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FairHorizon Red
R47-A

AB SICAV I - International Health Care Portfolio

Global developed and emerging market equities focusing on health care related stocks. Active bottom-up fundamental and quantitative approach.

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About the Fund

Data as of

AllianceBernstein (AB) is a US-based global asset management firm created from the merger of Alliance Capital and Sanford C. Bernstein in the year 2000. AB manages over US$820bn worth of assets across long-only funds and private asset solutions.

The AB International Health Care Portfolio is an actively managed fund that seeks to increase the value of investment over time through capital growth, by investing primarily in equities of companies in healthcare and healthcare-related industries globally across both developed and emerging markets. The fund has no market cap constraints though it has a large cap bias. The fund uses bottom-up fundamental and quantitative research to select securities that it believes have strong business fundamentals and offer superior long-term growth characteristics. The fund balances portfolio risk by allocating capital across various health care sub-sectors including pharmaceuticals, healthcare equipment, biotechnology and healthcare services. The fund has a concentrated portfolio of >45 holdings.

Performance

Price Performance – Maximum Period

The FairHorizon Context

Investment-Time-Horizon in years

0 - 22 - 44 - 7 7 - 1010 - 1515+
Expected long-term return
2 - 4% p.a.
Expected volatility
3 - 5% p.a.

Building Block Returns

AB SICAV I - International Health Care Portfolio

Ann. return (3-year):
3.11%
Ann. return (5-year):
3.98%
Ann. return (10-year):
9.26%
Ann. Standard Deviation (5-year):
14.70%

This fund represents active exposure to global large cap-biased healthcare-related companies.

Benchmark Returns

SPDR MSCI All Country World UCITS ETF

Ann. return (3-year):
19.93%
Ann. return (5-year):
10.65%
Ann. return (10-year):
12.24%
Ann. Standard Deviation (5-year):
14.33%
Link to the Funds FairSheet

FairHorizon Benchmark Returns

Dimensional Funds PLC - World Equity Fund

Ann. return (3-year):
17.79%
Ann. return (5-year):
9.56%
Ann. return (10-year):
—
Ann. Standard Deviation (5-year):
14.96%
Link to the Funds FairSheet

The Dimensional World Equity Fund is our FAIRHORIZON Red reference benchmark solution that has primarily global developed equities for long-term global equity-like returns and volatility.

SHARING OUR PASSION FOR INVESTMENTS FAIRSHEET™  AB SICAV I - International Health Care Portfolio  Page 1/2

Why we prefer this fund

Relevance of strategy

This fund represents active exposure to global large cap-biased healthcare-related companies.

Differentiated portfolio

The fund runs a bottom-up approach that combines fundamental and quantitative research.

Historical maximum drawdown & recovery time

Max drawdown (since inception)
-41.49%
Recovery Period
1405 Days

Diversification

Top 10 Holdings

  • Johnson & Johnson9.82%
  • Eli Lilly & Co9.05%
  • Novartis AG6.02%
  • AstraZeneca PLC5.99%
  • Roche Holding AG Participating5.33%
  • Gilead Sciences Inc4.47%
  • AbbVie Inc4.25%
  • UnitedHealth Group Inc3.93%
  • Intuitive Surgical Inc3.56%
  • Stryker Corp3.56%

Sectors

  • Health Care96.54%
  • Cash1.92%
  • Technology1.54%

Geography

  • U.S.A.71.28%
  • Switzerland12.72%
  • United Kingdom6.73%
  • Japan2.42%
  • Denmark2.12%
  • Cash1.92%
  • Netherlands1.27%
  • Italy1.02%
  • China0.53%