Fund Evaluator:
AB Concentrated Growth Advisor (WPSGX)
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Fund Details
AB Concentrated Growth Advisor Overview
AB Concentrated Growth Advisor (WPSGX) is an actively managed U.S. Equity Large Growth fund. AllianceBernstein launched the fund in 1994.
The investment seeks long-term growth of capital. The Adviser seeks to achieve the fund's investment objective of long-term growth of capital by investing primarily in common stocks of listed U.S. companies. The Adviser employs an appraisal method that attempts to measure each prospective company's quality and growth rate by numerous factors. Such factors include: a company's record and projections of profit and earnings growth, accuracy and availability of information with respect to the company. The fund invests in a relatively small number of individual stocks. It is non-diversified.
About AB Concentrated Growth Advisor (WPSGX)
There are 1 members of the management team with an average tenure of 1.25 years: Michael Walker (2025). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. AB Concentrated Growth Advisor has 22 securities in its portfolio. The top 10 holdings constitute 60.8% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
AB Concentrated Growth Advisor is part of the Equity global asset class and is within the U.S. Equity fund group. AB Concentrated Growth Advisor 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 Concentrated Growth Advisor has 1.3% of the portfolio in cash.
Assets Under Management
The fund has $406 million in total assets, which is below the $2 billion average for the Large 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.
WPSGX 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 Concentrated Growth Advisor expense ratio is above average compared to funds in the Large Growth category. AB Concentrated Growth Advisor has an expense ratio of 0.75%, which is 22% 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 Concentrated Growth Advisor has a portfolio turnover rate of 18%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 54% for the Large Growth category.
Recently, in the month of July 2026, AB Concentrated Growth Advisor returned 2.7%, which earned it a grade of A, as the Large Growth category had an average return of -3.1%. 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 Concentrated Growth Advisor has a trailing yield of 0.03%, which is below the 0.06% 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 Concentrated Growth Advisor Grades
Year to date, the fund has returned -2.4%, 6.1 percentage points worse than the category, which translates into a grade of F. The fund has returned -4.2% over the past year (grade of F), 6.7% over the past three years (grade of F) and 2.4% per year over the past five years (grade of F) and 11.5% per year over the past 10 years (grade of F).
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WPSGX 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 |
|
| WPSGX Return (NAV) | 2.7% | 1.6% | -4.2% | 6.7% | 2.4% | 11.5% |
| WPSGX Grade | A | C | F | F | F | F |
| +/- Category | 5.8% | -0.2% | -13.3% | -11.4% | -6.3% | -3.9% |
| Large Growth Avg | -3.1% | 1.7% | 9.1% | 18.1% | 8.7% | 15.4% |
| WPSGX Tax Cost Ratio | na | na | 2.0% | 1.6% | 1.5% | 1.2% |
WPSGX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| WPSGX Return (NAV) | -2.4% | 6.2% | 11.1% | 19.7% | -24.6% | 31.5% | 21.3% | 39.7% | 1.5% | 23.0% | 5.4% |
| WPSGX Grade | F | F | F | F | A | A | F | A | B | F | B |
| +/- Category | -6.1% | -9.5% | -18.6% | -19.2% | 7.5% | 11.1% | -21.0% | 6.5% | 2.2% | -6.8% | 2.6% |
| Large Growth Avg | 3.7% | 15.7% | 29.7% | 38.9% | -32.1% | 20.4% | 42.3% | 33.2% | -0.7% | 29.8% | 2.7% |
| Risk Measures | |
| Standard Deviation: | 13.5% |
| Total Risk Index: | 1.10 - Above Average |
| Category Risk Index: | 0.77 - Low |
| Category Risk Grade: | A (7% Rank) |
| Beta: | 0.90 |
| R-Squared: | 77% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $461 Mil |
| Fund Total Assets: | $ 407 Mil |
| Share Class Type: | Adv |
| Portfolio Turnover: | 18% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 1.3 years | |||
| Average Tenure: 1.3 years | |||
| Managers (Year): Walker Michael (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 22 |
| % in Top 10 Holdings: | 60.8% |
| Fund is Non-Diversified: | Yes |
| % 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.abglobal.com |
| Status: | Open |
| Inception Date: | February 28, 1994 |
| Min. Initial Purchase: | $ 0 |
| 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 (%): | 0.75% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 0.96% |
| Share Class: | AB Concentrated Growth Advisor |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
