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Trending ETFs

International Strategic Equities Portfolio

mutual fund
STESX
Payout Change
Pending
Price as of:
$13.02 -0.08 -0.61%
primary theme
International Large-Cap Blend Equity
STESX (Mutual Fund)

International Strategic Equities Portfolio

Payout Change
Pending
Price as of:
$13.02 -0.08 -0.61%
primary theme
International Large-Cap Blend Equity
STESX (Mutual Fund)

International Strategic Equities Portfolio

Payout Change
Pending
Price as of:
$13.02 -0.08 -0.61%
primary theme
International Large-Cap Blend Equity

Name

As of 06/14/2024

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

$13.02

$8.03 B

2.54%

$0.33

0.96%

Vitals

YTD Return

12.9%

1 yr return

15.6%

3 Yr Avg Return

1.8%

5 Yr Avg Return

6.0%

Net Assets

$8.03 B

Holdings in Top 10

28.9%

52 WEEK LOW AND HIGH

$13.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.96%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 86.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$10,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/14/2024

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

$13.02

$8.03 B

2.54%

$0.33

0.96%

STESX - Profile

Distributions

  • YTD Total Return 12.9%
  • 3 Yr Annualized Total Return 1.8%
  • 5 Yr Annualized Total Return 6.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.13%
DIVIDENDS
  • Dividend Yield 2.5%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    International Strategic Equities Portfolio
  • Fund Family Name
    ALLIANCEBE
  • Inception Date
    Dec 21, 2015
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Stuart Rae

Fund Description

The Portfolio invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities or other securities or instruments with similar economic characteristics, including derivatives related to equity securities. Equity securities are primarily common stocks, although, for purposes of the 80% policy, equity securities may also include preferred stocks, warrants, convertible securities, sponsored or unsponsored American Depositary Receipts (“ADRs”) and Global Depositary Receipts (“GDRs”) and equity real estate investment trusts (“REITs”). You will be notified at least 60 days prior to any change to the Portfolio’s 80% investment policy.
AllianceBernstein L.P. serves as the Portfolio’s investment manager (the “Manager”). The Manager invests the assets of the Portfolio primarily (under normal circumstances, at least 65% of net assets) in equity securities of issuers in countries that make up the Morgan Stanley Capital International (“MSCI”) All Country World Index (“ACWI”) ex USA Index, which includes both developed and emerging market countries. The Portfolio focuses on securities of large-cap and mid-cap companies. The Manager expects to allocate fund assets among issuers in many foreign countries, but not necessarily in the same proportion that the countries are represented in the MSCI ACWI ex USA Index and may invest in issuers in countries outside of the MSCI ACWI ex USA Index. The Portfolio’s exposure among non-U.S. countries may change over time based on the Manager’s assessment of market conditions and the investment merit of particular non-U.S. issuers. Under normal circumstances, the Manager invests in companies located in at least three countries other than the United States and expects to have exposure to issuers in several different countries. In determining a company’s location for purposes of the Portfolio’s investment policies and restrictions, the Manager may consider: (1) the place of domicile; (2) where the company has an established presence and conducts its business; and (3) where the company conducts a significant part of its economic activities. The Portfolio may, at times, invest significantly in emerging markets.
The Manager utilizes both fundamental and quantitative research to both determine which securities will be held by the Portfolio and to manage risk. In applying its quantitative analysis, the Manager considers a number of metrics that have historically provided some indication of favorable future returns, including metrics relating to valuation, quality, investor behavior and corporate behavior. Utilizing these resources, the Manager expects to allocate the Portfolio’s assets among issuers, industries and geographic locations to attempt to create a diversified portfolio of investments.
The Portfolio may also invest in exchange-traded funds (“ETFs”) and other investment companies from time to time.
The Portfolio expects to utilize derivatives, such as options, futures contracts, forwards and swaps. For example, the Portfolio may invest in currency derivatives as discussed below and in futures contracts to gain exposure to certain markets. Derivatives may provide a more efficient and economical exposure to market segments than direct investments, and may also be a more efficient way to alter the Portfolio’s exposure.
Fluctuations in currency exchange rates can have a dramatic impact on the returns of foreign equity securities. The Manager may employ currency hedging strategies, including the use of currency-related derivatives, to seek to reduce currency risk in the Portfolio, but it is not required to do so. The Manager may also take long and short positions in currencies or related derivatives for investment purposes, independent of any security positions. The Manager may use stock index futures contracts to gain access to certain markets.
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STESX - Performance

Return Ranking - Trailing

Period STESX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.9% -3.8% 30.7% 1.05%
1 Yr 15.6% -5.7% 18.5% 1.66%
3 Yr 1.8%* -17.1% 43.9% 28.71%
5 Yr 6.0%* -34.2% 76.4% 68.12%
10 Yr N/A* -0.6% 15.8% N/A

* Annualized

Return Ranking - Calendar

Period STESX Return Category Return Low Category Return High Rank in Category (%)
2023 9.9% -7.3% 22.0% 86.47%
2022 -20.8% -43.6% 71.3% 81.93%
2021 4.0% -28.5% 18.9% 56.81%
2020 3.1% -90.1% 992.1% 89.87%
2019 17.4% -1.9% 38.8% 74.49%

Total Return Ranking - Trailing

Period STESX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.9% -3.8% 30.7% 1.05%
1 Yr 15.6% -5.7% 18.5% 1.66%
3 Yr 1.8%* -17.1% 43.9% 28.71%
5 Yr 6.0%* -34.2% 76.4% 68.12%
10 Yr N/A* -0.6% 15.8% N/A

* Annualized

Total Return Ranking - Calendar

Period STESX Return Category Return Low Category Return High Rank in Category (%)
2023 13.2% 3.2% 41.4% 82.41%
2022 -17.8% -43.6% 144.8% 74.43%
2021 10.0% -22.6% 56.0% 53.99%
2020 4.2% -89.7% 1010.8% 93.41%
2019 19.6% 4.3% 38.8% 82.65%

NAV & Total Return History


STESX - Holdings

Concentration Analysis

STESX Category Low Category High STESX % Rank
Net Assets 8.03 B 3.3 M 425 B 13.45%
Number of Holdings 185 1 10659 43.65%
Net Assets in Top 10 2.32 B 139 K 41 B 12.56%
Weighting of Top 10 28.90% 2.7% 112.8% 33.08%

Top 10 Holdings

  1. Novo Nordisk A/S 4.93%
  2. Taiwan Semiconductor Manufacturing Co Ltd 3.44%
  3. Wolters Kluwer NV 2.72%
  4. GSK PLC 2.70%
  5. LVMH Moet Hennessy Louis Vuitton SE 2.69%
  6. Industria de Diseno Textil SA 2.62%
  7. Banco Bilbao Vizcaya Argentaria SA 2.55%
  8. CRH PLC 2.49%
  9. RELX PLC 2.38%
  10. Samsung Electronics Co Ltd 2.38%

Asset Allocation

Weighting Return Low Return High STESX % Rank
Stocks
98.51% 0.00% 103.70% 30.49%
Cash
1.36% 0.00% 28.70% 59.94%
Other
0.13% -0.18% 42.73% 27.35%
Preferred Stocks
0.00% -0.01% 7.80% 95.37%
Convertible Bonds
0.00% 0.00% 4.18% 91.42%
Bonds
0.00% -0.92% 73.67% 91.63%

Stock Sector Breakdown

Weighting Return Low Return High STESX % Rank
Consumer Cyclical
16.33% 0.00% 36.36% 7.54%
Financial Services
16.18% 0.00% 47.75% 73.69%
Technology
16.06% 0.00% 36.32% 10.00%
Healthcare
10.67% 0.00% 21.01% 66.46%
Consumer Defense
9.05% 0.00% 32.29% 52.15%
Energy
8.45% 0.00% 16.89% 5.23%
Communication Services
8.32% 0.00% 21.69% 19.69%
Basic Materials
6.65% 0.00% 23.86% 74.46%
Industrials
5.20% 5.17% 99.49% 99.54%
Real Estate
1.83% 0.00% 14.59% 52.92%
Utilities
1.27% 0.00% 13.68% 73.69%

Stock Geographic Breakdown

Weighting Return Low Return High STESX % Rank
Non US
94.34% 0.00% 101.08% 34.98%
US
4.17% 0.00% 100.07% 58.59%

STESX - Expenses

Operational Fees

STESX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.96% 0.01% 19.62% 56.59%
Management Fee 0.67% 0.00% 1.65% 55.34%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 1.00% N/A

Sales Fees

STESX 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

STESX 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.

STESX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 86.00% 2.00% 247.00% 84.15%

STESX - Distributions

Dividend Yield Analysis

STESX Category Low Category High STESX % Rank
Dividend Yield 2.54% 0.00% 25.02% 36.47%

Dividend Distribution Analysis

STESX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual SemiAnnual Annual

Net Income Ratio Analysis

STESX Category Low Category High STESX % Rank
Net Income Ratio 2.13% -0.93% 6.38% 31.69%

Capital Gain Distribution Analysis

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

Distributions History

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STESX - Fund Manager Analysis

Managers

Stuart Rae


Start Date

Tenure

Tenure Rank

Dec 21, 2015

6.45

6.5%

Stuart Rae has been Chief Investment Officer of Asia-Pacific Value Equities since 2017. Prior to taking on this management responsibility for our Japanese team, he was CIO of Asia-Pacific ex Japan Value Equities from 2006 to 2017, and CIO of Australian Value Equities from 2003 to 2006. Rae joined the firm in 1999 as a research analyst covering the consumer sector, initially working in New York and London before moving to Sydney in 2003 and then Hong Kong in 2006. Previously, he was a management consultant with McKinsey for six years in Australia and the UK. Rae earned a BSc (Hons) in 1987 from

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 30.35 6.31 3.25