About ASILX
AB Select US Long/Short Portfolio Class I is a U.S. mutual fund employing a long/short equity strategy designed for investors seeking long-term capital growth. The fund invests primarily in both long and short positions of U.S. equities, without constraints on company size or style, offering a flexible approach to market opportunities and risks. Its net equity exposure generally ranges between 30% and 70%, though it may vary significantly depending on market conditions and the fund managers’ outlook, and it often maintains a bias toward highly liquid investments.
Portfolio management emphasizes deep fundamental research and macroeconomic insights, balancing long positions for potential growth with short positions and cash to manage downside risk and liquidity in volatile markets. The fund's sector exposure is diversified, with notable concentrations in information technology, financials, communication services, and industrials, reflecting its dynamic approach to capturing market trends. Managerial flexibility and diligent risk management allow repositioning in response to changing economic and market environments. The fund is managed by AllianceBernstein and led by experienced portfolio managers, highlighting its active, research-driven investment process. This portfolio plays a specialized role in the financial market, offering investors a tool for diversification through strategies that can potentially benefit from both rising and falling equity prices.
Fund Family AllianceBernstein
Category Alt Long/Short Eq
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol ASILX
Share Class Class I
Index S&P 500 TR
ASILX had a total return of 8.41% in the past year, including dividends. Since the fund's
inception, the average annual return has been 8.40%.
