AB Discovery Value Fund Class A
ABASX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- AllianceBernstein LP New York NY United States of America 10105
- IPO Date
- Mar 29, 2001
- CIK
- 0001129870
- Website
- alliancebernstein.com
- Similar Companies
- Business
- AB Discovery Value Fund Class A (ABASX) is an open-end mutual fund managed by AllianceBernstein L.P. that seeks long-term growth of capital by investing primarily in U.S. small- and mid-cap value stocks with attractive valuations relative to their future cash earnings power and compelling company-specific or industry catalysts; the fund utilizes a high-conviction, fundamental research-driven strategy targeting undervalued equities in the small-cap market with limited analyst coverage, including derivatives for investment purposes, and maintains a portfolio diversified across sectors such as financial services, industrials, technology, consumer cyclical, and real estate, with top holdings like BJ's Wholesale Club Holdings Inc., Encompass Health Corp., and TXNM Energy Inc. Launched on March 29, 2001, as part of the AB family of mutual funds domiciled in the United States, the fund is available to U.S. investors through various share classes with a minimum initial investment of $2,500 for Class A shares, which carry a 4.25% front-end load, 1.09% expense ratio, and daily pricing. AllianceBernstein L.P., headquartered in Nashville, Tennessee following its 2018 relocation from New York City and founded in 1967 through the Sanford C. Bernstein entity, oversees the fund with a team led by Portfolio Managers James MacGregor (since March 2005) and Erik Turenchalk, CFA (since January 2020), supported by collaborative insights across asset classes. Recent developments include Boards of Directors/Trustees approval on August 5-6, 2025, for a reverse share split on Class C shares of AB equity and value funds effective on or about October 17, 2025, to consolidate shares without impacting holdings or performance, alongside Equitable Holdings' April 2025 acquisition of approximately $758 million in AllianceBernstein units via tender offer, boosting its economic interest in the manager to about 68.6%; the fund's total net assets stood at $2.2 billion as of mid-2025. The fund targets institutional, high-net-worth, and retail investors focused on small-value strategies, with primary operations in the U.S. equity markets and minor non-U.S. exposure.