AB
AB US Low Volatility Equity ETF (LOWV) is an actively managed exchange-traded fund that invests primarily in a portfolio of US large-cap equity securities selected for their quality, stability, and attractive pricing to seek long-term capital growth with lower volatility than the broader market. The fund holds approximately 60 to 80 high-conviction stocks, emphasizing companies with consistent cash flows, low volatility of returns relative to the market, and reasonable valuations; top holdings typically include leading names such as Microsoft Corp., Alphabet Inc. Class C, Apple Inc., Broadcom Inc., and UnitedHealth Group Inc., representing around 33-40% of assets. Managed by AllianceBernstein L.P., headquartered in Nashville, Tennessee, the ETF targets upside capture of approximately 90% and downside capture of 70% relative to the S&P 500, utilizing integrated quantitative and fundamental research to outperform while mitigating risk; it operates in the US equity market segment, serving investors seeking core equity exposure with defensive characteristics. Launched on March 22, 2023, as part of AllianceBernstein's active ETF suite, LOWV features a net expense ratio of 0.39% and focuses on mid- and large-capitalization US-domiciled companies, with limited exposure to non-US securities. AllianceBernstein has expanded its low-volatility ETF offerings in recent years, including the launch of the AB International Low Volatility Equity ETF (ILOW) in July 2024 and additional fixed-income and municipal ETF conversions in October and November 2025, reflecting strategic growth in actively managed ETFs ahead of the three-year anniversary of its ETF platform in September 2025.