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CIT: AB Multi-Mgr Retirement Trust 2040 Fund (W Series) Class T (WABMOX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
20.45
+0.06 (0.29%)
At close: Aug 27, 2026
Fund Assetsn/a
Expense Ration/a
Min. Investmentn/a
Turnovern/a
Dividend (ttm)n/a
Dividend Yieldn/a
Dividend Growthn/a
Payout Frequencyn/a
Ex-Dividend Daten/a
Previous Close20.39
YTD Return12.65%
1-Year Return18.46%
5-Year Return54.36%
52-Week Low17.15
52-Week High20.56
Beta (5Y)0.75
Holdingsn/a
Inception Daten/a

About WABMOX

The AB Multi-Manager Retirement Trust 2040 Fund (W Series) Class T is a collective investment trust designed as a target-date retirement vehicle. Its primary function is to help investors—typically participants in employer-sponsored retirement plans—prepare for retirement around the year 2040 by providing a professionally managed, diversified portfolio that automatically adjusts its asset allocation as the target date approaches. Initially, the fund features a growth-oriented asset mix, emphasizing equities to capture long-term appreciation. As 2040 nears, the allocation incrementally shifts toward more conservative investments like fixed income, helping to reduce risk while supporting capital preservation. This fund employs a multi-manager structure, blending asset management strategies from multiple investment experts to enhance diversification and pursue returns that are not closely correlated with traditional markets. It serves a pivotal role in defined contribution retirement plans, offering plan sponsors and participants a turnkey solution that adapts to changing risk profiles over the retirement savings journey. As a collective trust, it is generally offered only to certain qualified plans rather than individual investors, and it is not subject to SEC registration requirements that apply to mutual funds, though it remains subject to fiduciary and regulatory standards relevant to retirement assets.

Stock Exchange NASDAQ
Ticker Symbol WABMOX

Performance

WABMOX had a total return of 18.46% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.61%.