Morningstar® Investment Profile™   Morningstar®
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Release date as of 2024-10-31. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2024-10-31
Out of 448
Small Value Funds
Morningstar®
Style Box™
What is this?
As of 2024-09-30
Total Fund Assets ($ Mil)
706.07
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks long-term growth of capital.
The fund invests primarily in a diversified portfolio of equity securities of small- to mid-capitalization U.S. companies. It invests at least 80% of its net assets in securities of small- to mid-capitalization companies. For purposes of this policy, small- to mid-capitalization companies are those that, at the time of investment, fall within the capitalization range between the smallest company in the Russell 2500® Value Index and the greater of $5 billion or the market capitalization of the largest company in the Russell 2500® Value Index.
  Morningstar Category: Small Value
Small-value portfolios invest in small U.S. companies with valuations and growth rates below other small-cap peers. Stocks in the bottom 10% of the capitalization of the U.S. equity market are defined as small cap. Value is defined based on low valuations (low price ratios and high dividend yields) and slow growth (low growth rates for earnings, sales, book value, and cash flow). 
  Investment Risks
Small Cap Funds: Smaller companies typically have higher risk of failure, and are not as well established as larger blue-chip companies. Historically, the smaller company stocks have experienced a greater degree of market volatility than the overall market average.
  Portfolio Profile
Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 94.8
Bullet Non-U.S. Stocks Non-U.S. Stocks 4.8
Bullet Bonds Bonds 0.0
Bullet Cash Cash 0.5
Bullet Other Other 0.0
Asset Allocation Rescaled Graph
Data through 2024-09-30
Morningstar Equity Sectors
% of Stocks
Cyclical 45.84
Basic Materials 2.44
Consumer Cyclical 16.96
Financial Services 18.72
Real Estate 7.72
Sensitive 42.90
Communication Services 1.76
Energy 5.14
Industrials 21.58
Technology 14.42
Defensive 11.27
Consumer Defensive 1.95
Healthcare 7.00
Utilities 2.32
Data through 2024-09-30
Holding Status
Total Number of Stock Holdings 90
Total Number of Bond Holdings 0
% of Net Assets in Top 10 Holdings 14.85
Turnover % (as of 2023-12-31) 49.00
30 Day SEC Yield % ---
Top Holdings
Sector P/E % of Net
Assets
Jones Lang LaSalle Inc 34.17 1.73
C.H. Robinson Worldwide Inc 35.65 1.62
Pentair PLC 24.78 1.49
Cameco Corp --- 1.48
Encompass Health Corp 23.40 1.46
BorgWarner Inc 8.32 1.46
American Financial Group Inc 12.16 1.41
Teleflex Inc 39.89 1.41
First Citizens BancShares Inc Class A 11.10 1.40
F5 Inc 24.49 1.39
Data through 2024-09-30
  Principal Risks   
Currency, Foreign Securities, Loss of Money, Not FDIC Insured, Capitalization, Active Management, Market/Market Volatility, Industry and Sector Investing, Derivatives
Show Risk Definitions
  Other Information
Inception Date: 2001-05-02
Portfolio Manager(s)
Erik Turenchalk   (2020-01-01)
To be provided.
James W. MacGregor   (2005-12-30)
Chief Investment Officer—Small and Mid-Cap Value Equities James MacGregor was appointed Chief Investment Officer of Small and Mid-Cap Value Equities in 2009. From 2009 to 2012, he also served as CIO of Canadian Value Equities. From 2004 to 2009, MacGregor was director of research of Small and Mid-Cap Value Equities, overseeing coverage of companies for the Small-Cap and Small/Mid-Cap Value services. He started as a research analyst covering the banking, energy, industrial commodity, transportation, and aerospace & defense industries for those same services. Prior to joining the firm in 1998, MacGregor was a sell-side research analyst at Morgan Stanley, where he covered US packaging and Canadian paper stocks. He holds a BA in economics from McGill University, an MSc in economics from the London School of Economics and an MBA from the University of Chicago. MacGregor is a CFA charterholder. Location: New York
Investment Advisor(s)
AllianceBernstein L.P.
Issuer
AllianceBernstein
Subadvisor(s)
---
Show Data Definitions

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