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 17 July 2019
Asset Under Management 7.14 Million (USD)
1 Month Total Return 4.48 %
Year To Date Return 17.24 %
1 Year Total Return 2.34 %
3 Year Annualized Total Return
NAV 28.56
Share Outstanding 250,000
Top 10 Holdings (17 July 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
HESS CORP HES EQUI 0.0266000000
MASTERCARD INC - A MA EQUI 0.0263000000
TRACTOR SUPPLY COMPANY TSCO EQUI 0.0241000000
ADOBE INC ADBE EQUI 0.0240000000
ANTHEM INC ANTM EQUI 0.0239000000
PHILIP MORRIS INTERNATIONAL PM EQUI 0.0237000000
TJX COMPANIES INC TJX EQUI 0.0237000000
VISA INC-CLASS A SHARES V EQUI 0.0236000000
COCA-COLA CO/THE KO EQUI 0.0236000000
ALLERGAN PLC AGN EQUI 0.0235000000