AB VPS Relative Value Portfolio

Formerly: AB VPS Growth and Income Portfolio

Overview

Seeks long-term growth of capital by investing in primarily US stocks

About this Strategy

  • Seeks relative value from companies that show signs of improving results
  • Uses bottom-up research to build a portfolio of high-conviction investments
  • Led by a team with extensive experience managing US equity portfolios

Investment Approach

  • Invests in companies of any size and in any industry
  • US stocks, although may include non-US stocks
  • Normally holds 60-90 stocks

Net expense ratio, if applicable, reflects the contractual waiver of a portion of the Advisor’s fee and/or reimbursement of a portion of the Fund’s operating expenses. This waiver and/or reimbursement extends through a particular date, as specified in the Fund’s current prospectus, and may be further extended or terminated by the Advisor, as set forth in the prospectus. Absent waivers and/or reimbursements, performance would have been lower.

For more information on sales charges and expenses visit Understanding Sales Charges & Expenses. 

Meet the Team

“

We want to compound our clients’ capital over time. In order to provide consistent risk-adjusted returns, we exercise extreme discipline in applying our philosophy and do not chase momentum or fit our portfolio to what may be working in the moment.

John Fogarty, CFA—Co-Chief Investment Officer—US Growth Equities

Holdings & Characteristics

See the most recent fact sheet, shareholder report or prospectus for portfolio holdings and characteristics.

Complete Portfolio Holdings

Holdings and characteristics shown include underlying investments of pooled vehicles. Holdings are subject to change without notice.

The Fund’s/Portfolio’s holdings (including derivatives) are expressed as a percentage of total investments and may vary over time. They are provided for informational purposes only and should not be deemed as a recommendation to buy or sell the securities mentioned.

Literature

Additional Information

Understanding Sales Charges and Expenses 
Statement of Policies and Procedures for Proxy Voting 
 

Investment Definitions

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.

  • Foreign (Non-U.S.) Investment Risk: Investments in securities of non-U.S. issuers may involve more risk than those of U.S. issuers. These securities may fluctuate more widely in price and may be more difficult to trade than domestic securities due to adverse market, economic, political, regulatory, or other factors.

  • Market Risk: The market values of the portfolio’s holdings rise and fall from day to day, so investments may lose value. 

  • Sector/Industry Risk: Investing a substantial amount of assets in fewer economic sectors may be more volatile than more diversified strategies. Economic or market conditions affecting a particular sector could have a major impact on the portfolio's 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. 

    AB mutual funds may be offered only to persons in the United States and by way of a prospectus. This website should not be considered a solicitation or offering of any investment products or services to investors residing outside of the United States.

    Investment Products Offered: Are Not FDIC Insured | May Lose Value | Are Not Bank Guaranteed

    The [A/B] logo and AllianceBernstein® are registered trademarks used by permission of the owner, AllianceBernstein L.P.

  • IMPORTANT: The investment portfolios within AllianceBernstein Variable Products Series Fund, Inc. are not available for direct investment. These portfolios serve as the funding vehicles for variable life insurance and annuity contracts issued by insurance companies and other financial institutions. Please contact your financial advisor directly for more information..

     

    Please consider the investment objectives, risks, charges and expenses carefully before investing. You can obtain variable life insurance and annuity contracts information (non-AllianceBernstein products), including our underlying portfolio prospectuses, which contains this and other information by contacting your Financial Advisor. Please read the prospectus carefully before you invest.

 

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