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Trending ETFs

AB Global Core Equity Portfolio

mutual fund
GCECX
Payout Change
Pending
Price as of:
$17.41 +0.02 +0.12%
primary theme
N/A
GCECX (Mutual Fund)

AB Global Core Equity Portfolio

Payout Change
Pending
Price as of:
$17.41 +0.02 +0.12%
primary theme
N/A
GCECX (Mutual Fund)

AB Global Core Equity Portfolio

Payout Change
Pending
Price as of:
$17.41 +0.02 +0.12%
primary theme
N/A

Name

As of 12/06/2024

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

$17.41

$2.89 B

0.00%

1.79%

Vitals

YTD Return

13.8%

1 yr return

18.4%

3 Yr Avg Return

2.1%

5 Yr Avg Return

6.6%

Net Assets

$2.89 B

Holdings in Top 10

34.6%

52 WEEK LOW AND HIGH

$17.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.79%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 46.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$2,500


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/06/2024

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

$17.41

$2.89 B

0.00%

1.79%

GCECX - Profile

Distributions

  • YTD Total Return 13.8%
  • 3 Yr Annualized Total Return 2.1%
  • 5 Yr Annualized Total Return 6.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.03%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    AB Global Core Equity Portfolio
  • Fund Family Name
    ALLIANCEBE
  • Inception Date
    Nov 12, 2014
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    David Dalgas

Fund Description

The Fund invests primarily in a portfolio of equity securities of issuers from markets around the world. Under normal circumstances, the Fund invests at least 80% of its net assets in equity securities, at least 40% of its net assets in securities of non‑U.S. companies, and invests in companies in at least three countries (including the United States).
The Fund is principally comprised of companies considered by the Adviser to offer good prospects for attractive returns relative to the general stock market. The Adviser seeks companies that are attractively valued and have the ability to generate high and sustainable returns on invested capital. In addition to returns on invested capital, other criteria that the Adviser considers include strong business fundamentals, capable management, prudent corporate governance, strong balance sheet, strong earnings power, high earnings quality, low downside risk, and substantial upside potential. In managing the Fund, the Adviser does not seek to have a bias towards any investment style, economic sector, country or company size. The Fund’s holdings of non‑U.S. companies frequently include companies located in emerging markets, and at times emerging market companies will 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.
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GCECX - Performance

Return Ranking - Trailing

Period GCECX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.8% -35.6% 29.2% 12.42%
1 Yr 18.4% 17.3% 252.4% 73.64%
3 Yr 2.1%* -3.5% 34.6% 55.47%
5 Yr 6.6%* 0.1% 32.7% 51.14%
10 Yr 7.2%* -6.9% 18.3% N/A

* Annualized

Return Ranking - Calendar

Period GCECX Return Category Return Low Category Return High Rank in Category (%)
2023 18.7% -24.3% 957.1% 64.18%
2022 -24.0% -38.3% 47.1% 39.57%
2021 12.5% -54.2% 0.6% 9.69%
2020 9.3% -76.0% 54.1% 48.76%
2019 23.2% -26.1% 47.8% 14.67%

Total Return Ranking - Trailing

Period GCECX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.8% -35.6% 29.2% 12.42%
1 Yr 18.4% 11.4% 252.4% 71.93%
3 Yr 2.1%* -3.5% 34.6% 52.92%
5 Yr 6.6%* 0.1% 32.7% 49.66%
10 Yr 7.2%* -6.9% 18.3% N/A

* Annualized

Total Return Ranking - Calendar

Period GCECX Return Category Return Low Category Return High Rank in Category (%)
2023 18.7% -24.3% 957.1% 64.18%
2022 -21.0% -33.1% 47.1% 39.95%
2021 14.6% -44.4% 1.8% 21.00%
2020 9.3% -6.5% 54.1% 37.77%
2019 26.5% -14.4% 47.8% 21.05%

NAV & Total Return History


GCECX - Holdings

Concentration Analysis

GCECX Category Low Category High GCECX % Rank
Net Assets 2.89 B 199 K 133 B 20.07%
Number of Holdings 65 1 9075 56.17%
Net Assets in Top 10 1.04 B -18 M 37.6 B 22.47%
Weighting of Top 10 34.63% 9.1% 100.0% 34.90%

Top 10 Holdings

  1. Microsoft Corp 6.80%
  2. Otis Worldwide Corp 4.07%
  3. Elevance Health Inc 4.04%
  4. NVIDIA Corp 3.89%
  5. Goldman Sachs Group Inc/The 3.00%
  6. Alphabet Inc 2.60%
  7. Julius Baer Group Ltd 2.58%
  8. Yum China Holdings Inc 2.58%
  9. Asahi Group Holdings Ltd 2.57%
  10. Medtronic PLC 2.50%

Asset Allocation

Weighting Return Low Return High GCECX % Rank
Stocks
99.39% 61.84% 125.47% 7.82%
Cash
0.61% -174.70% 23.12% 88.33%
Preferred Stocks
0.00% -0.01% 5.28% 42.51%
Other
0.00% -13.98% 19.14% 49.56%
Convertible Bonds
0.00% 0.00% 4.46% 35.90%
Bonds
0.00% -1.50% 161.67% 39.10%

Stock Sector Breakdown

Weighting Return Low Return High GCECX % Rank
Technology
19.14% 0.00% 49.87% 61.45%
Financial Services
19.05% 0.00% 38.42% 17.84%
Healthcare
14.01% 0.00% 35.42% 25.00%
Communication Services
13.80% 0.00% 57.66% 14.98%
Consumer Cyclical
12.17% 0.00% 40.94% 67.18%
Industrials
8.34% 0.00% 44.06% 36.89%
Consumer Defense
5.96% 0.00% 73.28% 69.05%
Energy
3.24% 0.00% 21.15% 55.84%
Real Estate
1.60% 0.00% 39.48% 49.45%
Basic Materials
1.58% 0.00% 38.60% 77.75%
Utilities
1.11% 0.00% 29.12% 65.86%

Stock Geographic Breakdown

Weighting Return Low Return High GCECX % Rank
US
67.69% 0.13% 103.82% 37.33%
Non US
31.70% 0.58% 99.46% 52.31%

GCECX - Expenses

Operational Fees

GCECX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.79% 0.01% 44.27% 22.92%
Management Fee 0.74% 0.00% 1.82% 56.67%
12b-1 Fee 1.00% 0.00% 1.00% 85.81%
Administrative Fee N/A 0.01% 0.76% N/A

Sales Fees

GCECX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load 1.00% 1.00% 5.00% 41.00%

Trading Fees

GCECX 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.

GCECX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 46.00% 0.00% 395.00% 64.68%

GCECX - Distributions

Dividend Yield Analysis

GCECX Category Low Category High GCECX % Rank
Dividend Yield 0.00% 0.00% 3.26% 35.45%

Dividend Distribution Analysis

GCECX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Annually Annually

Net Income Ratio Analysis

GCECX Category Low Category High GCECX % Rank
Net Income Ratio 0.03% -4.27% 12.65% 70.57%

Capital Gain Distribution Analysis

GCECX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

GCECX - Fund Manager Analysis

Managers

David Dalgas


Start Date

Tenure

Tenure Rank

Oct 31, 2014

7.59

7.6%

David Dalgas joined AB in 2014 and is Co-Chief Investment Officer of Global Core Equity. He previously served as head of equities and CIO at CPH Capital, which he cofounded in 2011. Prior to that, Dalgas was head of equities at BankInvest, where he was responsible for equity portfolios serving global institutional investors. He previously worked in portfolio management and equity research at LD Invest (now known as Maj Invest), WestLB, Amagerbanken and the Central Bank of Denmark. Dalgas holds a BSc in economics and business administration and an MSc in finance and accounting from the Copenhagen Business School, and is a CFA charterholder. Location: Copenhagen

Klaus Ingemann


Start Date

Tenure

Tenure Rank

Oct 31, 2014

7.59

7.6%

Klaus Ingemann joined AB in 2014 as Portfolio Manager and Senior Research Analyst and was promoted to Co-Chief Investment Officer of Global Core Equity in 2018. He previously served as an executive member of the investment board at CPH Capital, which he cofounded in 2011. Prior to that, Ingemann was chief portfolio manager and a member of the investment board at BankInvest. He previously worked as a corporate finance advisor for Carnegie Bank, where he mainly advised on cross-border mergers and acquisitions. Before that, Ingemann spent four years in the finance department at Tele Danmark, where he was primarily involved with developing a value-at-risk management system. He holds a BSc in business administration and an MSc in finance and accounting from the Copenhagen Business School, and is a CFA charterholder. Location: Copenhagen

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 35.82 6.24 1.25