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AB All China Equity Portfolio (ACEYX)

Mutual Fund · Currency in USD · Last updated Sep 30, 2023

Under normal circumstances, the fund invests at least 80% of its net assets in a portfolio of equity securities of companies economically tied to the People's Republic of China ("China") (including Hong Kong). Equity securities may include common stocks, preferred stocks, the equity securities of real estate investment trusts, or REITs, depositary receipts and derivative instruments related to equity securities. The fund is non-diversified.

Summary

Fund Info

ISINUS0025422074
IssuerAllianceBernstein
Inception DateJul 24, 2018
CategoryChina Equities
Minimum Investment$0
Asset ClassEquity

Asset Class Size

Large-Cap

Asset Class Style

Blend

Expense Ratio

The AB All China Equity Portfolio has a high expense ratio of 1.25%, indicating higher-than-average management fees.


1.25%
0.00%2.15%

Share Price Chart


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Performance

The chart shows the growth of an initial investment of $10,000 in AB All China Equity Portfolio, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


-10.00%-5.00%0.00%5.00%10.00%MayJuneJulyAugustSeptember
-12.03%
4.57%
ACEYX (AB All China Equity Portfolio)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

Search for stocks, ETFs, and funds to compare with ACEYX

AB All China Equity Portfolio

Return

AB All China Equity Portfolio had a return of -7.67% year-to-date (YTD) and 0.19% in the last 12 months. Over the past 10 years, AB All China Equity Portfolio had an annualized return of -4.64%, while the S&P 500 had an annualized return of 8.24%, indicating that AB All China Equity Portfolio did not perform as well as the benchmark.


PeriodReturnBenchmark
1 month-2.99%-5.04%
6 months-12.03%4.35%
Year-To-Date-7.67%11.68%
1 year0.19%19.59%
5 years (annualized)-2.86%7.99%
10 years (annualized)-4.64%8.24%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20233.67%-2.24%-9.41%2.13%7.43%-8.01%

Risk-Adjusted Performance

This table presents a comparison of risk-adjusted performance metrics for AB All China Equity Portfolio (ACEYX) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
ACEYX
AB All China Equity Portfolio
-0.14
^GSPC
S&P 500
0.89

Sharpe Ratio

The current AB All China Equity Portfolio Sharpe ratio is -0.14. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.501.00MayJuneJulyAugustSeptember
-0.14
0.89
ACEYX (AB All China Equity Portfolio)
Benchmark (^GSPC)

Dividend History

AB All China Equity Portfolio granted a 1.51% dividend yield in the last twelve months. The annual payout for that period amounted to $0.11 per share.


PeriodTTM2022202120202019
Dividend$0.11$0.11$0.20$0.06$0.12

Dividend yield

1.51%1.39%1.83%0.44%1.18%

Monthly Dividends

The table displays the monthly dividend distributions for AB All China Equity Portfolio. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDec
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.11
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.20
2020$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.06
2019$0.12

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%MayJuneJulyAugustSeptember
-51.08%
-10.60%
ACEYX (AB All China Equity Portfolio)
Benchmark (^GSPC)

Worst Drawdowns

The table below shows the maximum drawdowns of the AB All China Equity Portfolio. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the AB All China Equity Portfolio is 57.58%, recorded on Oct 31, 2022. The portfolio has not recovered from it yet.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-57.58%Feb 18, 2021430Oct 31, 2022
-24.5%Jul 26, 2018111Jan 3, 201950Mar 18, 2019161
-21.43%Jan 14, 202047Mar 20, 202073Jul 6, 2020120
-14.56%Apr 11, 201930May 23, 2019144Dec 17, 2019174
-7.14%Sep 3, 20205Sep 10, 202022Oct 12, 202027

Volatility Chart

The current AB All China Equity Portfolio volatility is 4.48%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%MayJuneJulyAugustSeptember
4.48%
3.17%
ACEYX (AB All China Equity Portfolio)
Benchmark (^GSPC)