Fact sheet: AB Sel Absolute Alp Pfl

Fund information
Fund name
AB Select Absolute Alpha Portfolio A USD
Fund manager company
AllianceBernstein (LUX) S.A
Fund type
Offshore Fund
Fund manager
  • Kurt Feuermansince 02/03/2012
Fund objective
The Portfolio’s investment objective is long-term growth of capital. Its investment universe is primarily composed of large and mid-cap U.S. stocks, although the Portfolio opportunistically invests in non-U.S. issuers and smaller-cap companies. Investments are unconstrained by style or sector. The Portfolio’s experienced investment team applies intensive fundamental analysis and macroeconomic insights to identify investment opportunities and potential short-sale candidates. These investments can be characterized by their: • Potential for earnings growth on a three- to five-year time horizon, strong management teams, and understandable and transparent business models • Emphasis on catalysts that could propel earnings, such as positive earnings revisions, dissipating investor fear around a stock and shareholder-friendly actions (e.g., dividends and share buybacks) • Short-term valuation concerns or long-term headwinds to the business model, in the case of short candidates The team’s process includes the flexibility to adjust the Portfolio based on evolving market opportunities — including reducing its net exposure when market risk is excessive. Market exposure is typically 30-70% net long.
Benchmark
  • S&P 500
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
2.7%
1 Year rank in sector
164/207
Sector
FO Equity - USA
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
2.05%
Fund size
£997m
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
42
Top in this sector
Fund name1 Year
Dodge & Cox US Stk45.2%
Wells Fargo WW US SelEqt40.6%
GAM Star Gamco US Eq40.1%
Oyster US Selection39.7%
Hermes US SMID Equity38.7%
...more in FO Equity - USA

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2%0.8%2.4%2.7%5.2%-
Sector5.8%3.4%6.7%7.6%21.4%73.7%
Rank within sector183 / 219174 / 218174 / 213164 / 207166 / 176-
Quartile4th4th4th4th4th
Calendar performance
 YTD - 20162015201420132012
Fund3.4%-1.7%1.9%14.8%-
Sector8.8%-1.6%10.7%31.8%10.2%
Rank within sector168 / 209117 / 192171 / 177158 / 161-
Quartile4th3rd4th4th
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-1.65
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.49
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-0
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
5.85
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
6.02
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.73
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.87
Price movement
52 week high17.96
52 week low16.44
Current bid price-
Current offer price-
Current mid price18.07
Region
1USA100%
Industry sector
1Others45.7%
2Information Technology11.81%
3Financials9.03%
4Industrials6.75%
5Consumer Discretionary6.66%
6Health Care6.13%
7Consumer Staples5.96%
8Energy3.27%
9Utilities1.59%
Asset type
1US Equities100%
Individual holdings
1US BANCORP DELAWARE4.58%
2HONEYWELL INTERNATIONAL INC3.2%
3ALPHABET INC2.82%
4PFIZER INC1.84%
5APPLE INC1.72%
Management
Fund manager group
AllianceBernstein
Fund manager company
AllianceBernstein (LUX) S.A
Fund type
Offshore Fund
Fund objective
The Portfolio’s investment objective is long-term growth of capital. Its investment universe is primarily composed of large and mid-cap U.S. stocks, although the Portfolio opportunistically invests in non-U.S. issuers and smaller-cap companies. Investments are unconstrained by style or sector. The Portfolio’s experienced investment team applies intensive fundamental analysis and macroeconomic insights to identify investment opportunities and potential short-sale candidates. These investments can be characterized by their: • Potential for earnings growth on a three- to five-year time horizon, strong management teams, and understandable and transparent business models • Emphasis on catalysts that could propel earnings, such as positive earnings revisions, dissipating investor fear around a stock and shareholder-friendly actions (e.g., dividends and share buybacks) • Short-term valuation concerns or long-term headwinds to the business model, in the case of short candidates The team’s process includes the flexibility to adjust the Portfolio based on evolving market opportunities — including reducing its net exposure when market risk is excessive. Market exposure is typically 30-70% net long.
Benchmark
  • S&P 500
Investment style
No data available.
Investment method
No data available.
Fund manager
NameSinceBiography
Kurt Feuerman02/03/2012Mr. Kurt A. Feuerman has been the Chief Investment Officer of Select Equity Portfolios, Senior Vice President, and Portfolio Manager at AllianceBernstein L.P. since joining the firm in June 2011. Mr. Feuerman also serves as a Portfolio Manager at Permal Investment Management Services Limited. Prior to this, he was a Senior Managing Director and Senior Trader at Caxton Associates LP. Mr. Feuerman served as an Equity Analyst at Drexel Hamilton, LLC. Prior to that, he was a Managing Director at Morgan Stanley & Co. Mr. Feuerman was responsible for the firm's US Equity business. He was also a Managing Director and Securities Analyst at Drexel Burnham Lambert. Mr. Feuerman began his career at The Bank of New York. He was named the 'Top Mutual-Fund Manager' in Barron's 1998 Annual Manager Rankings. Mr. Feuerman holds an MA from Syracuse University, an MBA in Finance from Columbia University, and a BA from McGill University.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
United Kingdom, Luxembourg, Offshore
AB Select Absolute Alpha Portfolio A EUR
Initial charge6.25%
Annual charge1.8%
Min single investment£2,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)2.05%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price17.03
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG1YQ
AB Select Absolute Alpha Portfolio A HKD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.05%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price140.14
CurrencyHKD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFOLI
AB Select Absolute Alpha Portfolio A USD
Initial charge6.25%
Annual charge1.8%
Min single investment£2,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)2.05%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price18.07
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0YHK
AB Select Absolute Alpha Portfolio AH AUD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.01%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price16.35
CurrencyAUD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFIEC
AB Select Absolute Alpha Portfolio AH CHF
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.04%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price15.2
CurrencyCHF
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFG3X
AB Select Absolute Alpha Portfolio AH EUR
Initial charge6.25%
Annual charge1.8%
Min single investment£2,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)2.05%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price18.11
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0YHL
AB Select Absolute Alpha Portfolio AH GBP
Initial charge6.25%
Annual charge1.8%
Min single investment£2,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)2.05%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price18.29
CurrencyGBP
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0YHM
AB Select Absolute Alpha Portfolio AH SGD
Initial charge6.25%
Annual charge1.8%
Min single investment£3,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.05%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price18.5
CurrencySGD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeGGPB
AB Select Absolute Alpha Portfolio C USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.5%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price16.51
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF94Y
AB Select Absolute Alpha Portfolio F USD
Initial charge-
Annual charge0.5%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.62%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price19.95
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0YHN
AB Select Absolute Alpha Portfolio FH EUR
Initial charge-
Annual charge0.5%
Min single investment£7,500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.63%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price19.7
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0YHO
AB Select Absolute Alpha Portfolio FH GBP
Initial charge-
Annual charge0.5%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.62%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price20.03
CurrencyGBP
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0YHP
AB Select Absolute Alpha Portfolio I EUR
Initial charge1.5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.25%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price17.7
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeG1YR
AB Select Absolute Alpha Portfolio I USD
Initial charge1.5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.25%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price18.78
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0YHQ
AB Select Absolute Alpha Portfolio IH CHF
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.23%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price15.53
CurrencyCHF
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFG3Y
AB Select Absolute Alpha Portfolio IH EUR
Initial charge1.5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.25%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price18.71
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0YHR
AB Select Absolute Alpha Portfolio IH GBP
Initial charge1.5%
Annual charge1%
Min single investment£5,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.25%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price18.78
CurrencyGBP
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0YHS
AB Select Absolute Alpha Portfolio N USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.5%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price15.69
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFGKK
AB Select Absolute Alpha Portfolio S USD
Initial charge-
Annual charge-
Min single investment£25,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price21.14
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0YHT
AB Select Absolute Alpha Portfolio S1 USD
Initial charge-
Annual charge1%
Min single investment£25,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price18.77
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0YHW
AB Select Absolute Alpha Portfolio S1H EUR
Initial charge-
Annual charge1%
Min single investment£20,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price18.78
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0YHX
AB Select Absolute Alpha Portfolio S1H GBP
Initial charge-
Annual charge1%
Min single investment£15,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price19.16
CurrencyGBP
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0YHY
AB Select Absolute Alpha Portfolio S1H JPY
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10848
CurrencyJPY
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFE4X
AB Select Absolute Alpha Portfolio SH EUR
Initial charge-
Annual charge-
Min single investment£20,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price20.79
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0YHU
AB Select Absolute Alpha Portfolio SH GBP
Initial charge-
Annual charge-
Min single investment£15,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price21.19
CurrencyGBP
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0YHV
Data provided by

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