AB Discovery Value Fund
AB TRUST · 5 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
AB Discovery Value Fund is an actively managed U.S. equity fund. 18% of ABASX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 89% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
Fund profile
As filed in the prospectus · 2026 Q1
The Funds investment objective is long-term growth of capital.
The fund invests in small- to mid-capitalization U.S. companies identified through fundamental and quantitative research as undervalued relative to their long-term earnings power, typically focusing on those with attractive valuations and strong return on equity. The adviser projects each company's financial performance over a full economic cycle and values it against normalized earnings five years forward. The fund manages portfolio volatility relative to the lowest 20% of U.S. market capitalization by favoring securities offering the best balance of return and risk, and may hold significant positions in sectors that represent a material portion of the small- and mid-cap universe, such as financial and consumer services.
| Share class | Gross | Net |
|---|---|---|
| ABASX | 1.09% | 1.08% |
| ABCSX | 1.84% | 1.84% |
| ABYSX | 0.84% | 0.83% |
| ABSIX | 0.91% | 0.91% |
| ABSZX | 0.81% | 0.81% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 63.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 98.26% |
| Cash & short-term | 1.90% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Industrials | 23.1% |
| Financials | 15.1% |
| Information Technology | 11.9% |
| Consumer Discretionary | 10.8% |
| 8 smaller | 39.1% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Portfolio growth profile
How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2
Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +27.21% | +45.73% | +30.19% | 13.81% | -16.68% | |
| +26.31% | +42.41% | +25.36% | 13.82% | -16.98% | |
| +27.57% | +46.77% | +31.78% | 13.80% | -16.63% | |
| — | — | — | — | — | |
| — | — | — | — | — | |
| +27.43% | +46.49% | +31.45% | 13.76% | -16.65% | |
| +27.55% | +46.87% | +31.97% | 13.81% | -16.61% |
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | Alliance Bernstein | 1.90% | — | $48.79M | — |
| USFD | US Foods Holding CorpUSFD | 1.67% | $102.25 | $42.76M | 418.2K |
| THG | The Hanover Insurance Group IncTHG | 1.63% | $214.12 | $41.88M | 195.6K |
| BWA | BorgWarner IncBWA | 1.61% | $66.40 | $41.41M | 623.6K |
| RS | Reliance IncRS | 1.61% | $373.60 | $41.33M | 110.6K |
| RRX | Regal Rexnord CorpRRX | 1.55% | $238.19 | $39.88M | 167.4K |
| FFIV | F5 IncFFIV | 1.53% | $415.96 | $39.16M | 94.1K |
| IDA | IDACORP IncIDA | 1.50% | $151.30 | $38.49M | 254.4K |
| UMBF | UMB Financial CorpUMBF | 1.47% | $142.76 | $37.71M | 264.1K |
| — | Everest Group Ltd | 1.44% | $357.23 | $36.81M | 103.0K |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
Top 10 positions are 15.91% of net assets, top 25 35.66%, across 102 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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