CIT: AB Multi-Mgr Retirement Trust 2050 Fund (W Series) Class T (WABMSX)
| Fund Assets | n/a |
| Expense Ratio | n/a |
| Min. Investment | n/a |
| Turnover | n/a |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 20.73 |
| YTD Return | 10.74% |
| 1-Year Return | 20.03% |
| 5-Year Return | 56.01% |
| 52-Week Low | 17.12 |
| 52-Week High | 21.04 |
| Beta (5Y) | 0.81 |
| Holdings | n/a |
| Inception Date | n/a |
About WABMSX
The AB Multi-Manager Retirement Trust 2050 Fund (W Series) Class T is a collective investment trust designed as a target-date fund, tailored for investors planning to retire around the year 2050. Its primary objective is to seek strong total returns over time, in alignment with a dynamic asset allocation strategy that evolves as the target retirement date approaches. The fund features a diversified portfolio, investing across various asset classes and managers to help mitigate risk and optimize long-term growth potential. Emphasizing a multi-manager approach, the fund leverages the expertise of multiple sub-advisors to access a broad mix of equity, fixed income, and diversifying asset strategies. Such diversification is intended to support capital appreciation during the investor’s early saving years, while gradually shifting to more conservative holdings as retirement nears. Available exclusively to qualified retirement plans, the fund plays a significant role in workplace defined contribution plans, serving as a turnkey solution for retirement savers seeking age-based asset allocation with ongoing professional management.
Performance
WABMSX had a total return of 20.03% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.02%.