FEATURED RETIREMENT FUNDS
CLass I Shares Morningstar Quartile & Rank
US EQUITY Overall Morningstar RatingTM 1-Year 3-Year 5-Year 10-Year
Large Cap Growth Fund (ALLIX)

Against 1213 Large Growth Funds

2490/1376 1177/1213 165/1099 111/779
Discovery Growth Fund (CHCIX)

Against 549 Mid-Cap Growth Funds

131/613 152/549 1103/485 119/352
Relative Value Fund (CBBIX)

Against 1086 Large Value Funds

166/1263 1113/1086 180/958 198/687
Small Cap Growth Portfolio (QUAIX)

Against 592 Small Growth Funds

154/684 161/592 167/531 116/402
Core Opportunities Fund (ADGIX)

Against 1213 Large Growth Funds

41199/1376 3686/1213 3655/1099 2390/779
Discovery Value Fund (ABSIX)

Against 361 Mid-Cap Value Funds

2105/407 2102/361 161/309 246/225
FIXED INCOME
High Income Fund (AGDIX)

Against 588 High Yield Bond Funds

2216/684 145/588 152/488 14/319
Global Bond Fund (ANAIX)

Against 264 World Bond Funds

4250/301 3140/264 134/236 122/133
Intermediate Bond Portfolio (ABQIX)

Against 858 Intermediate-Term Funds

1160/999 1136/858 191/784 1113/561
CLass Z Shares
Multi-Asset: Target-date 1-Year 3-Year 5-Year 10-Year
Multi-Manager Select 2055 (TDPZX)

Against 159 Target-Date 2055 Funds

135/208 121/159
Multi-Manager Select 2050 (TDLZX)

Against 185 Target-Date 2050 Funds

133/231 117/185
Multi-Manager Select 2045 (TDNZX)

Against 168 Target-Date 2045 Funds

132/210 118/168
Multi-Manager Select 2040 (TDJZX)

Against 190 Target-Date 2040 Funds

129/235 110/190
Multi-Manager Select 2035 (TDMZX)

Against 168 Target-Date 2035 Funds

132/210 112/168
Multi-Manager Select 2030 (TDHZX)

Against 190 Target-Date 2030 Funds

146/235 113/190
Multi-Manager Select 2025 (TDGZX)

Against 173 Target-Date 2025 Funds

119/215 115/173
Multi-Manager Select 2020 (TDDZX)

Against 200 Target-Date 2020 Funds

131/245 120/200
Multi-Manager Select 2015 (TDCZX)

Against 105 Target-Date 2015 Funds

122/133 121/105
Multi-Manager Select 2010 (TDBZX)

Against 110 Target-Date 2000-2010 Funds

113/129 229/110
Multi-Manager Select Retirement Allocation (TDAZX)

Against 160 Target-Date Retirement Funds

283/183 265/160
CLass I Shares FI360 Fiduciary Score® Average & Numbers of Peers
US EQUITY Score 1-Year
Rolling Avg
3-Year
Rolling Avg
5-Year
Rolling Avg
10-Year
Rolling Avg
Large Cap Growth Fund (ALLIX)

Against Large Growth Funds

0
1369
0
1316
2
1163
7
985
12
637
Discovery Growth Fund (CHCIX)

Against Mid-Cap Growth Funds

0
606
21
582
41
512
30
450
30
288
Relative Value Fund (CBBIX)

Against Large Value Funds

0
1214
4
1155
13
1004
15
844
24
547
Small Cap Growth Portfolio (QUAIX)

Against Large Value Funds

22
701
23
662
38
560
28
492
16
318
Core Opportunities Fund (ADGIX)

Against Large Growth Funds

51
1369
32
1316
19
1163
19
985
20
637
Discovery Value Fund (ABSIX)

Against Mid-Cap Value Funds

0
403
31
371
41
333
40
270
29
164
FIXED INCOME
High Income Fund (AGDIX)

Against High Yield Bond Funds

0
655
0
614
8
507
6
411
250
Global Bond Fund (ANAIX)

Against World Bond Funds

40
294
15
281
6
244
5
192
100
Intermediate Bond Portfolio (ABQIX)

Against Intermediate-Term Funds

0
964
16
915
12
826
16
708
22
452
CLass Z Shares
Multi-Asset: Target-date
Multi-Manager Select 2055 (TDPZX)

Against Target-Date 2055 Funds

31
185
161
94
32
Multi-Manager Select 2050 (TDLZX)

Against Target-Date 2050 Funds

29
213
191
154
102
14
Multi-Manager Select 2045 (TDNZX)

Against Target-Date 2045 Funds

31
194
172
130
98
16
Multi-Manager Select 2040 (TDJZX)

Against Target-Date 2040 Funds

28
217
195
160
130
41
Multi-Manager Select 2035 (TDMZX)

Against Target-Date 2035 Funds

0
194
172
131
99
22
Multi-Manager Select 2030 (TDHZX)

Against Target-Date 2030 Funds

0
217
195
160
130
41
Multi-Manager Select 2025 (TDGZX)

Against Target-Date 2025 Funds

0
199
177
136
104
22
Multi-Manager Select 2020 (TDDZX)

Against Target-Date 2020 Funds

0
227
205
170
140
41
Multi-Manager Select 2015 (TDCZX)

Against Target-Date 2015 Funds

33
122
103
84
70
8
Multi-Manager Select 2010 (TDBZX)

Against Target-Date 2000-2010 Funds

33
125
112
99
88
31
Multi-Manager Select Retirement Allocation (TDAZX)

Against Target-Date Retirement Funds

31
179
156
140
125
46
key

As of March 31, 2018.

Past performance does not guarantee future results.

Morningstar percentile ranks are based on a fund’s total returns (including the effects of sales charges, loads and redemption fees) for the specified time period relative to all funds in the same category. The highest (or most favorable) percentile rank is 1 and the lowest (or least favorable) percentile rank is 100. The top-performing fund in a category will always receive a rank of 1. Investors can’t invest directly in indices or averages, and their performance does not represent the performance of any AB mutual fund. Morningstar rankings are only one metric of performance and do not represent absolute performance of any particular fund.

All investments involve risk, including possible loss of principal. Please see each fund’s prospectus for fund risks. Funds with high rankings is not an indication of positive performance results.

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, visit us online at www.abglobal.com or contact your AB Investments representative. Please read the prospectus and/or summary prospectus carefully before investing.

Morningstar ratings are specific metrics of performance and do not represent absolute performance of any fund. Morningstar ratings for the funds shown reflect performance as of March 31, 2018. The value of the Portfolio will fluctuate as the market fluctuates. The market values of the Portfolio’s holdings rise and fall from day to day, so investments may lose value. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. 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 fund 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. Morningstar Rating is for the share class noted only; other classes may have different performance characteristics.

Core Opportunities was rated 3, 3 and 3 stars against 1213, 1099 and 779 funds in the category, for the 3-, 5- and 10-year periods, respectively. Discovery Growth was rated 4, 4 and 4 stars against 549, 485 and 352 funds in the category, for the 3-, 5- and 10-year periods, respectively. Discovery Value was rated 3, 3 and 3 stars against 361, 309 and 225 funds in the category, for the 3-, 5- and 10-year periods, respectively. Large Cap Growth was rated 4, 5 and 5 stars against 1213, 1099 and 779 funds in the category, for the 3-, 5- and 10-year periods, respectively. Relative Value was rated 4, 5 and 4 stars against 1086, 958 and 687 funds in the category, for the 3-, 5- and 10-year periods, respectively. Small Cap Growth was rated 4, 4 and 4 stars against 592, 531 and 402 funds in the category for the 3-, 5- and 10-year periods, respectively. Global Bond was rated 3, 4 and 4 stars against 264, 236 and 133 funds in the category for the 3-, 5- and 10-year periods, respectively. High Income was rated 5, 4 and 5 stars against 588, 488 and 319 funds in the category, for the 3-, 5- and 10-year periods, respectively. Intermediate Bond was rated 4, 4 and 4 stars against 858, 784 and 561 funds in the category, for the 3-, 5- and 10-year periods, respectively. Multi-Manager Select 2055 was rated 4 stars against 159 funds in the category, for the 3-year period. Multi-Manager Select 2050 was rated 5 stars against 185 funds in the category, for the 3-year period. Multi-Manager Select 2045 was rated 5 stars against 168 funds in the category, for the 3-year period. Multi-Manager Select 2040 was rated 5 stars against 190 funds in the category, for the 3-year period. Multi-Manager Select 2035 was rated 5 stars against 168 funds in the category, for the 3-year period. Multi-Manager Select 2030 was rated 5 stars against 190 funds in the category, for the 3-year period. Multi-Manager Select 2025 was rated 5 stars against 173 funds in the category, for the 3-year period. Multi-Manager Select 2020 was rated 5 stars against 200 funds in the category, for the 3-year period. Multi-Manager Select 2015 was rated 4 stars against 105 funds in the category, for the 3-year period. Multi-Manager Select 2010 was rated 4 stars against 110 funds in the category, for the 3-year period. Multi-Manager Select Retirement Allocation was rated 3 stars against 160 funds in the category, for the 3-year period. Past performance is no guarantee of future results.

© 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 Fi360 Fiduciary Score® is a peer percentile ranking of an investment against a set of quantitative due diligence criteria selected to reflect prudent fiduciary management. The Fi360 Fiduciary Score should not be used as the sole source of information in an investment decision. Visit www.Fi360.com/Fi360-Fiduciary-Score for the complete methodology document.

“Fi360” and “Fi360 Fiduciary Score” are registered trademarks of Fi360, Inc. The Fi360 Fiduciary Score and data are copyright © 2018 Fi360, Inc. All Rights Reserved. Data source is © 2018 Morningstar, Inc. All Rights Reserved. The information contained herein is reprinted with permission of Fi360, Inc. The information (1) is proprietary to Fi360, and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Fi360 nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

The Retirement Plan Advisory Group™ (RPAG™) Scorecard System™ is a proprietary institutionally based investment scoring system that incorporates both quantitative and qualitative factors. The Scorecard score is based on 10 screens, which include style analysis, risk/return factors, peer group rankings, and certain qualitative factors. The Scorecard System is built around pass/fail criteria, on a scale of 0 to 10 (with 10 being the best). RPAG uses separate methodologies to assess active, passive, and asset allocation strategies. Active and asset allocation strategies are evaluated over a five-year time period, and passive strategies are evaluated over a three-year time period. The RPAG Score is calculated on a quarterly basis. The Score is 80% quantitative and 20% qualitative. Combined, these factors are one way of measuring the relative performance, characteristics, behavior, and overall appropriateness of a fund for inclusion into a plan as an investment option.

This web site is authorized for use only by registered investment professionals and is not authorized for use by the general public. The material contained herein is not for inspection by, distribution or quotation to, the general public.

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