & Total Return History

MRKYX - Holdings

Concentration Analysis

MRKYX Category Low Category High MRKYX % Rank
Net Assets 77.3 M 658 K 207 B 85.68%
Number of Holdings 1364 2 15351 10.28%
Net Assets in Top 10 14 M -6.38 M 48.5 B 89.97%
Weighting of Top 10 17.62% 8.4% 100.0% 93.20%

Top 10 Holdings

  1. Ab Fixed Income Shares, Inc. Government Money Market Portfolio - Class Ab 30.67%
  2. Ab Fixed Income Shares, Inc. Government Money Market Portfolio - Class Ab 30.67%
  3. Ab Fixed Income Shares, Inc. Government Money Market Portfolio - Class Ab 30.67%
  4. Ab Fixed Income Shares, Inc. Government Money Market Portfolio - Class Ab 30.67%
  5. Ab Fixed Income Shares, Inc. Government Money Market Portfolio - Class Ab 30.67%
  6. Ab Fixed Income Shares, Inc. Government Money Market Portfolio - Class Ab 30.67%
  7. Ab Fixed Income Shares, Inc. Government Money Market Portfolio - Class Ab 30.67%
  8. Ab Fixed Income Shares, Inc. Government Money Market Portfolio - Class Ab 30.67%
  9. Ab Fixed Income Shares, Inc. Government Money Market Portfolio - Class Ab 30.67%
  10. Ab Fixed Income Shares, Inc. Government Money Market Portfolio - Class Ab 30.67%

Asset Allocation

Weighting Return Low Return High MRKYX % Rank
Stocks 		44.52% 0.00% 99.40% 89.34%
Bonds 		38.75% -82.31% 116.75% 25.13%
Cash 		9.40% -16.75% 158.07% 12.06%
Preferred Stocks 		6.61% 0.00% 27.92% 3.05%
Convertible Bonds 		0.66% 0.00% 23.84% 38.45%
Other 		0.04% -6.69% 48.03% 47.08%

Stock Sector Breakdown

Weighting Return Low Return High MRKYX % Rank
Technology 		20.52% 0.00% 48.68% 39.19%
Financial Services 		15.37% 0.00% 60.22% 40.20%
Healthcare 		14.84% 0.00% 39.78% 28.75%
Communication Services 		9.01% 0.00% 100.00% 13.99%
Industrials 		7.50% 0.00% 33.21% 89.69%
Consumer Cyclical 		7.03% 0.00% 20.19% 78.75%
Energy 		6.51% 0.00% 85.65% 30.79%
Real Estate 		6.32% 0.00% 65.01% 19.72%
Consumer Defense 		6.31% 0.00% 22.62% 61.96%
Basic Materials 		3.84% 0.00% 33.35% 58.14%
Utilities 		2.74% 0.00% 99.55% 59.41%

Stock Geographic Breakdown

Weighting Return Low Return High MRKYX % Rank
US 		28.40% -1.65% 98.67% 94.42%
Non US 		16.12% -0.44% 56.67% 29.70%

Bond Sector Breakdown

Weighting Return Low Return High MRKYX % Rank
Corporate 		67.44% 0.00% 98.21% 11.93%
Cash & Equivalents 		16.96% 0.14% 100.00% 28.81%
Government 		9.29% 0.00% 97.26% 83.88%
Securitized 		6.01% 0.00% 92.13% 76.40%
Municipal 		0.30% 0.00% 87.00% 39.72%
Derivative 		0.00% 0.00% 31.93% 77.16%

Bond Geographic Breakdown

Weighting Return Low Return High MRKYX % Rank
US 		26.26% -82.31% 80.50% 66.37%
Non US 		12.49% 0.00% 84.73% 4.57%

MRKYX - Expenses

Operational Fees

MRKYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.75% 0.06% 7.62% 68.25%
Management Fee 0.55% 0.00% 1.83% 65.03%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.83% N/A

Sales Fees

MRKYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

MRKYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 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.

MRKYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 86.00% 0.00% 343.00% 79.01%

MRKYX - Distributions

Dividend Yield Analysis

MRKYX Category Low Category High MRKYX % Rank
Dividend Yield 0.00% 0.00% 44.83% 4.49%

Dividend Distribution Analysis

MRKYX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Annually

Net Income Ratio Analysis

MRKYX Category Low Category High MRKYX % Rank
Net Income Ratio 2.58% -2.34% 19.41% 7.96%

Capital Gain Distribution Analysis

MRKYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

View More +

MRKYX - Fund Manager Analysis

Managers

Daniel Loewy

Start Date

Tenure

Tenure Rank

Dec 18, 2014

7.45

7.5%

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

Morgan Harting

Start Date

Tenure

Tenure Rank

Mar 31, 2015

7.17

7.2%

Morgan C. Harting is the lead Portfolio Manager for all Multi-Asset Income strategies and for the Emerging Markets Multi-Asset Portfolio. He joined AB in 2007 as part of the global and emerging-market equities portfolio-management team. Prior to that, Harting was a sovereign-debt analyst, first at Standard & Poor’s and then at Fitch Ratings, where he was a senior director. He holds a BA from Wesleyan University, and both an MA in international relations and an MBA from Yale University, where he was a graduate teaching fellow in international economics. Harting is a CFA charterholder, a certified Financial Risk Manager (FRM) and a Chartered Alternative Investment Analyst (CAIA).

Karen Watkin

Start Date

Tenure

Tenure Rank

Feb 26, 2021

1.26

1.3%

Karen Watkin is a Senior Vice President and Portfolio Manager for the Multi-Asset Solutions business in EMEA. Along with being Portfolio Manager for the All Market Income Portfolio, she is responsible for the development and management of multi-asset portfolios for a range of clients. From 2008 to 2011, Watkin was portfolio manager for the Index Strategies Group, responsible for the development and management of AB’s custom index strategies for institutional clients in EMEA. She joined the firm in 2003, after spending three years as a management consultant in the Capital Markets Group at Accenture. Watkin holds a BA in economics with European study from the University of Exeter and is a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 34.51 6.26 2.41

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