AB Asia Ex-Japan Equity Portfolio
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Objective

The Portfolio seeks to achieve long-term growth and income by investing in a portfolio of equity security companies in the Asia ex-Japan region that are determined by the Investment Manager to be undervalued and are typically contained within the countries in the MSCI AC (All Country) Asia ex Japan Index and MSCI Frontier Markets Index. Based on its fundamental value approach, the Investment Manager selects approximately 60 to 100 stocks that are considered to be undervalued due to its attractive priced relative to their future earnings powers.

Portfolio Management Team




Pricing & Performance

  1. Annual Performance
  2. Calendar Year Performance
  3. Daily Statistics

Past performance is not indicative of future results. Performance calculation are based on a single pricing basis, include the change in Net Asset Value and reinvestment of any distributions paid on Portfolio shares for the period shown, Net of assumed front-end load (FEL) for Class A and its corresponding share classes 4%, Class I and its corresponding share classes 1.5%, other share classes none. For Class A and its corresponding share classes, maximum front-end load (FEL): Up to 5%. Class I and its corresponding share classes maximum front-end load (FEL): Up to 1.5%. For Class B and its corresponding share classes, Contingent Deferred Sales Charge (CDSC) 4-3-2-1-0% and 1-0% for Class C and its corresponding shares depending on holding period. Please refer to Prospectus, Section on Performance of Portfolios for more information. Accordingly, these figures do not represent actual returns to an investor. Performance quoted in currencies other than the base currency of the Portfolio is calculated by converting the daily Net Asset Value of the Portfolio using a spot foreign exchange rate of the other offered currency on each valuation point. Returns denominated in a currency other than that of the fund may increase or decrease as a result of foreign exchange currency fluctuations. The information on this page is for informational purposes only and should not be construed as an offer to sell, or solicitation of an offer to buy, or a recommendation for the securities of the Portfolio.

All numbers are annualized based on fiscal year to date expenses paid out of the Portfolio. The Management Fee is an effective fee that is based on a tiering schedule and calculated as an annualised figure based on fiscal year-to-date accruals. You may have to pay other fees when dealing in shares of the Portfolio.

Please refer to the prospectus or key documents for a complete description of expenses and any tiering schedules. Refer to prospectus or key documents for complete description of expenses.



Investment Risks to Consider

These and other risks are described in the Portfolio's prospectus

  • Country Risks associated with Asian Countries: Investments in issuers located in Asia may have more market, political and economic risks because of particular factors affecting that region.

  • Currency Risk: Currency movements in the underlying investments of a portfolio that is denominated in a currency different from that of the portfolio itself may significantly affect the net asset value of that portfolio.

  • Derivatives Risk: The portfolio may invest in financial derivative instruments for investment purposes in addition to hedging and/or efficient portfolio management purposes and hence this may lead to a higher volatility to the net asset value of the Portfolio. 

  • Emerging Markets Risks: The Portfolio will invest in emerging markets, which are subject to higher risks (for example, liquidity risk, currency risk, political risk, regulatory risk and economic risk) and higher volatility than portfolios investing in developed markets. Fluctuations in currency exchange rates may negatively affect the value of the investment or reduce returns - these risks are magnified in emerging or developing markets.

  • Equity Securities Risk: The value of underlying equity investments of the Portfolio may fluctuate in response to the activities and results of individual companies, or because of general market and economic conditions and changes in currency exchange rates.

  • Liquidity Risk: The risk that arises when adverse market conditions affect the ability to sell assets when necessary. Reduced liquidity may have a negative impact on the price of the assets.


Fund Literature

Investment in the Fund entails certain risks. Past performance does not guarantee future results. The value of an investment in the Fund can go down as well as up and investors may not get back the full amount invested. This information is directed solely at persons in jurisdictions where the funds and relevant share class are registered or who may otherwise lawfully receive it. Before investing in AllianceBernstein funds, investors should review the fund’s full prospectus, together with the fund’s Product Highlights Sheet and the most recent financial statements. Copies of these documents, including the latest annual report and, if issued thereafter, the latest semi-annual report, may be obtained free of charge from www.abfunds.com / www.alliancebernstein.com or by contacting the local distributor in the jurisdictions in which the funds are authorized for distribution.

The Portfolio is part of AB FCP I (referred to as “AB”). AB is a mutual investment fund (fonds commun de placement) organized under the laws of the Grand Duchy of Luxembourg.

The Portfolio may invest in financial derivative instruments for investment purposes in addition to hedging and/or efficient portfolio management purposes and hence this may lead to a higher volatility to the net asset value of the Portfolio.

Dividends are not paid for all share classes and are not guaranteed.

Please note that dividend distribution is at the discretion of The management company and subject to the dividend policy referred in the Singapore Offering Document. It is dependent on prevailing market conditions and the income generated by the underlying securities of the fund. Any payments of distributions by the portfolio may result in an immediate reduction of the net asset value per share/unit. A high distribution yield does not imply a high return on the fund. Investors should not make any investment decision solely based on dividend information provided.

Currency-hedged share classes (indicated above by a currency denomination and an “H” in the Class name) use hedging techniques in an attempt to reduce—but not eliminate—fluctuations between the investor’s holdings in a particular currency-hedged share class denominated in the investor’s investing currency and the portfolio’s base currency. The goal is to deliver returns that track the portfolio’s base currency returns more closely. 

AllianceBernstein funds are offered only by the offering document with respect to each fund. The sale of shares of AB funds may be restricted in certain jurisdictions. In particular, shares may not be offered or sold, directly or indirectly, in the United States or to U.S. persons, as is more fully described in the Offering Document with respect to each Fund. Shares of AB funds are offered only pursuant to the Fund’s current Offering Document together with the most recent financial statements. The information on this page is for information purposes only and should not be construed as an offer to sell, or solicitation to buy, or a recommendation for the securities of any AB fund.