Fund Evaluator:

AB Emerging Markets Multi-Asset Advisor Overview

AB Emerging Markets Multi-Asset Advisor (ABYEX) is an actively managed International Equity Diversified Emerging Mkts fund. AllianceBernstein launched the fund in 2011.

The investment seeks to maximize total return. The fund invests at least 80% of its net assets under normal circumstances in securities of emerging market issuers and/or the currencies of emerging market countries. The fund will invest between 30% and 95% of its net assets in equity securities, and between 0% and 65% of its net assets in debt securities, with any remainder held in cash (including foreign currency).

About AB Emerging Markets Multi-Asset Advisor (ABYEX)

There are 4 members of the management team with an average tenure of 3.59 years: Sammy Suzuki (2023), Christian DiClementi (2021), Eric Liu (2024), Richard Cao (2022). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: MSCI EM NR USD index with a weighting of 100%. AB Emerging Markets Multi-Asset Advisor has 338 securities in its portfolio. The top 10 holdings constitute 35.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

AB Emerging Markets Multi-Asset Advisor is part of the Equity global asset class and is within the International Equity fund group. AB Emerging Markets Multi-Asset Advisor has 88.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 1.2%. There is 65.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 29.6% (6.6% domestic bond, 23.1% foreign bond and 0.0% convertible bond). AB Emerging Markets Multi-Asset Advisor has 4.1% of the portfolio in cash.

Assets Under Management

The fund has $168 million in total assets, which is below the $992 million average for the Diversified Emerging Mkts category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

ABYEX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The AB Emerging Markets Multi-Asset Advisor expense ratio is high compared to funds in the Diversified Emerging Mkts category. AB Emerging Markets Multi-Asset Advisor has an expense ratio of 1.00%, which is 13% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. AB Emerging Markets Multi-Asset Advisor has a portfolio turnover rate of 135%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 68% for the Diversified Emerging Mkts category.

Recently, in the month of August 2026, AB Emerging Markets Multi-Asset Advisor returned 3.0%, which earned it a grade of D, as the Diversified Emerging Mkts category had an average return of 3.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

AB Emerging Markets Multi-Asset Advisor has a trailing yield of 2.61%, which is above the 1.65% category average. The fund normally distributes its income quarterly.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

AB Emerging Markets Multi-Asset Advisor Grades

Year to date, the fund has returned 20.6%, 3.2 percentage points worse than the category, which translates into a grade of D. The fund has returned 31.2% over the past year (grade of D), 22.9% over the past three years (grade of C) and 7.9% per year over the past five years (grade of B) and 7.7% per year over the past 10 years (grade of D).

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