AllianceBernstein Managed Volatility Equities Fund
About this Fund
|FUND MANAGER||AllianceBernstein Australia|
|ASSET CLASS||AUSTRALIAN EQUITIES|
|INVESTMENT STYLE||The Fund invests mainly in ASX-listed shares, supplemented with investments in selected global developed market shares and cash to help reduce volatility.|
|INVESTMENT PROFILE||The Fund aims to achieve returns that exceed the Benchmark, after fees, over the medium to long term.|
|CURRENCY MANAGEMENT||Active management|
|BENCHMARK||S&P/ASX 300 Franking Credit Adjusted Daily Total Return Index (Tax-Exempt)|
|FUND SIZE||S&P/ASX 300 Franking Credit Adjusted Daily Total Return Index (Tax-Exempt)|
|NO. OF HOLDINGS||50-100|
|FEES||0.55% of the net asset value of the Fund|
Benefits of investing in the AllianceBernstein Managed Volatility Equities Fund
The Fund is designed for equity investors, including retirees and pre-retirees, seeking:
About the Fund
The Fund invests mainly in Australian Securities Exchange (ASX) listed shares with up to 20% of its assets in global developed market shares and has the ability to hold up to 20% in cash, for example as a short term defensive measure at times of heightened equity market volatility.
The Fund implements a managed volatility equities strategy that aims to reduce volatility by identifying, and investing in, high quality listed equity securities that have reasonable valuations, high quality cash flows and relatively stable share prices.
The Fund does not always hedge the foreign currency exposures of its global equity assets to Australian dollars but the investment manager has the discretion to determine the extent to which any foreign currency exposure is reduced or removed. For example, the investment manager may decide not to remove a foreign currency exposure if it believes it offers defensive characteristics which would assist in lowering the volatility of the Fund.
How we invest your money
Asset classes and allocation ranges
The following asset allocations are the expected ranges over the medium to long term but they can be exceeded over the short term:
The Fund may also invest in preference shares, rights, convertibles, warrants, securities we reasonably expect to be listed within six months including initial public offerings, listed trusts and/or other synthetic foreign equity securities.
Derivatives may be used to manage risks, invest cash, manage volatility and gain or reduce investment exposures. Derivatives will not be used for leveraging or gearing purposes.