The portfolio invests in a global portfolio of equity securities that are determined by the Investment Manager to be undervalued.
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, currency risk and management 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, risk management, efficient portfolio management and 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 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—Global Value Portfolio (“ACMBVI—GVP”) into ACM Global Investments—Global Value Portfolio. Performance prior to 31 May 2006 and noted “Since Inception” is actually ACMBVI—GVP. The investment objective, policies and strategies of the portfolios are substantially the same. Effective 31 March 2023, AB - Global Value Portfolio has been restructured from AB FCP I into AB SICAV I. Please see the prospectus for details.}

_{For enquiries regarding the Net Asset Value (NAV) of AllianceBernstein funds, please call (852) 2918 7888.}