AB Discovery Value Fund
ABYSX
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
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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 L.P. MA United States of America
- IPO Date
- Mar 29, 2001
- CIK
- 0001129870
- Website
- alliancebernstein.com
- Similar Companies
- Business
- AB Discovery Value Fund (ABYSX) 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 issued by small- and mid-capitalization U.S. companies determined to be undervalued based on a fundamental value approach; the fund employs a high-conviction, deeper-value strategy utilizing fundamental research to target stocks with attractive valuations relative to their future cash earnings power and compelling company-specific or industry catalysts to unlock potential, with at least 80% of net assets under normal circumstances allocated to such small- and mid-cap securities, resulting in sector allocations including industrials (23.34%), financial services (16.80%), technology (12.87%), healthcare (8.87%), and consumer cyclical (8.57%), alongside top holdings such as Tenet Healthcare Corp (1.72%), Idacorp Inc (1.70%), Reliance Inc (1.70%), Jones Lang LaSalle Inc (1.66%), and TechnipFMC PLC (1.63%) as of the latest reporting. Launched on March 29, 2001, with Advisor Class shares (ABYSX) exhibiting a net expense ratio of 0.84% and total net assets of approximately $2.31 billion (including $1.52 billion in the Advisor Class), the fund is domiciled in the United States and available for sale therein, with portfolio turnover of 53% in the most recent fiscal year; it is led by portfolio managers James MacGregor (since March 1, 2005) and Erik Turenchalk, CFA (since January 1, 2020). AllianceBernstein L.P., the fund's investment manager and a leading global investment management firm founded through mergers tracing to 1967 (Sanford C. Bernstein & Co.) and 1971 (Alliance Capital), is headquartered in Nashville, Tennessee, following its 2021 relocation from New York, and operates worldwide with approximately $860 billion in assets under management as of September 2025. In recent developments, AllianceBernstein approved a reverse share split for Class C shares of its equity funds, including AB Discovery Value Fund, at board meetings held August 5-6, 2025, pursuant to which shareholders receive one Class C share in exchange for a specified number of existing shares to align unit pricing; the firm also continues to expand its alternatives capabilities, building on the 2022 acquisition of CarVal Investors and commitments such as $500 million from majority owner Equitable Holdings, Inc. (holding 68.5% economic interest) to new private credit strategies, alongside AUM growth to preliminary levels of $869 billion by October 2025. The fund categorizes within the Morningstar Small Value segment, with 95.27% U.S. stocks, 3.28% non-U.S. stocks, and 1.45% cash, targeting institutional and individual investors seeking exposure to undervalued small- and mid-cap equities amid market volatility risks including capitalization size, derivatives, and market fluctuations.