AB Discovery Value Fund Class R
ABSRX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- AllianceBernstein LP New York NY United States of America 10105
- IPO Date
- Nov 3, 2003
- CIK
- 0001129870
- Similar Companies
- Business
- AB Discovery Value Fund Class R (ABSRX) is an open-end mutual fund managed by AllianceBernstein L.P. that invests primarily in U.S. small- and mid-cap value equities, targeting stocks with attractive valuations relative to future cash earnings power and featuring company-specific or industry catalysts to unlock potential. The fund employs a high-conviction, deeper-value strategy utilizing fundamental and quantitative research to identify undervalued companies, particularly in the small-cap market with limited analyst coverage; it normally holds 60 to 120 stocks, with sector allocations including industrials (23.05%), financial services (19.12%), and consumer cyclical (18.21%), and top holdings such as BJ's Wholesale Club Holdings Inc., Idacorp Inc., and Jones Lang LaSalle Inc. Portfolio managers include James W. MacGregor, who has served since 2005 as Chief Investment Officer for Small and Mid-Cap Value Equities, and Erik Turenchalk, CFA, who joined in 2020. The fund, part of the Small Value category, benchmarks against the Russell 2500 Value Index (secondary) and a broader market index per recent regulatory updates, with total net assets for related share classes exceeding $2 billion as of recent reports. AllianceBernstein L.P., founded through the 2000 merger of Alliance Capital Management (established 1971) and Sanford C. Bernstein & Co. (established 1967), serves as the investment adviser and is headquartered in Nashville, Tennessee, following a 2021 relocation from New York; the firm manages approximately $860 billion in assets under management as of September 2025 and operates globally, offering diversified investment services to institutional, individual, and private wealth clients primarily in the United States. Recent developments include approval at board meetings on August 5-6, 2025, for reverse share splits on Class C shares across AB equity funds, including AB Discovery Value Fund, to align net asset values with other share classes, reduce variances, and minimize marketplace confusion; this operational change aims to enhance uniformity in capital ratios. The fund updated its primary benchmark in line with new regulations requiring reflection of the overall investable market. At the parent level, AllianceBernstein announced a planned joint venture with Societe Generale in April 2025 to combine equity research and execution platforms, forming a leading global cash equities business, subject to regulatory approvals.