MVE update – March 2025

12 March 2025

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MVE-Update-March2025

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Hamish FitzSimons| Chief Investment Officer—Australian Equities

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Hamish FitzSimons, Chief Investment Officer – Australian Equities, provides an update on the AB Managed Volatility Equities Fund. He discusses the portfolio's performance, highlighting recent adjustments made to improve its efficiency.

AB Managed Volatility Equities Fund (Managed Fund) - MVE Class (“MVE-Class”) APIR ACM0006AU is a unit class of the AllianceBernstein 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 MVE-Class. ABIMAL has appointed AllianceBernstein Australia Limited (ABN 53 095 022 718, AFSL 230 698) (“ABAL”) as the investment manager of the MVE-Class. 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 www.alliancebernstein.com.au. Investors should consider the PDS in deciding to acquire, or continue to hold, units in the MVE-Class.

A Target Market Determination for the AB Managed Volatility Equities Fund (Managed Fund) – MVE Class is available free of charge from our website www.alliancebernstein.com.au. 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.

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. 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. Any references to specific securities in this presentation do not constitute research or a recommendation to buy or sell any security and are provided solely to illustrate our rationale for acquiring, continue to hold or not holding or disposing of the security for the MVE Class.

About the Author

Hamish FitzSimons

Hamish FitzSimons was appointed Chief Investment Officer of Australian Equities in January 2025. Prior to this appointment, he served as co-chief investment officer of Australian Equities from April 2024, having been a portfolio manager for Australian Equities since 2012. Before joining the Portfolio Management team in 2012, FitzSimons served as a research analyst on the Australian team, with research coverage including financials and telecom stocks in Australia and Asia. Prior to joining AB in 2008, he worked at Westpac Bank in numerous management roles across operations, products and sales, and mergers and acquisitions. Before that, FitzSimons worked as a consultant with McKinsey & Company. He is admitted as a solicitor and holds a BSc and an LLB from the University of Sydney. Location: Sydney

This information is for exclusive use of the wholesale person to whom it is provided and is 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.
This webpage has been prepared by AllianceBernstein Australia Limited (“ABAL”)—ABN 53 095 022 718, AFSL 230 698. Information in this webpage is only intended for persons that qualify as “wholesale clients,” as defined by the Financial Markets Conduct Act 2013’, and is not to be construed as advice. This webpage is provided solely for informational purposes and is not an offer to buy or sell securities. The information, forecasts and opinions set forth in this webpage have not been prepared for any recipient’s specific investment objectives, financial situation or particular needs. Neither this webpage nor the information contained in it are intended to take the place of professional advice.
You should not take action on specific issues based on the information contained in this webpage without first obtaining professional advice. Past performance does not guarantee future results. Projections, although based on current information, may not be realized. Information, forecasts and opinions can change without notice and ABAL does not guarantee the accuracy of the information at any particular time. Although care has been exercised in compiling the information contained in this webpage, ABAL does not warrant that this webpage is free from errors, inaccuracies or omissions. ABAL disclaims any liability for damage or loss arising from reliance upon any matter contained in this webpage except for statutory liability which cannot be excluded.
No reproduction of the materials on this webpage may be made without the express written permission of ABAL. This information is provided for persons in Australia only and is not being provided for the use of any person who is in any other country.

MVE update – March 2025

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