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Is AB Discovery Growth A (CHCLX) a Strong Mutual Fund Pick Right Now?

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24.09.2021

Mid Cap Growth fund seekers should consider taking a look at AB Discovery Growth A (CHCLX). CHCLX holds a Zacks Mutual Fund Rank of 1 (Strong Buy), which is based on nine forecasting factors like size, cost, and past performance.

Objective

CHCLX is part of the Mid Cap Growth section, a segment that boasts a wide array of possible selections. While Mid Cap Growth mutual funds choose companies with a stock market valuation between $2 billion and $10 billion, stocks in these funds are also expected to show broad considerable growth opportunities for investors compared to their peers. To be considered a growth stock, companies must consistently report impressive sales and/or earnings growth.

History of Fund/Manager

AllianceBernstein is based in New York, NY, and is the manager of CHCLX. The AB Discovery Growth A made its debut in July of 1938 and CHCLX has managed to accumulate roughly $1.06 billion in assets, as of the most recently available information. The fund is currently managed by a team of investment professionals.

Performance

Investors naturally seek funds with strong performance. This fund in particular has delivered a 5-year annualized total return of 23.32%, and it sits in the top........

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