Fund Evaluator:
AB Global Risk Allocation I (CABIX)
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Fund Details
AB Global Risk Allocation I Overview
AB Global Risk Allocation I (CABIX) is an actively managed Allocation Tactical Allocation fund. AllianceBernstein launched the fund in 2005.
The investment seeks total return consistent with reasonable risks through a combination of income and long-term growth of capital. The fund invests dynamically in a number of global asset classes, including equity/credit, fixed-income, and inflation-sensitive instruments. Equity securities will comprise no more than 75% of the fund's investments. The fund may invest in fixed-income securities with a range of maturities from short- to long-term. It may invest up to 20% of its assets in high-yield securities.
About AB Global Risk Allocation I (CABIX)
There are 3 members of the management team with an average tenure of 8.22 years: Daniel Loewy (2016), Leon Zhu (2012), Carl Jones (2026). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: MSCI World NR USD index with a weighting of 100% and Bloomberg Global Aggregate TR USD index with a weighting of 100%. AB Global Risk Allocation I has 18 securities in its portfolio. The top 10 holdings constitute 97.0% 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 Global Risk Allocation I is part of the Allocation global asset class and is within the Allocation fund group. AB Global Risk Allocation I has 29.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 20.5%. There is 16.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 31.0% (18.7% domestic bond, 12.3% foreign bond and 0.0% convertible bond). AB Global Risk Allocation I has 31.7% of the portfolio in cash.
Assets Under Management
The fund has $2 million in total assets, which is below the $222 million average for the Tactical Allocation 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.
CABIX 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 Global Risk Allocation I expense ratio is high compared to funds in the Tactical Allocation category. AB Global Risk Allocation I has an expense ratio of 1.19%, which is 32% lower than its category average, making the fund expense ratio grade a B. 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 Global Risk Allocation I has a portfolio turnover rate of 35%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 196% for the Tactical Allocation category.
Recently, in the month of July 2026, AB Global Risk Allocation I returned -0.5%, which earned it a grade of C, as the Tactical Allocation category had an average return of -0.9%. 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 Global Risk Allocation I has a trailing yield of 5.18%, which is above the 2.86% category average. The fund normally distributes its income 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 Global Risk Allocation I Grades
Year to date, the fund has returned 5.4%, 3.0 percentage points worse than the category, which translates into a grade of D. The fund has returned 11.9% over the past year (grade of D), 9.6% over the past three years (grade of D) and 4.6% per year over the past five years (grade of C) and 6.4% per year over the past 10 years (grade of C).
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CABIX 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 |
|
| CABIX Return (NAV) | -0.5% | 0.2% | 11.9% | 9.6% | 4.6% | 6.4% |
| CABIX Grade | C | D | D | D | C | C |
| +/- Category | 0.3% | -1.3% | -4.2% | -1.0% | -0.7% | 0.1% |
| Tactical Allocation Avg | -0.9% | 1.5% | 16.2% | 10.6% | 5.3% | 6.3% |
| CABIX Tax Cost Ratio | na | na | 3.2% | 2.6% | 2.9% | 2.0% |
CABIX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CABIX Return (NAV) | 5.4% | 13.9% | 7.8% | 6.4% | -9.7% | 12.4% | 10.9% | 16.6% | -8.7% | 12.1% | 7.7% |
| CABIX Grade | D | C | C | D | B | C | B | B | D | C | B |
| +/- Category | -3.0% | 1.2% | -1.2% | -4.4% | 3.4% | -0.3% | 0.7% | 3.1% | -2.5% | -1.0% | 2.1% |
| Tactical Allocation Avg | 8.4% | 12.7% | 8.9% | 10.8% | -13.1% | 12.7% | 10.2% | 13.5% | -6.2% | 13.2% | 5.6% |
| Risk Measures | |
| Standard Deviation: | 8.4% |
| Total Risk Index: | 0.68 - Below Average |
| Category Risk Index: | 0.82 - Below Average |
| Category Risk Grade: | B (29% Rank) |
| Beta: | 0.86 |
| R-Squared: | 92% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | High Quality Extensive Sensitivity |
| Yield: | 5.2% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | |
| Total Assets: | $160 Mil |
| Fund Total Assets: | $ 3 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 35% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 13.8 years | |||
| Average Tenure: 8.2 years | |||
| Managers (Year): Zhu Leon (2012), Loewy Daniel (2016), Jones Carl (2026) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 18 |
| % in Top 10 Holdings: | 97.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 29.1% |
Portfolio Allocation |
|
| Domestic Stock: | 20.5% |
| Foreign Stock: | 16.8% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 18.7% |
| Foreign Bond: | 12.3% |
| Convertible Bond: | 0.0% |
| Other: | 0.1% |
| Cash: | 31.7% |
Purchase Information
| Fund Family: | AllianceBernstein |
| Phone Number: | 800-227-4618 |
| Website: | www.AllianceBernstein.com |
| Status: | Open |
| Inception Date: | March 1, 2005 |
| Min. Initial Purchase: | $2,000,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 1.19% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.76% |
| Share Class: | AB Global Risk Allocation A |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
