AB Managed Volatility Equities Fund (Managed Fund)—MVE Class
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Overview
Objective
The AB Managed Volatility Equities Fund (Managed Fund)—MVE Class (“MVE Class”) aims to achieve returns that exceed the S&P/ASX 300 Accumulation Index after fees over the medium to long-term.
Investment Strategy
- The MVE Class is designed for equity investors seeking lower volatility than is typical for an equity fund, reduced downside risk in falling equity markets, and the potential for long-term capital growth and some income, including franked Australian dividend income.
- The MVE Class invests mainly in Australian Securities Exchange (ASX)–listed shares, with up to 20% of its assets in global developed-market shares, and has the ability to hold up to 20% in cash, for example as a short-term defensive measure at times of heightened equity market volatility.
- The MVE Class implements a managed-volatility equities strategy that aims to reduce volatility by identifying, and investing in, high-quality listed equity securities that have reasonable valuations, high-quality cash flows and relatively stable share prices.
- The MVE Class does not always hedge the foreign currency exposures of its global equity assets to Australian dollars but the investment manager has the discretion to determine the extent to which any foreign currency exposure is increased, reduced or removed. For example, the investment manager may decide not to remove a foreign currency exposure if it believes it offers defensive characteristics that would assist in lowering the volatility of the MVE Class.
- The MVE Class may also invest in preference shares, rights, convertibles, warrants, securities we reasonably expect to be listed within six months (including initial public offerings), listed trusts and/or other synthetic foreign equity securities.
- Derivatives may be used to manage risks (including foreign currency risk), invest cash, manage volatility and gain or reduce investment exposures. Derivatives used for purposes other than managing foreign currency exposures will, except in exceptional circumstances, be limited to 10% of the Net Asset Value of the MVE Class. The assets of the MVE Class may be used as security (collateral) for derivatives entered into on behalf of the MVE Class. Derivatives will not be used for leveraging or gearing purposes.
Key Facts
Inception Date
31 March 2014
Cboe Ticker
AMVE
MVE Class Size (30 April 2024)
$1,371,584,912
Management Cost
0.55% p.a.
APIR Code
ACM0006AU
Link Market Services
Investors in the MVE Class can:
- Change your contact details
- Update your bank details
- Change your DRP election
Meet the Team
Access
Invest Through Cboe
You can invest in the MVE Class directly via your online broking account. The MVE Class is available through Cboe.
Invest Directly With the Fund
The MVE Class is also offered on a number of industry leading platforms. By downloading and completing the application form, investors can also buy units directly from AB provided they apply for the minimum investment of A$50,000 in units.
Investors should read the Product Disclosure Statement (PDS) and speak to their financial adviser before making a decision.
Speak to Your Financial Adviser
Before making a decision to invest, investors should speak with their financial adviser to see if the MVE Class is right for them.
Continuous Disclosure
Pricing & Performance
Fund Literature
*Intraday indicative NAV provided by ICE Data Indices, LLC
The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (CXA:AMVE and ACM0006AU assigned May 2024) referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at Fund Research Regulatory Guidelines.”
The rating published on 10/2024 for AB Managed Volatility Equities Fund (Managed Fund) — MVE Class (CXA: AMVE) is issued by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec Research). Ratings are general advice only and have been prepared without taking account of investors’ objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec Research assumes no obligation to update. Lonsec Research uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2024 Lonsec. All rights reserved.
Logos, brand and other trademarks in this presentation are the property of their respective trademark holders. They are used for illustrative purposes only, and are not intended to convey any endorsement or sponsorship by, or association or affiliation with, the trademark holders nor are they intended in any way to guarantee or restrict the activities of ABAL. For example, the nature, scope and identity of the companies with whom ABAL may engage will vary from time to time.
AB Managed Volatility Equities Fund - MVE Class (“MVE-Class”) is a unit class of the AB Managed Volatility Equities Fund (“Fund”) (ARSN 099 739 447). AllianceBernstein Investment Management Australia Limited (ABN 58 007 212 606, AFSL 230 683) (“ABIMAL”) is the responsible entity of the Fund and is the issuer of units in the Fund. ABIMAL has appointed AllianceBernstein Australia Limited (ABN 53 095 022 718, AFSL 230 698) (“ABAL”) as the investment manager of the Fund. ABAL in turn has delegated a portion of the investment manager function to AllianceBernstein L.P. The MVE-Class’ Product Disclosure Statement (“PDS”) is available by contacting the client services team at AllianceBernstein Australia Limited at (02) 9255 1299 or at http://www.AllianceBernstein.com. Investors should consider the PDS in deciding to acquire, or continue to hold, units in the Fund.
This information is for exclusive use of the wholesale person to whom it is provided and not to be relied upon by any other person. It is not intended for retail or public use and may not be further distributed without prior written consent of ABAL.
A Target Market Determination (“TMD”) for the AB Managed Volatility Equities Fund (Managed Fund) – MVE Class is available free of charge from our website http://www.AllianceBernstein.com. The TMD sets out the class of persons who comprise the target market for the AB Managed Volatility Equities Fund (Managed Fund) – MVE Class and the distribution conditions that are applicable, together with a number of other matters which should be considered by retail investors and their advisers.
Information, forecasts and opinions set out in this document are not personal advice and have not been prepared for any recipient’s specific investment objectives, financial situation or particular needs. Neither this document nor the information contained in it are intended to take the place of professional advice. Please note that past performance is not indicative of future performance and projections, although based on current information, may not be realised. Information, forecasts and opinions (“Information”) can change without notice and neither ABIMAL or ABAL guarantees the accuracy of the information at any particular time. Although care has been exercised in compiling the information contained in this report, neither ABIMAL or ABAL warrants that this document is free from errors, inaccuracies or omissions.
This document is released by AllianceBernstein Australia Limited ABN 53 095 022 718, AFSL 230 698.
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