AB Multi-Manager Retirement Trusts

A Next-Generation Retirement Solution

The AB Multi-Manager Retirement Trusts comprise a suite of 12 target-date solutions that addresses the challenges of traditional target-date portfolios.

With advanced glide path design, independent manager selection and active/passive blend portfolios, the Trusts offer plan sponsors a new way to meet their plan's needs.

Joining Forces to Transform Target-Date Design


  • One of the largest US custom target-date solution providers*1 with $45 billion in custom target-date assets under management globally2
  • Over 15 years of experience in target-date design and innovation

Morningstar Investment Management LLC

  • Global leader in independent investment research, with more than $194 billion in assets under advisement3 globally with approximately 100 investment analysts
  • Over three decades of experience in asset allocation, manager selection and portfolio construction4

Advanced Glide Path Design

Seek to maximize returns while managing risks with a well-diversified portfolio and dynamic risk management

Is Your Glide Path on the Right Path?

One of the three main goals of the AB Multi-Manager Retirement Trusts is to design an advanced glide path that carries participants through retirement and to source a broad range of asset classes to help reduce risk and generate uncorrelated return.

Independent Manager Selection

Aim to select unbiased best-in-breed strategies through an open-architecture approach

Who Picks Your Target-Date Investments?

Morningstar Investment Management LLC selects the underlying holdings for the AB Multi-Manager Retirement Trusts because it makes sense. Third-party investment selection coupled with open architecture helps provide unbiased selection for our solution. This strategy continues to support our goal of helping participants reach their retirement goals.

Active/Passive Blend Portfolio

Strive to enhance risk-adjusted returns and manage costs with a mix of active and passive strategies

Active or Passive? Why Not Both?

Morningstar Investment Management LLC has access to an unconstrained universe of investments which allows its investment professionals to seek the best investment managers for each asset class within the glide path. The AB Multi-Manager Retirement Trusts are composed of both active and passive investments, striving to enhanced risk-adjusted returns and manage costs.

1Pensions & Investments, as of October 28, 2019
2As of June 30, 2020, Includes current implementations
3As of June 30, 2020. Assets under management and advisement include assets of the entities within Morningstar's Investment Management group, including Morningstar Investment Management LLC, Morningstar Investment Services LLC, Morningstar Investment Management Europe Ltd., Morningstar Investment Management Australia Ltd., Ibbotson Associates Japan, Inc., Morningstar Investment Management South Africa (PTY) Ltd., and Morningstar Associates, Inc. Each of these entities is authorized in the appropriate jurisdiction to provide advisory services.
4Morningstar Investment Management LLC, a subsidiary of Morningstar, Inc., has been appointed as a sub-adviser to the AB Multi-Manager Retirement Trusts.

The Trust is not a mutual fund and its units are not deposits of AllianceBernstein Trust Company, LLC or AllianceBernstein Investments and are not insured by the Federal Deposit Insurance Corporation or any other agency. The Units are securities which have not been registered under the Securities Act of 1933 and are exempted from investment company registration under the Investment Act of 1940. Therefore, Participating Plans and their Participants will not be entitled to the protections under these Acts. Management of the Trust, however, is generally subject to the fiduciary duty and prohibited transaction rules under the Employee Retirement Income Securities Act of 1974 (“ERISA”). AllianceBernstein L.P. is the Trust’s Advisor and provides investment management services. AllianceBernstein Trust Company, LLC is the Trust’s Trustee and provides customized securities processing services.

Each fund is named for a “target date”—the approximate year when you expect to retire and start withdrawing from your account. Funds furthest from their target dates emphasize growth potential by investing almost entirely in equities. As investors move closer to—and into—retirement, the funds automatically adjust to a more conservative asset mix. Investments in target date funds are not guaranteed against loss of principal: at any time, your account value can be more or less than the original amount contributed—including at the time of the fund’s target date. Also, investing in target date funds does not guarantee sufficient income in retirement.

Morningstar Investment Management LLC is a registered investment adviser and subsidiary of Morningstar, Inc. AllianceBernstein and the AllianceBernstein Trust Company LLC have appointed Morningstar Investment Management as a sub-adviser to the AB Multi-Manager Retirement Trusts of the AB Collective Investment Trust Series. Morningstar Investment Management is not acting in the capacity of adviser to individual investors. Morningstar Investment Management is not affiliated with AllianceBernstein, the AllianceBernstein Trust Company or its affiliates. The Morningstar name and logo are the property of Morningstar, Inc.

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.

© 2020 AllianceBernstein L.P.