An interval fund is a closed-end investment fund registered with the U.S. SEC that does not trade on an exchange. Rather than the fund being available continuously, investors request to redeem shares at set, periodic "intervals." Interval Funds offer investors access to more illiquid sectors and alternative asset classes than open-end funds.
Investor allocates $500,000 to an Interval Fund focused on private credit.
AllianceBernstein is a global investment manager with a singular focus on delivering superior outcomes for clients through active management and differentiated research. Through innovation, technology, and deep client partnerships, AB provides flexible solutions and actionable insights to help investors navigate complex markets confidently.
AB interval funds provide access to less liquid or illiquid market segments within a regulated fund structure. Limited redemption windows allow managers to pursue longer-term or less correlated opportunities while maintaining investor protections.
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 our Literature Center or contact your AB representative. Please read the prospectus and/or summary prospectus carefully before investing.
Closed-End Interval Fund: The Fund is a nondiversified, closed-end investment company structured as an “interval fund” and designed primarily for long-term investors. The Fund is not intended to be a typical traded investment. There is no secondary market for the Fund’s shares, and the Fund expects that no secondary market will develop. You should not invest in the Fund if you need a liquid investment. Closed-end funds differ from open-end investment companies, commonly known as mutual funds, in that investors in a closed-end fund do not have the right to redeem their shares on a daily basis at a price based on net asset value (NAV). Although the Fund, as a fundamental policy, will make quarterly offers to repurchase at least 5% and up to 25% of its outstanding shares at NAV, the number of shares tendered in connection with a repurchase offer may exceed the number of shares the Fund has offered to repurchase, in which case not all of your shares tendered in that offer will be repurchased. If shareholders tender for repurchase more than the repurchase offer amount for a given repurchase offer, the Fund may, but is not required to, repurchase an additional number of shares not to exceed 2% of the outstanding shares of the Fund on the repurchase request deadline (i.e., the date by which shareholders can tender their shares in response to a repurchase offer). In connection with any given repurchase offer, the Fund may offer to repurchase only the minimum amount of 5% of its outstanding shares. Hence, you may not be able to sell your shares when and/or in the amount that you desire.
There can be no assurance that any investment vehicle or strategy will achieve its investment objectives. The value of an investment can go down as well as up and investors may not get back the full amount they invested. Capital is at risk.