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Morningstar

AllianceBern Tax–Aware Overlay A 1 SATOX

Morningstar Medalist Rating
Medalist Rating as of | See AllianceBernstein Investment Hub
  • NAV / 1-Day Return 12.72  /  1.11 %
  • Total Assets 4.5 Bil
  • Adj. Expense Ratio
    1.120%
  • Expense Ratio 1.140%
  • Distribution Fee Level Average
  • Share Class Type No Load
  • Category Global Allocation
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity —
  • Status Open
  • TTM Yield 1.80%
  • Turnover 25%

USD | NAV as of Dec 01, 2023 | 1-Day Return as of Dec 01, 2023, 11:25 PM GMT+0

Morningstar’s Analysis SATOX

Will SATOX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SATOX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the SATOX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of SATOX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in AllianceBern Tax – Aware Overlay A 1's Process and People Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings SATOX

More SATOX Holdings
  • Current Portfolio Date
  • Equity Holdings 251
  • Bond Holdings 4
  • Other Holdings 130
  • % Assets in Top 10 Holdings −400.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash Offset

425.29
14,007,161,505
—

Nikkei 225 Future Sept 22

72.06
2,373,166,846
—

AB International Strat Eqs Z

21.24
699,633,433
—

10 Year Treasury Note Future Sept 22

16.63
547,851,438
Government

Hang Seng Index Future July 22

16.47
542,303,656
—

2 Year Treasury Note Future Sept 22

11.94
393,149,252
Government

AB Government Money Market Instl

10.94
360,407,721
Cash and Equivalents

AB All Market Real Return Z

10.01
329,645,215
—

Purchased Usd / Sold Gbp Purchased

7.70
253,487,602
Derivative

Purchased Usd / Sold Eur Purchased

6.32
208,017,140
Derivative