AB International Value Fund
Data updated: 2026-09-11
C000028766 — AB International Value Fund. Europe Mid Cap Value Industrials Equity · $135.17M AUM. Holdings, fees, performance and SEC filings.
C000028766 Fund Overview
AB International Value Fund is a US mutual fund managed by Ab Trust, categorised as Europe Mid Cap Value Industrials Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Ab Trust
- Category: Europe Mid Cap Value Industrials Equity
- Assets under management: $135.17M
- 1-year return: 5.3%
- SEC CIK: 0001129870
- SEC series ID: S000010413
- Share class ID: C000028766
C000028766 Investment Objective and Strategy
AB International Value Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Ab Trust.
Investment objective
The Fund’s investment objective is long-term growth of capital.
Principal investment strategy
The Fund invests primarily in a diversified portfolio of equity securities of established companies selected from more than 40 industries and more than 40 developed and emerging market countries. These countries currently include the developed nations in Europe and the Far East, Canada, Australia and emerging market countries worldwide. Under normal market conditions, the Fund invests significantly (at least 40%--unless market conditions are not deemed favorable by the Adviser) in securities of non-U.S. companies. In addition, the Fund invests, under normal circumstances, in the equity securities of companies located in at least three countries. The Fund invests in companies that are determined by the Adviser to be undervalued, using a fundamental value approach. In selecting securities for the Funds portfolio, the Adviser uses its fundamental and quantitative research to identify companies whose stocks are priced low in relation to their perceived long-term earnings power.
The Advisers fundamental analysis depends heavily upon its large internal research staff. The research staff begins with a global research universe of international and emerging market companies. Teams within the research staff cover a given industry worldwide to better understand each companys competitive position in a global context. The Adviser typically projects a companys financial performance over a full economic cycle, including a trough and a peak, within the context of forecasts for real economic growth, inflation and interest rate changes. The Adviser focuses on the valuation implied by the current price, relative to the earnings the company will be generating five years from now, or normalized earnings, assuming average mid-economic cycle growth for the fifth year. The Funds management team and other senior investment professionals work in close collaboration to weigh each investment opportunity identified by the research staff relative to the entire portfolio and determine the timing and position size for purchases and sales.
Analysts remain responsible for monitoring new developments that would affect the securities they cover. The team will generally sell a security when it no longer meets appropriate valuation criteria, although sales may be delayed when positive return trends are favorable. Currencies can have a dramatic impact on equity returns, significantly adding to returns in some years and greatly diminishing them in others. The Adviser evaluates currency and equity positions separately and may seek to hedge the currency exposure resulting from securities positions when it finds the currency exposure unattractive. To hedge a portion of its currency risk, the Fund may from time to time invest in currency-related derivatives, including forward currency exchange contracts, futures contracts, options on futures contracts, swaps and options.
The Adviser may also seek investment opportunities by taking long or short positions in currencies through the use of currency-related derivatives. The Fund may enter into other derivatives transactions, such as options, futures contracts, forwards, and swaps. The Fund may use options strategies involving the purchase and/or writing of various combinations of call and/or put options, including on individual securities and stock indices, futures contracts (including futures contracts on individual securities and stock indices) or shares of exchange-traded funds (ETFs). These transactions may be used, for example, in an effort to earn extra income, to adjust exposure to individual securities or markets, or to protect all or a portion of the Funds portfolio from a decline in value, sometimes within certain ranges.
The Fund may, at times, invest in shares of ETFs in lieu of making direct investments in equity securities. ETFs may provide more efficient and economical exposure to the type of companies and geographic locations in which the Fund seeks to invest than direct investments. The Fund may invest in depositary receipts, instruments of supranational entities denominated in the currency of any country, securities of multinational companies and semi-governmental securities, and enter into forward commitments.
C000028766 Holdings
Top 10 holdings of AB International Value Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Tokyo Electron Ltd | 3.85% |
| Shell PLC | 3.12% |
| Roche Holding AG | 2.51% |
| Alliance Bernstein | 2.44% |
| Sony Group Corp | 2.26% |
| Resona Holdings Inc | 2.25% |
| Taiwan Semiconductor Manufacturing Co Ltd | 2.04% |
| Airbus SE | 2.03% |
| Industria de Diseno Textil SA | 1.99% |
| BNP Paribas SA | 1.93% |
C000028766 Portfolio Allocation
Asset-class allocation of AB International Value Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 97.3% |
| Cash & Equivalents | 2.4% |
C000028766 Performance
Total returns for C000028766 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 5.3% |
| 3 years (annualised) | 2.8% |
C000028766 Risk Information
Risk metrics for C000028766, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 15.3%
C000028766 Costs and Fees
C000028766 costs about $150 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.50%
- Gross expense ratio: 2.27%
- Portfolio turnover: 50%
- Brokerage commissions: 1.62 bps of average net assets (SEC N-CEN)
C000028766 Cashflows
Over the 12 months to 2026-06, AB International Value Fund had net outflows of $2.21M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$256.23K |
| 2026-05 | −$2.06M |
| 2026-04 | −$2.17M |
| 2026-03 | −$1.71M |
| 2026-02 | $824.74K |
| 2026-01 | $724.63K |
C000028766 Debt Constituents
No individual debt constituents are reported in AB International Value Fund's latest SEC N-PORT filing.
C000028766 Prospectus and SEC Filings
Official AB International Value Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-26
- Prospectus (485BPOS) — filed 2025-02-27
- Prospectus (485BPOS) — filed 2024-02-28
- Portfolio holdings (N-PORT) — filed 2026-08-26
- Portfolio holdings (N-PORT) — filed 2026-07-24
- Portfolio holdings (N-PORT) — filed 2026-04-24
- Annual census (N-CEN) — filed 2026-09-11
- Annual census (N-CEN) — filed 2026-02-12
Related Funds
Other Europe Mid Cap Value Industrials Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.