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The fund is basically the Feeder Fund which will invest in at least 80% of its total net asset value on foreign mutual fund, AllianceBernstein International Value Fund (ABIYX). ABIYX is open-ended fund seeking for long-term growth of capital by primarily investing in a diversified portfolio of stocks of non-U.S. companies. By using a fundamental value approach, its investment strategy will emphasize on companies that are determined by the Bernstein Value Equities research unit to be undervalued. The fund, typically invest in stocks selected from more than 40 developed and emerging market countries.
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