AB FlexFee Core Opportunities Portfolio

C000180083 Fund Overview

AB FlexFee Core Opportunities Portfolio is a US mutual fund managed by Ab Cap Fund, Inc., categorised as United States 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 Cap Fund, Inc.
• Category: United States Blend / Core Equity
• Assets under management: $973.39K
• SEC CIK: 0000081443
• SEC series ID: S000056730
• Share class ID: C000180083

C000180083 Investment Objective and Strategy

AB FlexFee Core Opportunities 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 long-term growth of capital.

Principal investment strategy

The Fund invests primarily in the equity securities of U.S. companies that the Adviser believes are undervalued. The Adviser believes that, over time, a companys stock price will come to reflect its intrinsic economic value. The Fund may invest in companies of any size and in any industry. The Adviser depends heavily upon the fundamental analysis and research of its large internal research staff in making investment decisions for the Fund. The research staff follows a primary research universe of approximately 500, largely U.S., companies. In determining a companys intrinsic economic value, the Adviser takes into account many fundamental and financial factors that it believes bear on the companys ability to perform in the future, including earnings growth, prospective cash flows, dividend growth and growth in book value.

The Adviser then ranks each of the companies in its research universe in the relative order of disparity between their intrinsic economic values and their current stock prices, with companies with the greatest disparities receiving the highest rankings (i.e., being considered the most undervalued). The Adviser anticipates that the Funds portfolio normally will include companies ranking in the top three deciles of the Advisers valuation model. The Adviser recognizes that the perception of what is a value stock is relative and the factors considered in determining whether a stock is a value stock may, and often will, have differing relative significance in different phases of an economic cycle. Also, at different times, and as a result of how individual companies are valued in the market, the Fund may be attracted to investments in companies with different market capitalizations (i.e., large-, mid- or small-capitalization) or companies engaged in particular types of business (e.g., banks and other financial institutions), although the Fund does not intend to concentrate in any particular industries or businesses.

The Funds portfolio emphasis upon particular industries or sectors will be a by-product of the stock selection process rather than the result of assigned targets or ranges. The Fund may enter into derivatives transactions, such as options, futures contracts, forwards, and swaps. The Fund may use options strategies involving the purchase and/or writing of various combinations of call and/or put options, including on individual securities and stock indices, futures contracts (including futures contracts on individual securities and stock indices) or shares of exchange-traded funds. These transactions may be used, for example, in an effort to earn extra income, to adjust exposure to individual securities or markets, or to protect all or a portion of the Funds portfolio from a decline in value, sometimes within certain ranges.

C000180083 Costs and Fees

C000180083 costs about $95 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.95%
• Gross expense ratio: 23.00%
• Portfolio turnover: 144%
• Brokerage commissions: 2.35 bps of average net assets (SEC N-CEN)

C000180083 Cashflows

Over the 12 months to 2020-03, AB FlexFee Core Opportunities Portfolio had net inflows of $0, from monthly SEC N-PORT filings.

C000180083 Debt Constituents

No individual debt constituents are reported in AB FlexFee Core Opportunities Portfolio's latest SEC N-PORT filing.

C000180083 Prospectus and SEC Filings

Official AB FlexFee Core Opportunities Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2019-05-09
• Prospectus (485BPOS) — filed 2018-05-17
• Prospectus (485BPOS) — filed 2017-04-04
• Portfolio holdings (N-PORT) — filed 2020-05-28
• Portfolio holdings (N-PORT) — filed 2020-02-10
• Portfolio holdings (N-PORT) — filed 2019-11-27
• Annual census (N-CEN) — filed 2020-03-11
• Annual census (N-CEN) — filed 2019-03-12

Related Funds

Other United States Blend / Core Equity funds tracked on ABC INVEST:

• International Small Company Portfolio (DFISX)
• iShares Preferred and Income Securities ETF (PFF)
• Guggenheim Macro Opportunities Fund (GIOAX)
• Emerging Markets Portfolio (DFEMX)
• Eaton Vance Global Macro Absolute Return Advantage Fund (EGRAX)

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.