The portfolio invests primarily in equity securities of companies that are organized, or have substantial business in Europe.
Invest in emerging markets is subject to higher volatility and higher risks (e.g. liquidity risk, currency risk, political risk, regulatory risk, economic risk, legal and taxation risk, settlement risk and custody risk).
Investment in the portfolio may involve general investment risk, equities securities risk, concentration risk, smaller capitalization companies risk and currency risk. The value of the portfolio can be volatile and can go down substantially within a short period of time. It is possible that the entire value of your investment in the portfolio can be lost.
The portfolio is entitled to use financial derivative instruments for hedging, efficient portfolio management and other investment purposes which may involve counterparty / credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. The leverage element / component of a financial derivative instrument can result in a loss significantly greater than the amount invested in the financial derivative instrument by the Portfolio. Exposure to financial derivative instrument may lead to a high risk of significant loss by the Portfolio.
Dividends may be paid from capital or effectively out of the capital of the Portfolio, which may amount to a partial return or withdrawal of an investor’s original investment or from any capital gains attributable to that original investment and result in an immediate decrease of the Net Asset Value per Share. Distributions for hedged share classes may be adversely affected by differences in the interest rates of the reference currency and the Portfolio’s base currency, resulting in a greater amount of distribution being paid out of capital than other non-hedged share classes.
Investors should not rely on this document alone to make investment decisions.

Meet the Team

_{On 31 May 2006 the Portfolio was formed by the merger of ACMBernstein Value Investments—European Value Portfolio (“ACMBVI—EVP”) into ACM Global Investments—European Value Portfolio. Performance prior to 31 May 2006 and noted “Since Inception” is actually ACMBVI—EVP. The investment objective, policies and strategies of the portfolios are substantially the same. Prior to 14 September 2016, the Portfolio was named AB European Value Portfolio. All data prior to 14 September 2016 relates to the AB European Value Portfolio. Effective 4 May 2018, AB - European Equity Portfolio has been restructured from AB FCP I into AB SICAV I.}