Fund Evaluator:
AB Sustainable Global Thematic A (ALTFX)
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Best Performing in Global Large-Stock Growth Over the Last Year
| 28.7% | Fidelity Advisor Climate Action Z (FCLZX) |
| 28.6% | Fidelity Climate Action (FCAEX) |
| 27.7% | T. Rowe Price Global Stock (PRGSX) |
| 23.1% | Fidelity Advisor Worldwide Z (FIQOX) |
| 23.0% | Fidelity Worldwide (FWWFX) |
Fund Details
AB Sustainable Global Thematic A Overview
AB Sustainable Global Thematic A (ALTFX) is an actively managed International Equity Global Large-Stock Growth fund. AllianceBernstein launched the fund in 1982.
The investment seeks long-term growth of capital. The fund pursues opportunistic growth by investing in a global universe of companies whose business activities the Adviser believes position the company to benefit from certain sustainable investment themes that align with one or more of the United Nations Sustainable Development Goals ("SDGs"). The Adviser employs a combination of "top-down" and "bottom-up" investment processes with the goal of identifying securities of companies worldwide, that fit into sustainable investment themes.
About AB Sustainable Global Thematic A (ALTFX)
There are 2 members of the management team with an average tenure of 1.59 years: Benjamin Ruegsegger (2023), Edward Bryan (2026). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI ACWI NR USD index with a weighting of 100%. AB Sustainable Global Thematic A has 55 securities in its portfolio. The top 10 holdings constitute 35.6% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is considered to have an ESG focus with its investment selection and management.
AB Sustainable Global Thematic A is part of the Equity global asset class and is within the International Equity fund group. AB Sustainable Global Thematic A has 39.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 54.4%. There is 39.1% 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 Sustainable Global Thematic A has 6.5% of the portfolio in cash.
Assets Under Management
The fund has $587 million in total assets, which is below the $988 million average for the Global Large-Stock Growth 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.
ALTFX 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 Sustainable Global Thematic A expense ratio is high compared to funds in the Global Large-Stock Growth category. AB Sustainable Global Thematic A has an expense ratio of 1.03%, which is 8% 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 Sustainable Global Thematic A has a portfolio turnover rate of 62%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 47% for the Global Large-Stock Growth category.
Recently, in the month of July 2026, AB Sustainable Global Thematic A returned -2.7%, which earned it a grade of C, as the Global Large-Stock Growth category had an average return of -2.4%. 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 Sustainable Global Thematic A has a trailing yield of 0.00%, which is below the 0.27% 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 Sustainable Global Thematic A Grades
Year to date, the fund has returned 1.8%, 4.2 percentage points worse than the category, which translates into a grade of D. The fund has returned 2.2% over the past year (grade of F), 5.3% over the past three years (grade of F) and 1.0% per year over the past five years (grade of F) and 9.9% per year over the past 10 years (grade of F).
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ALTFX 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 |
|
| ALTFX Return (NAV) | -2.7% | 1.1% | 2.2% | 5.3% | 1.0% | 9.9% |
| ALTFX Grade | C | D | F | F | F | F |
| +/- Category | -0.3% | -1.7% | -9.4% | -9.3% | -5.3% | -2.2% |
| Global Large-Stock Growth Avg | -2.4% | 2.8% | 11.6% | 14.6% | 6.2% | 12.1% |
| ALTFX Tax Cost Ratio | na | na | 2.8% | 1.6% | 1.5% | 1.4% |
ALTFX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ALTFX Return (NAV) | 1.8% | 6.3% | 6.0% | 16.0% | -27.2% | 22.3% | 39.4% | 29.5% | -9.9% | 37.2% | 2.7% |
| ALTFX Grade | D | F | F | F | C | A | A | D | F | A | B |
| +/- Category | -4.2% | -10.1% | -11.6% | -9.4% | -0.4% | 7.5% | 6.3% | -1.3% | -2.7% | 6.3% | 1.1% |
| Global Large-Stock Growth Avg | 6.0% | 16.3% | 17.6% | 25.4% | -26.8% | 14.8% | 33.0% | 30.7% | -7.1% | 30.9% | 1.5% |
| Risk Measures | |
| Standard Deviation: | 14.6% |
| Total Risk Index: | 1.19 - Above Average |
| Category Risk Index: | 0.95 - Average |
| Category Risk Grade: | C (47% Rank) |
| Beta: | 1.10 |
| R-Squared: | 90% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $1281 Mil |
| Fund Total Assets: | $ 587 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 62% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 2.8 years | |||
| Average Tenure: 1.6 years | |||
| Managers (Year): Ruegsegger Benjamin (2023), Bryan Edward (2026) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 55 |
| % in Top 10 Holdings: | 35.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 39.1% |
Portfolio Allocation |
|
| Domestic Stock: | 54.4% |
| Foreign Stock: | 39.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 6.5% |
Purchase Information
| Fund Family: | AllianceBernstein |
| Phone Number: | 800-227-4618 |
| Website: | www.AllianceBernstein.com |
| Status: | Open |
| Inception Date: | March 1, 1982 |
| 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 (%): | 1.03% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.12% |
| Share Class: | AB Sustainable Global Thematic A |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 50 |
