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AB Emerging Markets Multi-Asset Portfolio

Strategy

Seeks to maximize total return by:

  • Dynamically adjusting exposure to emerging markets by investing across asset classes, which include equities, fixed income and currencies

  • Building an unconstrained portfolio to maximize total return and minimize volatility

  • Employing a disciplined investment process that draws on our global research platform and multi-asset capabilities

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.

Portfolio Management Team

22 Years at AB
22 Years of Experience
10 Years at AB
10 Years of Experience
30 Years at AB
31 Years of Experience
2 Years at AB
18 Years of Experience

Pricing & Performance

  1. Annualised Performance
  2. Calendar Year Performance
  3. Complete 12 Month Returns
  4. Growth of Investment
  5. Daily Data
Created with Highcharts 8.2.2As of 31/07/20256.62%6.62%16.84%16.84%-2.01%-2.01%0.48%0.48%5.88%5.88%18.41%18.41%-22.34%-22.34%8.50%8.50%16.35%16.35%14.01%14.01%-0.75%-0.75%24.84%24.84%4.36%4.36%-2.18%-2.18%6.55%6.55%20.64%20.64%-20.09%-20.09%8.35%8.35%6.27%6.27%17.18%17.18%AB Emerging Markets Multi-Asset PortfolioMSCI Emerging Markets Index - Unhedged to USD01/08/2015 -31/07/201601/08/2016 -31/07/201701/08/2017 -31/07/201801/08/2018 -31/07/201901/08/2019 -31/07/202001/08/2020 -31/07/202101/08/2021 -31/07/202201/08/2022 -31/07/202301/08/2023 -31/07/202401/08/2024 -31/07/2025-30%-20%-10%0%10%20%30%
Monthly Complete 12 Month Returns Table
01/08/2015 - 31/07/201601/08/2016 - 31/07/201701/08/2017 - 31/07/201801/08/2018 - 31/07/201901/08/2019 - 31/07/202001/08/2020 - 31/07/202101/08/2021 - 31/07/202201/08/2022 - 31/07/202301/08/2023 - 31/07/202401/08/2024 - 31/07/2025
AB Emerging Markets Multi-Asset Portfolio6.62%16.84%-2.01%0.48%5.88%18.41%-22.34%8.50%16.35%14.01%
MSCI Emerging Markets Index - Unhedged to USD-0.75%24.84%4.36%-2.18%6.55%20.64%-20.09%8.35%6.27%17.18%

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 03/09/2025
Created with Highcharts 8.2.2USDJanuary 12January 13January 14January 15January 16January 17January 18January 19January 20January 21January 22January 23January 24January 252012201420162018202020222024102015253m6m1yMax RangeFrom30 June 2011To31 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 11/08/2025
Category: Global Emerging Markets Allocation
Overall3 Year5 Year10 Year
Rating
Investments in Category176   Funds176   Funds159   Funds99   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 Charge1.07%
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 July 2025

Holdings are subject to change without notice.

Portfolio Statistics

Net Assets$664.99 million
Average Credit QualityBB
Total Number of Holdings444

Country Allocation

China20.31%
Taiwan10.29%
India8.95%
South Korea8.79%
Brazil6.38%
United Arab Emirates4.27%
Mexico4.25%
Poland2.92%
South Africa2.17%
Other31.67%

Asset Allocation

Emerging Markets - Equity61.06%
Emerging Markets - Hard Currency33.31%
Emerging Markets - Corporate Bonds4.01%
Emerging Markets - Local Currency1.62%

Top Ten Holdings

Taiwan Semiconductor Manufacturing5.94%
Tencent Holdings Ltd.4.61%
Samsung Electronics3.11%
Xiaomi Corp.2.09%
ICICI Bank Ltd.1.90%
Itau Unibanco Holding SA1.70%
Emaar Properties PJSC1.56%
NetEase, Inc.1.53%
PICC Property & Casualty1.51%
Grupo Financiero Banorte SAB de CV1.49%
Total25.44%

Sectors: Top Fixed Income

Emerging Markets - Hard Currency85.55%
Emerging Markets - Corporate Bonds10.30%
Emerging Markets - Local Currency4.15%

Net Currency Exposure

US Dollar32.80%
Chinese Yuan Renminbi18.11%
New Taiwan Dollar14.84%
Indian Rupee10.80%
South Korean Won9.11%
Brazilian Real5.19%
UAE Dirham4.11%
Hungarian Forint1.99%
South African Rand1.87%
Other1.18%

Sectors: Top Equity

Financials24.75%
Information Technology23.04%
Consumer Discretionary11.16%
Communication Services11.12%
Industrials4.52%

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.

  • Commodity-related risk: Investing in commodity-linked derivative instruments may result in greater volatility than investments in traditional securities. Their value may be affected by market movements, commodity index volatility, changes in interest rates, or, where specific to a particular industry or commodity, such as extreme weather, livestock disease, embargoes, tariffs and international economic, political and regulatory developments

  • Corporate debt obligations risk: The risk that a particular issuer may not fulfill its payment and other obligations. In addition, an issuer may experience adverse changes to its financial position or a decrease in its credit rating resulting in increased debt obligation price volatility and negative liquidity. There may also be a higher risk of default.

  • 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.

  • Emerging-markets risk: Where the Portfolio invests in emerging markets, these assets are generally smaller and more sensitive to economic and political factors, and may be less easily traded, which could cause a loss to the Portfolio.

  • 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.

  • Fixed-income securities risk: The value of these investments will change in response to fluctuations in interest rates and currency exchange rates, as well as changes in the credit quality of the issuer. Also, medium, lower and unrated securities may be subject to wider fluctuations in yield and market values than higher-rated securities.

  • Lower-rated and unrated instruments risk: These securities are subject to a greater risk of loss of capital and interest, and are usually less liquid and more volatile. Some investments may be in high-yielding fixed-income securities, so the risk of depreciation and capital losses may be unavoidable

  • 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.

  • Portfolio turnover risk: A portfolio may be actively managed and turnover may, in response to market conditions, exceed 100%. A higher rate of portfolio turnover increases brokerage and other expenses. High portfolio turnover may also result in the realization of substantial net short-term capital gains, which may be taxable when distributed.

  • 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.

  • Smaller capitalization companies risk: Investment in securities of companies with relatively small market capitalizations may be subject to more abrupt or erratic market movements because the securities are typically traded in lower volume and are subject to greater business risk.

  • Sovereign debt obligations risk: The risk that government issued debt obligations will be exposed to direct or indirect consequences of political, social and economic changes in various countries. Political changes or the economic status of a country may impact the willingness or ability of a government to honour its payment obligations.

  • Structured investments risk: These types of instruments are potentially more volatile and carry greater market risks than traditional debt instruments, depending on the structure. Changes in a benchmark may be magnified by the terms of the structured instrument and have an even more dramatic and substantial effect upon its value. These instruments may be less liquid and more difficult to price than less complex instruments.

Fund Literature

Fund Materials

Fact Sheet (EN)
Monthly Manager Commentary (EN)
Characteristics
Historical Pricing
Engagement Report

Regulatory Documents

Full Prospectus (AB SICAV I)
Key Information Document (PRIIPs)
Article 8 Multi-Asset Sustainability Disclosures
Article 8 FI-MA Sustainability Disclosures - Summary Translations
Articles of Incorporation (AB SICAV I)
Annual Shareholder Report (AB SICAV I)
Semi-Annual Shareholder Report (AB SICAV I)
Shareholder Notice - Share Class Split
Shareholder Notice - 25 August 2025
Complaint Policy
Key Information Document Library

This is a marketing communication. This information is provided by AllianceBernstein (Luxembourg) S.à r.l. Société à responsabilité limitée, R.C.S. Luxembourg B 34 305, 2-4, rue Eugène Ruppert, L-2453 Luxembourg. Authorised in Luxembourg and regulated by the Commission de Surveillance du Secteur Financier (CSSF). 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.