BERN

Fund Description
The Bernstein U.S. Research Fund (the Fund ) seeks to provide investment results that, before fees and expenses, track the total return performance of the Bernstein U.S. Research Index (the Index ). The Fund will normally invest at least 80% of its total assets in component securities of the Index. The Index is designed to measure the performance of large-cap U.S. stocks rated Outperform by sell-side analysts of Sanford C. Bernstein, LLC ( Bernstein or the Index Provider ) and ranked within one of the top three quintiles of Bernstein s published quantitative alpha model. The stocks included in the Index are selected from a universe of all stocks covered by Bernstein sell-side analysts that are listed on a U.S. exchange. Based on their review of a variety of factors, Bernstein analysts generally assign one of three ratings to each stock: Outperform (stocks that are expected to outpace the S&P 500 Index by more than 15 percentage points in the 6-12 months ahead); Market-Perform (stocks that are expected to perform in line with the S&P 500 Index to within +/- 15 percentage points in the 6-12 months ahead); or Underperform (stocks that are expected to trail the performance of the S&P 500 Index by more than 15 percentage points in the 6-12 months ahead).
Fund Profile
Fund Name Bernstein US Research Fund
Fund Exchange Ticker BERN
Fund Sponsor Bernstein Funds
Fund ISIN US3015057983
Net Expense Ratio 0.50 %
Fund Inception Date 16 October 2017
Fund Legal Structure ETF (Open end fund)
Exchange BATS
Listing Country Code US
Fund Investment Objective
ETF Type Specific US Equities - Quant Strat
Asset Class Equities (Stocks)
Index Linked Passive
Index Name Bernstein U.S. Research Index
Index Provider Bernstein
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Market Capitalization Range Large Cap
Growth Value Core / Blend
Continent North America
Key Statistics
Return As of Date 22 March 2019
Asset Under Management 6.77 Million (USD)
1 Month Total Return -2.92 %
Year To Date Return 10.83 %
1 Year Total Return -1.86 %
3 Year Annualized Total Return
NAV 27.09
Share Outstanding 250,000
Top 10 Holdings (22 March 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
PHILIP MORRIS INTERNATIONAL PM EQUI 0.0196000000
HESS CORP HES EQUI 0.0185000000
MONDELEZ INTERNATIONAL INC-A MDLZ EQUI 0.0180000000
APACHE CORP APA EQUI 0.0179000000
ANTHEM INC ANTM EQUI 0.0178000000
KOSMOS ENERGY LTD KOS EQUI 0.0178000000
MASTERCARD INC - A MA EQUI 0.0175000000
ROYAL CARIBBEAN CRUISES LTD RCL EQUI 0.0174000000
TYSON FOODS INC-CL A TSN EQUI 0.0174000000
NORWEGIAN CRUISE LINE HOLDIN NCLH EQUI 0.0172000000