AB All Market Income Portfolio
Data updated: 2023-02-09
C000147170 — AB All Market Income Portfolio. Balanced Allocation · $48.08M AUM · 0.75% expense ratio. Holdings, fees, performance and SEC filings.
C000147170 Fund Overview
AB All Market Income Portfolio is a US mutual fund managed by Ab Cap Fund, Inc., categorised as Balanced Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Ab Cap Fund, Inc.
- Category: Balanced Allocation
- Assets under management: $48.08M
- 1-year return: -15.9%
- SEC CIK: 0000081443
- SEC series ID: S000047072
- Share class ID: C000147170
C000147170 Investment Objective and Strategy
AB All Market Income Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Ab Cap Fund, Inc..
Investment objective
The Fund's investment objective is to seek current income with consideration of capital appreciation.
Principal investment strategy
"The Adviser will allocate the Fund's investments primarily among a broad range of income-producing securities, including common stock of companies that regularly pay dividends (including real estate investment trusts), debt securities (including high-yield debt securities, also known as ""junk bonds""), preferred stocks, and derivatives related to these types of securities. In addition, the Fund may engage in certain alternative income strategies that generally utilize derivatives to diversify sources of income and manage risk. The Fund pursues a global strategy, typically investing in securities of issuers located in the United States and in other countries throughout the world, including emerging market countries. In selecting equity securities for the Fund, the Adviser will focus on securities that have high dividend yields and are undervalued by the market relative to their long-term earnings potential.
The Adviser intends to gain exposure to high-yield debt securities through investment in the AB High Income Fund and may, in the future, gain such exposure through direct investments in high-income securities. It is expected that the Fund will pursue a number of generally derivatives-based alternative investment strategies, such as taking long positions in currency derivatives on higher yielding currencies and/or short positions in currency derivatives on lower yielding currencies. The Adviser will adjust the Fund's investment exposure utilizing the Adviser's Dynamic Asset Allocation (""DAA"") approach. DAA comprises a series of analytical and forecasting tools employed by the Adviser to gauge fluctuations in the risk/return profile of various asset classes. DAA seeks to adjust the Fund's investment exposure in changing market conditions and thereby reduce overall portfolio volatility by mitigating the effects of market fluctuations, while preserving consistent long-term return potential.
For example, the Adviser may seek to reduce the Fund's risk exposure to one or more asset classes when DAA suggests that market risks relevant to those asset classes are rising but return opportunities are declining. In addition to directly increasing or decreasing asset class exposure by buying or selling securities in that asset class, the Adviser may pursue DAA implementation for the Fund by investing in derivatives and exchange-traded funds (""ETFs""). The Adviser intends to utilize a variety of derivatives in its management of the Fund. The Adviser may use derivatives to gain exposure to an asset class, such as using interest rate derivatives to gain exposure to sovereign bonds. As noted above, the Adviser may separately pursue certain alternative investment strategies that utilize derivatives, and may enter into derivatives in making the adjustments called for by DAA.
As a result of the use of derivatives and short sales of securities, the Fund will frequently be leveraged, with gross investment exposure substantially in excess of its net assets. Currency exchange rate fluctuations can have a dramatic impact on returns. The Fund's foreign currency exposures will come both from investments in equity and debt securities priced or denominated in foreign currencies and from direct holdings of foreign currencies and currency-related derivatives. The Adviser may seek to hedge all or a portion of the currency exposure resulting from Fund investments or decide not to hedge this exposure. The Adviser may seek investment opportunities by taking long or short positions in currencies through the use of currency-related derivatives."
C000147170 Holdings
Top 10 holdings of AB All Market Income Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| AB High Income Fund Inc | 40.30% |
| Alliance Bernstein | 7.07% |
| Microsoft Corp | 1.66% |
| Ubs AG | 1.40% |
| Apple Inc | 1.20% |
| Alliance Bernstein | 1.14% |
| Alphabet Inc | 0.76% |
| Vanguard Global ex-U.S. Real Estate ETF | 0.75% |
| Vanguard Real Estate ETF | 0.72% |
| Roche Holding AG | 0.65% |
C000147170 Portfolio Allocation
Asset-class allocation of AB All Market Income Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 89.1% |
| Cash & Equivalents | 8.2% |
| Fixed Income | 1.9% |
| Derivatives | 1.0% |
C000147170 Performance
Total returns for C000147170 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -15.9% |
| 3 years (annualised) | -4.8% |
C000147170 Risk Information
Risk metrics for C000147170, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 12.5%
C000147170 Costs and Fees
C000147170 costs about $75 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.75%
- Gross expense ratio: 1.41%
- Portfolio turnover: 86%
- Brokerage commissions: 5.37 bps of average net assets (SEC N-CEN)
C000147170 Cashflows
Over the 12 months to 2022-11, AB All Market Income Portfolio had net outflows of $28.17M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-11 | −$24.71M |
| 2022-10 | $845.31K |
| 2022-09 | $1.96M |
| 2022-08 | $224.39K |
| 2022-07 | $271.30K |
| 2022-06 | −$973.05K |
C000147170 Debt Constituents
Largest debt holdings of AB All Market Income Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Republic Of Guatemala | 0.26% |
| Republic Of Kenya | 0.24% |
| Republic Of Gabon | 0.21% |
| Republic of Senegal | 0.19% |
| Republic of South Africa | 0.13% |
| Mex Bonos Desarr Fix Rt | 0.12% |
| Indonesia Government | 0.11% |
| Titulos De Tesoreria | 0.09% |
| Indonesia Government | 0.09% |
| Nota Do Tesouro Nacional | 0.08% |
C000147170 Prospectus and SEC Filings
Official AB All Market Income Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-03-01
- Prospectus (485BPOS) — filed 2021-02-26
- Prospectus (485BPOS) — filed 2020-03-09
- Portfolio holdings (N-PORT) — filed 2023-01-30
- Portfolio holdings (N-PORT) — filed 2022-10-26
- Portfolio holdings (N-PORT) — filed 2022-07-25
- Annual census (N-CEN) — filed 2023-02-09
- Annual census (N-CEN) — filed 2022-02-10
Related Funds
Other Balanced Allocation 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.