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Trending ETFs

AB GLOBAL REAL ESTATE INVESTMENT FUND, INC.

mutual fund
AEEIX
Payout Change
Pending
Price as of:
$15.01 -0.11 -0.73%
primary theme
International Real Estate
AEEIX (Mutual Fund)

AB GLOBAL REAL ESTATE INVESTMENT FUND, INC.

Payout Change
Pending
Price as of:
$15.01 -0.11 -0.73%
primary theme
International Real Estate
AEEIX (Mutual Fund)

AB GLOBAL REAL ESTATE INVESTMENT FUND, INC.

Payout Change
Pending
Price as of:
$15.01 -0.11 -0.73%
primary theme
International Real Estate

Name

As of 11/01/2024

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

$15.01

$55.3 M

2.79%

$0.43

1.42%

Vitals

YTD Return

6.6%

1 yr return

20.8%

3 Yr Avg Return

-3.1%

5 Yr Avg Return

1.0%

Net Assets

$55.3 M

Holdings in Top 10

35.2%

52 WEEK LOW AND HIGH

$15.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.42%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 45.00%

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 11/01/2024

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

$15.01

$55.3 M

2.79%

$0.43

1.42%

AEEIX - Profile

Distributions

  • YTD Total Return 6.6%
  • 3 Yr Annualized Total Return -3.1%
  • 5 Yr Annualized Total Return 1.0%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.41%
DIVIDENDS
  • Dividend Yield 2.8%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    AB GLOBAL REAL ESTATE INVESTMENT FUND, INC.
  • Fund Family Name
    ALLIANCEBE
  • Inception Date
    Mar 07, 2005
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Eric Franco

Fund Description

Under normal circumstances, the Fund invests at least 80% of its net assets in the equity securities of real estate investment trusts, or REITs, and other real estate industry companies, such as real estate operating companies, or REOCs. The Fund invests in real estate companies that the Adviser believes have strong property fundamentals and management teams. The Fund seeks to invest in real estate companies whose underlying portfolios are diversified geographically and by property type.
The Fund invests in U.S. and non-U.S. issuers. Under normal circumstances, 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. Equity securities include common stock, shares of beneficial interest of REITs, and securities with common stock characteristics, such as preferred stock or convertible securities (“real estate equity securities”).
The Fund’s investment policies emphasize investments in companies determined by the Adviser to be undervalued relative to their peers, using a fundamental value approach. In selecting real estate equity securities, the Adviser’s research and investment process seeks to identify globally those companies where the magnitude and growth of cash flow streams have not been appropriately reflected in the price of the security. These securities may trade at a more attractive valuation than others that may have similar overall fundamentals. The Adviser’s fundamental research efforts are focused on forecasting the short and long-term normalized cash generation capability of real estate companies by isolating supply and demand for property types in local markets, determining the replacement value of properties, assessing future development opportunities, and normalizing capital structures of real estate companies.
Currencies can have a dramatic impact on equity return, 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 also may seek investment opportunities by taking long or short positions in currencies through the use of currency-related derivatives.
The Fund may enter into forward commitments and standby commitment agreements. 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.
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AEEIX - Performance

Return Ranking - Trailing

Period AEEIX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.6% -8.5% 21.3% 38.07%
1 Yr 20.8% -8.9% 38.8% 34.66%
3 Yr -3.1%* -17.0% 18.0% 33.73%
5 Yr 1.0%* -10.5% 15.8% 44.85%
10 Yr 4.0%* -2.5% 11.0% 38.39%

* Annualized

Return Ranking - Calendar

Period AEEIX Return Category Return Low Category Return High Rank in Category (%)
2023 9.9% -16.8% 16.7% 11.49%
2022 -27.2% -39.5% 4.5% 32.54%
2021 22.8% -0.9% 30.7% 24.85%
2020 -6.2% -20.7% 13.7% 47.88%
2019 15.8% 1.0% 26.5% 46.95%

Total Return Ranking - Trailing

Period AEEIX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.6% -8.5% 21.3% 38.07%
1 Yr 20.8% -8.9% 38.8% 34.66%
3 Yr -3.1%* -17.0% 18.0% 33.73%
5 Yr 1.0%* -10.5% 15.8% 44.85%
10 Yr 4.0%* -2.5% 11.0% 38.39%

* Annualized

Total Return Ranking - Calendar

Period AEEIX Return Category Return Low Category Return High Rank in Category (%)
2023 11.9% -14.6% 23.4% 25.86%
2022 -25.6% -39.5% 10.1% 42.60%
2021 25.9% 5.7% 101.8% 57.58%
2020 -5.1% -17.8% 14.7% 61.21%
2019 23.2% 4.3% 37.2% 59.15%

NAV & Total Return History


AEEIX - Holdings

Concentration Analysis

AEEIX Category Low Category High AEEIX % Rank
Net Assets 55.3 M 4.27 M 7.48 B 83.82%
Number of Holdings 101 5 691 24.43%
Net Assets in Top 10 19.4 M 1.9 M 4.55 B 84.66%
Weighting of Top 10 35.19% 20.1% 64.5% 78.29%

Top 10 Holdings

  1. Prologis Inc 6.55%
  2. Equinix Inc 4.79%
  3. Welltower Inc 3.91%
  4. Simon Property Group Inc 3.26%
  5. Public Storage 3.17%
  6. Digital Realty Trust Inc 2.89%
  7. Mid-America Apartment Communities Inc 2.85%
  8. UDR Inc 2.61%
  9. VICI Properties Inc 2.59%
  10. Mitsui Fudosan Co Ltd 2.57%

Asset Allocation

Weighting Return Low Return High AEEIX % Rank
Stocks
99.63% 3.01% 126.54% 9.66%
Cash
2.21% 0.00% 11.23% 37.50%
Other
0.02% -33.49% 99.87% 25.57%
Preferred Stocks
0.00% 0.00% 7.25% 16.48%
Convertible Bonds
0.00% 0.00% 0.07% 13.71%
Bonds
0.00% 0.00% 22.09% 13.64%

Stock Sector Breakdown

Weighting Return Low Return High AEEIX % Rank
Real Estate
95.66% 72.53% 100.00% 80.12%
Basic Materials
1.63% 0.00% 1.63% 2.92%
Industrials
1.20% 0.00% 4.91% 9.94%
Communication Services
0.91% 0.00% 10.08% 40.94%
Consumer Cyclical
0.60% 0.00% 13.03% 47.95%
Utilities
0.00% 0.00% 0.96% 12.87%
Technology
0.00% 0.00% 4.92% 45.61%
Healthcare
0.00% 0.00% 1.54% 23.98%
Financial Services
0.00% 0.00% 9.53% 28.65%
Energy
0.00% 0.00% 0.11% 11.11%
Consumer Defense
0.00% 0.00% 0.18% 12.87%

Stock Geographic Breakdown

Weighting Return Low Return High AEEIX % Rank
US
63.86% 0.00% 102.76% 37.50%
Non US
35.77% 0.00% 98.87% 39.77%

AEEIX - Expenses

Operational Fees

AEEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.42% 0.10% 36.96% 43.18%
Management Fee 0.55% 0.09% 1.50% 11.43%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.25% N/A

Sales Fees

AEEIX 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% 4.00% N/A

Trading Fees

AEEIX 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.

AEEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 45.00% 1.00% 165.00% 40.00%

AEEIX - Distributions

Dividend Yield Analysis

AEEIX Category Low Category High AEEIX % Rank
Dividend Yield 2.79% 0.00% 5.52% 76.14%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

AEEIX Category Low Category High AEEIX % Rank
Net Income Ratio 1.41% -0.23% 3.84% 48.26%

Capital Gain Distribution Analysis

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

Distributions History

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AEEIX - Fund Manager Analysis

Managers

Eric Franco


Start Date

Tenure

Tenure Rank

Feb 16, 2012

10.29

10.3%

Eric J. Franco was appointed Portfolio Manager of Global Real Estate Securities in 2012. He also serves on the portfolio management team for Global and International Value Equities, a position he has held since joining the firm in 1998. Prior to that, Franco was an actuary in the consulting practice at Kwasha Lipton for 16 years, working with large multinationals on the design and funding of their pension and other employee benefits plans. He earned a BA in economics from Georgetown University and is a CFA charterholder. Location: New York

Ajit Ketkar


Start Date

Tenure

Tenure Rank

Feb 28, 2017

5.25

5.3%

Ajit Ketkar is a Portfolio Manager for Global Real Estate Securities, responsible for research coverage of real estate companies in the United States. Prior to joining the portfolio-management team, he was a senior research analyst responsible for covering real estate and financial companies. Before joining AB in 2007, Ketkar was a first vice president of retail distribution strategy at Washington Mutual Bank. Prior to that, he was a consultant with Boston Consulting Group and a manager at ICICI Bank in India. Ketkar holds a BE in computer science from the University of Bombay; a post-graduate diploma in management from the Indian Institute of Management, Calcutta; and an MBA from the University of Chicago Booth School of Business. Location: New York

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 20.42 7.15 10.42