# AB Discovery Value Fund (ABSZX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/abszx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: AllianceBernstein · Asset class: Equity - Strategy: Actively Managed · Inception: 2013-10-21 The fund's primary strategy involves building a diverse portfolio of U.S. company stocks, focusing on those with small to mid-range market capitalizations. Ordinarily, at least 80% of its total assets are committed to these types of enterprises. For the purpose of this investment approach, small- to mid-capitalization companies are considered those whose market value, at the point of purchase, falls within a specific range: from the smallest company in the Russell 2500® Value Index up to the greater of $5 billion or the market capitalization of the largest company in that same index. ## Key Facts | Metric | Value | |---|---| | Price | $22.96 | | Expense Ratio | 0.81% | | AUM (All Share Classes) | $2.33B | | NAV | $22.96 | | Holdings Count | — | | Distribution Yield (TTM) | 5.49% | | Annual Distribution (TTM) | $1.26 /share | | Distribution Frequency | Annual | | 52-Week Range | $19.74 – $24.29 | | Beta | 1.04 | ## Latest Distribution - Amount: $1.2605 /share - Ex-date: 2025-12-11 - Pay date: 2025-12-15 ## Frequently Asked Questions ### What does ABSZX invest in? The fund's primary strategy involves building a diverse portfolio of U.S. company stocks, focusing on those with small to mid-range market capitalizations. Ordinarily, at least 80% of its total assets are committed to these types of enterprises. For the purpose of this investment approach, small- to mid-capitalization companies are considered those whose market value, at the point of purchase, falls within a specific range: from the smallest company in the Russell 2500® Value Index up to the greater of $5 billion or the market capitalization of the largest company in that same index. ### What is the expense ratio of ABSZX? AB Discovery Value Fund (ABSZX) charges an expense ratio of 0.81%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is ABSZX? AB Discovery Value Fund (ABSZX) is one share class of a fund that manages $2.33B across all of its share classes (ABASX, ABSIX, ABYSX report the same total). Our data does not carry the assets of this share class alone. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is ABSZX actively managed or an index fund? ABSZX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (ABSZX's is 0.81%) in exchange for the discretion to over- or under-weight positions. ### When was ABSZX launched? AB Discovery Value Fund (ABSZX) launched in October 2013 and is managed by AllianceBernstein. ### How has ABSZX performed? ABSZX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does ABSZX pay a dividend? AB Discovery Value Fund (ABSZX) currently distributes little or no income. Trailing-twelve-month yield is 5.49%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does ABSZX pay dividends? AB Discovery Value Fund pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is ABSZX's dividend yield? ABSZX's trailing-twelve-month yield is 5.49%, calculated from the sum of dividends over the past year divided by the current price. ### When is ABSZX's next ex-dividend date? The most recently announced ex-dividend date for ABSZX was 2025-12-11. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will ABSZX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.81% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does ABSZX charge its expense ratio? The expense ratio is deducted in tiny daily slices from ABSZX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does ABSZX cost more than a fund like VOO? ABSZX is actively managed (current expense ratio 0.81%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether ABSZX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to ABSZX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as ABSZX (0.81%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/abszx - Distribution history: https://www.dividenddata.com/funds/abszx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/abszx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/abszx/expenses - Peer comparison: https://www.dividenddata.com/funds/abszx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.