AB Sustainable Global Thematic Fund (ALTFX)
The investment seeks long-term growth of capital. The fund pursues opportunistic growth by investing in a global universe of companies whose business activities the Adviser believes position the company to benefit from certain sustainable investment themes that align with one or more of the United Nations Sustainable Development Goals SDGs. The Adviser employs a combination of "top-down" and "bottom-up" investment processes with the goal of identifying securities of companies worldwide, that fit into sustainable investment themes.
Fund Info
| ISIN | US0187801065 |
|---|---|
| CUSIP | 018780106 |
| Issuer | AllianceBernstein |
| Inception Date | Feb 28, 1982 |
| Category | Global Equities |
| Min. Investment | $2,500 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
ALTFX has a high expense ratio of 1.02%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: ALTFX vs. ALMAX, ALTFX vs. OAKIX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in AB Sustainable Global Thematic Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
AB Sustainable Global Thematic Fund had a return of 5.05% year-to-date (YTD) and 6.59% in the last 12 months. Over the past 10 years, AB Sustainable Global Thematic Fund had an annualized return of 9.73%, while the S&P 500 had an annualized return of 10.58%, indicating that AB Sustainable Global Thematic Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.05% | 13.20% |
| 1 month | -1.09% | -1.28% |
| 6 months | 5.13% | 10.32% |
| 1 year | 6.59% | 18.23% |
| 5 years (annualized) | 9.73% | 12.31% |
| 10 years (annualized) | 9.73% | 10.58% |
Monthly Returns
The table below presents the monthly returns of ALTFX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.75% | 4.63% | 1.39% | -5.60% | 4.82% | 1.50% | 5.05% | ||||||
| 2023 | 6.38% | -3.19% | 2.56% | -1.82% | 0.34% | 7.50% | 1.89% | -3.71% | -4.99% | -4.14% | 9.76% | 5.72% | 15.97% |
| 2022 | -12.03% | -2.40% | -0.59% | -10.00% | 1.38% | -9.92% | 12.18% | -6.50% | -10.37% | 5.01% | 9.90% | -4.34% | -27.19% |
| 2021 | 0.04% | 1.71% | 1.09% | 4.52% | 0.27% | 2.06% | 2.66% | 5.27% | -5.36% | 6.91% | -0.49% | 2.44% | 22.64% |
| 2020 | 1.02% | -4.83% | -12.47% | 13.51% | 7.57% | 4.18% | 8.31% | 4.66% | 1.02% | -0.13% | 8.45% | 5.00% | 39.40% |
| 2019 | 7.62% | 3.43% | 2.47% | 3.90% | -4.56% | 6.82% | 0.03% | -1.35% | -0.43% | 1.12% | 4.87% | 2.83% | 29.46% |
| 2018 | 4.55% | -3.26% | -1.47% | -0.54% | 2.11% | -1.34% | 2.45% | 2.03% | -1.40% | -9.30% | 3.05% | -6.29% | -9.86% |
| 2017 | 6.06% | 2.85% | 3.30% | 3.16% | 3.56% | 0.80% | 3.52% | 1.13% | 0.82% | 3.01% | 3.26% | 0.67% | 37.16% |
| 2016 | -8.32% | -2.01% | 8.54% | -0.80% | 1.55% | 2.84% | 4.45% | 1.64% | 1.97% | -3.74% | -1.73% | -0.78% | 2.63% |
| 2015 | -0.43% | 5.99% | -0.21% | 1.78% | 1.57% | -0.88% | 0.73% | -8.74% | -3.18% | 7.70% | 1.71% | -2.63% | 2.46% |
| 2014 | -3.30% | 8.02% | -2.60% | -1.54% | 3.17% | 4.03% | -3.84% | 3.86% | -3.52% | 2.84% | 0.67% | -2.57% | 4.49% |
| 2013 | 3.62% | -1.83% | 0.95% | 1.90% | 0.59% | -2.85% | 4.75% | -0.25% | 7.25% | 2.51% | 1.44% | 2.88% | 22.62% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ALTFX is 15, indicating that it is in the bottom 15% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for AB Sustainable Global Thematic Fund (ALTFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
AB Sustainable Global Thematic Fund granted a 0.03% dividend yield in the last twelve months. The annual payout for that period amounted to $0.05 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.05 | $0.05 | $3.28 | $17.69 | $11.52 | $3.69 | $8.18 | $0.00 | $3.47 |
Dividend yield | 0.03% | 0.03% | 2.61% | 9.99% | 7.23% | 3.01% | 8.36% | 0.00% | 4.05% |
Monthly Dividends
The table displays the monthly dividend distributions for AB Sustainable Global Thematic Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.05 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.28 | $3.28 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $17.69 | $17.69 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $11.52 | $11.52 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.69 | $3.69 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $8.18 | $8.18 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2016 | $3.47 | $3.47 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the AB Sustainable Global Thematic Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the AB Sustainable Global Thematic Fund was 80.01%, occurring on Oct 9, 2002. Recovery took 4459 trading sessions.
The current AB Sustainable Global Thematic Fund drawdown is 12.58%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -80.01% | Mar 28, 2000 | 633 | Oct 9, 2002 | 4459 | Jul 6, 2020 | 5092 |
| -49.18% | Oct 6, 1987 | 15 | Oct 26, 1987 | 1055 | Nov 11, 1991 | 1070 |
| -35.87% | Nov 18, 2021 | 228 | Oct 14, 2022 | — | — | — |
| -31.56% | Jul 21, 1998 | 58 | Oct 8, 1998 | 41 | Dec 4, 1998 | 99 |
| -29.47% | Feb 13, 1992 | 104 | Jul 7, 1992 | 131 | Jan 6, 1993 | 235 |
Volatility
Volatility Chart
The current AB Sustainable Global Thematic Fund volatility is 3.97%, 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.