Fund Evaluator:
AB Large Cap Value A (ABVAX)
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Fund Details
AB Large Cap Value A Overview
AB Large Cap Value A (ABVAX) is an actively managed U.S. Equity Large Value fund. AllianceBernstein launched the fund in 2001.
The investment seeks long-term growth of capital. The fund invests in a diversified portfolio of equity securities of large capitalization companies that the Adviser believes are undervalued. The fund invests in companies that are determined by the Adviser to be undervalued using the fundamental value approach of the Adviser. Under normal circumstances, the fund invests at least 80% of its net assets, including any borrowings for investment purposes, in equity securities of large capitalization companies.
About AB Large Cap Value A (ABVAX)
There are 1 members of the management team with an average tenure of 0.89 years: Snezhana Otto (2025). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Russell 1000 Value TR USD index with a weighting of 100%. AB Large Cap Value A has 61 securities in its portfolio. The top 10 holdings constitute 32.8% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
AB Large Cap Value A is part of the Equity global asset class and is within the U.S. Equity fund group. AB Large Cap Value A has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.7%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). AB Large Cap Value A has 1.3% of the portfolio in cash.
Assets Under Management
The fund has $61 million in total assets, which is below the $1 billion average for the Large Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
ABVAX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The AB Large Cap Value A expense ratio is high compared to funds in the Large Value category. AB Large Cap Value A has an expense ratio of 0.89%, which is 4% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. AB Large Cap Value A has a portfolio turnover rate of 48%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Large Value category.
Recently, in the month of July 2026, AB Large Cap Value A returned 1.9%, which earned it a grade of D, as the Large Value category had an average return of 2.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
AB Large Cap Value A has a trailing yield of 0.87%, which is below the 1.20% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
AB Large Cap Value A Grades
Year to date, the fund has returned 21.3%, 7.1 percentage points better than the category, which translates into a grade of A. The fund has returned 34.3% over the past year (grade of A), 18.8% over the past three years (grade of A) and 13.5% per year over the past five years (grade of A) and 11.1% per year over the past 10 years (grade of C).
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ABVAX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| ABVAX Return (NAV) | 1.9% | 8.8% | 34.3% | 18.8% | 13.5% | 11.1% |
| ABVAX Grade | D | A | A | A | A | C |
| +/- Category | -1.0% | 2.6% | 10.4% | 3.1% | 2.7% | -0.2% |
| Large Value Avg | 2.9% | 6.2% | 23.8% | 15.7% | 10.9% | 11.3% |
| ABVAX Tax Cost Ratio | na | na | 2.3% | 2.1% | 2.4% | 1.5% |
ABVAX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ABVAX Return (NAV) | 21.3% | 16.7% | 15.6% | 18.5% | -7.0% | 27.0% | 0.9% | 19.9% | -15.1% | 13.4% | 11.0% |
| ABVAX Grade | A | B | B | A | D | B | D | F | F | F | F |
| +/- Category | 7.1% | 1.6% | 1.5% | 6.7% | -1.0% | 1.2% | -2.9% | -5.7% | -6.6% | -3.0% | -3.6% |
| Large Value Avg | 14.3% | 15.2% | 14.1% | 11.8% | -6.0% | 25.8% | 3.8% | 25.6% | -8.5% | 16.4% | 14.6% |
| Risk Measures | |
| Standard Deviation: | 13.7% |
| Total Risk Index: | 1.12 - Above Average |
| Category Risk Index: | 1.14 - High |
| Category Risk Grade: | F (96% Rank) |
| Beta: | 0.82 |
| R-Squared: | 61% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 0.9% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $536 Mil |
| Fund Total Assets: | $ 61 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 48% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 0.9 years | |||
| Average Tenure: 0.9 years | |||
| Managers (Year): Otto Snezhana (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 61 |
| % in Top 10 Holdings: | 32.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 98.7% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.3% |
Purchase Information
| Fund Family: | AllianceBernstein |
| Phone Number: | 800-227-4618 |
| Website: | www.AllianceBernstein.com |
| Status: | Open |
| Inception Date: | March 29, 2001 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $2,500 |
| True No-Load: | No |
| Front Load Maximum: | 4.25% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 0.89% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.93% |
| Share Class: | AB Large Cap Value Advisor |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 50 |
