ES AllianceBernstein Europe (ex UK) Equity Fund

Investing as Business Owners

The ES AllianceBernstein Europe (ex UK) Equity Fund aims to deliver long-term capital growth by investing predominantly in stocks of Europe ex UK companies that offer compelling long-term return potential and attractive valuations based on strategic analysis of business and cash flows.

Past performance does not guarantee future results. The value of investments and the income from them will vary. Your capital is at risk.

Strategy and Philosophy

Our approach aims to give investors confidence to stick with a European equity allocation through volatile market episodes.

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Investing as business owners

Bring a private equity-like mind-set to the public markets by applying sophisticated "internal rate-of-return" techniques.

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Broader perspectives on risk

Direct engagement with short sellers and extensive use of quantitative risk models (such as cluster analysis) helps us identify unintended risk exposures in the portfolio.

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High conviction stock selection

Driven by AllianceBernstein's experienced European equity team with extensive global research resources.

Why Invest with AB?

1

Attractive Growth Potential

The strategy* has a proven track record of success across different market environments.

2

Outperforming the Market and Peers

The strategy* has outperformed the market and peer group average over three- and five-year periods.

3

Investing as Business Owners

Disciplined process focused on cash flow and IRR, implemented with a private equity–like approach

4

Broader Perspectives on Risk

Directly engaging with short sellers and extensive use of qualitative risk models

5

High-Conviction Stock Selection

Driven by AB's experienced European Equity team with extensive global research resources

Past performance does not guarantee future results.

*The AB Europe ex UK Equity Strategy performance represents the performance for the institutional AB European Value ex UK Equity composite, in GBP, net of fees. Although similar, the performance of the composite is not the same as that of the ES AllianceBernstein Europe (ex UK) Equity Fund. Before making an investment, investors should review the fund's full prospectus, together with the relevant Key Investor Information Document (KIID). Copies of these documents may be obtained free of charge on this website or in printed form from Equity Trustees Fund Services. The value of your investment may fall as well as rise and you may get back less than you originally invested. It is not guaranteed that the investment objective of the fund will be achieved, or that you will get back more than you invested. Investment results will vary substantially on a monthly, quarterly or yearly basis. An investment in the Fund does not represent a complete investment programme.

An Experienced Team

The Fund is managed by Tawhid Ali (CIO—European Value Equities) and Andrew Birse (Portfolio Manager—European Value Equities). Tawhid and Andrew have more than 25 years and 16 years of investment experience respectively. They are supported by a dedicated team of European equity analysts with extensive on-the-ground industry experience and consulting.

2

Portfolio Managers

37

Fundamental Research Analysts

9

Quantitative Research Analysts

As of 31 March 2019. Source: AB.

Resources

Contact Us

portrait of Lee Matthews

Lee Matthews

Director, UK Sales

020 7470 1617

lee.matthews@alliancebernstein.com

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John Lancashire

Assistant Vice President, Client Relations

020 7173 9594

john.lancashire@alliancebernstein.com

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Hayley Dighton

Associate, Client Relations

020 7170 5046

hayley.dighton@alliancebernstein.com

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Claudia Sanchez Buenaventura

VP/Client Relations Manager

020 7959 4993

claudia.sanchezbuenaventura@alliancebernstein.com