AB Concentrated Australian Equities Fund Class A

Objective

AB Concentrated Australian Equities Fund Class A (Class A) aims to achieve returns that exceed the S&P/ASX 300 Accumulation Index after fees over the medium to long term. There is no guarantee that Class A will achieve this objective or produce any returns.

Benchmark

S&P/ASX 300 Accumulation Index

Investment Strategy

Class A is designed for investors with high-risk tolerances and who want the potential for long term capital growth and franked dividend income by investing in a concentrated portfolio of approximately 15 to 25 securities listed in Australia. Class A implements a value investment strategy and provides exposure to an actively managed, high conviction equity portfolio. We use a combination of thorough company level (fundamental) research and quantitative risk tools to select investments that we consider to have the most attractive return prospects.

Class A may invest in securities listed in Australia, dual listed securities (where a security is listed in Australia and on a recognised foreign stock exchange), securities with equity characteristics (such as listed trusts, ETFs, REITS, partly paid securities, preference shares, rights, convertibles, warrants and depository receipts), securities we reasonably expect to be listed within six months (including initial public offerings and private placements) and cash. Derivatives will not be used for leveraging or gearing purposes but can be used to manage (hedge) foreign currency and investment risk, invest cash or gain investment exposure subject to the following restrictions. Over the counter derivatives will only be used for hedging foreign exchange exposures. All exchange traded derivatives will not exceed 10% of Class A’s net asset value, excluding those used to manage the financial risk associated with deferring the purchase of Class A’s equity investments (i.e. investing cash) when they are held for no more than 28 days.

Lead Portfolio Manager

Portfolio Details
Domicile Australia
Base Currency Australian Dollars
Subscription / Redemption Daily

All Distributor reporting, or queries relating to TMDs, should be directed to Client Services on aust_clientservice@alliancebernstein.com. Please see the specific fund page for links to the fund’s TMD.