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AB LARGE CAP GROWTH FUND INC
ABPRX (Mutual Fund)
AB LARGE CAP GROWTH FUND INC
Name
As of 12/24/2024Price
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
28.7%
1 yr return
28.7%
3 Yr Avg Return
7.0%
5 Yr Avg Return
15.8%
Net Assets
$26.4 B
Holdings in Top 10
52.9%
52 WEEK LOW AND HIGH
$89.7
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.23%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 25.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
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
ABPRX - Profile
Distributions
- YTD Total Return 28.7%
- 3 Yr Annualized Total Return 7.0%
- 5 Yr Annualized Total Return 15.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.73%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameAB LARGE CAP GROWTH FUND INC
-
Fund Family NameALLIANCEBE
-
Inception DateFeb 09, 2004
-
Shares OutstandingN/A
-
Share ClassR
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJohn Fogarty
Fund Description
The Fund invests primarily in equity securities of a limited number of large, carefully selected, high-quality U.S. companies. The Fund invests primarily in the domestic equity securities of companies selected by the Fund’s Adviser for their growth potential within various market sectors. The Fund emphasizes investments in large, seasoned companies. Under normal circumstances, the Fund will invest at least 80% of its net assets in common stocks of large-capitalization companies.
For these purposes, “large-capitalization companies” are those that, at the time of investment, have market capitalizations within the range of market capitalizations of companies appearing in the Russell 1000® Growth Index. While the market capitalizations of companies in the Russell 1000® Growth Index ranged from approximately $500 million to $3.3 trillion as of June 30, 2024, the Fund normally will invest in common stocks of companies with market capitalizations of at least $5 billion at the time of purchase.
The Adviser expects that normally the Fund’s portfolio will tend to emphasize investments in securities issued by U.S. companies, although it may invest in foreign securities.
The investment team allocates the Fund’s investments among broad sector groups based on the fundamental company research conducted by the Adviser’s internal research staff, assessing the current and forecasted investment opportunities and conditions, as well as diversification and risk considerations. The investment team may vary the percentage allocations among market sectors and may change the market sectors in which the Fund invests as companies’ potential for growth within a sector matures and new trends for growth emerge.
The Adviser’s research focus is in companies with high sustainable growth prospects, high or improving return on invested capital, transparent business models, and strong and lasting competitive advantages.
The Fund may, at times, invest in shares of exchange-traded funds (“ETFs”) in lieu of making direct investments in securities. ETFs may provide more efficient and economical exposure to the types of companies and geographic locations in which the Fund seeks to invest than direct investments.
The Fund may enter into derivatives transactions, such as options, futures contracts, forwards and swaps. The Fund may use options strategies involving the purchase and/or writing of various combinations of call and/or put options, including on individual securities and stock indices, futures contracts (including futures contracts on individual securities and stock indices) or shares of ETFs. These transactions may be used, for example, in an effort to earn extra income, to adjust exposure to individual securities or markets, or to protect all or a portion of the Fund’s portfolio from a decline in value, sometimes within certain ranges.
ABPRX - Performance
Return Ranking - Trailing
| Period | ABPRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 28.7% | -5.9% | 58.1% | 66.55% |
| 1 Yr | 28.7% | -3.8% | 58.7% | 66.73% |
| 3 Yr | 7.0%* | -24.7% | 27.3% | 64.44% |
| 5 Yr | 15.8%* | -14.9% | 31.1% | 49.85% |
| 10 Yr | 15.2%* | -5.6% | 22.1% | 26.08% |
* Annualized
Return Ranking - Calendar
| Period | ABPRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 31.5% | -74.1% | 72.4% | 53.19% |
| 2022 | -29.9% | -85.9% | 4.7% | 27.34% |
| 2021 | 17.2% | -52.4% | 60.5% | 22.08% |
| 2020 | 29.5% | -34.3% | 145.0% | 40.16% |
| 2019 | 28.2% | -6.9% | 49.4% | 31.19% |
Total Return Ranking - Trailing
| Period | ABPRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 28.7% | -5.9% | 58.1% | 66.55% |
| 1 Yr | 28.7% | -3.8% | 58.7% | 66.73% |
| 3 Yr | 7.0%* | -24.7% | 27.3% | 64.44% |
| 5 Yr | 15.8%* | -14.9% | 31.1% | 49.85% |
| 10 Yr | 15.2%* | -5.6% | 22.1% | 26.08% |
* Annualized
Total Return Ranking - Calendar
| Period | ABPRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 34.1% | -4.6% | 72.4% | 63.50% |
| 2022 | -29.2% | -61.7% | 5.6% | 38.65% |
| 2021 | 28.0% | -39.8% | 118.1% | 13.19% |
| 2020 | 33.5% | 2.8% | 149.2% | 55.77% |
| 2019 | 33.3% | -5.2% | 49.4% | 48.42% |
NAV & Total Return History
ABPRX - Holdings
Concentration Analysis
| ABPRX | Category Low | Category High | ABPRX % Rank | |
|---|---|---|---|---|
| Net Assets | 26.4 B | 296 K | 317 B | 8.88% |
| Number of Holdings | 51 | 2 | 3061 | 61.80% |
| Net Assets in Top 10 | 14.6 B | 126 K | 150 B | 9.53% |
| Weighting of Top 10 | 52.85% | 0.7% | 205.0% | 52.41% |
Top 10 Holdings
- NVIDIA Corp 10.02%
- Microsoft Corp 8.62%
- Amazon.com Inc 6.04%
- Meta Platforms Inc 5.57%
- Alphabet Inc 5.39%
- Visa Inc 4.60%
- Netflix Inc 3.62%
- Costco Wholesale Corp 3.29%
- Eli Lilly Co 2.96%
- Home Depot Inc/The 2.75%
Asset Allocation
| Weighting | Return Low | Return High | ABPRX % Rank | |
|---|---|---|---|---|
| Stocks | 99.09% | 0.00% | 123.52% | 46.46% |
| Cash | 0.94% | 0.00% | 173.52% | 51.27% |
| Other | 0.00% | -36.56% | 42.58% | 25.14% |
| Preferred Stocks | 0.00% | 0.00% | 8.45% | 22.69% |
| Convertible Bonds | 0.00% | 0.00% | 1.94% | 10.55% |
| Bonds | 0.00% | 0.00% | 102.71% | 12.98% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | ABPRX % Rank | |
|---|---|---|---|---|
| Technology | 34.55% | 0.00% | 65.70% | 56.00% |
| Healthcare | 23.18% | 0.00% | 39.76% | 2.09% |
| Consumer Cyclical | 15.54% | 0.00% | 62.57% | 51.73% |
| Communication Services | 10.04% | 0.00% | 66.40% | 54.36% |
| Consumer Defense | 5.63% | 0.00% | 25.50% | 19.73% |
| Financial Services | 5.55% | 0.00% | 43.06% | 83.73% |
| Industrials | 4.58% | 0.00% | 30.65% | 66.18% |
| Basic Materials | 0.94% | 0.00% | 18.91% | 58.82% |
| Utilities | 0.00% | 0.00% | 16.07% | 35.73% |
| Real Estate | 0.00% | 0.00% | 16.05% | 70.82% |
| Energy | 0.00% | 0.00% | 41.09% | 58.45% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | ABPRX % Rank | |
|---|---|---|---|---|
| US | 99.09% | 0.00% | 123.52% | 36.48% |
| Non US | 0.00% | 0.00% | 75.46% | 36.93% |
ABPRX - Expenses
Operational Fees
| ABPRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.23% | 0.01% | 28.71% | 28.51% |
| Management Fee | 0.47% | 0.00% | 1.50% | 23.86% |
| 12b-1 Fee | 0.50% | 0.00% | 1.00% | 63.67% |
| Administrative Fee | N/A | 0.01% | 1.02% | N/A |
Sales Fees
| ABPRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 8.50% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| ABPRX 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.
| ABPRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 25.00% | 0.00% | 316.74% | 34.43% |
ABPRX - Distributions
Dividend Yield Analysis
| ABPRX | Category Low | Category High | ABPRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 27.58% | 47.87% |
Dividend Distribution Analysis
| ABPRX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | SemiAnnual | SemiAnnual |
Net Income Ratio Analysis
| ABPRX | Category Low | Category High | ABPRX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.73% | -6.13% | 3.48% | 77.74% |
Capital Gain Distribution Analysis
| ABPRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 10, 2024 | $7.136 | CapitalGainLongTerm |
| Dec 05, 2023 | $1.439 | CapitalGainLongTerm |
| Dec 06, 2022 | $0.605 | CapitalGainLongTerm |
| Dec 07, 2021 | $2.391 | OrdinaryDividend |
| Oct 11, 2021 | $4.709 | OrdinaryDividend |
| Dec 08, 2020 | $2.146 | CapitalGainLongTerm |
| Dec 10, 2019 | $0.064 | CapitalGainShortTerm |
| Dec 10, 2019 | $2.034 | CapitalGainLongTerm |
| Dec 11, 2018 | $0.317 | CapitalGainShortTerm |
| Dec 11, 2018 | $4.114 | CapitalGainLongTerm |
| Dec 13, 2017 | $1.954 | CapitalGainLongTerm |
| Dec 14, 2016 | $1.034 | CapitalGainLongTerm |
| Dec 16, 2015 | $0.114 | CapitalGainShortTerm |
| Dec 16, 2015 | $3.379 | CapitalGainLongTerm |
| Dec 17, 2014 | $0.164 | CapitalGainShortTerm |
| Dec 17, 2014 | $5.564 | CapitalGainLongTerm |
| Dec 16, 2013 | $1.609 | CapitalGainLongTerm |
ABPRX - Fund Manager Analysis
Managers
John Fogarty
Start Date
Tenure
Tenure Rank
Feb 16, 2012
10.29
10.3%
John H. Fogarty is a Senior Vice President and Co-Chief Investment Officer for US Growth Equities. He rejoined the firm in 2006 as a fundamental research analyst covering consumer-discretionary stocks in the US, having previously spent nearly three years as a hedge fund manager at Dialectic Capital Management and Vardon Partners. Fogarty began his career at AB in 1988, performing quantitative research, and joined the US Large Cap Growth team as a generalist and quantitative analyst in 1995. He became a portfolio manager in 1997. Fogarty holds a BA in history from Columbia University and is a CFA charterholder. Location: New York
Frank Caruso
Start Date
Tenure
Tenure Rank
Feb 16, 2012
10.29
10.3%
Frank Caruso is a Senior Vice President and Chief Investment Officer of US Growth Equities since 2012. He joined the firm in 1993, when it acquired Shields Asset Management, where he had been director of Equities. Previously, he was a managing director and senior member of the Investment Policy Committee at Shearson Lehman Advisors.He holds a BA in business economics from the State University of New York, Oneonta, and is a member of the New York Society of Security Analysts and the CFA Institute. He is a CFA charterholder. Location: New York
Vinay Thapar
Start Date
Tenure
Tenure Rank
Apr 11, 2018
4.14
4.1%
Vinay Thapar is a Senior Vice President and Co-Chief Investment Officer for US Growth Equities and a Portfolio Manager for the Global Healthcare Strategy. He is also a Senior Research Analyst, responsible for covering global healthcare. Before joining the firm in 2011, Thapar spent three years at American Century Investments as a senior investment analyst responsible for healthcare. Prior to that, he worked for eight years at Bear Stearns in the Biotech Equity Research Group, most recently as an associate director. Thapar holds a BA in biology from New York University and is a CFA charterholder. Location: New York
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 54.45 | 8.25 | 3.08 |
