Fund Evaluator:
AB Tax-Managed Wealth Apprec Strat C (ATWCX)
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Best Performing in Global Large-Stock Blend Over the Last Year
| 26.2% | Victory Cornerstone Equity (UCEQX) |
| 24.5% | Destinations Real Assets Z (DRAZX) |
| 23.8% | Victory Capital Growth (USCGX) |
| 23.7% | Destinations Real Assets I (DRAFX) |
| 23.7% | Victory World Equity (USAWX) |
Fund Details
AB Tax-Managed Wealth Apprec Strat C Overview
AB Tax-Managed Wealth Apprec Strat C (ATWCX) is an actively managed International Equity Global Large-Stock Blend fund. AllianceBernstein launched the fund in 2003.
The investment seeks long-term growth of capital. The fund invests primarily in equity securities, either directly or through underlying investment companies advised by the Adviser ("Underlying Portfolios"). A majority of the fund's assets are expected to be invested directly in U.S. large-cap equity securities, primarily common stocks, in accordance with the Adviser's U.S. Strategic Equities investment strategy ("U.S. Strategic Equities").
About AB Tax-Managed Wealth Apprec Strat C (ATWCX)
There are 1 members of the management team with an average tenure of 9.06 years: Ding Liu (2017). 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 Tax-Managed Wealth Apprec Strat C has 107 securities in its portfolio. The top 10 holdings constitute 52.8% 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 Tax-Managed Wealth Apprec Strat C is part of the Equity global asset class and is within the International Equity fund group. AB Tax-Managed Wealth Apprec Strat C has 30.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 68.2%. There is 30.9% 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 Tax-Managed Wealth Apprec Strat C has 0.7% of the portfolio in cash.
Assets Under Management
The fund has $1 million in total assets, which is below the $1 billion average for the Global Large-Stock Blend 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.
ATWCX 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 Tax-Managed Wealth Apprec Strat C expense ratio is high compared to funds in the Global Large-Stock Blend category. AB Tax-Managed Wealth Apprec Strat C has an expense ratio of 1.74%, which is 66% higher than its category average, making the fund expense ratio grade a F. 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 Tax-Managed Wealth Apprec Strat C has a portfolio turnover rate of 23%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 43% for the Global Large-Stock Blend category.
Recently, in the month of July 2026, AB Tax-Managed Wealth Apprec Strat C returned -0.3%, which earned it a grade of D, as the Global Large-Stock Blend category had an average return of 0.8%. 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 Tax-Managed Wealth Apprec Strat C has a trailing yield of 0.26%, which is below the 0.95% 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 Tax-Managed Wealth Apprec Strat C Grades
Year to date, the fund has returned 10.8%, 1.1 percentage points better than the category, which translates into a grade of C. The fund has returned 19.0% over the past year (grade of C), 17.2% over the past three years (grade of B) and 9.5% per year over the past five years (grade of C) and 10.6% per year over the past 10 years (grade of D).
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ATWCX 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 |
|
| ATWCX Return (NAV) | -0.3% | 2.6% | 19.0% | 17.2% | 9.5% | 10.6% |
| ATWCX Grade | D | F | C | B | C | D |
| +/- Category | -1.1% | -1.1% | 0.1% | 1.9% | 0.5% | -0.1% |
| Global Large-Stock Blend Avg | 0.8% | 3.7% | 18.8% | 15.3% | 8.9% | 10.7% |
| ATWCX Tax Cost Ratio | na | na | 0.9% | 0.4% | 0.7% | 0.9% |
ATWCX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ATWCX Return (NAV) | 10.8% | 20.3% | 17.5% | 19.4% | -19.5% | 19.3% | 11.5% | 24.2% | -10.5% | 21.9% | 4.1% |
| ATWCX Grade | C | C | B | C | F | B | D | D | C | D | D |
| +/- Category | 1.1% | 0.2% | 4.3% | 0.6% | -3.2% | 1.9% | -3.2% | -1.7% | -0.2% | -1.1% | -2.6% |
| Global Large-Stock Blend Avg | 9.8% | 20.1% | 13.2% | 18.8% | -16.2% | 17.5% | 14.6% | 25.9% | -10.4% | 23.0% | 6.6% |
| Risk Measures | |
| Standard Deviation: | 12.9% |
| Total Risk Index: | 1.05 - Above Average |
| Category Risk Index: | 1.04 - Above Average |
| Category Risk Grade: | D (77% Rank) |
| Beta: | 1.00 |
| R-Squared: | 96% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.3% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $1077 Mil |
| Fund Total Assets: | $ 1 Mil |
| Share Class Type: | C |
| Portfolio Turnover: | 23% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 9.1 years | |||
| Average Tenure: 9.1 years | |||
| Managers (Year): Liu Ding (2017) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 107 |
| % in Top 10 Holdings: | 52.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 30.9% |
Portfolio Allocation |
|
| Domestic Stock: | 68.2% |
| Foreign Stock: | 30.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.2% |
| Cash: | 0.7% |
Purchase Information
| Fund Family: | AllianceBernstein |
| Phone Number: | 800-227-4618 |
| Website: | www.AllianceBernstein.com |
| Status: | Open |
| Inception Date: | September 2, 2003 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $2,500 |
| True No-Load: | No |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 1.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 1.00% |
Expenses and Fees | |
| Expense Ratio (%): | 1.74% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.05% |
| Share Class: | AB Tax-Managed Wealth Apprec Strat Adv |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 50 |
