Important risk disclosure

Please click here and read carefully the summary of the key features and risks specific to this fund stated in the offering document prepared by the relevant fund house before making any investment decision.

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HK0000945094

AB (HK) Global Low Volatility Equity Portfolio(HK0000945094)

Equities
Developed markets
USD Cash
Accumulating

Invest with

USD Cash

Payout type

Accumulating

Risk rating

About this fund

Description

The Fund aims to achieve long-term capital growth by identifying equity securities of predominantly developed markets, believed to have fundamentally lower volatility and less downside risks in the future and constructing a portfolio that seeks to mi...

Key information

Annual report

Key fact sheet

Prospectus

Factsheet

Our perspective

Why we think this fund is best-in-class

Product

Globally diversified portfolio of high quality companies with a focus on lower volatility and downside protection through a consistent investment style of gaining balanced exposure to Quality, Stability and Reasonable Price.

People

Managed by 2 experienced Portfolio managers with an average of 25 years of investment experience and are supported by 38 fundamental and 10 quantitative analysts. AllianceBernstein is a leading global investment-management and research firm, operating in 26 countries and jurisdictions, with US$697 billion in assets under management globally.

Performance

Strong risk adjusted returns since inception of the strategy with lower volatility and downside protection during market drawdown. Has historically fallen within its target Beta of 0.7 to 0.8 while achieving equity-market like returns over a full market cycle.

Process

Designed to limit the downside risk during market volatility employing a disciplined, bottom-up investment process that integrates their proprietary research to select higher quality companies. Resulting portfolio consists of around 70 to 90 high-quality, stable companies purchased at a reasonable price to lower volatility and limit downside risk during periods of volatility.

Cost

Retail share class with 100% trailer fee rebated back to Endowus investors to achieve lower cost of access.

How it fits in a portfolio

Investors should note that the design of the strategy is such that it does not necessarily capture all of the market performance when the market goes up. Therefore, when selecting this fund, it will be worthwhile to consider the overall return and risk profile that you would like to have and complement your selection with other funds if needed.

Invest in this fund

Performance

Returns

NAV

Shows the total return of this accumulating fund, which includes dividends reinvested.

Total returns

Cumulative

Annualised

All Time

29.18%

YTD

-6.22%

1 month

-6.25%

6 month

-6.07%

1 year

4.89%

As of Mar 2026

Distributions

This is an accumulating fund, so dividends are re-invested at the fund level.

Risk metrics

Max drawdown

-6.50%As of Mar 2026

Volatility

9.21%As of Mar 2026

Calendar returns

Year	Total	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	-	-0.6%	0.6%	-6.3%	-	-	-	-	-	-	-	-	-
2025	11.4%	2.2%	1.2%	-3.7%	0.7%	4.2%	2.7%	0.0%	0.9%	2.7%	0.4%	0.0%	-0.3%
2024	16.1%	1.9%	2.6%	2.1%	-3.4%	4.5%	2.7%	2.1%	2.1%	0.6%	-1.5%	3.4%	-1.8%
2023	-	-	-	-	-	-	-	-	0.0%	-2.4%	-1.2%	7.0%	3.3%

Top Exposures

Holdings

Regions

Sectors

Alphabet Inc Class C	4.51%
Microsoft Corp	4.14%
Apple Inc	4.12%
NVIDIA Corp	3.52%
Broadcom Inc	2.63%
Taiwan Semiconductor Manufacturing Co Ltd ADR	2.38%
Merck & Co Inc	2.01%
Amazon.com Inc	1.98%
McKesson Corp	1.85%
Gilead Sciences Inc	1.83%

Top exposures represent up to 15 of the fund's largest exposures for each category. Allocation percentages may not sum up to 100% and can include negative values due to rounding or trading activities by the underlying fund managers, including short positions.

Fund fees

1.85%1.10% p.a.

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Fund facts

ISIN

HK0000945094

Fund house

AllianceBernstein

Fund size

US$1.1M

As of 28 Apr 2026

Fund inception date

22 Aug 2023

Fund class currency

USD

Fund share class

A USD

Oldest share class ISIN

HK0000945094

Oldest share inception date

22 Aug 2023

Pricing frequency

Daily

Warning statements

All investments involve risks (including the possibility of loss of the capital invested) and the price of fund units may go up as well as down.
Past performance is not indicative of future performance.
Although this fund has been authorised by the Hong Kong Securities and Futures Commission (“SFC”), it does not imply an official recommendation or endorsement by the SFC nor does it guarantee the commercial merits of the fund or its performance.
If you are in any doubt, you should clarify with us or seek independent professional advice.

Risk Warnings Investment involves risk. Past performance is not an indicator nor a guarantee of future performance or returns. Projected performance or returns are not guaranteed to materialise. The value of investments and the income from them can go down as well as up, and you may not get the full amount you invested. Rates of exchange may cause the value of investments to go up or down. Individual stock performance does not represent the return of a fund.

The value of the fund can be volatile and can go down substantially within a short period of time. It is possible that a certain amount or all of your investment could be lost.

Generic risk warnings relating to collective investment schemes

Funds are not a bank deposit and not capital guaranteed, and is subject to investment risks, including the possible loss of the principal amount invested. There is no assurance that a fund will have sufficient liquidity to meet redemption requests and that the fund's investment objectives and strategies will be achieved.

The funds' investment may involve substantial market, currency, volatility, liquidity, regulatory and political risks. Some funds may use derivatives, whether for hedging or for investment purposes. The risks associated with derivatives include counterparty/credit, liquidity, valuation, volatility and market risks. The fund's volatility may increase or decrease from its derivative usage and such fund may suffer losses from its derivative usage. Do not invest in these funds unless you fully understand and are willing to assume the risks associated with them.

Opinions Any forward-looking statements, prediction, projection or forecast on the economy, stock market, bond market or economic trends of the markets contained in this material are subject to market influences and contingent upon matters outside the control of Endowus HK Limited (“Endowus”) and therefore may not be realised in the future. Further, any opinion or estimate is made on a general basis and subject to change without notice. In presenting the information above, none of Endowus HK Limited, its affiliates, directors, employees, representatives or agents have given any consideration to, nor have made any investigation of the objective, financial situation or particular need of any user, reader, any specific person or group of persons. Therefore, no representation is made as to the completeness and adequacy of the information to make an informed decision. You should carefully consider (i) whether any investment views and products/ services are appropriate in view of your investment experience, objectives, financial resources and relevant circumstances. You may also wish to seek financial advice through a financial advisor or the Endowus platform and independent legal, accounting, regulatory or tax advice, as appropriate.

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