FEATURED RETIREMENT FUNDS
CLass I Shares Morningstar Quartile & Rank
US EQUITY: CORE Overall Morningstar RatingTM 1-Year 3-Year 5-Year 10-Year
Core Opportunities Fund (ADGIX)

Against 1216 Large Growth Funds

41145/1363 2447/1216 2361/1109 2318/787
US EQUITY: GROWTH
Discovery Growth Fund (CHCIX)

Against 562 Mid-Cap Growth Funds

134/617 1100/562 2154/490 141/362
Large Cap Growth Fund (ALLIX)

Against 1216 Large Growth Funds

1334/1363 165/1216 141/1109 115/787
US EQUITY: VALUE
Discovery Value Fund (ABSIX)

Against 366 Mid-Cap Value Funds

3193/405 168/366 153/311 120/221
Relative Value Fund1 (CBBIX)

Against 1090 Large Value Funds

1206/1260 1118/1090 1161/965 2230/695
FIXED INCOME: TAXABLE
Global Bond Fund (ANAIX)

Against 271 World Bond Funds

4247/303 146/271 128/243 126/136
High Income Fund (AGDIX)

Against 609 High Yield Bond Funds

177/699 157/609 145/501
Intermediate Bond Portfolio (ABQIX)

Against 847 Intermediate-Term Funds

2353/986 1158/847 1113/778 2129/554
CLass Z Shares
Multi-Asset: Target-date 1-Year 3-Year 5-Year 10-Year
Multi-Manager Select Retirement Allocation (TDAZX)

Against 147 Target-Date Retirement Funds

278/175 374/147
Multi-Manager Select 2010 (TDBZX)

Against 91 Target-Date 2000-2010 Funds

112/110 226/91
Multi-Manager Select 2015 (TDCZX)

Against 93 Target-Date 2015 Funds

124/122 122/93
Multi-Manager Select 2020 (TDDZX)

Against 189 Target-Date 2020 Funds

130/234 122/189
Multi-Manager Select 2025 (TDGZX)

Against 166 Target-Date 2025 Funds

131/208 114/166
Multi-Manager Select 2030 (TDHZX)

Against 189 Target-Date 2030 Funds

147/234 112/189
Multi-Manager Select 2035 (TDMZX)

Against 166 Target-Date 2035 Funds

133/208 114/166
Multi-Manager Select 2040 (TDJZX)

Against 189 Target-Date 2040 Funds

133/234 116/189
Multi-Manager Select 2045 (TDNZX)

Against 166 Target-Date 2045 Funds

132/208 117/166
Multi-Manager Select 2050 (TDLZX)

Against 184 Target-Date 2050 Funds

123/230 116/184
Multi-Manager Select 2055 (TDPZX)

Against 159 Target-Date 2055 Funds

138/206 123/159
CLass I Shares FI360 Fiduciary Score® Average & Numbers of Peers
US EQUITY: CORE Score 1-Year
Rolling Avg
3-Year
Rolling Avg
5-Year
Rolling Avg
10-Year
Rolling Avg
Core Opportunities Fund (ADGIX)

Against Large Growth Funds

29
1368
28
1308
17
1135
17
983
19
632
US EQUITY: GROWTH
Discovery Growth Fund (CHCIX)

Against Mid-Cap Growth Funds

0
614
36
586
45
507
30
455
31
294
Large Cap Growth Fund (AGDIX)

Against Large Growth Funds

0
1368
5
1308
2
1135
8
983
12
632
US EQUITY: VALUE
Discovery Value Fund (ABSIX)

Against Mid-Cap Value Funds

24
408
33
370
45
316
41
269
29
168
Relative Value Fund1 (CBBIX)

Against Large Value Funds

0
1224
9
1143
14
966
15
851
26
548
FIXED INCOME: TAXABLE
Global Bond Fund (ANAIX)

Against World Bond Funds

18
299
8
286
3
238
4
195
103
High Income Fund (AGDIX)

Against High Yield Bond Funds

0
680
0
625
9
500
6
410
255
Intermediate Bond Portfolio (ABQIX)

Against Intermediate-Term Funds

21
956
16
903
12
783
16
707
22
450
CLass Z Shares
Multi-Asset: Target-date
Multi-Manager Select Retirement Allocation (TDAZX)

Against Target-Date Retirement Funds

63
166
144
130
110
40
Multi-Manager Select 2010 (TDBZX)

Against Target-Date 2000-2010 Funds

38
105
91
79
69
31
Multi-Manager Select 2015 (TDCZX)

Against Target-Date 2015 Funds

39
109
91
70
57
8
Multi-Manager Select 2020 (TDDZX)

Against Target-Date 2020 Funds

0
215
192
160
126
39
Multi-Manager Select 2025 (TDGZX)

Against Target-Date 2025 Funds

0
191
167
126
90
18
Multi-Manager Select 2030 (TDHZX)

Against Target-Date 2030 Funds

0
215
192
160
126
39
Multi-Manager Select 2035 (TDMZX)

Against Target-Date 2035 Funds

0
191
167
126
90
18
Multi-Manager Select 2040 (TDJZX)

Against Target-Date 2040 Funds

29
215
192
160
126
39
Multi-Manager Select 2045 (TDNZX)

Against Target-Date 2045 Funds

28
191
167
122
89
11
Multi-Manager Select 2050 (TDLZX)

Against Target-Date 2050 Funds

29
211
188
154
103
8
Multi-Manager Select 2055 (TDPZX)

Against Target-Date 2055 Funds

28
184
140
85
16
key

1Prior to January 9, 2017, the Fund was named AB Growth & Income Fund.

As of December 31, 2017.

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 December 31, 2017. 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 4, 4 and 3 stars against 1216, 1109 and 787 funds in the category, for the 3-, 5- and 10-year periods, respectively. Discovery Growth was rated 4, 3 and 3 stars against 562, 490 and 362 funds in the category, for the 3-, 5- and 10-year periods, respectively. Large Cap Growth was rated 5, 5 and 5 stars against 1216, 1109 and 787 funds in the category, for the 3-, 5- and 10-year periods, respectively. Discovery Value was rated 3, 3 and 3 stars against 366, 311 and 221 funds in the category, for the 3-, 5- and 10-year periods, respectively. Relative Value was rated 4, 4 and 3 stars against 1090, 965 and 695 funds in the category, for the 3-, 5- and 10-year periods, respectively. Global Bond was rated 4, 4 and 4 stars against 271, 243 and 136 funds in the category for the 3-, 5- and 10-year periods, respectively. High Income was rated 5 and 4 stars against 609 and 501 funds in the category, for the 3- and 5-year periods, respectively. Intermediate Bond was rated 4, 4 and 4 stars against 847, 778 and 554 funds in the category, for the 3-, 5- and 10-year periods, respectively. Multi-Manager Select Retirement Allocation was rated 3 stars against 147 funds in the category, for the 3-year period. Multi-Manager Select 2010 was rated 4 stars against 91 funds in the category, for the 3-year period. Multi-Manager Select 2015 was rated 4 stars against 93 funds in the category, for the 3-year period. Multi-Manager Select 2020 was rated 4 stars against 189 funds in the category, for the 3-year period. Multi-Manager Select 2025 was rated 5 stars against 166 funds in the category, for the 3-year period. Multi-Manager Select 2030 was rated 5 stars against 189 funds in the category, for the 3-year period. Multi-Manager Select 2035 was rated 5 stars against 166 funds in the category, for the 3-year period. Multi-Manager Select 2040 was rated 5 stars against 189 funds in the category, for the 3-year period. Multi-Manager Select 2045 was rated 5 stars against 166 funds in the category, for the 3-year period. Multi-Manager Select 2050 was rated 5 stars against 184 funds in the category, for the 3-year period. Multi-Manager Select 2055 was rated 4 stars against 159 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.

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.

The [A/B] logo is a registered service mark of AllianceBernstein and AllianceBernstein is a registered service mark used by permission of the owner, AllianceBernstein L.P.

© AllianceBernstein L.P.

Investment Products Offered:

Are Not FDIC Insured | May Lose Value | Are Not Bank Guaranteed