AB Tax-Managed Wealth Appreciation Strategy
Data updated: 2026-09-09
C000029034 — AB Tax-Managed Wealth Appreciation Strategy. United States Large Cap Blend / Core Equity. Holdings, fees, performance and SEC filings.
C000029034 Fund Overview
AB Tax-Managed Wealth Appreciation Strategy is a US mutual fund managed by Ab Portfolios, categorised as United States Large Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Ab Portfolios
- Category: United States Large Cap Blend / Core Equity
- Assets under management: $1.08B
- SEC CIK: 0000812015
- SEC series ID: S000010515
- Share class ID: C000029034
C000029034 Investment Objective and Strategy
AB Tax-Managed Wealth Appreciation Strategy describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Ab Portfolios.
Investment objective
The Fund's investment objective is long-term growth of capital.
Principal investment strategy
"The Fund invests primarily in equity securities, either directly or through underlying investment companies advised by the Adviser (""Underlying Portfolios""). A majority of the Fund's assets are expected to be invested directly in U.S. large-cap equity securities, primarily common stocks, in accordance with the Adviser's U.S. Strategic Equities investment strategy (""U.S. Strategic Equities""), as described below. In addition, the Fund seeks to achieve exposure to international large-cap equity securities through investments in the INTERNATIONAL STRATEGIC EQUITIES PORTFOLIO of BERNSTEIN FUND, INC. (""Bernstein International Strategic Equities Portfolio"") and the TAX-MANAGED INTERNATIONAL PORTFOLIO of SANFORD C. BERNSTEIN FUND, INC. (""SCB Tax-Managed International Portfolio""), each a registered investment company advised by the Adviser.
The Fund also invests in other Underlying Portfolios to efficiently gain exposure to certain other types of equity securities, including small- and mid-cap and emerging market equity securities. An Underlying Portfolio is selected based on the segment of the equity market to which the Underlying Portfolio provides exposure, its investment philosophy, and how it complements and diversifies the Fund's overall portfolio. Under U.S. Strategic Equities, portfolio managers of the Adviser that specialize in various investment disciplines identify high-conviction large-cap equity securities based on their fundamental investment research for potential investment by the Fund. These securities are then assessed in terms of both this fundamental research and quantitative analysis in creating the Fund's portfolio.
In applying the quantitative analysis, the Adviser considers a number of metrics that historically have provided some indication of favorable future returns, including metrics related to valuation, quality, investor behavior and corporate behavior. Bernstein International Strategic Equities Portfolio and SCB Tax-Managed International Portfolio focus on investing in non-U.S. large-cap and mid-cap equity securities. Bernstein International Strategic Equities Portfolio follows a strategy similar to U.S. Strategic Equities, but in the international context. In managing SCB Tax-Managed International Portfolio, the Adviser selects stocks by drawing on the capabilities of its separate investment teams specializing in different investment disciplines, including value, growth, stability and others.
Fluctuations in currency exchange rates can have a dramatic impact on the returns of foreign equity securities. The Adviser may employ currency hedging strategies in the Fund or the Underlying Portfolios, including the use of currency-related derivatives, to seek to reduce currency risk in the Fund or the Underlying Portfolios, but it is not required to do so. The Fund seeks to maximize after-tax returns to shareholders by taking into account the tax impact of buy and sell investment decisions on its shareholders. For example, the Adviser may sell certain securities in order to realize capital losses. Capital losses may be used to offset realized capital gains. To minimize capital gains distributions, the Adviser may sell securities in the Fund with the highest cost basis. The Adviser may monitor the length of time the Fund has held an investment to evaluate whether the investment should be sold at a short-term gain or held for a longer period so that the gain on the investment will be taxed at the lower long-term rate.
In making this decision, the Adviser considers whether, in its judgment, the risk of continued exposure to the investment is worth the tax savings of a lower capital gains rate. There can be no assurance that any of these strategies will be effective or that their use will not adversely affect the gross returns of the Fund."
C000029034 Holdings
Top 10 holdings of AB Tax-Managed Wealth Appreciation Strategy by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Bernstein International Strategic Equities Portfolio | 23.81% |
| NVIDIA Corp | 4.78% |
| AB International Small Cap Portfolio | 3.76% |
| Alphabet Inc | 3.50% |
| Microsoft Corp | 3.37% |
| AB Discovery Value Fund | 3.15% |
| Apple Inc | 3.11% |
| Amazon.com Inc | 2.65% |
| AB Discovery Growth Fund Inc | 2.41% |
| Bernstein Small Cap Core Portfolio | 2.25% |
C000029034 Portfolio Allocation
Asset-class allocation of AB Tax-Managed Wealth Appreciation Strategy by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.8% |
| Cash & Equivalents | 0.2% |
C000029034 Costs and Fees
C000029034 costs about $180 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.80%
- Gross expense ratio: 2.17%
- Portfolio turnover: 23%
- Brokerage commissions: 0.22 bps of average net assets (SEC N-CEN)
C000029034 Cashflows
Over the 12 months to 2026-06, AB Tax-Managed Wealth Appreciation Strategy had net inflows of $6.05M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$2.06M |
| 2026-05 | −$3.96M |
| 2026-04 | −$6.73M |
| 2026-03 | −$157.03K |
| 2026-02 | $1.12M |
| 2026-01 | −$4.74M |
C000029034 Debt Constituents
No individual debt constituents are reported in AB Tax-Managed Wealth Appreciation Strategy's latest SEC N-PORT filing.
C000029034 Prospectus and SEC Filings
Official AB Tax-Managed Wealth Appreciation Strategy filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-12-29
- Prospectus (485BPOS) — filed 2024-12-26
- Prospectus (485BPOS) — filed 2023-12-29
- Portfolio holdings (N-PORT) — filed 2026-08-26
- Portfolio holdings (N-PORT) — filed 2026-07-24
- Portfolio holdings (N-PORT) — filed 2026-04-24
- Annual census (N-CEN) — filed 2026-09-09
- Annual census (N-CEN) — filed 2025-11-13
Related Funds
Other United States Large Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.