High-conviction portfolio of large cap growth companies with persistent business growth potential
About this Fund
- The team looks for companies with high levels of profitability that can reinvest above their cost of capital to generate long-term growth
- Utilizes bottom-up research to find investments whose performance should persist in terms of magnitude and duration
- Portfolio has historically delivered top-decile risk-adjusted returns vs. peers and a smoother path of returns
- 50-70 primarily US large cap stocks with active share of 70-75%
Meet the Team
We really focus on a company’s ability to reinvest back into the business [and potentially] earn high returns.
Frank Caruso, CFA—Chief Investment Officer US Growth Equities
Alpha is the risk-adjusted measurement of "excess return" over a benchmark. Beta is a measure of an investment’s volatility in comparison to the market as a whole. Duration is a measure of the sensitivity of an asset or portfolio’s price to interest rate movements. Information ratio is a measurement of portfolio returns beyond the returns of a benchmark, compared to the volatility of those returns. R-squared is the percentage of a portfolio’s price movements that can be explained by movements in a benchmark index. Sharpe ratio is a measure of the fund’s return relative to the investment risk it has taken. A higher Sharpe ratio means the fund’s returns have been better given the level of risk the fund has taken. Standard deviation is a measure of the dispersion of a portfolio’s return from its mean. Tracking error is the difference in actual performance between a portfolio and its corresponding benchmark. Up capture measures the percentage of market gains captured when markets are up. Down capture measures the percentage of market losses endured when markets are down.
Risks To Consider
Derivatives Risk: Derivatives may be more sensitive to changes in market conditions and may amplify risks.
Focused Portfolio Risk: Portfolios that hold a smaller number of securities may be more volatile than more diversified portfolios, since gains or losses from each security will have a greater impact on the portfolio’s overall value.
Foreign (Non-US) Risk: Non-US securities may be more volatile because of political, regulatory, market and economic uncertainties associated with such securities. Fluctuations in currency exchange rates may negatively affect the value of the investment or reduce returns. These risks are magnified in emerging or developing markets.
Market Risk: The market values of the portfolio’s holdings rise and fall from day to day, so investments may lose value.
Investors should consider the investment objectives, risks, charges and expenses of the Fund/Portfolio carefully before investing. For copies of our prospectus or summary prospectus, which contain this and other information, visit our Literature Center or contact your AB representative. Please read the prospectus and/or summary prospectus carefully before investing.
AllianceBernstein Investments, Inc. (ABI) is the distributor of the AB family of mutual funds. ABI is a member of FINRA and is an affiliate of AllianceBernstein L.P., the manager of the funds.
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Investment Products Offered: Are Not FDIC Insured | May Lose Value | Are Not Bank Guaranteed
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