Products & Performance

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Morningstar Rankings as of
Lipper Rankings as of

The performance shown represents past performance and does not guarantee future results. Current performance may be lower or higher than the performance information shown. The investment return and principal value of an investment in the Portfolio will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. Performance assumes reinvestment of distributions and does not account for taxes.

Performance for AB Growth Fund reflects a 0.22%, .05% and .09% increase in NAV on June 8, 2016, November 2, 2017 and November 17, 2017 for all share classes as a result of the Fund recording receivables on its books and records in connection with the distributions by the Alliance Fair Fund, Bank of America Fair Fund and JP Morgan Fair Fund, respectively.

Performance for AB Relative Value Fund reflects a 0.18% and 0.12% increase in NAV on June 8, 2016 and November 2, 2017 for all share classes as a result of the Fund recording receivables on its books and records in connection with the distributions by the Alliance Fair Fund and Bank of America Fair Fund, respectively.

Performance for AB Discovery Growth Fund reflects a 0.13% and 0.07% increase in NAV on June 8, 2016 and November 2, 2017 for all share classes as a result of the Fund recording receivables on its books and records in connection with the distributions by the Alliance Fair Fund and Bank of America Fair Fund, respectively.

Performance for AB Large Cap Growth Fund reflects a 0.38% and 0.08% increase in NAV on June 8, 2016 and November 2, 2017 for all share classes as a result of the Fund recording receivables on its books and records in connection with the distributions by the Alliance Fair Fund and Bank of America Fair Fund, respectively.

Performance for AB Sustainable Global Thematic Fund reflects a 4.33% and 0.77% increase in NAV on June 8, 2016 and November 2, 2017 for all share classes as a result of the Fund recording receivables on its books and records in connection with the distributions by the Alliance Fair Fund and Bank of America Fair Fund, respectively.

Performance for AB Core Opportunities Fund reflects a 0.02% increase in NAV on November 17, 2017 for all share classes as a result of the Fund recording a receivable on its books and records in connection with the distribution by the JP Morgan Fair Fund.

Performance for AB Global Risk Allocation Fund reflects a 0.02% increase in NAV on November 17, 2017 for all share classes as a result of the Fund recording a receivable on its books and records in connection with the distribution by the JP Morgan Fair Fund.

If applicable, please keep in mind that high, double-digit returns are highly unusual and cannot be sustained. Investors should also be aware that these returns were primarily achieved during favorable market conditions.

Fund returns are annualized for periods longer than one year. The NAV does not take into account any sales charges that may apply when shares are purchased or redeemed; if sales charges were reflected, the Fund’s quoted performance would be lower. Class A annualized returns with sales charge reflect the deduction of the maximum sales charge: 3.00% for municipal fixed income funds; 4.25% for all other funds. Prior to October 1, 2009 the maximum front-end sales charge for Class A shares of the municipal fixed income funds was 4.25%. If the Class A annualized returns for the municipal income funds reflected the deduction of the former maximum sales charge, their returns would be lower. Class B shares of Equity Funds and the Unconstrained Bond Fund are subject to a contingent deferred sales charge equal to 4% in year 1, 3% in year 2, 2% in year 3, and 1% in year 4 (or, for Fixed Income Funds, except Unconstrained Bond, 3% in year 1, 2% in year 2 and 1% in year 3). Class C shares of all Funds are subject to a 1-year, 1% contingent deferred sales charge. Returns for Advisor Class, Class R, Class K, Class Z, Class I and Class 2 are at NAV and carry no front-end or contingent deferred sales charges. Returns for Class R shares are without the imposition of a sales charge that would apply if shares were purchased outside of a group retirement plan.

The net asset value (NAV) price is the value of one share of the Portfolio as of the date listed. The NAV does not take into account any initial sales charges that may apply when shares are purchased or redemption charges when shares are sold; if these sales charges were reflected, the Portfolio's quoted performance would be lower. The NAV change is the change in value of one share of the Portfolio from the prior day's value.

Distribution yield is calculated on a 30-day rolling basis by annualizing the average of the dividends distributed over the most recent 30 day period, and dividing that figure by the current NAV. For the AB Bond Inflation Strategy Fund and the AB Municipal Bond Inflation Strategy Fund, distribution yield is calculated by annualizing the most recent monthly dividend distribution and dividing that figure by the current NAV. The distribution yield calculation does not include long-term or short-term capital gains distributions.

A Word About Risk: Because each Fund pursues its own unique investment objectives, each Fund has its own set of risks which are fully discussed in its prospectus. In order to achieve their investment objectives, some Funds may at times use certain types of investment derivatives, such as options, futures, forwards and swaps. These instruments involve risks different from, and in certain cases, greater than, the risks presented by more traditional investments. For Funds that can invest in foreign securities, which may include emerging markets securities, risks may be magnified due to changes in foreign exchange rates and the possibility of substantial volatility due to political and economic uncertainties in foreign countries. Portfolios that hold a smaller number of securities may be more volatile than more diversified portfolios.

Funds that invest in small-cap and mid-cap stocks are often more volatile than large-cap stocks—smaller companies generally face higher risks due to their limited product lines, markets and financial resources. Funds that invest in real estate are subject to a variety of factors affecting the real estate market, such as economic conditions, mortgage rates and availability, which can cause the value of such investments to decline. REITs may have additional risks due to limited diversification and the impact of tax law changes.

Funds that invest in fixed income securities are subject to decreasing bond prices as interest rates rise and increasing bond prices as interest rates fall. The values of mortgage related securities and asset-backed securities are particularly sensitive to changes in interest rates due to prepayment risk. In addition, a bond’s credit rating reflects the issuer’s ability to make timely payments of interest or principal—the lower the rating, the higher the risk of default. If the issuer’s financial strength deteriorates, the issuer’s rating may be lowered and the bond’s value may decline. Funds that invest in debt securities issued by state or local governments may be subject to special political, legal, economic and market factors that can have a significant effect on the portfolio’s yield or value.

© 2018 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Lipper rankings and fund averages are based on total returns at net asset value, without the imposition of a sales charge which would reduce total return figures.

Lipper averages represent the average returns of funds contained in the Lipper universe. Funds in the Lipper averages generally have similar investment objectives to the Funds, although some may have different investment policies

The performance shown represents past performance and does not guarantee future results. Current performance may be lower or higher than the performance information shown. The investment return and principal value of an investment in the Portfolio will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. Performance assumes reinvestment of distributions and does not account for taxes.

Investors should consider the investment objectives, risks, charges and expenses of the Fund/Portfolio carefully before investing. For copies of our prospectus or summary prospectus, which contain this and other information, click here or contact your AB representative. Please read the prospectus and/or summary prospectus carefully before investing.

AllianceBernstein Investments, Inc. (ABI) is the distributor of the AB family of mutual funds. ABI is a member of FINRA and is an affiliate of AllianceBernstein L.P., the manager of the funds.

AB mutual funds may be offered only to persons in the United States and by way of a prospectus. This website should not be considered a solicitation or offering of any investment products or services to investors residing outside of the United States.