This AllianceBernstein fund is managed by Seth Masters since its inception in December 1995. This is a no load fund, it means there is no 12b1 fee as well no sales load fee (either front-end sales load or deferred sales load). It has an annual holdings turnover of 67% as of July 2011. This fund has total net assets of $1.79 billion.
This fund is currently positioned on the rank 52nd in the Diversified Emerging Markets category. The SNEMX fund has -1.14% YTD return. The performance of this fund is as below:
* 1-year: 14.66%
* 3-year: 3.66%
* 5-year: 8.32%
* 10-year: 18.21%
So far, this Bernstein fund has with 10 years positive returns and 5 years negative returns. The best achievement was in year 2009 with 87.40%. Morningstar has provided this fund with 4-stars return rating. The minimum initial investment for this SNEMX fund is $25,000 for brokerage account. This diversified emerging markets stock fund is currently available for purchase from a limited of 4 brokerages. They are Northwestern Mutual Inv Srvc, LLC, DailyAccess Corporation RTC, Trade PMR Transaction Fee, and Waddell & Reed Choice MAP Flex.
As of May 2011, the top holdings of this SNEMX fund are Samsung Electronics Co, Ltd (3.14%), Vales SA ADR (3.12%), OAO Gazprom ADR (3.04%), Lukoil Company ADR (1.91%) and CNOOC Ltd (1.85%). Majority of the assets are invested in stocks (98.85%). The top sectors are Financial Services (24.90%), Energy (16.13%), Technology (15.65%), Basic Materials (13.42%) and Consumer Cyclical (10.22%).
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