AB Discovery Value Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, AB Discovery Value Fund held 102 positions with $2.56B in net assets. Its ten largest holdings made up 15.9% of the fund. The ABASX share class costs 1.08% a year. Over the 12 months to May 2026, ABASX returned 22.4%, with dividends reinvested. In 2026 Q2 it added 23 new positions and exited 15.
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.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
Alliance Bernstein | 1.90% | $48.79M | — | — |
1.67% | $42.76M | 418.2K | $102.25 | |
1.63% | $41.88M | 195.6K | $214.12 | |
1.61% | $41.41M | 623.6K | $66.40 | |
1.61% | $41.33M | 110.6K | $373.60 | |
1.55% | $39.88M | 167.4K | $238.19 | |
FFIVF5 Inc | 1.53% | $39.16M | 94.1K | $415.96 |
IDAIDACORP Inc | 1.50% | $38.49M | 254.4K | $151.30 |
1.47% | $37.71M | 264.1K | $142.76 | |
Everest Group Ltd | 1.44% | $36.81M | 103.0K | $357.23 |
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.
All 102 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 98.26% |
| Cash & short-term | 1.90% |
By sector
- Industrials
- 23.1%
- Financials
- 15.1%
- Information Technology
- 11.9%
- Consumer Discretionary
- 10.8%
- 8 other sectors
- 39.1%
- Industrials
- 23.1%
- Financials
- 15.1%
- Information Technology
- 11.9%
- Consumer Discretionary
- 10.8%
- Health Care
- 7.6%
- Real Estate
- 6.8%
- Materials
- 6.5%
- Consumer Staples
- 5.6%
- International
- 4.1%
- Utilities
- 3.4%
- Energy
- 3.1%
- Cash
- 1.9%
How it has done
ABASX share class · total returns with dividends reinvested
Volatility over the last 12 months: 13.64%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 7 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 1.08% | +22.44% | +51.26% | +27.55% | -16.68% | |
| 1.84% | +21.46% | +47.78% | +22.75% | -16.98% | |
| 0.83% | +22.78% | +52.37% | +29.14% | -16.63% | |
| — | — | — | — | — | |
| — | — | — | — | — | |
| 0.91% | +22.59% | +52.02% | +28.81% | -16.65% | |
| 0.81% | +22.69% | +52.43% | +29.27% | -16.61% |
Fees & fund details
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
- Expense ratio, by class
- 0.81% – 1.84%· ABASX 1.08%
- Portfolio turnover
- 63.00% a year · as of 2026 Q1
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
23 new· the largest 8
15 exited· the largest 8
Understand how this fund fits with the rest.
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