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AB Emerging Markets Multi-Asset Portfolio
mutual fund
ABIEX
Payout Change
Pending
Price as of:
$8.52
+0.03
+0.35%
primary theme
Emerging Markets Equity
share class
ABIEX (Mutual Fund)
AB Emerging Markets Multi-Asset Portfolio
Payout Change
Pending
Price as of:
$8.52
+0.03
+0.35%
primary theme
Emerging Markets Equity
share class
ABIEX (Mutual Fund)
AB Emerging Markets Multi-Asset Portfolio
Payout Change
Pending
Price as of:
$8.52
+0.03
+0.35%
primary theme
Emerging Markets Equity
share class
Name
As of 12/20/2024Price
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
Vitals
YTD Return
14.9%
1 yr return
16.7%
3 Yr Avg Return
1.7%
5 Yr Avg Return
3.4%
Net Assets
$131 M
Holdings in Top 10
26.8%
52 WEEK LOW AND HIGH
$8.5
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.51%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 81.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/20/2024Price
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
ABIEX - Profile
Distributions
- YTD Total Return 14.9%
- 3 Yr Annualized Total Return 1.7%
- 5 Yr Annualized Total Return 3.4%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.46%
- Dividend Yield 10.6%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameAB Emerging Markets Multi-Asset Portfolio
-
Fund Family NameALLIANCEBE
-
Inception DateAug 31, 2011
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMorgan Harting
Fund Description
The Fund invests at least 80% of its net assets under normal circumstances in securities of emerging market issuers and/or the currencies of emerging market countries. Examples of emerging market countries include Argentina, Brazil, Chile, Croatia, Egypt, India, Indonesia, Israel, Kazakhstan, Malaysia, Mexico, the People’s Republic of China, Peru, the Philippines, Poland, South Africa, South Korea, Taiwan, Thailand, Turkey and Venezuela. Investing in emerging markets generally involves risks greater than the risks associated with investing in the markets of developed countries. The Fund may invest up to 20% of its net assets in the securities of developed market issuers.
The Fund invests in equity securities, debt securities and currencies, and does not attempt to maintain a constant or relatively constant allocation among these asset classes. Rather, allocations among asset classes are adjusted based on the Adviser’s view of the relative attractiveness of the asset classes. These allocations are informed by the Adviser’s proprietary asset allocation tools, which are comprised of a series of volatility, correlation and expected return forecasts. The Adviser reviews potential Fund investments in each asset class holistically from a country, currency, sector and security standpoint to optimize overall portfolio construction. Under normal circumstances, the Fund will invest between 30% and 95% of its net assets in equity securities, and between 0% and 65% of its net assets in debt securities, with any remainder held in cash (including foreign currency). The Fund is not constrained based on the country, region, market capitalization, credit quality or duration of its investments, and its assets may at times be concentrated in a particular country or region.
The process for selecting equity securities for the Fund is primarily bottom-up. The Adviser seeks to identify stocks that are attractive based on valuation, profitability, earnings quality, business trends, price momentum and other measures.
The process for selecting debt securities for the Fund is more top-down. The Adviser believes that inefficiencies in the global debt markets arise from investor emotion, market complexity and conflicting investment agendas. The Adviser combines quantitative forecasts with fundamental credit and economic research in seeking to exploit these inefficiencies. The Adviser seeks to generate returns from the Fund’s fixed-income investments through a combination of country selection, currency allocation, sector analysis and security selection. Debt securities may include those of both corporate and governmental issuers, and may include below investment grade debt securities (“junk bonds”). The Fund may invest in debt securities with a range of maturities from short- to long-term.
The Adviser considers both quantitative and fundamental factors in adjusting the Fund’s currency exposures. In addition to the Fund’s currency exposure that results from its investments in equity and debt securities denominated in foreign currencies (and any related hedging), the Fund may hold foreign currency (or related derivatives) independently of any such investments, and may hold a currency even if the Fund does not hold any securities denominated in that currency.
The Fund may utilize derivatives, such as futures contracts, forwards and swaps, and invest in exchange-traded funds, or ETFs, to a significant extent. Derivatives and ETFs may provide more efficient and economical exposure to market segments than direct investments, and may also be a quicker and more efficient way to alter the portfolio’s exposure than buying and selling direct investments. In determining when and to what extent to enter into derivatives transactions or to invest in ETFs, the Adviser will consider factors such as the relative risks and returns expected of potential investments and the cost of such transactions. Derivatives
may also be used for hedging purposes, including to hedge against interest rate, credit and currency fluctuations. The Adviser also expects to use derivatives frequently to effectively leverage the Fund by creating aggregate exposure somewhat in excess of the Fund’s net assets. The notional value of derivatives and ETFs linked to emerging market securities or currencies are counted towards meeting the percentage minimums and ranges set forth above, including the requirement that the Fund invest at least 80% of its net assets in the securities of emerging market issuers and/or the currencies of emerging market countries.
ABIEX - Performance
Return Ranking - Trailing
| Period | ABIEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 14.9% | -14.4% | 32.8% | 4.57% |
| 1 Yr | 16.7% | -11.0% | 33.3% | 5.71% |
| 3 Yr | 1.7%* | -13.3% | 10.8% | 14.92% |
| 5 Yr | 3.4%* | -7.1% | 10.2% | 32.30% |
| 10 Yr | 4.3%* | -1.4% | 8.5% | 33.92% |
* Annualized
Return Ranking - Calendar
| Period | ABIEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 9.7% | -6.5% | 35.5% | 37.52% |
| 2022 | -25.3% | -50.1% | -2.4% | 60.38% |
| 2021 | -4.4% | -33.1% | 22.5% | 43.53% |
| 2020 | 10.9% | -22.1% | 80.1% | 72.59% |
| 2019 | 12.1% | -0.7% | 42.0% | 87.33% |
Total Return Ranking - Trailing
| Period | ABIEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 14.9% | -14.4% | 32.8% | 4.57% |
| 1 Yr | 16.7% | -11.0% | 33.3% | 5.71% |
| 3 Yr | 1.7%* | -13.3% | 10.8% | 14.92% |
| 5 Yr | 3.4%* | -7.1% | 10.2% | 32.30% |
| 10 Yr | 4.3%* | -1.4% | 8.5% | 33.92% |
* Annualized
Total Return Ranking - Calendar
| Period | ABIEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 16.9% | -1.0% | 42.0% | 15.83% |
| 2022 | -22.6% | -42.2% | 1.9% | 50.81% |
| 2021 | -1.1% | -32.5% | 33.1% | 49.30% |
| 2020 | 13.8% | -20.0% | 81.6% | 70.47% |
| 2019 | 18.3% | 2.3% | 42.0% | 69.26% |
NAV & Total Return History
ABIEX - Holdings
Concentration Analysis
| ABIEX | Category Low | Category High | ABIEX % Rank | |
|---|---|---|---|---|
| Net Assets | 131 M | 682 K | 111 B | 71.94% |
| Number of Holdings | 463 | 9 | 7534 | 14.39% |
| Net Assets in Top 10 | 35.9 M | 290 K | 23.8 B | 73.22% |
| Weighting of Top 10 | 26.82% | 2.9% | 101.1% | 79.46% |
Top 10 Holdings
- Taiwan Semiconductor Manufacturing Co Ltd 6.79%
- Tencent Holdings Ltd 4.49%
- Samsung Electronics Co Ltd 2.59%
- AB Fixed Income Shares, Inc. - Government Money Market Portfolio 2.27%
- Meituan 2.17%
- ICICI Bank Ltd 1.97%
- MediaTek Inc 1.79%
- Bajaj Auto Ltd 1.63%
- Colgate-Palmolive India Ltd 1.58%
- SK Telecom Co Ltd 1.54%
Asset Allocation
| Weighting | Return Low | Return High | ABIEX % Rank | |
|---|---|---|---|---|
| Stocks | 70.24% | 0.00% | 103.28% | 98.72% |
| Bonds | 26.18% | 0.00% | 95.13% | 0.85% |
| Cash | 2.93% | -2.03% | 98.08% | 24.79% |
| Other | 0.64% | -1.11% | 39.53% | 9.69% |
| Convertible Bonds | 0.01% | 0.00% | 7.40% | 1.72% |
| Preferred Stocks | 0.00% | 0.00% | 13.31% | 63.11% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | ABIEX % Rank | |
|---|---|---|---|---|
| Financial Services | 26.69% | 0.00% | 48.86% | 11.40% |
| Technology | 24.19% | 0.00% | 47.50% | 39.54% |
| Consumer Cyclical | 14.41% | 0.00% | 48.94% | 26.84% |
| Basic Materials | 10.23% | 0.00% | 30.03% | 28.14% |
| Utilities | 4.87% | 0.00% | 39.12% | 4.33% |
| Communication Services | 4.32% | 0.00% | 39.29% | 85.71% |
| Industrials | 3.97% | 0.00% | 43.53% | 78.64% |
| Energy | 3.75% | 0.00% | 24.80% | 55.56% |
| Consumer Defense | 3.39% | 0.00% | 25.90% | 86.58% |
| Real Estate | 2.88% | 0.00% | 17.15% | 19.91% |
| Healthcare | 1.28% | 0.00% | 16.53% | 88.74% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | ABIEX % Rank | |
|---|---|---|---|---|
| Non US | 67.24% | 0.00% | 100.52% | 91.45% |
| US | 3.00% | 0.00% | 100.95% | 83.62% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | ABIEX % Rank | |
|---|---|---|---|---|
| Government | 67.78% | 0.00% | 67.78% | 0.15% |
| Corporate | 30.22% | 0.00% | 100.00% | 5.82% |
| Cash & Equivalents | 2.41% | 0.00% | 100.00% | 29.49% |
| Derivative | 0.64% | -1.11% | 74.21% | 4.42% |
| Securitized | 0.00% | 0.00% | 23.79% | 13.39% |
| Municipal | 0.00% | 0.00% | 0.32% | 13.39% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | ABIEX % Rank | |
|---|---|---|---|---|
| US | 25.07% | 0.00% | 88.30% | 0.85% |
| Non US | 1.11% | 0.00% | 64.37% | 3.56% |
ABIEX - Expenses
Operational Fees
| ABIEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.51% | 0.03% | 29.98% | 37.43% |
| Management Fee | 0.85% | 0.00% | 2.00% | 42.94% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.85% | N/A |
Sales Fees
| ABIEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| ABIEX 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.
| ABIEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 81.00% | 0.00% | 189.00% | 79.96% |
ABIEX - Distributions
Dividend Yield Analysis
| ABIEX | Category Low | Category High | ABIEX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 10.64% | 0.00% | 9.74% | 1.85% |
Dividend Distribution Analysis
| ABIEX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
| ABIEX | Category Low | Category High | ABIEX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.46% | -1.98% | 17.62% | 3.99% |
Capital Gain Distribution Analysis
| ABIEX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 04, 2024 | $0.226 | OrdinaryDividend |
| Sep 11, 2024 | $0.114 | OrdinaryDividend |
| Mar 06, 2024 | $0.032 | OrdinaryDividend |
| Dec 06, 2023 | $0.303 | OrdinaryDividend |
| Sep 06, 2023 | $0.095 | OrdinaryDividend |
| Jun 07, 2023 | $0.064 | OrdinaryDividend |
| Mar 08, 2023 | $0.020 | OrdinaryDividend |
| Dec 07, 2022 | $0.047 | OrdinaryDividend |
| Sep 07, 2022 | $0.122 | OrdinaryDividend |
| Jun 08, 2022 | $0.071 | OrdinaryDividend |
| Mar 09, 2022 | $0.035 | OrdinaryDividend |
| Dec 08, 2021 | $0.132 | OrdinaryDividend |
| Sep 08, 2021 | $0.121 | OrdinaryDividend |
| Jun 09, 2021 | $0.060 | OrdinaryDividend |
| Mar 10, 2021 | $0.034 | OrdinaryDividend |
| Dec 09, 2020 | $0.085 | OrdinaryDividend |
| Sep 09, 2020 | $0.073 | OrdinaryDividend |
| Jun 10, 2020 | $0.039 | OrdinaryDividend |
| Mar 11, 2020 | $0.039 | OrdinaryDividend |
| Dec 11, 2019 | $0.264 | OrdinaryDividend |
| Sep 11, 2019 | $0.102 | OrdinaryDividend |
| Jun 12, 2019 | $0.079 | OrdinaryDividend |
| Mar 13, 2019 | $0.033 | OrdinaryDividend |
| Dec 12, 2018 | $0.266 | OrdinaryDividend |
| Sep 12, 2018 | $0.131 | OrdinaryDividend |
| Jun 13, 2018 | $0.058 | OrdinaryDividend |
| Mar 14, 2018 | $0.028 | OrdinaryDividend |
| Dec 13, 2017 | $0.175 | OrdinaryDividend |
| Sep 13, 2017 | $0.110 | OrdinaryDividend |
| Jun 14, 2017 | $0.055 | OrdinaryDividend |
| Mar 15, 2017 | $0.036 | OrdinaryDividend |
| Dec 14, 2016 | $0.217 | OrdinaryDividend |
| Sep 14, 2016 | $0.079 | OrdinaryDividend |
| Jun 15, 2016 | $0.073 | OrdinaryDividend |
| Mar 16, 2016 | $0.025 | OrdinaryDividend |
| Dec 16, 2015 | $0.101 | OrdinaryDividend |
| Sep 16, 2015 | $0.117 | OrdinaryDividend |
| Jun 17, 2015 | $0.086 | OrdinaryDividend |
| Mar 18, 2015 | $0.023 | OrdinaryDividend |
| Dec 17, 2014 | $0.346 | OrdinaryDividend |
| Jun 18, 2014 | $0.059 | OrdinaryDividend |
| Dec 18, 2013 | $0.154 | OrdinaryDividend |
| Aug 27, 2013 | $0.046 | ExtraDividend |
| Dec 13, 2012 | $0.195 | OrdinaryDividend |
| Dec 21, 2011 | $0.013 | OrdinaryDividend |
ABIEX - Fund Manager Analysis
Managers
Morgan Harting
Start Date
Tenure
Tenure Rank
Aug 31, 2011
10.76
10.8%
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).
Henry D'Auria
Start Date
Tenure
Tenure Rank
Aug 31, 2011
10.76
10.8%
Henry D'Auria, CFA is a Portfolio Manager at AllianceBernstein and has been with the firm since 1991. Mr. D'Auria is the Chief Investment Officer of Emerging Markets Value Equities, a position he has held since 2002, and Portfolio Manager for the Next 50 Emerging Markets Fund. Mr. D'Auria holds a B.A. in economics from Trinity College and is a CFA charterholder.
Christian DiClementi
Start Date
Tenure
Tenure Rank
Oct 06, 2021
0.65
0.7%
Christian DiClementi is a Vice President and Portfolio Manager at AB, focusing on local-currency emerging-market debt portfolios. He is a member of the Emerging Market Debt and Global Fixed Income portfolio-management teams, and a member of the Emerging Market Debt Research Review team. Prior to joining the Emerging Market Debt portfolio-management team in early 2013, DiClementi served as a member of the Economic Research Group, focusing mainly on sovereign fundamental research for the Caribbean, Central American and Latin American regions. Previously, he worked as an analyst in the firm’s Quantitative Research Group, focusing primarily on global sovereign return and risk modeling. DiClementi joined AB in 2003 as an associate portfolio manager, responsible for New York–based municipal bond accounts. He holds a BS in mathematics (summa cum laude) from Fairfield University. Location: New York
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 33.71 | 6.68 | 13.42 |
