AB Discovery Value Fund Class I
ABSIX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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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 1, 2005
- CIK
- 0001129870
- Website
- alliancebernstein.com
- Similar Companies
- Business
- AB Discovery Value Fund Class I (ABSIX) is an open-end mutual fund managed by AllianceBernstein L.P. that seeks long-term growth of capital by investing primarily in a diversified portfolio of equity securities of small- to mid-capitalization U.S. companies, with at least 80% of net assets allocated to those falling within the capitalization range of the Russell 2500 Value Index. The fund employs a high-conviction, deeper-value strategy that utilizes fundamental research to target stocks with attractive valuations relative to future cash earnings power and compelling company-specific or industry catalysts to unlock potential, focusing on opportunities in the small-cap market with limited analyst coverage; it holds diversified positions across sectors including industrials (20.31%), financial services (18.21%), technology (13.81%), consumer cyclical (10.43%), and real estate (8.35%), with top holdings such as BJ's Wholesale Club Holdings Inc., NCR Atleos Corp., Jones Lang LaSalle Inc., Tenet Healthcare Corp., and Encompass Health Corp. The fund is available to U.S. investors through various share classes, including Class I with a net expense ratio of 0.91%, a minimum initial investment of $2 million, and total net assets of approximately $2.33 billion as of recent data. Launched on March 1, 2005, and domiciled in the United States with headquarters at AllianceBernstein L.P., 1345 Avenue of the Americas, New York, the fund primarily operates in U.S. equity markets while maintaining minor exposure to non-U.S. stocks (4.20%). Portfolio management is led by James W. MacGregor, Senior Vice President since inception in 2005, and Erik Turenchalk, CFA, Portfolio Manager since January 2020, emphasizing a collaborative, long-term approach across asset classes. In recent developments, AllianceBernstein announced a strategic joint venture with Societe Generale in April 2025 to combine Bernstein Research Services' global equity research and execution platform with Societe Generale's capabilities, aiming to create a leading global equity house focused on cash equities, research, and execution with accretive profitability from 2025; this partnership enhances the firm's research-driven investment processes supporting funds like ABSIX. The firm also continues pursuing RIA acquisitions, having engaged over 20 firms, and launched the AB US Equity ETF (XCHG) in December 2025 in collaboration with Bernstein Private Wealth Management, expanding its active ETF offerings amid broader strategic growth in high-value equity segments. No fund-specific acquisitions, name changes, or major portfolio shifts were reported for ABSIX in the last 1-2 years, with stable management and investment policy.