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AB Concentrated International Growth Portfolio
mutual fund
CICGX
Payout Change
Suspended
Price as of:
$10.53
+0.0
+0.0%
primary theme
International Large-Cap Growth Equity
share class
CICGX (Mutual Fund)
AB Concentrated International Growth Portfolio
Payout Change
Suspended
Price as of:
$10.53
+0.0
+0.0%
primary theme
International Large-Cap Growth Equity
share class
CICGX (Mutual Fund)
AB Concentrated International Growth Portfolio
Payout Change
Suspended
Price as of:
$10.53
+0.0
+0.0%
primary theme
International Large-Cap Growth Equity
share class
Name
As of 10/02/2024Price
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
7.6%
1 yr return
19.4%
3 Yr Avg Return
-8.2%
5 Yr Avg Return
0.6%
Net Assets
$174 M
Holdings in Top 10
49.0%
52 WEEK LOW AND HIGH
$10.5
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.90%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 25.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$2,500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/02/2024Price
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
CICGX - Profile
Distributions
- YTD Total Return 7.6%
- 3 Yr Annualized Total Return -8.2%
- 5 Yr Annualized Total Return 0.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.66%
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameAB Concentrated International Growth Portfolio
-
Fund Family NameALLIANCEBE
-
Inception DateApr 15, 2015
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMark Phelps
Fund Description
The Adviser seeks to achieve the Fund’s investment objective by investing, under normal circumstances, primarily in common stocks of non-U.S. companies, and in companies in at least three countries other than the United States.
The Fund invests in companies that are determined by the Adviser to offer favorable long-term growth potential and that are trading at attractive valuations. The Adviser employs an appraisal method which attempts to measure each prospective company’s quality and growth rate by numerous factors. Such factors include: a company’s record and projections of profit and earnings growth, accuracy and availability of information with respect to the company, success and experience of management, accessibility of management to the Adviser, product lines and competitive position both in the United States and abroad, lack of cyclicality, large market capitalization and liquidity of the company’s securities. The Adviser compares these results to the characteristics of the general stock markets to determine the relative attractiveness of each company at a given time. The Adviser weighs economic, political and market factors in making investment decisions; this appraisal technique attempts to measure each investment candidate not only against other stocks of the same industry and region, but also against a broad spectrum of investments.
The Fund invests in a relatively small number of individual stocks, generally 25 to 35 companies. The Fund primarily invests in mid- and large-capitalization companies, which are currently defined for the Fund as companies that have market capitalizations of $2.0 billion or more. The Fund’s holdings of non-U.S. companies may include some companies located in emerging markets, and at times emerging market companies may make up a significant portion of the Fund.
Fluctuations in currency exchange rates can have a dramatic impact of the returns of equity securities. While the Adviser may hedge the foreign currency exposure resulting from the Fund’s security positions through the use of currency-related derivatives, it is not required to do so.
CICGX - Performance
Return Ranking - Trailing
| Period | CICGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.6% | 0.0% | 36.5% | 94.07% |
| 1 Yr | 19.4% | 12.5% | 54.5% | 98.20% |
| 3 Yr | -8.2%* | -8.8% | 9.7% | 100.00% |
| 5 Yr | 0.6%* | 0.8% | 15.7% | 100.00% |
| 10 Yr | N/A* | 2.4% | 10.4% | N/A |
* Annualized
Return Ranking - Calendar
| Period | CICGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 3.2% | -0.4% | 28.6% | 98.20% |
| 2022 | -31.5% | -49.5% | -13.3% | 73.58% |
| 2021 | 0.4% | -22.2% | 19.3% | 57.64% |
| 2020 | 19.5% | -3.7% | 85.0% | 52.11% |
| 2019 | 32.2% | -4.0% | 45.1% | 13.71% |
Total Return Ranking - Trailing
| Period | CICGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.6% | 0.0% | 36.5% | 94.07% |
| 1 Yr | 19.4% | 12.5% | 54.5% | 98.20% |
| 3 Yr | -8.2%* | -8.8% | 9.7% | 100.00% |
| 5 Yr | 0.6%* | 0.8% | 15.7% | 100.00% |
| 10 Yr | N/A* | 2.4% | 10.4% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | CICGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 3.2% | 1.8% | 28.6% | 99.74% |
| 2022 | -31.5% | -44.4% | -11.0% | 84.20% |
| 2021 | 2.4% | -20.6% | 20.5% | 82.04% |
| 2020 | 21.4% | 7.6% | 97.1% | 58.31% |
| 2019 | 33.4% | 0.5% | 45.3% | 14.95% |
NAV & Total Return History
CICGX - Holdings
Concentration Analysis
| CICGX | Category Low | Category High | CICGX % Rank | |
|---|---|---|---|---|
| Net Assets | 174 M | 191 K | 140 B | 81.23% |
| Number of Holdings | 92 | 4 | 1830 | 32.65% |
| Net Assets in Top 10 | 85.9 M | 65.4 K | 36.7 B | 78.66% |
| Weighting of Top 10 | 48.99% | 10.6% | 99.9% | 11.57% |
Top 10 Holdings
- ASML Holding NV 7.66%
- SAP SE 7.57%
- Novo Nordisk A/S 7.19%
- Compass Group PLC 4.70%
- Cellnex Telecom SA 4.16%
- Pan Pacific International Holdings Corp 4.04%
- Keyence Corp 3.96%
- Lonza Group AG 3.44%
- Terumo Corp 3.43%
- Fast Retailing Co Ltd 2.84%
Asset Allocation
| Weighting | Return Low | Return High | CICGX % Rank | |
|---|---|---|---|---|
| Stocks | 98.86% | 85.22% | 105.20% | 25.71% |
| Cash | 2.23% | 0.00% | 11.43% | 48.33% |
| Other | 0.27% | -0.31% | 3.49% | 12.60% |
| Preferred Stocks | 0.00% | 0.00% | 10.21% | 98.97% |
| Convertible Bonds | 0.00% | 0.00% | 2.45% | 98.45% |
| Bonds | 0.00% | 0.00% | 0.03% | 98.46% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | CICGX % Rank | |
|---|---|---|---|---|
| Technology | 19.58% | 1.51% | 38.21% | 28.87% |
| Financial Services | 16.96% | 0.00% | 38.62% | 31.19% |
| Industrials | 16.79% | 0.68% | 31.28% | 37.11% |
| Consumer Defense | 15.90% | 0.00% | 25.77% | 12.89% |
| Healthcare | 10.97% | 1.36% | 29.58% | 79.64% |
| Consumer Cyclical | 10.11% | 0.00% | 46.28% | 62.89% |
| Communication Services | 5.39% | 0.00% | 41.13% | 40.21% |
| Basic Materials | 4.30% | 0.00% | 23.15% | 76.03% |
| Utilities | 0.00% | 0.00% | 9.05% | 99.48% |
| Real Estate | 0.00% | 0.00% | 6.64% | 99.48% |
| Energy | 0.00% | 0.00% | 24.97% | 99.74% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | CICGX % Rank | |
|---|---|---|---|---|
| Non US | 93.99% | 0.00% | 99.95% | 8.74% |
| US | 4.87% | 0.00% | 99.87% | 86.12% |
CICGX - Expenses
Operational Fees
| CICGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.90% | 0.01% | 13.07% | 12.66% |
| Management Fee | 0.75% | 0.00% | 1.50% | 61.18% |
| 12b-1 Fee | 1.00% | 0.00% | 1.00% | 100.00% |
| Administrative Fee | N/A | 0.03% | 0.80% | N/A |
Sales Fees
| CICGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | 1.00% | 1.00% | 5.00% | 97.44% |
Trading Fees
| CICGX 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.
| CICGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 25.00% | 7.00% | 149.00% | 41.52% |
CICGX - Distributions
Dividend Yield Analysis
| CICGX | Category Low | Category High | CICGX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 12.70% | 99.74% |
Dividend Distribution Analysis
| CICGX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| CICGX | Category Low | Category High | CICGX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.66% | -1.69% | 3.16% | 92.21% |
Capital Gain Distribution Analysis
| CICGX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 10, 2021 | $0.265 | OrdinaryDividend |
| Dec 11, 2020 | $0.214 | OrdinaryDividend |
| Dec 13, 2019 | $0.003 | CapitalGainShortTerm |
| Dec 13, 2019 | $0.102 | CapitalGainLongTerm |
| Dec 14, 2018 | $0.532 | CapitalGainShortTerm |
| Dec 14, 2018 | $0.154 | CapitalGainLongTerm |
| Dec 15, 2017 | $0.271 | CapitalGainShortTerm |
| Dec 15, 2017 | $0.013 | CapitalGainLongTerm |
| Dec 15, 2017 | $0.025 | OrdinaryDividend |
| Dec 18, 2015 | $0.002 | CapitalGainShortTerm |
CICGX - Fund Manager Analysis
Managers
Mark Phelps
Start Date
Tenure
Tenure Rank
Apr 15, 2015
7.13
7.1%
Mark Phelps is Chief Investment Officer of Concentrated Global Growth. Prior to joining AB in December 2013, he was president and managing director of Global Investments at W.P. Stewart & Co. From September 2008 to June 2013, Phelps also served as W.P. Stewart’s chief executive officer. He originally joined W.P. Stewart & Co. (Europe) in February 2005 as a global portfolio manager. Prior to that, Phelps held senior positions with the Kleinwort Benson/Dresdner Bank organization in London and San Francisco, most recently serving as CIO for Global Equities at Dresdner RCM in San Francisco.
Dev Chakrabarti
Start Date
Tenure
Tenure Rank
Apr 15, 2015
7.13
7.1%
Dev Chakrabarti is a Portfolio Manager/Senior Research Analyst for Concentrated Global Growth. Prior to joining AB in December 2013, he was a portfolio manager/analyst on the global equity research and portfolio-management team at WPS Advisors. Chakrabarti joined W.P. Stewart in 2005 as a member of the European equity research and portfolio-management team, and moved to New York in 2008 to focus on global portfolios. Earlier in his career, he worked as an M&A analyst at Merrill Lynch, a financial analyst at Unilever and an equity analyst at J.P. Morgan Securities, where he specialized in European technology stocks. Chakrabarti holds a BSc (Hons) in economics from the University of Bristol and an MSc in finance from London Business School. Location: London
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 26.94 | 7.71 | 20.01 |
