AB Select Absolute Alpha: I
  • Fund Manager  
    Kurt Feurman
  • Currency  
    USD
  • Sector  
  • Fund Type  
    Open Ended
  • Fund Size  
    $916.85m
  • Launch Date  
    02/03/2012
  • Lipper Total Return  

The investment objective is long term growth of capital. The Portfolio seeks to generate attractive risk-adjusted returns by employing an absolute return strategy. The Portfolio seeks to meet its investment objective by primarily investing in a diversified portfolio of securities, including, but not limited to, growth stocks and value stocks of companies with experienced management teams and significant earnings potential. The Investment Manager intends to allocate the Portfolio’s investments primarily to medium and large capitalization companies. The Portfolio’s equity exposure will primarily be in US issuers and, to a lesser extent, non-US issuers.

Kurt Feuerman is Chief Investment Officer of Select US Equity Portfolios, focusing primarily on equity securities traded on US exchanges. Prior to joining the firm in June 2011, he was a senior managing director and senior trader with Caxton Associates for more than 12 years, and a managing director for nine years with Morgan Stanley, where his responsibilities included managing part of the firm’s US equity business. Earlier, Feuerman was a managing director with Drexel Burnham Lambert for six years, specializing as a sell-side securities analyst. He began his career in 1982 at the Bank of New York. Feuerman holds a BA in philosophy from McGill University, an MA in philosophy from Syracuse University and an MBA in finance from Columbia University.

Performance

1 Year 3 Year 5 Year
AB SICAV I‐Select Absolute Alpha Pf I USD 0.12% 24.07% 37.02%
S&P 500 NR 9.38% 51.76% 101.56%
Figures correct as at 18/08/17
As at 18/08/17
Collected - HLDG Top Holdings as at 30/06/2017
HLDG Top Holdings % of fund
US TREASURY 0.000% 03-AUG-2017
8.22%
US TREASURY 0.000% 17-AUG-2017
5.75%
US TREASURY 0.000% 20-JUL-2017
5.73%
MCDONALD'S CORP ORD
4.62%
HONEYWELL INTERNATIONAL INC ORD
3.81%
NORTHROP GRUMMAN CORP ORD
3.58%
US TREASURY 0.000% 10-AUG-2017
3.54%
ALPHABET INC ORD
2.71%
JOHNSON & JOHNSON ORD
2.66%
NORFOLK SOUTHERN CORP ORD
2.49%

Fees

Charge Amount Rating
Total Expense Ratio1.26
Data provided by Lipper. Care has been taken to ensure that the information is correct, but PIP Financial neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.