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 |
| Minimum Investment | $2,500 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
The AB Sustainable Global Thematic Fund has a high expense ratio of 1.02%, indicating higher-than-average management fees.
Share Price Chart
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Performance
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.
Compare to other instruments
Return
AB Sustainable Global Thematic Fund had a return of 5.10% year-to-date (YTD) and -2.13% in the last 12 months. Over the past 10 years, AB Sustainable Global Thematic Fund had an annualized return of 10.21%, while the S&P 500 benchmark had an annualized return of 9.87%, indicating that AB Sustainable Global Thematic Fund performed slightly bigger than the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | 1.35% | 0.86% |
| Year-To-Date | 5.10% | 9.53% |
| 6 months | 1.81% | 4.45% |
| 1 year | -2.13% | 1.14% |
| 5 years (annualized) | 8.67% | 9.43% |
| 10 years (annualized) | 10.21% | 9.87% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 6.38% | -3.19% | 2.56% | -1.82% | ||||||||
| 2022 | 5.01% | 9.90% | -4.34% |
Risk-Adjusted Performance
This table presents a comparison of risk-adjusted performance metrics for AB Sustainable Global Thematic Fund (ALTFX) 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 ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
ALTFX AB Sustainable Global Thematic Fund | 0.11 | ||||
^GSPC S&P 500 | 0.27 |
Dividend History
AB Sustainable Global Thematic Fund granted a 2.48% dividend yield in the last twelve months. The annual payout for that period amounted to $3.28 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $3.28 | $3.28 | $17.69 | $11.52 | $3.69 | $8.18 | $0.00 | $3.47 |
Dividend yield | 2.48% | 2.61% | 10.25% | 8.18% | 3.66% | 10.49% | 0.00% | 5.50% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $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 | $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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 2016 | $3.47 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below shows the maximum drawdowns of the AB Sustainable Global Thematic Fund. 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 Sustainable Global Thematic Fund is 80.01%, recorded on Oct 9, 2002. It took 4462 trading sessions for the portfolio to recover.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -80.01% | Mar 28, 2000 | 636 | Oct 9, 2002 | 4462 | Jul 6, 2020 | 5098 |
| -49.18% | Oct 6, 1987 | 15 | Oct 26, 1987 | 686 | Jul 12, 1990 | 701 |
| -43.3% | Jun 27, 1983 | 273 | Jul 24, 1984 | 621 | Jan 7, 1987 | 894 |
| -39.9% | Jul 17, 1990 | 62 | Oct 11, 1990 | 99 | Mar 5, 1991 | 161 |
| -35.87% | Nov 18, 2021 | 227 | Oct 14, 2022 | — | — | — |
Volatility Chart
The current AB Sustainable Global Thematic Fund volatility is 3.42%, 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.