New lineup includes US Low Volatility, High
Dividend and Disruptors
NASHVILLE, Tenn., March 22,
2023 /PRNewswire/ -- AllianceBernstein Holding L.P.
(NYSE: AB) and AllianceBernstein L.P., a leading global investment
management and research firm, announced today the launch of three
new active exchange-traded funds (ETFs) on the New York Stock
Exchange (NYSE): the AB US Low Volatility Equity ETF [NYSE:
LOWV], the AB US High Dividend ETF [NYSE: HIDV] and the
AB Disruptors ETF [NYSE: FWD]. Global liquidity provider
Citadel Securities will be the Lead Market Maker on these products,
bringing extensive industry experience and pricing expertise to
AB's ETF suite.
"Drawing upon the success of our inaugural ETFs launched in
2022, this new suite of Equity ETFs demonstrates our commitment to
delivering best-in-class investment strategies in adaptable and
accessible vehicles for all investors," said Global Head of ETFs
and Portfolio Solutions Noel Archard. "Our clients look to us for
unique capital market insights across market cycles, and to
introduce products that allow them to best manage their portfolios
across evergreen investment themes like growth or income
generation."
AB's new active ETFs include:
- [NYSE: LOWV]: The AB US Low Volatility Equity ETF
is an actively managed ETF whose objective is capital appreciation
with an emphasis on lower volatility compared to the broader US
equity market.
- [NYSE: HIDV]: The AB US High Dividend ETF is an
actively managed ETF that seeks to provide current income as well
as long-term growth of capital. In pursuing the fund's objective,
AB utilizes a systematic approach to identify attractive US
companies that pay dividends and have the potential for long-term
capital generation. The fund may also invest in non-dividend paying
companies.
- [NYSE: FWD]: The AB Disruptors ETF is an actively
managed ETF that seeks long-term growth of capital by investing in
a global portfolio of equity securities. In pursuing the fund's
objective, AB seeks to invest in "disruptive" innovation leaders.
The fund may invest in any sector or industry.
"AB and Bernstein Private Wealth Management are focused on
providing differentiated investment capabilities and wealth
planning services to help clients manage their portfolios across
market cycles," said Onur Erzan Head of Global Client Group and
Private Wealth at AllianceBernstein. "The launch of these new ETFs,
led by our veteran investment teams, furthers our commitment to
customizing investment solutions for different clients and their
varying needs."
For more information and to learn more about these ETFs, visit
www.alliancebernstein.com/go/etfs.
About AllianceBernstein
AllianceBernstein is a leading global investment management firm
that offers high-quality research and diversified investment
services to institutional investors, individuals, and private
wealth clients in major world markets. As of February 28,
2023, AllianceBernstein had $665 billion in assets under
management. Additional information about AB may be found on our
website, www.alliancebernstein.com.
Investing in securities involves risk and there is no
guarantee of principal.
Investors should consider the investment objectives,
risks, charges, and expenses of the Fund/Portfolio carefully before
investing. For copies of our prospectus or summary prospectus,
which contain this and other information, visit us online at
www.alliancebernstein.com or contact your AB representative. Please
read the prospectus and/or summary prospectus carefully before
investing.
Shares of the ETF may be bought or sold throughout the day at
their market price on the exchange on which they are listed. The
market price of an ETF's shares may be at, above or below the ETF's
net asset value ("NAV") and will fluctuate with changes in the NAV
as well as supply and demand in the market for the shares. Shares
of the ETF may only be redeemed directly with the ETF at NAV by
Authorized Participants, in very large creation units. There can be
no guarantee that an active trading market for the Fund's shares
will develop or be maintained, or that their listing will continue
or remain unchanged. Buying or selling the Fund's shares on an
exchange may require the payment of brokerage commissions and
frequent trading may incur brokerage costs that detract
significantly from investment returns.
Investment
Risk
|
FWD
|
HIDV
|
LOWV
|
Active Trading
Market Risk
|
X
|
X
|
X
|
Capitalization
Risk
|
X
|
X
|
X
|
Currency
Risk
|
X
|
|
|
Depositary Receipts
Risk
|
X
|
|
|
Derivatives
Risk
|
|
X
|
|
Dividend Paying
Securities Risk
|
|
X
|
|
Emerging Market
Risk
|
X
|
|
|
Equity Securities
Risk
|
X
|
X
|
X
|
Foreign (Non-U.S.)
Investments Risk
|
X
|
X
|
X
|
Global
Risk
|
X
|
|
|
New Fund
Risk
|
X
|
X
|
X
|
Non-Diversification
Risk
|
X
|
X
|
X
|
Quantitative Models
Risk
|
|
X
|
|
Sector
Risk
|
X
|
|
|
Active Trading Risk: The Fund expects to engage
in active and frequent trading, which will increase the portfolio
turnover rate. A higher portfolio turnover increases transaction
costs and may negatively affect the Fund's
return. Capitalization Risk: Investments in small- and
mid-capitalization companies may be more volatile than investments
in large capitalization companies. Investments in small- and
mid-capitalization companies may have additional risks because
these companies have limited product lines, markets or financial
resources. Currency Risk: Fluctuations in currency
exchange rates may negatively affect the value of the Fund's
investments or reduce its returns. Depositary Receipts Risk:
Investing in depositary receipts involves risks that are similar to
the risks of direct investments in foreign securities.
Derivatives Risk: Derivatives may be difficult to
price or unwind and may be leveraged so that small changes may
produce disproportionate losses for the Fund. Dividend Paying
Securities Risk: The Fund invests in securities that pay
dividends. There can be no assurance that dividends will be
declared or paid on securities held by the Fund in the future, or
that dividends will remain at current levels or increase.
Emerging Market Risk: Investments in emerging market
countries may have more risk because the markets are less developed
and less liquid as well as being subject to increased economic,
political, regulatory, or other uncertainties. Equity Securities
Risk: The Fund invests in publicly traded equity securities,
and their value may fluctuate, sometimes rapidly and unpredictably,
which means a security may be worth more or less than when it was
purchased. Foreign (Non-U.S.) Investments Risk: Investments
in securities of non-U.S. issuers may involve more risk than those
of U.S. issuers. These securities may fluctuate more widely in
price and may be more difficult to trade than domestic securities
due to adverse market, economic, political, regulatory, or other
factors. Global Risk: The Fund invests in companies in
multiple countries. These companies may experience differing
outcomes with respect to safety and security, economic
uncertainties, natural and environmental conditions, health
conditions, and/or systemic market dislocations. The global
interconnectivity of industries and companies, especially with
respect to goods, can be negatively impacted by events occurring
beyond a company's principal geographic location, which can
contribute to volatility, valuation, and liquidity issues. New
Fund Risk: The Fund is a recently organized, giving prospective
investors a limited track record on which to base their investment
decision. Non-Diversification Risk: The Fund may have more
risk because it is "non-diversified", meaning that it can invest
more of its assets in a smaller number of issuers. Accordingly,
changes in the value of a single security may have a more
significant effect, either negative or positive, on the Fund's net
asset value. Quantitative Model Risk: AB uses a quantitative
model to identify investment opportunities for the Fund. There is a
risk that market behavior will change and the patterns upon which
the models are based will weaken or disappear which would reduce
the ability of the models to generate an excess return. Sector
Risk: The Fund may have more risk because it may invest to
a significant extent in one or more particular market sectors, such
as the information technology sector. To the extent it does so,
market or economic factors affecting the relevant sector(s) could
have a major effect on the value of the Fund's investments.
AllianceBernstein L.P. (AB) is the investment adviser for the
Fund.
Distributed by Foreside Fund Services, LLC. Foreside is not
related to AB or Citadel Securities.
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SOURCE AllianceBernstein