The AB US Large Cap Strategic Equities ETF has outperformed the S&P 500 since its inception in September 2023, achieving a 33% return. The ETF's sector allocation, with significant weight in healthcare, financials, consumer discretionary, and industrials has driven its recent outperformance. Value sectors like utilities, consumer discretionary, and real estate are emerging as strong performers, benefiting from falling interest rates and economic optimism.