Overview

The Fund’s investment objective is to provide current income, consistent with preservation of capital.

About this Fund

  • An actively managed ultra short duration ETF that looks to deliver higher levels of yield relative to cash or cash-like investments, while aiming for capital preservation and liquidity in all market cycles
  • Seeks to optimize for yield, stability and liquidity

Investment Approach

  • Invests primarily in investment-grade instruments with a duration of less than one year
  • May invest in corporate securities, Treasuries, repurchase agreements, money-market funds and high-quality money-market instruments such as commercial paper and certificates of deposit

Meet the Team

AB is always thoughtful and focused on trying to deliver the best long-term products and investment outcomes for our clients, even if the short-term commercial headwinds are formidable.

Matthew Sheridan—Portfolio Manager - Income Strategies

 
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Strategic Approach

Invest for Efficient Income

Looking for more information about efficient income strategies? Explore our other products and thought leadership. 

 

Risks To Consider

  • Below Investment Grade Securities Risk: Investments in fixed-income securities with lower ratings (a/k/a junk bonds) are subject to a higher probability that an issuer will default or fail to meet its payment obligations. These securities may be subject to greater price volatility due to such factors as specific municipal or corporate developments and negative performance of the junk bond market generally and may be more difficult to trade than other types of securities.

  • Credit Risk: A bond's credit rating reflects the issuer's ability to make timely payments of interest or principal - the lower the rating, the higher the risk of default. If the issuer's financial strength deteriorates, the issuer's rating may be lowered and the bond's value may decline.

  • Derivatives Risk: Derivatives may be more sensitive to changes in market conditions and may amplify risks.

  • Investing in ETFs involves risk and there is no guarantee of principal.

    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.

    Shares of the ETF may be bought or sold throughout the day at their market price on the exchange on which they are listed. The market price of an ETF's shares may be at, above or below the ETF’s net asset value ("NAV") and will fluctuate with changes in the NAV as well as supply and demand in the market for the shares. Shares of the ETF may only be redeemed directly with the ETF at NAV by Authorized Participants, in very large creation units. There can be no guarantee that an active trading market for the Fund’s shares will develop or be maintained, or that their listing will continue or remain unchanged. Buying or selling the Fund’s shares on an exchange may require the payment of brokerage commissions and frequent trading may incur brokerage costs that detract significantly from investment returns.

  • Foreign (Non-US) Risk: Non-US securities may be more volatile because of political, regulatory, market and economic uncertainties associated with such securities. Fluctuations in currency exchange rates may negatively affect the value of the investment or reduce returns. These risks are magnified in emerging or developing markets.

  • Inflation Risk: Prices for goods and services tend to rise over time, which may erode the purchasing power of investments.

  • Interest Rate Risk: As interest rates rise, bond prices fall and vice versa, long-term securities tend to rise and fall more than short-term securities.

  • AB funds may be offered only to persons in the United States and by way of a prospectus. This website should not be considered a solicitation or offering of any investment products or services to investors residing outside of the United States.

    Investment Products Offered:

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

    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

  • Investment Securities Risk: To the extent the Fund invests in other funds, shareholders will bear to layers of asset-based expenses, which could reduce returns.

  • Leverage Risk: Trying to enhance investment returns by borrowing money or using other leverage tools magnify both gains and losses, resulting in greater volatility.

  • Market Risk: The market values of the portfolio’s holdings rise and fall from day to day, so investments may lose value.

  • New Fund Risk: The Fund is a recently organized, giving prospective investors a limited track record on which to base their investment decision.


 

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