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CIT: AB Multi-Mgr Retirement Trust 2060 Fund (W Series) Class T (WABMWX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
21.45
+0.08 (0.36%)
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 Close21.37
YTD Return14.00%
1-Year Return20.47%
5-Year Return56.43%
52-Week Low17.61
52-Week High21.59
Beta (5Y)0.81
Holdingsn/a
Inception Daten/a

About WABMWX

The AB Multi-Manager Retirement Allocation Trust (W Series) Class T is a collective investment trust designed to serve as a strategic retirement solution within defined contribution plans. Its primary function is to offer diversified asset allocation tailored for investors at or near retirement, blending multiple investment managers and asset classes to balance risk and return as investors transition out of the workforce. This trust represents a collaboration between AllianceBernstein, recognized for its expertise in target-date fund design, and Morningstar Investment Management, known for its robust asset allocation and manager selection capabilities. Unlike single-manager funds, this multi-manager structure leverages independent investment managers across a wide spectrum of asset classes, aiming to reduce portfolio risk and enhance overall returns through diversification. The Retirement Allocation Trust, distinct from traditional target-date funds, is specifically structured for participants who have reached or are close to retirement and require prudent, ongoing asset management rather than a simplistic shift to cash or fixed income. As a collective investment trust, it is a cost-efficient alternative to mutual funds, helping plan sponsors meet fiduciary responsibilities while providing plan participants with a professionally managed retirement income solution.

Stock Exchange NASDAQ
Ticker Symbol WABMWX

Performance

WABMWX had a total return of 20.47% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.29%.