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Emerging Markets Portfolio
mutual fund
SNEMX
Payout Change
Pending
Price as of:
$28.0
+0.06
+0.21%
primary theme
Emerging Markets Equity
share class
SNEMX (Mutual Fund)
Emerging Markets Portfolio
Payout Change
Pending
Price as of:
$28.0
+0.06
+0.21%
primary theme
Emerging Markets Equity
share class
SNEMX (Mutual Fund)
Emerging Markets Portfolio
Payout Change
Pending
Price as of:
$28.0
+0.06
+0.21%
primary theme
Emerging Markets Equity
share class
Name
As of 12/06/2024Price
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
10.2%
1 yr return
16.3%
3 Yr Avg Return
1.2%
5 Yr Avg Return
3.3%
Net Assets
$1.2 B
Holdings in Top 10
28.8%
52 WEEK LOW AND HIGH
$27.9
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.30%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 68.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$5,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/06/2024Price
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
SNEMX - Profile
Distributions
- YTD Total Return 10.2%
- 3 Yr Annualized Total Return 1.2%
- 5 Yr Annualized Total Return 3.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.50%
- Dividend Yield 1.5%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameEmerging Markets Portfolio
-
Fund Family NameALLIANCEBE
-
Inception DateFeb 09, 1996
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerHenry D'Auria
Fund Description
The Portfolio invests, under normal circumstances, at least 80% of its net assets in securities of companies in emerging markets. For purposes of this policy, net assets include any borrowings for investment purposes. Issuers of these securities may be large-, mid- or small-capitalization companies.
AllianceBernstein L.P., the Portfolio’s investment manager (the “Manager”), determines which countries are emerging-market countries. In general, these are the countries considered to be developing countries by the international financial community and include those countries considered by MSCI (Morgan Stanley Capital International) to have an “emerging or frontier stock market.” Examples of emerging and frontier market countries include Argentina, Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Kuwait, Lithuania, Malaysia, Mexico, Morocco, Pakistan, Peru, the Philippines, Poland, Qatar, Saudi Arabia, South Africa, South Korea, Taiwan, Thailand, Turkey, the United Arab Emirates and Vietnam.
The investment team allocates the Portfolio’s investments among broad sector groups based on the fundamental company research conducted by the Manager’s internal research staff, assessing the current and forecasted investment opportunities and conditions, as well as diversification and risk considerations. The Portfolio may own stocks selected using the Manager’s bottom-up research in value, growth, core and other investment style disciplines. The Manager may allocate assets to companies in different targeted ranges of market capitalization. The Manager relies on both fundamental and quantitative research to manage risk and return for the Portfolio.
The Portfolio may invest in companies of any size. The Portfolio invests primarily in common stocks, but may also invest in preferred stocks, warrants and convertible securities of foreign issuers, including sponsored or unsponsored American Depositary Receipts (“ADRs”) and Global Depositary Receipts (“GDRs”).
Under most conditions, the Portfolio intends to have its assets invested among multiple emerging-market countries, although the Portfolio may also invest in more developed country markets. In allocating the Portfolio’s assets among emerging-market countries, the Manager considers such factors as the geographical distribution of the Portfolio, the sizes of the stock markets represented and the various key economic characteristics of the countries. However, the Portfolio may not necessarily be diversified on a geographical basis. The Manager also considers the transaction costs and volatility of each individual market.
The Portfolio may enter into foreign currency transactions for hedging and non-hedging purposes on a spot (i.e., cash) basis or through the use of derivatives transactions, such as forward currency exchange contracts, currency futures and options thereon, and options on currencies. An appropriate hedge of currency exposure resulting from the Portfolio’s securities positions may not be available or cost effective, or the Manager may determine not to hedge the positions, possibly even under market conditions where doing so could benefit the Portfolio. The Portfolio generally invests in foreign-currency futures contracts or foreign-currency forward contracts with terms of up to one year. The Portfolio also purchases foreign currency for immediate settlement in order to purchase foreign securities. In addition, the Portfolio may invest a portion of its uncommitted cash balances in futures contracts on securities or baskets of securities to expose that portion of the Portfolio to the equity markets. The Portfolio may use derivatives, such as options, futures contracts, forward contracts and swaps. The Portfolio 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 Portfolio from a decline in value, sometimes within certain ranges.
SNEMX - Performance
Return Ranking - Trailing
| Period | SNEMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 10.2% | -11.8% | 38.6% | 42.51% |
| 1 Yr | 16.3% | -8.0% | 40.9% | 15.55% |
| 3 Yr | 1.2%* | -11.2% | 11.2% | 40.77% |
| 5 Yr | 3.3%* | -5.2% | 11.9% | 51.22% |
| 10 Yr | 3.0%* | -1.6% | 6.8% | 64.14% |
* Annualized
Return Ranking - Calendar
| Period | SNEMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 8.5% | -6.5% | 35.5% | 50.57% |
| 2022 | -22.4% | -50.1% | -2.4% | 31.38% |
| 2021 | -7.3% | -33.1% | 22.5% | 61.18% |
| 2020 | 13.3% | -22.1% | 80.1% | 64.12% |
| 2019 | 22.7% | -0.7% | 42.0% | 25.55% |
Total Return Ranking - Trailing
| Period | SNEMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 10.2% | -11.8% | 38.6% | 42.51% |
| 1 Yr | 16.3% | -8.0% | 40.9% | 15.55% |
| 3 Yr | 1.2%* | -11.2% | 11.2% | 40.77% |
| 5 Yr | 3.3%* | -5.2% | 11.9% | 51.22% |
| 10 Yr | 3.0%* | -1.6% | 6.8% | 64.14% |
* Annualized
Total Return Ranking - Calendar
| Period | SNEMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 10.4% | -1.0% | 42.0% | 55.82% |
| 2022 | -21.4% | -42.2% | 1.9% | 36.80% |
| 2021 | 1.6% | -32.5% | 33.1% | 34.47% |
| 2020 | 15.3% | -20.0% | 81.6% | 65.42% |
| 2019 | 24.7% | 2.3% | 42.0% | 27.39% |
NAV & Total Return History
SNEMX - Holdings
Concentration Analysis
| SNEMX | Category Low | Category High | SNEMX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.2 B | 682 K | 103 B | 35.89% |
| Number of Holdings | 182 | 2 | 7534 | 27.38% |
| Net Assets in Top 10 | 346 M | 290 K | 23.8 B | 36.17% |
| Weighting of Top 10 | 28.83% | 2.9% | 101.1% | 68.61% |
Top 10 Holdings
- Taiwan Semiconductor Manufacturing Co Ltd 7.52%
- Tencent Holdings Ltd 4.25%
- Samsung Electronics Co Ltd 3.73%
- SK Hynix Inc 2.37%
- MediaTek Inc 2.01%
- PDD Holdings Inc 2.01%
- Meituan 1.90%
- FPT Corp 1.82%
- KB Financial Group Inc 1.77%
- Emaar Properties PJSC 1.46%
Asset Allocation
| Weighting | Return Low | Return High | SNEMX % Rank | |
|---|---|---|---|---|
| Stocks | 97.78% | 0.00% | 103.28% | 44.40% |
| Other | 1.78% | -1.11% | 39.53% | 6.10% |
| Cash | 1.00% | -2.03% | 100.35% | 69.50% |
| Convertible Bonds | 0.54% | 0.00% | 7.40% | 0.57% |
| Preferred Stocks | 0.00% | 0.00% | 13.31% | 71.06% |
| Bonds | 0.00% | 0.00% | 95.13% | 40.00% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | SNEMX % Rank | |
|---|---|---|---|---|
| Financial Services | 24.99% | 0.00% | 48.86% | 23.99% |
| Consumer Cyclical | 19.69% | 0.00% | 48.94% | 8.19% |
| Technology | 18.15% | 0.00% | 47.50% | 80.60% |
| Basic Materials | 7.07% | 0.00% | 30.03% | 63.79% |
| Real Estate | 6.68% | 0.00% | 17.15% | 4.45% |
| Utilities | 5.66% | 0.00% | 39.12% | 2.87% |
| Industrials | 5.53% | 0.00% | 43.53% | 57.90% |
| Communication Services | 5.50% | 0.00% | 39.29% | 81.75% |
| Energy | 2.66% | 0.00% | 24.80% | 72.70% |
| Consumer Defense | 2.29% | 0.00% | 25.90% | 93.68% |
| Healthcare | 1.78% | 0.00% | 16.53% | 84.48% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | SNEMX % Rank | |
|---|---|---|---|---|
| Non US | 89.60% | 0.00% | 100.52% | 34.33% |
| US | 8.18% | 0.00% | 100.95% | 55.32% |
SNEMX - Expenses
Operational Fees
| SNEMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.30% | 0.03% | 29.98% | 51.21% |
| Management Fee | 0.95% | 0.00% | 2.00% | 66.62% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.85% | N/A |
Sales Fees
| SNEMX 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% | 5.00% | N/A |
Trading Fees
| SNEMX 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.
| SNEMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 68.00% | 0.00% | 189.00% | 70.80% |
SNEMX - Distributions
Dividend Yield Analysis
| SNEMX | Category Low | Category High | SNEMX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.49% | 0.00% | 9.74% | 57.16% |
Dividend Distribution Analysis
| SNEMX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| SNEMX | Category Low | Category High | SNEMX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.50% | -1.98% | 17.62% | 28.13% |
Capital Gain Distribution Analysis
| SNEMX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 06, 2023 | $0.416 | OrdinaryDividend |
| Dec 07, 2022 | $0.309 | OrdinaryDividend |
| Dec 08, 2021 | $2.942 | OrdinaryDividend |
| Dec 09, 2020 | $0.556 | OrdinaryDividend |
| Dec 11, 2019 | $0.440 | OrdinaryDividend |
| Dec 12, 2018 | $1.592 | CapitalGainLongTerm |
| Dec 12, 2018 | $0.332 | OrdinaryDividend |
| Dec 12, 2017 | $0.067 | CapitalGainShortTerm |
| Dec 12, 2017 | $0.175 | OrdinaryDividend |
| Dec 13, 2016 | $0.154 | OrdinaryDividend |
| Dec 08, 2015 | $0.409 | CapitalGainLongTerm |
| Dec 08, 2015 | $0.157 | OrdinaryDividend |
| Dec 09, 2014 | $0.036 | CapitalGainShortTerm |
| Dec 09, 2014 | $0.572 | CapitalGainLongTerm |
| Dec 09, 2014 | $0.366 | OrdinaryDividend |
| Dec 10, 2013 | $0.297 | OrdinaryDividend |
| Dec 12, 2012 | $0.359 | OrdinaryDividend |
| Dec 14, 2011 | $0.941 | CapitalGainLongTerm |
| Dec 14, 2011 | $0.240 | OrdinaryDividend |
| Dec 07, 2010 | $0.306 | OrdinaryDividend |
| Dec 08, 2009 | $0.196 | OrdinaryDividend |
| Dec 09, 2008 | $1.494 | CapitalGainLongTerm |
| Dec 09, 2008 | $0.391 | OrdinaryDividend |
| Dec 11, 2007 | $1.577 | CapitalGainShortTerm |
| Dec 11, 2007 | $8.973 | CapitalGainLongTerm |
| Dec 11, 2007 | $0.440 | OrdinaryDividend |
| Dec 12, 2006 | $0.738 | CapitalGainShortTerm |
| Dec 12, 2006 | $5.486 | CapitalGainLongTerm |
| Dec 12, 2006 | $0.354 | OrdinaryDividend |
| Dec 07, 2005 | $0.376 | CapitalGainShortTerm |
| Dec 07, 2005 | $9.015 | CapitalGainLongTerm |
| Dec 07, 2005 | $0.600 | OrdinaryDividend |
| Dec 10, 2004 | $0.341 | OrdinaryDividend |
| Dec 10, 2004 | $0.780 | CapitalGainLongTerm |
| Dec 05, 2003 | $0.220 | OrdinaryDividend |
| Dec 06, 2002 | $0.080 | OrdinaryDividend |
| Dec 06, 2001 | $0.125 | OrdinaryDividend |
SNEMX - Fund Manager Analysis
Managers
Henry D'Auria
Start Date
Tenure
Tenure Rank
Jan 31, 2012
10.34
10.3%
Henry D'Auria, CFA is a Portfolio Manager at AllianceBernstein and has been with the firm since 1991. Mr. D'Auria is the Chief Investment Officer of Emerging Markets Value Equities, a position he has held since 2002, and Portfolio Manager for the Next 50 Emerging Markets Fund. Mr. D'Auria holds a B.A. in economics from Trinity College and is a CFA charterholder.
Nelson Yu
Start Date
Tenure
Tenure Rank
Jan 27, 2017
5.34
5.3%
Senior Vice President and Portfolio Manager of AllianceBernstein L.P. since prior to 2014. Head—Blend Strategies since 2017 and Head of Quantitative Research—Equities since prior to 2014. Nelson Yu was appointed Head of Blend Strategies in early 2017. He is also a Portfolio Manager and Head of Quantitative Research for Equities, with responsibility for overseeing the research and application of risk and return models across the firm’s equity portfolios. In addition, Yu manages the currency overlay strategy across equity portfolios and is an advisory member of the Global Value, Emerging Markets Value and Strategic Core portfolios. He joined the firm in 1997 as a programmer and analyst, and served as deputy head of Value Equities Quantitative Research from 2009 until 2014. Yu was previously a supervising consultant at Grant Thornton. He holds a BSE in systems engineering and a BS in economics from the University of Pennsylvania, and is a CFA charterholder. Location: New York
Sergey Davalchenko
Start Date
Tenure
Tenure Rank
Jan 28, 2022
0.34
0.3%
Sergey Davalchenko has been a Portfolio Manager for Emerging Markets Growth since March 2012. He also served as a portfolio manager on the International Large Cap Growth team from 2011 to early 2017. Before joining AB in 2011, Davalchenko was a senior international analyst at Global Currents Investment Management, a subsidiary of Legg Mason. Prior to that, he worked as a portfolio manager at Fenician Capital Management, where he was a partner. Early in his career, Davalchenko specialized in international equities in various analyst and portfolio-management roles for the State of Wisconsin Investment Board and Oppenheimer Capital. He holds a BS in finance from the University of Wisconsin. Location: New York
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 33.71 | 6.67 | 13.42 |
