SVS AllianceBernstein Europe (Ex UK) Equity Fund

Strategy

Seeks long-term capital growth by:

Investing in stocks of companies throughout Europe ex UK that offer compelling long-term return potential and attractive valuations
Taking a long-term perspective in order to capitalize on short-term market inefficiencies created by investors’ overreaction to macroeconomic, industry, or company-specific concerns
Employing a disciplined, bottom-up approach that combines fundamental research with proprietary quantitative tools to identify attractive investment opportunities

The value of an investment can go down as well as up and investors may not get back the full amount they invested. Capital is at risk.

Prior to 24 August 2024, this fund was known as the ES AllianceBernstein Europe (Ex UK) Equity Fund.

This Fund does not have a UK sustainable investment label. Whilst the Investment Manager does consider environmental, social and governance (“ESG”) factors in its investment decision making process, it does so in order to support the financial risk and return profile of the Fund and does not seek a specific, positive sustainability goal or outcome. For more information please see the Sustainability Disclosure Requirements (SDR) Consumer Facing Disclosure document.

Management Team

Thorsten Winkelmann

1 Year at AB

28 Years of Experience

Nicolas Goncalves

1 Year at AB

8 Years of Experience

Robert Hofmann

1 Year at AB

20 Years of Experience

Marcus Morris-Eyton

1 Year at AB

14 Years of Experience

Darina Valkova

1 Year at AB

10 Years of Experience

Pricing & Performance

Annualised Performance
Calendar Year Performance
Complete 12 Month Returns
Growth of Investment
Daily Data

Past performance does not guarantee future results.

The Fund is not managed to target or exceed the performance of any specific benchmark, nor are investment decisions constrained by any benchmark. However, investors can assess the performance of the Fund against index shown.

The display above shows the performance based on total return net of management fees, but does not reflect sales charges or the effect of taxes. The figures therefore do not reflect the actual return to an investor.

On 28/08/2024, the investment team and approach of the fund changed. Performance prior to this date is not attributable to the current team or their approach.

The charges paid by the Fund are used to pay the costs for running the Fund, including the costs of marketing and distributing it. These charges reduce the potential return of your investment. For a complete description and full details of the applicable costs and charges, please refer to the Fund’s Prospectus.

The Management Fee is an annual fee paid to the management company to which the management of the Fund has been delegated. Out of this fee, the management company pays the investment management fee to the Investment Manager but also may pay other service providers.

The Performance Fee (if any) is paid to the Investment Manager under certain specific conditions.

The Ongoing Charges are charges taken from the Fund over a year based on expenses for the year. This figure may vary from year to year. It excludes performance fees (if any), portfolio transaction costs, except in the case of an entry/exit charge paid by the Fund, when buying or selling units in another collective investment undertaking. The Ongoing Charges figure can help you compare the annual operating expenses of different funds.

The Entry and Exit Charges shown are maximum figures and are one-off charges taken before or after you invest in the Fund.

Complete Portfolio of Holdings

Holdings are subject to change without notice.

Investment Risks to Consider

These and other risks are described in the Fund's prospectus

Investment in the Fund entails certain risks. Investment returns and principal value of the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Some of the principal risks of investing in the Fund include:

Country risk: Where the Fund invests in a single country, these assets are generally smaller, more sensitive to economic and political factors, and may be less easily traded which could cause a loss to the Fund.
Currency risk: Investments may be denominated in one or more currencies which are different from the Fund's base currency. Currency movements in the investments may significantly affect the net asset value of the Fund.
Derivatives risk: The Fund may include financial derivative instruments. These may be used to obtain, increase or reduce exposure to underlying assets and may create gearing; their use may result in greater fluctuations of the net asset value.
Emerging-Markets risk: Where the Fund invests in emerging markets, these assets are generally smaller and more sensitive to economic and political factors, and may be less easily traded, which could cause a loss to the Fund.
Equity securities risk: The value of equity investments may fluctuate in response to the activities and results of individual companies or because of market and economic conditions. These investments may decline over short- or long-term periods.
Focused portfolio risk: Investing in a limited number of issuers, industries, sectors or countries may subject the Portfolio to greater volatility than one invested in a larger or more diverse array of securities.
Fund turnover risk: A fund will be actively managed and turnover may, in response to market conditions, exceed 100%. A higher rate of fund turnover increases brokerage and other expenses. High fund turnover may also result in the realization of substantial net short-term capital gains, which may be taxable when distributed.
Hedging risk: Hedging may be used when managing the Fund, as well as for currency hedge share classes to eliminate the potential for gains along with the risk for loss. Measures designed to offset specific risks may work imperfectly, may not be feasible at times or may fail completely. As there is no segregation of liabilities between the share classes, there is a remote risk that, under certain circumstances, currency hedging transactions could result in liabilities with might affect the NAV of the other share classes and their assets may be used to cover those liabilities incurred.
Illiquid or restricted securities risk: Certain securities may be hard to value or sell at a particular time due to market illiquidity or restrictions on their resale. Selling illiquid or restricted securities usually requires more time and costs are often higher.
Liquidity risk: The risk that arises when adverse market conditions affect the ability to sell assets when necessary. Reduced liquidity may have a negative impact on the price of the assets.
Management risk: The use of derivative transactions may not achieve anticipated benefits or may realise losses, adversely impacting the Fund, if the Investment Manager is not able to correctly predict price movements, interest rates or currency exchange rate movements and, in addition, does not appropriately understand the derivative or the underlying instrument.
OTC Derivatives Counterparty risk: Transactions in over-the-counter (OTC) derivatives markets may have generally less governmental regulation and supervision than transactions entered into on organized exchanges. These will be subject to the risk that its direct counterparty will not perform its obligations and that the Fund will sustain losses.
Smaller capitalization companies risk: Investment in securities of companies with relatively small market capitalizations may be subject to more abrupt or erratic market movements because the securities are typically traded in lower volume and are subject to greater business risk.

Fund Literature

This is a marketing communication. This information is provided by AllianceBernstein Limited, 60 London Wall, London, EC2M 5SJ. Registered in England, No. 2551144. AllianceBernstein Limited is authorised and regulated in the UK by the Financial Conduct Authority (FCA - Reference Number 147956). It is provided for informational purposes only and does not constitute investment advice or an invitation to purchase any security or other investment. The views and opinions expressed are based on our internal forecasts and should not be relied upon as an indication of future market performance. The value of investments in any of the Funds can go down as well as up and investors may not get back the full amount invested. Past performance does not guarantee future results. This information is directed at Professional Clients only and is not intended for public use.