Strategy

Seeks high total investment return by:

Investing primarily in investment grade debt securities and opportunistically in non-investment grade debt
Applying a global multi-sector approach designed to maximize opportunities, including investment in government and corporate debt
Drawing on a large global team to evaluate the top-down factors influencing markets as well as the bottom-up factors affecting bond prices

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

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.