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Trending ETFs

AB International Value Fund

mutual fund
ABIAX
Payout Change
Pending
Price as of:
$15.68 -0.01 -0.06%
primary theme
International Large-Cap Value Equity
ABIAX (Mutual Fund)

AB International Value Fund

Payout Change
Pending
Price as of:
$15.68 -0.01 -0.06%
primary theme
International Large-Cap Value Equity
ABIAX (Mutual Fund)

AB International Value Fund

Payout Change
Pending
Price as of:
$15.68 -0.01 -0.06%
primary theme
International Large-Cap Value Equity

Name

As of 05/20/2024

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

$15.68

$111 M

1.06%

$0.17

1.74%

Vitals

YTD Return

9.3%

1 yr return

11.5%

3 Yr Avg Return

3.6%

5 Yr Avg Return

7.0%

Net Assets

$111 M

Holdings in Top 10

27.9%

52 WEEK LOW AND HIGH

$15.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.74%

SALES FEES

Front Load 4.25%

Deferred Load N/A

TRADING FEES

Turnover 45.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$2,500


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 05/20/2024

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

$15.68

$111 M

1.06%

$0.17

1.74%

ABIAX - Profile

Distributions

  • YTD Total Return 9.3%
  • 3 Yr Annualized Total Return 3.6%
  • 5 Yr Annualized Total Return 7.0%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.10%
DIVIDENDS
  • Dividend Yield 1.1%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    AB International Value Fund
  • Fund Family Name
    ALLIANCEBE
  • Inception Date
    May 06, 2002
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Avi Lavi

Fund Description

The Fund invests primarily in a diversified portfolio of equity securities of established companies selected from more than 40 industries and more than 40 developed and emerging market countries. These countries currently include the developed nations in Europe and the Far East, Canada, Australia and emerging market countries worldwide. Under normal market conditions, the Fund invests significantly (at least 40%—unless market conditions are not deemed favorable by the Adviser) in securities of non-U.S. companies. In addition, the Fund invests, under normal circumstances, in the equity securities of companies located in at least three countries.
The Fund invests in companies that are determined by the Adviser to be undervalued, using a fundamental value approach. In selecting securities for the Fund’s portfolio, the Adviser uses its fundamental and quantitative research to identify companies whose stocks are priced low in relation to their perceived long-term earnings power.
The Adviser’s fundamental analysis depends heavily upon its large internal research staff. The research staff begins with a global research universe of international and emerging market companies. Teams within the research staff cover a given industry worldwide to better understand each company’s competitive position in a global context. The Adviser typically projects a company’s financial performance over a full economic cycle, including a trough and a peak, within the context of forecasts for real economic growth, inflation and interest rate changes. The Adviser focuses on the valuation implied by the current price, relative to the earnings the company will be generating five years from now, or “normalized” earnings, assuming average mid-economic cycle growth for the fifth year.
The Fund’s management team and other senior investment professionals work in close collaboration to weigh each investment opportunity identified by the research staff relative to the entire portfolio and determine the timing and position size for purchases and sales. Analysts remain responsible for monitoring new developments that would affect the securities they cover. The team will generally sell a security when it no longer meets appropriate valuation criteria, although sales may be delayed when positive return trends are favorable.
Currencies can have a dramatic impact on equity returns, significantly adding to returns in some years and greatly diminishing them in others. The Adviser evaluates currency and equity positions separately and may seek to hedge the currency exposure resulting from securities positions when it finds the currency exposure unattractive. To hedge a portion of its currency risk, the Fund may from time to time invest in currency-related derivatives, including forward currency exchange contracts, futures contracts, options on futures contracts, swaps and options. The Adviser may also seek investment opportunities by taking long or short positions in currencies through the use of currency-related derivatives.
The Fund may enter into other 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 exchange-traded funds (“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.
The Fund may, at times, invest in shares of ETFs in lieu of making direct investments in equity securities. ETFs may provide more efficient and economical exposure to the type of companies and geographic locations in which the Fund seeks to invest than direct
investments. The Fund may invest in depositary receipts, instruments of supranational entities denominated in the currency of any country, securities of multinational companies and “semi-governmental securities”, and enter into forward commitments.
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ABIAX - Performance

Return Ranking - Trailing

Period ABIAX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.3% 0.9% 14.7% 35.87%
1 Yr 11.5% 2.9% 27.8% 87.30%
3 Yr 3.6%* -3.6% 76.2% 68.32%
5 Yr 7.0%* 0.6% 47.4% 69.86%
10 Yr 2.8%* -0.5% 22.0% 78.82%

* Annualized

Return Ranking - Calendar

Period ABIAX Return Category Return Low Category Return High Rank in Category (%)
2023 13.5% 1.0% 26.9% 44.90%
2022 -11.9% -22.8% 166.1% 37.66%
2021 7.9% -66.6% 64.4% 45.54%
2020 1.3% -23.1% 17.3% 40.48%
2019 15.2% 4.4% 31.6% 41.99%

Total Return Ranking - Trailing

Period ABIAX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.3% 0.9% 14.7% 35.87%
1 Yr 11.5% 2.9% 27.8% 87.30%
3 Yr 3.6%* -3.6% 76.2% 68.32%
5 Yr 7.0%* 0.6% 47.4% 69.86%
10 Yr 2.8%* -0.5% 22.0% 78.82%

* Annualized

Total Return Ranking - Calendar

Period ABIAX Return Category Return Low Category Return High Rank in Category (%)
2023 14.9% 5.4% 31.0% 80.57%
2022 -10.8% -19.9% 344.3% 60.71%
2021 10.8% -0.2% 75.3% 63.70%
2020 2.0% -20.4% 18.9% 51.90%
2019 16.5% 11.2% 32.1% 71.17%

NAV & Total Return History


ABIAX - Holdings

Concentration Analysis

ABIAX Category Low Category High ABIAX % Rank
Net Assets 111 M 2.04 M 46.7 B 86.98%
Number of Holdings 133 2 3900 40.32%
Net Assets in Top 10 30.9 M 485 K 14 B 84.13%
Weighting of Top 10 27.90% 6.0% 100.0% 41.72%

Top 10 Holdings

  1. AB Fixed Income Shares, Inc. - Government Money Market Portfolio 3.89%
  2. Shell PLC 3.37%
  3. Roche Holding AG 3.00%
  4. AB Fixed Income Shares, Inc. - Government Money Market Portfolio 2.90%
  5. Nestle SA 2.82%
  6. Tokyo Electron Ltd 2.53%
  7. NatWest Group PLC 2.43%
  8. Airbus SE 2.37%
  9. Sanofi SA 2.36%
  10. Stellantis NV 2.24%

Asset Allocation

Weighting Return Low Return High ABIAX % Rank
Stocks
96.70% 1.01% 104.96% 60.95%
Cash
6.79% 0.00% 17.09% 4.76%
Other
0.12% -1.99% 38.17% 28.25%
Preferred Stocks
0.00% 0.00% 4.99% 75.87%
Convertible Bonds
0.00% 0.00% 0.15% 52.06%
Bonds
0.00% 0.00% 73.30% 54.92%

Stock Sector Breakdown

Weighting Return Low Return High ABIAX % Rank
Financial Services
17.84% 0.00% 42.76% 70.83%
Consumer Cyclical
15.70% 0.00% 27.46% 11.86%
Consumer Defense
14.76% 0.00% 25.99% 6.41%
Industrials
12.94% 1.03% 36.79% 56.09%
Basic Materials
8.48% 0.00% 30.76% 50.96%
Healthcare
7.75% 0.00% 23.28% 72.12%
Technology
6.37% 0.00% 24.16% 54.49%
Energy
5.05% 0.00% 26.59% 73.40%
Communication Services
4.91% 0.00% 22.75% 74.04%
Utilities
3.54% 0.00% 27.46% 41.99%
Real Estate
2.65% 0.00% 17.06% 29.81%

Stock Geographic Breakdown

Weighting Return Low Return High ABIAX % Rank
Non US
92.00% 0.00% 100.56% 48.25%
US
4.70% 0.00% 99.97% 46.67%

ABIAX - Expenses

Operational Fees

ABIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.74% 0.01% 7.03% 13.33%
Management Fee 0.75% 0.00% 1.25% 69.11%
12b-1 Fee 0.25% 0.00% 1.00% 47.02%
Administrative Fee N/A 0.03% 0.47% N/A

Sales Fees

ABIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.25% 3.50% 5.75% 89.74%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

ABIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 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.

ABIAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 45.00% 2.00% 158.16% 57.82%

ABIAX - Distributions

Dividend Yield Analysis

ABIAX Category Low Category High ABIAX % Rank
Dividend Yield 1.06% 0.00% 13.19% 95.54%

Dividend Distribution Analysis

ABIAX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

ABIAX Category Low Category High ABIAX % Rank
Net Income Ratio 2.10% 0.18% 7.85% 61.31%

Capital Gain Distribution Analysis

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

Distributions History

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ABIAX - Fund Manager Analysis

Managers

Avi Lavi


Start Date

Tenure

Tenure Rank

Mar 01, 2012

10.25

10.3%

Avi Lavi, an AllianceBernstein Partner, was appointed Chief Investment Officer of Global and International Value Equities in March 2016 and has also been Portfolio Manager for Global Research Insights since May 2016. Mr. Lavi has been a member of the Cross Border team since early 2012. Previously, Mr. Lavi served as co-CIO of Global Value Equities and global director of Value Research. From 2006 to 2012, he was CIO of UK and European Value Equities, and director of research for UK and European Value Equities from 2000 to 2006. Lavi holds a BA from Bar-Ilan University and an MBA from NYU.

Tawhid Ali


Start Date

Tenure

Tenure Rank

Jun 30, 2016

5.92

5.9%

Tawhid Ali was appointed Portfolio Manager of Global and International Value Equities in March 2016 and has also been Portfolio Manager for Global Research Insights since May 2016. Mr. Ali has also served as Chief Investment Officer of European Value Equities since 2012 and became the division's Director of Research in 2008. Ali was previously a research analyst covering retail and leisure stocks in Europe. Prior to joining the firm in 2003, he worked in the New York and London offices of McKinsey as an engagement manager. Ali holds an AB from Harvard University and an MBA from the University of Chicago.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.2 29.68 7.89 4.04