Strategy

Seeks to maximize total returns through current income and capital appreciation by:

Investing primarily in fixed-income securities issued by corporations domiciled in emerging markets; the Portfolio can also make use of quasi-sovereign and sovereign securities to improve liquidity
Applying a holistic approach to analyzing credit which considers macro, industry, and credit risks
Leveraging AB's emerging market and global credit process and experience, which uses a unique combination of fundamental and quantitative investment management

Portfolio Management Team

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Investment Risks to Consider

These and other risks are described in the Fund's prospectus

Investment returns and principal value of the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Some of the principal risks of investing in the Fund include:

Corporate debt obligations risk
Derivatives risk
Emerging-markets risk
Fixed-income securities risk
Focused portfolio risk
Lower-rated and unrated instruments risk
OTC derivatives counterparty risk
Sovereign debt obligations risk
Structured instruments risk

Fund Literature

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AllianceBernstein provides its investment management services in Canada through its affiliates Sanford C. Bernstein & Co. LLC and AllianceBernstein Canada, Inc. Shares of the AllianceBernstein Luxembourg funds described herein are not registered in Canada for public sale to Canadian resident investors.