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AB Global Core Equity Portfolio
mutual fund
GCEYX
Payout Change
Pending
Price as of:
$18.01
-0.1
-0.55%
primary theme
N/A
share class
GCEYX (Mutual Fund)
AB Global Core Equity Portfolio
Payout Change
Pending
Price as of:
$18.01
-0.1
-0.55%
primary theme
N/A
share class
GCEYX (Mutual Fund)
AB Global Core Equity Portfolio
Payout Change
Pending
Price as of:
$18.01
-0.1
-0.55%
primary theme
N/A
share class
Name
As of 12/12/2024Price
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
14.7%
1 yr return
17.3%
3 Yr Avg Return
4.1%
5 Yr Avg Return
8.6%
Net Assets
$2.89 B
Holdings in Top 10
34.6%
52 WEEK LOW AND HIGH
$18.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.78%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 46.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/12/2024Price
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
GCEYX - Profile
Distributions
- YTD Total Return 14.7%
- 3 Yr Annualized Total Return 4.1%
- 5 Yr Annualized Total Return 8.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.08%
- Dividend Yield 0.9%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameAB Global Core Equity Portfolio
-
Fund Family NameALLIANCEBE
-
Inception DateNov 12, 2014
-
Shares OutstandingN/A
-
Share ClassAdv
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDavid 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.
GCEYX - Performance
Return Ranking - Trailing
| Period | GCEYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 14.7% | -35.6% | 29.2% | 11.19% |
| 1 Yr | 17.3% | 17.3% | 252.4% | 69.77% |
| 3 Yr | 4.1%* | -3.5% | 34.6% | 47.81% |
| 5 Yr | 8.6%* | 0.1% | 32.7% | 38.12% |
| 10 Yr | 8.8%* | -6.9% | 18.3% | N/A |
* Annualized
Return Ranking - Calendar
| Period | GCEYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 18.6% | -24.3% | 957.1% | 63.48% |
| 2022 | -23.4% | -38.3% | 47.1% | 38.05% |
| 2021 | 12.6% | -54.2% | 0.6% | 8.48% |
| 2020 | 9.5% | -76.0% | 54.1% | 45.68% |
| 2019 | 23.4% | -26.1% | 47.8% | 11.64% |
Total Return Ranking - Trailing
| Period | GCEYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 14.7% | -35.6% | 29.2% | 11.19% |
| 1 Yr | 17.3% | 11.4% | 252.4% | 65.57% |
| 3 Yr | 4.1%* | -3.5% | 34.6% | 45.26% |
| 5 Yr | 8.6%* | 0.1% | 32.7% | 36.91% |
| 10 Yr | 8.8%* | -6.9% | 18.3% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | GCEYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 19.9% | -24.3% | 957.1% | 63.48% |
| 2022 | -20.1% | -33.1% | 47.1% | 38.18% |
| 2021 | 18.1% | -44.4% | 1.8% | 19.38% |
| 2020 | 10.4% | -6.5% | 54.1% | 30.16% |
| 2019 | 27.7% | -14.4% | 47.8% | 13.72% |
NAV & Total Return History
GCEYX - Holdings
Concentration Analysis
| GCEYX | Category Low | Category High | GCEYX % Rank | |
|---|---|---|---|---|
| Net Assets | 2.89 B | 199 K | 133 B | 20.29% |
| Number of Holdings | 65 | 1 | 9075 | 57.49% |
| Net Assets in Top 10 | 1.04 B | -18 M | 37.6 B | 22.69% |
| Weighting of Top 10 | 34.63% | 9.1% | 100.0% | 35.13% |
Top 10 Holdings
- Microsoft Corp 6.80%
- Otis Worldwide Corp 4.07%
- Elevance Health Inc 4.04%
- NVIDIA Corp 3.89%
- Goldman Sachs Group Inc/The 3.00%
- Alphabet Inc 2.60%
- Julius Baer Group Ltd 2.58%
- Yum China Holdings Inc 2.58%
- Asahi Group Holdings Ltd 2.57%
- Medtronic PLC 2.50%
Asset Allocation
| Weighting | Return Low | Return High | GCEYX % Rank | |
|---|---|---|---|---|
| Stocks | 99.39% | 61.84% | 125.47% | 8.04% |
| Cash | 0.61% | -174.70% | 23.12% | 88.55% |
| Preferred Stocks | 0.00% | -0.01% | 5.28% | 95.48% |
| Other | 0.00% | -13.98% | 19.14% | 95.26% |
| Convertible Bonds | 0.00% | 0.00% | 4.46% | 95.48% |
| Bonds | 0.00% | -1.50% | 161.67% | 95.59% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | GCEYX % Rank | |
|---|---|---|---|---|
| Technology | 19.14% | 0.00% | 49.87% | 61.67% |
| Financial Services | 19.05% | 0.00% | 38.42% | 18.06% |
| Healthcare | 14.01% | 0.00% | 35.42% | 25.22% |
| Communication Services | 13.80% | 0.00% | 57.66% | 15.20% |
| Consumer Cyclical | 12.17% | 0.00% | 40.94% | 67.51% |
| Industrials | 8.34% | 0.00% | 44.06% | 37.22% |
| Consumer Defense | 5.96% | 0.00% | 73.28% | 69.27% |
| Energy | 3.24% | 0.00% | 21.15% | 56.06% |
| Real Estate | 1.60% | 0.00% | 39.48% | 49.89% |
| Basic Materials | 1.58% | 0.00% | 38.60% | 78.19% |
| Utilities | 1.11% | 0.00% | 29.12% | 66.08% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | GCEYX % Rank | |
|---|---|---|---|---|
| US | 67.69% | 0.13% | 103.82% | 37.56% |
| Non US | 31.70% | 0.58% | 99.46% | 52.53% |
GCEYX - Expenses
Operational Fees
| GCEYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.78% | 0.01% | 44.27% | 77.54% |
| Management Fee | 0.74% | 0.00% | 1.82% | 63.46% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | 95.68% |
| Administrative Fee | N/A | 0.01% | 0.76% | N/A |
Sales Fees
| GCEYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | 85.14% |
Trading Fees
| GCEYX 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.
| GCEYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 46.00% | 0.00% | 395.00% | 65.48% |
GCEYX - Distributions
Dividend Yield Analysis
| GCEYX | Category Low | Category High | GCEYX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.91% | 0.00% | 3.26% | 95.19% |
Dividend Distribution Analysis
| GCEYX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Annually | Annually |
Net Income Ratio Analysis
| GCEYX | Category Low | Category High | GCEYX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.08% | -4.27% | 12.65% | 35.80% |
Capital Gain Distribution Analysis
| GCEYX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 08, 2023 | $0.165 | OrdinaryDividend |
| Dec 09, 2022 | $0.575 | OrdinaryDividend |
| Dec 10, 2021 | $0.829 | OrdinaryDividend |
| Dec 11, 2020 | $0.120 | OrdinaryDividend |
| Dec 13, 2019 | $0.165 | OrdinaryDividend |
| Dec 13, 2019 | $0.161 | CapitalGainShortTerm |
| Dec 13, 2019 | $0.150 | CapitalGainLongTerm |
| Dec 14, 2018 | $0.037 | CapitalGainShortTerm |
| Dec 14, 2018 | $0.147 | CapitalGainLongTerm |
| Dec 14, 2018 | $0.147 | OrdinaryDividend |
| Dec 15, 2017 | $0.128 | CapitalGainShortTerm |
| Dec 15, 2017 | $0.296 | CapitalGainLongTerm |
| Dec 15, 2017 | $0.151 | OrdinaryDividend |
| Dec 16, 2016 | $0.103 | OrdinaryDividend |
| Dec 18, 2015 | $0.089 | OrdinaryDividend |
| Dec 18, 2015 | $0.026 | CapitalGainShortTerm |
| Dec 19, 2014 | $0.025 | OrdinaryDividend |
GCEYX - 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 |
