AB Emerging Markets Strategic Core Equities Fund - Active ETF

Overview

Objective

The AB Emerging Markets Strategic Core Equities Fund - Active ETF (“EMSC ETF” or “Fund”) aims to achieve returns in excess of the MSCI Emerging Markets Index in Australian dollars, after fees, over the medium to long term. There is no guarantee that the Fund will achieve this objective or produce any positive returns.

Investment Strategy

The Fund is designed for equity investors who have a high risk and return profile and are seeking an investment in a portfolio comprising equity securities in the Investable Companies, which offer the potential for long-term capital growth with lower volatility than is typical for equity securities of emerging markets companies. The investor would typically have a five-year investment timeframe and be unlikely to need to withdraw money on less than one week’s notice. The investor would only seek to use the product for 25% or less of the total investable assets held by that investor as part of a more broadly diversified portfolio of assets.

The Fund seeks to achieve its investment return objective by investing in a portfolio comprising equity securities in the Investable Companies.

The Fund will principally be comprised of equity securities of companies considered by the Investment Manager that are high quality, have low volatility and reasonable valuations and offer attractive shareholder returns.

As at the date of the PDS, the Investment Manager does not intend to hedge foreign currency exposure arising from its equity investments into Australian dollars. However, the Investment Manager retains discretion to hedge foreign currency exposure at any time (including through the use of derivatives) and subsequently increase, decrease or eliminate such exposure. For example, the Fund may hedge all or part of its currency exposure to Australian dollars or provide currency exposures greater than that provided by the underlying equity exposure.

The Fund may also invest in financial products, including but not limited to common and preferred stocks (including American Depository Receipts and Global Depository Receipts), currency spot and forward contracts, stock index futures, exchange traded funds (ETFs), warrants, rights, private placements, including new issues and secondary offerings, securities convertible into common stock and Real Estate Investment Trusts (REITs).

Derivatives may be used to hedge foreign currency risks. Exchange-traded derivatives may be used on a temporary basis to more efficiently gain an economic exposure to the underlying assets (such as investing cash, managing volatility and gaining or reducing investment exposures). Other than for these temporary uses, the aggregate notional exposure of exchange-traded derivatives will, except in exceptional circumstances, be limited to 10% of the net asset value of the EMSC ETF. The assets of the EMSC ETF may be used as security (collateral) for derivatives entered into on behalf of the EMSC ETF. Derivatives will not be used for leverage or gearing purposes or to achieve a synthetic exposure to equities outside of the investment universe.

Key Facts

Inception Date

8 November 2025

Cboe Ticker

MORE

EMSC ETF (31 July 2026)

$5,078,279

Management Cost

1.00% p.a.

APIR Code

ACM0749AU

MUFG Corporate Markets

Investors in the EMSC ETF can:

Change your contact details
Update your bank details
Change your DRP election

Go to Investor Login

Meet the Team

Portfolio Details

Domicile: Australia
Base Currency: Australian Dollars
Application/Redemption: Daily

Ratings

Access

Invest Through Cboe

You can invest in the EMSC ETF directly via your online broking account. The EMSC ETF is available through Cboe.

Invest Directly With the Fund

The EMSC ETF is also offered on a number of industry leading platforms. By downloading and completing the application form, investors can also buy units directly from AB provided they apply for the minimum investment of A$50,000 in units.

Investors should read the Product Disclosure Statement (PDS) and speak to their financial adviser before making a decision.

Speak to Your Financial Adviser

Before making a decision to invest, investors should speak with their financial adviser to see if the EMSC ETF is right for them.

Platform Availability

HUB24
Netwealth

Pricing & Performance

Daily Pricing

Monthly Performance

Distribution

Material Portfolio Information (MPI)

Fund Literature

Monthly Fact Sheet
PDF
Product Disclosure Statement
PDF
Target Market Determination
PDF

Application Form
PDF
Application Form—Existing Unit Holder
PDF
Withdrawal Request Form
PDF
Change of Contact Details
PDF
Change of Distribution Option
PDF
Off Market Transfer Form
PDF
Change of Banking Details
PDF
Change of Adviser
PDF

Deemed Payment Notice
PDF
Distribution Reinvestment Plan Rules
PDF
Financial Services Guide
PDF

Disclosure & Notices

AllianceBernstein Investment Management Australia Limited ACN 007 212 606 AFSL 230683 ("ABIMAL") makes this announcement regarding the AB Emerging Markets Strategic Core Equities Fund ARSN 690 408 783 ("Fund") as its responsible entity. ABIMAL has today listed the AB Emerging Markets Strategic Core Equities Fund - Active ETF, an actively managed exchange-traded fund on Cboe Australia. It has issued a replacement product disclosure statement ("PDS") in respect of the Fund.

The replacement PDS supersedes the PDS dated 8 October 2025.

ABIMAL advises that the name of the Fund has changed from "AB Emerging Markets Strategic Core Equities Fund" to "AB Emerging Markets Strategic Core Equities Fund - Active ETF" in line with naming convention requirements as per ASIC Regulatory Guide 282 Exchange traded products and Cboe Operating Rules and Procedures. The Fund’s investment objective, strategy, fees and other key features remain unchanged.

Dear Unitholders,

We, AllianceBernstein Investment Management Australia Limited ABN 58 007 212 606, AFSL 230683, are the responsible entity of the Fund (“Responsible Entity”) and AllianceBernstein Australia Limited ABN 53 095 022 718, AFSL 230698 is appointed as the investment manager for the Fund.

Important Fund Update

The Responsible Entity makes this announcement to notify existing holders of units in the Fund ("Units") that the Responsible Entity has made an application to Cboe Australia Pty Limited ("Cboe”) to enable Units to be quoted for trading as an exchange-traded fund (“ETF”) on the Cboe securities exchange ("Securities Exchange"). It is intended the ETF will be structured as a Dual Access Model ETF (“Dual Access Fund”), providing a new method for investors to enter and exit the Fund. Once the application is approved by Cboe, investors will have the opportunity to transact in Units via the Securities Exchange directly or via the current process (i.e. by completing an Application Form or a Withdrawal Request and submitting it to the AllianceBernstein Unit Registry ("Registry")).

Existing holders of Units in the Fund ("Unitholders") are not required to take any action.

Lodgement of new Product Disclosure Statement

The Responsible Entity lodged a new Product Disclosure Statement for the Dual Access Fund (“New PDS”) with the Australian Securities and Investments Commission (“ASIC”) on 13 July 2026 ("Issue Date"). A copy of the New PDS is available on AllianceBernstein's website at www.alliancebernstein.com.au and referred to on the ASIC Offer Notice Board at regulatoryportal.asic.gov.au/offer-notice-board.

The New PDS will be subject to a minimum seven-day exposure period from the date of lodgement with ASIC on 13 July 2026 which may be extended by ASIC for a further period of up to seven days (including for as many days as there are national public holidays during the initial 7-day exposure period). The New PDS is provided for information purposes only during the exposure period.

The Fund’s current Product Disclosure Statement and Additional Information Booklet dated 8 October 2025 (“Current PDS”) will continue to be available during the exposure period. Unitholders and new investors should continue to transact under the Current PDS until the end of the exposure period.

Units will not be issued by the Responsible Entity pursuant to an application made in response to the New PDS until the exposure period has expired. Unitholders will only be able to trade their Units on the Securities Exchange once they have been approved for quotation by Cboe. No representation is made concerning the quotation of Units on the Securities Exchange.

Information for Unitholders

Certain changes will apply to the Fund once it becomes a Dual Access Fund and Units are quoted for trading on the Securities Exchange. A summary of the main changes under the New PDS is provided below. These changes and others are further described in the New PDS. It is important that Unitholders read and understand the information in this notice and also refer to the New PDS.

Information directly relevant to existing Unitholders

Name change: The marketing name of the Fund will be updated to AB Emerging Markets Strategic Core Equities Fund - Active ETF in accordance with regulatory requirements. The legal name of the Fund remains unchanged.
Dual Access Fund: Under the New PDS, new investors can acquire Units either by applying directly with the Responsible Entity using an Application Form (via the Registry) or by buying Units on the Securities Exchange. Unitholders will also be able to withdraw from the Fund by making a Withdrawal Request to the Responsible Entity directly (via the Registry) or by selling their Units on the Securities Exchange. The method by which a Unitholder invests in the Fund does not limit the method by which a Unitholder can withdraw from the Fund. However, a Unitholder may be required to first 'convert' their Units (see below). There are important differences between buying and selling Units on the Securities Exchange and applying and withdrawing Units directly with the Responsible Entity. These differences are outlined in section 3 of the New PDS under the sub-heading ‘Key Differences Between the Two Methods of Investing in and Disposing of EMSC ETF Units’.
Conversion: Unitholders will be able to move Units they currently hold on the issuer sponsored sub-register with the Responsible Entity to quoted Units held on the broker sponsored sub-register and tradeable via the Securities Exchange (and vice versa) through a process known as a ‘conversion’. Further information on the conversion process is set out in section 3 of the New PDS under the sub-heading ‘Changing Sub-Registers’.
Fees and costs: The management fees charged by the Responsible Entity have not changed under the New PDS. As the Fund has been on issue for less than 11 months prior to the end of the previous financial year and not first offered in the current financial year, the management fees and costs and transaction costs figures in the New PDS reflects the Responsible Entity’s reasonable estimate of the management fees and costs and transaction costs for the 12 month period of the current financial year, at the date of this PDS. As is currently the case, except for abnormal costs and indirect costs, the Responsible Entity will continue to limit the per annum Management fees and costs to 0.70% p.a. of the net asset value of the Fund. The costs of obtaining quotation for the Units on the Securities Exchange is included in this limit. Any additional normal expenses incurred in operating the Fund as a Dual Access Fund will also be included in this limit. The Responsible Entity reserves the right to increase the management fee in accordance with the terms of the Constitution of the Fund at a future time.
Cooling-off period: Unitholders will not have cooling-off rights in respect of Units in the Fund issued after the date on which they are quoted for trading on the Securities Exchange (regardless of whether they are bought on the Securities Exchange or issued directly by the Responsible Entity).
Continuous disclosure: Once the Units are quoted for trading on the Securities Exchange the Responsible Entity will publish copies of the continuous disclosure notices on its website at alliancebernstein.com.au.

Information directly relevant to Unitholders who convert to quoted Units or trade via the Securities Exchange

Entry and exit price: Units purchased or sold on the Securities Exchange will be done so at the prevailing market price at the time of the transaction. This price may vary each trading day and may be different to the application and withdrawal price available by dealing directly with the Responsible Entity via the Registry. Brokerage fees and commissions may also be incurred when purchasing and selling Units on the Securities Exchange.
New risks: Certain new risks will apply to Unitholders who wish to trade their Units on the Securities Exchange. These are set out in detail in section 5 of the New PDS under the heading ‘Risks of Managed Investment Schemes’. These new risks include but are not limited to the following:
- Market making risk –The Responsible Entity has appointed at least one Market Maker and Authorised Participant to facilitate an orderly and liquid market in Units on the Securities Exchange. However, while the Responsible Entity will monitor each Market Maker to ensure compliance with the requirements under the operating rules of the Securities Exchange to place buy and sell orders for Units in the Fund, there is no guarantee of liquidity in the trading of Units, particularly if there is a failure by a Market Maker to make a market and there is no active trading by Authorised Participants.
- Securities Exchange liquidity risk – The liquidity of trading in Units on the Securities Exchange may be limited and Unitholders may not always be able to buy or sell Units on the Securities Exchange.
- Trading risk – The price at which investors may buy and sell units on the Securities Exchange may differ materially from the then current net asset value per Unit or the indicative net asset value per Unit ("iNAV") of the Fund.
- Conversion risk – There may be a delay in processing the conversion of Units between the issuer sub-register and the broker sponsored sub-register, and vice versa. This may delay the processing of a withdrawal request made directly with the Responsible Entity or the sale of Units on the Securities Exchange, until the conversion across sub-registers has completed.
- Removal from quotation risk: There is a possibility that the Units may be removed from quotation by the Securities Exchange, either on its own motion or on our request. The Securities Exchange imposes certain rules and requirements for the continued quotation of the Units. There is no assurance that the Units will continue to meet the requirements necessary to maintain quotation on the Securities Exchange, and the exchange may change its quotation requirements.
Fees and costs: Investors who purchase their Units on the Securities Exchange will be charged the same management fee as investors who are issued Units directly by the Responsible Entity. The Responsible Entity reserves the right to increase the management fee in accordance with the terms of the Constitution of the Fund at a future time.

The rights and liabilities associated with Units once quoted for trading on the Securities Exchange as disclosed in the New PDS will apply equally to Units currently on issue. Existing Unitholders are encouraged to read the New PDS to familiarise themselves with any relevant information.

If you have any questions regarding the above changes, please contact the Responsible Entity on (02) 9255 1299 or by email on aust_clientservice@alliancebernstein.com.

AllianceBernstein Investment Management Australia Limited (ABN 58 007 212 606, AFSL 230 683) (“ABIMAL”) is the responsible entity of the AB Emerging Markets Strategic Core Equities Fund - Active ETF (ARSN 690 408 783) (“Fund”) and is the issuer of units in the Fund. ABIMAL has appointed AllianceBernstein Australia Limited (ABN 53 095 022 718, AFSL 230 698) (“ABAL”) as the investment manager of the Fund. ABAL in turn has delegated a portion of the investment manager function to AllianceBernstein L.P. The Fund’s Product Disclosure Statement (“PDS”) is available online or by contacting the client services team at ABAL at (02) 9255 1299. Investors should consider the PDS in deciding to acquire, or continue to hold, units in the Fund.

A Target Market Determination (“TMD”) for the Fund is available from our website. The TMD sets out the class of persons who comprise the target market for the Fund and the distribution conditions that are applicable, together with a number of other matters which should be considered by retail investors and their advisers.

Information, forecasts and opinions ("Information") set out on this website are not personal advice and have not been prepared for any recipient’s specific investment objectives, financial situation or particular needs. Neither the website nor the Information contained in it is intended to take the place of professional advice. Please note that past performance is not indicative of future performance, and projections, although based on current Information, may not be realised. Information can change without notice, and neither ABIMAL or ABAL guarantees the accuracy of the Information at any particular time. Although care has been exercised in compiling the Information contained on this website, neither ABIMAL or ABAL warrants that this document is free from errors, inaccuracies or omissions.

This document is released by ABAL.

The rating published on April 2026 for AB Emerging Markets Strategic Core Equities Fund - Active ETF is issued by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec Research) for use in Australia only. Ratings are general advice only and have been prepared without taking account of investors’ objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec Research assumes no obligation to update. Lonsec Research uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2026 Lonsec. All rights reserved.

The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (CXA:MORE and ACM0749AU assigned August 2026) referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at Fund Research Regulatory Guidelines.”

Looking for More Information?

Feel free to get in touch with our team, and we will get back to
you as soon as possible.

Get in Touch