Investment objective & strategy
As of Oct. 28, 2025 · prospectusObjective. The Funds investment objective is to seek long-term growth of capital.
Strategy. The Fund invests primarily in a portfolio of equity securities of issuers from markets around the world. Under normal circumstances, the Fund invests at least 80% of its net assets in equity securities, at least 40% of its net assets in securities of non-U.S. companies, and invests in companies in at least three countries (including the United States). The Fund is principally comprised of companies considered by the Adviser to offer good prospects for attractive returns relative to the general stock market. The Adviser seeks companies that are attractively valued and have the ability to generate high and sustainable returns on invested capital. In addition to returns on invested capital, other criteria that the Adviser considers include strong business fundamentals, … The Fund invests primarily in a portfolio of equity securities of issuers from markets around the world. Under normal circumstances, the Fund invests at least 80% of its net assets in equity securities, at least 40% of its net assets in securities of non-U.S. companies, and invests in companies in at least three countries (including the United States). The Fund is principally comprised of companies considered by the Adviser to offer good prospects for attractive returns relative to the general stock market. The Adviser seeks companies that are attractively valued and have the ability to generate high and sustainable returns on invested capital. In addition to returns on invested capital, other criteria that the Adviser considers include strong business fundamentals, capable management, prudent corporate governance, strong balance sheet, strong earnings power, high earnings quality, low downside risk, and substantial upside potential. In managing the Fund, the Adviser does not seek to have a bias towards any investment style, economic sector, country or company size. The Funds holdings of non-U.S. companies frequently include companies located in emerging markets, and at times emerging market companies will make up a significant portion of the Fund. Fluctuations in currency exchange rates can have a dramatic impact of the returns of equity securities. While the Adviser may hedge the foreign currency exposure resulting from the Funds security positions through the use of currency-related derivatives, it is not required to do so.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| MICROSOFT CORP | — | $92.17M | 5.74% |
| NVIDIA CORP | — | $85.25M | 5.31% |
| TSMC | — | $82.53M | 5.14% |
| AMAZON.COM INC | — | $65.06M | 4.05% |
| SAMSUNG ELECTRONICS CO LTD | — | $58.01M | 3.61% |
| APPLE INC | — | $49.41M | 3.08% |
| THERMO FISHER SCIENTIFIC INC | — | $48.57M | 3.03% |
| OTIS WORLDWIDE CORP | — | $47.17M | 2.94% |
| FIDELITY NATIONAL FINL INC | — | $45.62M | 2.84% |
| ALPHABET INC CL C | — | $40.31M | 2.51% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Templeton World Fund · TEMWX, TEWTX, TWDAX, FTWRX | 35% | 0.76% |
| ELFUN TRUSTS · ELFNX | 33% | 0.17% |
| Baillie Gifford Global Alpha Equities Fund · BGALX, BGATX, BGAEX, BGAVX, BGAKX, BGASX | 33% | 0.50% |
Advisers
| Firm | Role |
|---|---|
| AllianceBernstein L.P. | Adviser |
Footnotes
- Expense ratio as of October 28, 2025, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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