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Address And Details

1295 State St , Springfield, MA 01111
Fund Manager Team Managed
Manager Tenure

Strategy And Objective

The Fund seeks to achieve long-term growth of capital by investing primarily in a diversified portfolio of equity securities of smaller companies. The Fund invests primarily in equity securities that the Funds subadvisers consider to be undervalued. Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in the securities of companies whose market capitalizations at the time of purchase are within the market capitalization range of companies included in the Russell 2000 Index or the S&P SmallCap 600 Index (as of December 31, 2021, between $[42.98 million] and $[15.47 billion]). Equity securities may include common stocks, preferred stocks, securities convertible into common or preferred stock, rights, and warrants. The Fund typically invests most of its assets in equity securities of U.S. companies, but may invest in foreign securities and American Depositary Receipts (ADRs), including emerging market securities. The Fund generally will not invest more than 20% of its total assets in foreign securities. The Fund may invest in real estate investment trusts ( REITs) and exchange-traded funds. The Fund may at times have significant exposure to one or more industries or sectors. The Fund may hold a portion of its assets in cash or cash equivalents. The Fund is managed by two subadvisers, Alliance Bernstein L.P. (AllianceBernstein) and American Century Investment Management, Inc. (American Century), each being responsible for a portion of the portfolio, although they may manage different amounts of the Funds assets. Each subadviser employs a value-based investment approach and may perform a number of analyses in considering whether to buy or sell a security for the Fund. Alliance Bernstein seeks to invest primarily in a diversified portfolio of equity securities of small-sized companies that it determines, using its own fundamental value approach, to be undervalued. Using fundamental and quantitative research, AllianceBernstein seeks to identify companies whose ability to grow earnings over the long term does not appear to be reflected in their current market price. Alliance Bernstein looks for companies with attractive valuation (e.g., low price to cash flow ratios) and compelling quality factors (e.g., return on equity), then ranks those stocks by their expected return. Returns and rankings are updated on a daily basis. The rankings are used to determine prospective candidates for further fundamental research and, subsequently, possible addition to the Fund. Typically, Alliance Bernsteins fundamental research analysts focus on the most attractive 40% of the companies in the small-capitalization universe as defined above. Alliance Bernstein generally sells a security when it no longer meets appropriate valuation criteria, although sales may be delayed when return trends are favorable. Typically, growth in the size of a companys market capitalization relative to other domestically traded companies will not cause Alliance Bernstein to dispose of the security.

Net Asset Value

as of 5:38 PM ET 05/20/2022

Performance

  • 1 Week
  • -1.30%
  • 1 Month
  • -10.19%
  • 3 Months
  • -11.32%
  • 1 Yr Return
  • -23.72%
  • 5 Yr Return
  • -20.47%

Equity Sector Breakdown

Finance 29.17%
IndustrialCyclical 17.96%
Technology 9.14%
ConsumerDurables 7.71%
NonDurables 7.68%
RetailTrade 6.98%
Services 4.39%
Health 3.24%
Utilities 1.77%
Energy 1.12%

Asset Allocation

Asset Type % Of Allocation
Stocks 99.83%
ForeignStocks 3.94%
Other 0.36%
Cash 0.00%
Bonds 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 160.05 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -4.54 -6.51 -4.78
Beta 1.19 1.17 1.14
R Squared 0.69 0.70 0.69
Std Deviation 26.82 23.04 18.73
Sharpe Ratio 0.48 0.39 n/a

Purchase Information

as of 5:36 PM ET 05/19/2022
Minimum Initial $0
Minimum Additional $0
Minimum Initial IRA $0

Performance

Timeframe Average Annual Current Performance Monthly As Of 04/30/2022 Average Annual Current Performance Quarterly As Of 03/31/2022 Avg Annual Current Performance Monthly As Of 04/30/2022 Avg Annual Current Performance Quarterly As Of 03/31/2022
1 Year
  • -8.22%
  • +3.11%
-8.22% +3.11%
3 Year
  • +9.50%
  • +14.11%
+9.50% +14.11%
10 Year
  • +9.41%
  • +10.13%
+9.41% +10.13%
Life Of Fund
  • +9.55%
  • +10.37%
+9.55% +10.37%

Top 10 Holdings

Symbol Company Name % Of Assets
GT GOODYEAR TIRE & RUBBER CO 1.37%
BKU BANKUNITED INC 1.37%
ARCB ARCBEST CORPORATION 1.36%
IBCP INDEPENDENT BANK CORPORATION 1.34%
KFY KORN FERRY 1.30%
DY DYCOM INDUSTRIES INC 1.30%
IRT INDEPENDENCE REALTY TRUST IN 1.27%
TMHC TAYLOR MORRISON HOME CORPORA 1.15%
STAG STAG INDUSTRIAL INC 1.12%
DOC PHYSICIANS REALTY TRUST 1.10%

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