About ASYLX
AB Select US Long/Short Portfolio Advisor Class is a long-short equity mutual fund managed by AllianceBernstein. Its primary function is to seek long-term capital growth by actively investing at least 80% of its assets in both long and short positions of U.S. equity securities, as well as maintaining significant allocations in cash and cash equivalents. The fund employs a flexible and unconstrained investment approach—positions are selected based on deep fundamental research and macroeconomic assessment, with exposure spanning large, mid, and small-cap companies. The portfolio typically maintains a net equity exposure between 30% and 70%, allowing tactical adjustments in response to market conditions.
The fund is characterized by active risk management and a high turnover rate, balancing growth opportunities with downside protection through strategic short selling. Major holdings often include leading U.S. corporations, particularly in technology, communication services, consumer cyclical, and financial sectors, alongside cash or money market positions for liquidity. AB Select US Long/Short Portfolio Advisor Class plays a versatile role in the market, catering to investors seeking a strategy that can potentially perform in a variety of environments by capitalizing on market gains and mitigating risks through both bullish and bearish positions.
Fund Family AllianceBernstein
Category Long-Short Equity
Performance Rating Above Average
Risk Rating Low
Stock Exchange NASDAQ
Ticker Symbol ASYLX
Share Class Advisor Class
Index S&P 500 TR
ASYLX had a total return of 9.14% in the past year, including dividends. Since the fund's
inception, the average annual return has been 8.43%.
