AB Large Cap Growth Fund Class K
ALCKX
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- AB Large Cap Growth Fund Class K (ALCKX) is an open-end mutual fund managed by AllianceBernstein L.P. that seeks long-term growth of capital by investing primarily in equity securities of large, high-quality U.S. companies with strong growth potential across various market sectors; it emphasizes common stocks of seasoned large-capitalization firms, typically holding 50 to 70 stocks in a high-conviction portfolio focused on companies exhibiting persistent profitability, high returns on assets and invested capital, and the ability to reinvest above their cost of capital; under normal circumstances, the fund allocates at least 80% of net assets to such equities, with sector weightings including information technology (around 37%), health care (around 19%), and communication services (around 14%), and may invest in exchange-traded funds or derivatives such as options, futures, forwards, and swaps for efficient exposure or risk management. AllianceBernstein L.P., the fund's investment adviser both founded in 1967 (as predecessor firms Sanford C. Bernstein & Co. and Alliance Capital Management, merging in 2000) and headquartered in Nashville, Tennessee (with key offices at 1345 Avenue of the Americas, New York, NY), operates globally with presence in over 45 locations across major markets including the U.S., Europe, and Asia; the firm serves institutional investors, individuals, and private wealth clients, managing approximately $860 billion in assets under management as of September 2025. The Class K shares (ALCKX), which carry a net expense ratio of 0.98% and are available primarily to trust company customers or certain retirement plans with a minimum initial investment of $100, were incepted on March 1, 2005, as part of the broader AB Large Cap Growth Fund family launched in 1996; the fund maintains a portfolio turnover of around 30-38% and total assets exceeding $26 billion. In recent developments, outstanding Class K and Class R shares are scheduled for liquidation on or about April 30, 2025, as these classes are no longer offered to new investors, reflecting a strategic streamlining of share classes; AllianceBernstein has pursued growth through Equitable Holdings' acquisition of approximately $758 million in AB units in early April 2025 under a master exchange agreement, boosting Equitable's economic interest to about 68.6%; the firm also expanded capabilities with the 2022 acquisition of CarVal Investors to enhance private alternatives offerings, amid 2024 net inflows of $4.2 billion across its active platform and AUM growth to $869 billion by late 2025.