Strategy

Seeks to produce high current income as well as overall total return by:

Applying a global, multi-sector approach to bond investment
Investing mainly in higher yielding, lower-rated (below Investment Grade) securities of issuers located throughout the world, including developed and emerging market countries
Investing in both US dollar and non-US dollar denominated securities

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
Liquidity risk
Lower-rated and unrated instruments risk
OTC derivatives counterparty risk
Portfolio turnover risk
Sovereign debt obligations risk
Structured investments 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.