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AB Concentrated US Equity Portfolio

ISIN
LU1011999676
Daily NAV
54.53 USD

(As of 19/09/2025)

NAV Change
0.21
NAV Change (%)
0.39%
Fund Net Assets (Mil)
492.62 USD

(As of 31/08/2025)

Putting Quality Before Quantity to Risk Manage

In potentially volatile times, a concentrated approach to portfolio construction might seem riskier than a broader spread of holdings. But with a focus on finding quality companies demonstrating a competitive advantage, our team believes the fund is well-positioned for the current environment.

Quality over Quantity

By seeking out US stocks demonstrating characteristics such as inelastic demand, strong pricing power and the ability to control costs, the team believe these competitive advantages can help provide a cushion against economic turbulence and position the portfolio for long-term growth potential.

Consistent Alpha

Our in-depth research targets superior businesses with strong management, strong balance sheets and low regulatory risk features. From a shortlist, only those with the highest expected return and attractive valuations based on five-year projections earn a position within the portfolio.

The value of an investment can go down as well as up and investors may not get back the full amount they invested. Capital is at risk.

An Experienced Team

Jim Tierney leads a team of dedicated analysts with an average of over 21 years’ experience and one of the highest “analysts to company” ratios in the industry.

11 Years at AB
36 Years of Experience
11 Years at AB
26 Years of Experience

Fund Facts

Portfolio Details

Portfolio Details Table
Portfolio Inception Date23/12/2013
Fund Net Assets (Mil) 492.62 as of 31/08/2025
Base CurrencyUSD
Subscription and RedemptionDaily
Fund TypeSICAV I
DomicileLuxembourg
SFDR ClassificationArticle 8

Share Class Details

Share Class Details Table
Share Class Inception Date23/12/2013
Share Class CurrencyUSD
Currency TypeBase
Min. Investment1,000,000.00 USD
Dividend FrequencyNone

Identifiers

Identifiers Table
ISINLU1011999676
WKNA1XBWG
BloombergABCUEIA
Valoren23263578

The Portfolio is a portfolio of AB SICAV I, an open-ended investment company with variable capital (société d’investissement à capital variable) incorporated under the laws of the Grand Duchy of Luxembourg.

This Portfolio is classified as Article 8 under SFDR as it promotes environmental and/or social characteristics. To achieve this, the Portfolio uses ESG Integration and a combination of minimum ESG scoring, documented company-level engagement, exclusions, and an assessment of good governance.

The classifications are made in accordance with and for the purposes of Regulation (EU) 2019/2088 and are not of the fund for a prospective investor’s investment needs. For more information on AB’s Sustainability-Related Disclosures please refer to the Fund’s Prospectus.

This Fund is classed as an offshore fund and is not subject to UK sustainable investment labelling and disclosure requirements.

Pricing & Performance

  1. Annualised Performance
  2. Calendar Year Performance
  3. Complete 12 Month Returns
  4. Growth of Investment
  5. Pricing
Created with Highcharts 8.2.2As of 30/06/2025-4.99%-4.99%26.83%26.83%11.99%11.99%22.59%22.59%6.23%6.23%45.55%45.55%-18.45%-18.45%14.48%14.48%14.54%14.54%10.50%10.50%3.31%3.31%17.16%17.16%13.71%13.71%9.75%9.75%6.87%6.87%40.14%40.14%-11.01%-11.01%18.98%18.98%24.00%24.00%14.70%14.70%AB Concentrated US Equity PortfolioS&P 500 Index - Unhedged to USD01/07/2015 -30/06/201601/07/2016 -30/06/201701/07/2017 -30/06/201801/07/2018 -30/06/201901/07/2019 -30/06/202001/07/2020 -30/06/202101/07/2021 -30/06/202201/07/2022 -30/06/202301/07/2023 -30/06/202401/07/2024 -30/06/2025-40%-20%0%20%40%60%
Quarterly Complete 12 Month Returns Table
01/07/2015 - 30/06/201601/07/2016 - 30/06/201701/07/2017 - 30/06/201801/07/2018 - 30/06/201901/07/2019 - 30/06/202001/07/2020 - 30/06/202101/07/2021 - 30/06/202201/07/2022 - 30/06/202301/07/2023 - 30/06/202401/07/2024 - 30/06/2025
AB Concentrated US Equity Portfolio-4.99%26.83%11.99%22.59%6.23%45.55%-18.45%14.48%14.54%10.50%
S&P 500 Index - Unhedged to USD3.31%17.16%13.71%9.75%6.87%40.14%-11.01%18.98%24.00%14.70%

Past performance does not guarantee future results.

The Fund is not managed to target or exceed the performance of any specific benchmark, nor are investment decisions constrained by any benchmark. However, investors can assess the performance of the Fund against index shown.

The display above shows the performance based on total return net of management fees, but does not reflect sales charges or the effect of taxes. The figures therefore do not reflect the actual return to an investor.

Historical Pricing

As of 22/09/2025
Created with Highcharts 8.2.2USDJanuary 14January 15January 16January 17January 18January 19January 20January 21January 22January 23January 24January 2520142016201820202022202420406003m6m1yMax RangeFrom31 December 2013To31 August 2025

Past performance does not guarantee future results.

Historical net asset value (NAV) is provided by AB for informational purposes only. 

The NAV price is the value of one share of the Fund as of the date listed.  The NAV is denominated in the share class currency and does not take into account any sales charges or entry and exit costs that may apply when shares are bought or sold. NAV quoted in currencies other than the base currency of the Fund are calculated by converting the NAV of the Fund using a spot foreign exchange rate of the other offered currency on each valuation point. The historical NAV figures published here are limited to the Max Range available in our database. 

Peer Comparison

Morningstar Rating Table
Morningstar Ratings as of 09/09/2025
Category: US Large-Cap Growth Equity
Overall3 Year5 Year10 Year
Rating
Investments in Category725   Funds725   Funds611   Funds357   Funds

Past performance does not guarantee future results.

Overall Morningstar Rating is a copyright of Morningstar, Inc., 2025. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Fees & Expenses

Ongoing Sales Charges Table
Management Fee0.80%
Performance Fee--
Ongoing Charge0.94%
Entry ChargeUp to 1.50%
Exit Charge--

The charges paid by the Fund are used to pay the costs for running the Fund, including the costs of marketing and distributing it. These charges reduce the potential return of your investment.  For a complete description and full details of the applicable costs and charges, please refer to the Fund’s Prospectus.

The Management Fee is an annual fee paid to the management company to which the management of the Fund has been delegated. Out of this fee, the management company pays the investment management fee to the Investment Manager but also may pay other service providers.

The Performance Fee (if any) is paid to the Investment Manager under certain specific conditions.

The Ongoing Charges are charges taken from the Fund over a year based on expenses for the year. This figure may vary from year to year. It excludes performance fees (if any), portfolio transaction costs, except in the case of an entry/exit charge paid by the Fund, when buying or selling units in another collective investment undertaking. The Ongoing Charges figure can help you compare the annual operating expenses of different funds.

The Entry and Exit Charges shown are maximum figures and are one-off charges taken before or after you invest in the Fund. 

Portfolio Composition

As of 31 August 2025

Holdings are subject to change without notice.

Portfolio Statistics

Total Number of Holdings20
Active Share81%
Net Assets$492.62 million

Sector Allocation

Information Technology39.85%
Financials17.95%
Health Care13.36%
Consumer Discretionary12.52%
Industrials9.76%
Materials4.81%
Real Estate0.97%
Other0.78%

Top Ten Holdings

Amazon.com, Inc.9.58%
Microsoft Corp.9.52%
Mastercard, Inc.9.49%
Amphenol Corp.5.97%
Eaton Corp. PLC5.27%
Cadence Design Systems4.96%
IQVIA Holdings, Inc.4.94%
Charles Schwab4.93%
Roper Technologies, Inc.4.84%
Ecolab, Inc.4.81%
Total64.31%

Complete Portfolio of Holdings

Holdings are subject to change without notice.

Investment Risks to Consider

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

Investment in the Portfolio entails certain risks. Investment returns and principal value of the Portfolio will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Some of the principal risks of investing in the Portfolio include:

  • Allocation risk: The risk that the allocation of investments between growth and value companies may have a more significant effect on the Portfolio’s Net Asset Value (NAV) when one of these strategies is not performing as well as the other. In addition, the transaction costs of rebalancing the investments may, over time, be significant.

  • Derivatives risk: The Portfolio may include financial derivative instruments. These may be used to obtain, increase or reduce exposure to underlying assets and may create gearing; their use may result in greater fluctuations of the net asset value.

  • Equity securities risk: The value of equity investments may fluctuate in response to the activities and results of individual companies or because of market and economic conditions. These investments may decline over short- or long-term periods.

  • Focused portfolio risk: Investing in a limited number of issuers, industries, sectors or countries may subject the Portfolio to greater volatility than one invested in a larger or more diverse array of securities.

  • OTC derivatives counterparty risk: Transactions in over-the-counter (OTC) derivatives markets may have generally less governmental regulation and supervision than transactions entered into on organized exchanges. These will be subject to the risk that its direct counterparty will not perform its obligations and that the Portfolio will sustain losses.

  • Real estate investment trust (REIT) risk: Investing in equity REITs may be affected by changes in the value of the underlying property owned by the REITS, while mortgage REITs may be affected by the quality of any credit extended. REITS depend on management skills, are not diversified, subject to heavy cashflow dependency, default by borrowers and self-liquidation and subject to interest-rate risks.

Fund Literature

This is a marketing communication. This information is provided by AllianceBernstein Limited, 60 London Wall, London, EC2M 5SJ. Registered in England, No. 2551144. AllianceBernstein Limited is authorised and regulated in the UK by the Financial Conduct Authority (FCA - Reference Number 147956).  It is provided for informational purposes only and does not constitute investment advice or an invitation to purchase any security or other investment. The views and opinions expressed are based on our internal forecasts and should not be relied upon as an indication of future market performance. The value of investments in any of the Funds can go down as well as up and investors may not get back the full amount invested. Past performance does not guarantee future results. This information is directed at Professional Clients only and is not intended for public use.

© 2025 AllianceBernstein L.P.