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AB BOND FUNDS (“Bond Funds”) - AB Global Bond Fund - AB High Income Fund - AB Income Fund - AB Limited Duration High Income Portfolio - AB Short Duration Income Portfolio - AB Tax-Aware Fixed Income Opportunities Portfolio - AB Total Return Bond Portfolio - AB Unconstrained Bond Fund AB EQUITY FUNDS (“Equity Funds”) - AB Growth Fund - AB Large Cap Growth Fund - AB Concentrated Growth Fund - AB Concentrated International Growth Portfolio - AB Discovery Growth Fund - AB Small Cap Growth Portfolio - AB Global Core Equity Portfolio - AB Sustainable Global Thematic Fund - AB Sustainable International Thematic Fund - AB International Strategic Core Portfolio - AB Select US Equity Portfolio - AB Select US Long/Short Portfolio AB GOVERNMENT MONEY MARKET PORTFOLIO (“Government Money Market”) AB INFLATION STRATEGIES (“Inflation Strategies”) - AB Bond Inflation Strategy - AB Municipal Bond Inflation Strategy - AB All Market Real Return Portfolio SANFORD C. BERNSTEIN FUND, INC. (“Bernstein Funds”) - AB International Portfolio - AB Intermediate California Municipal Portfolio - AB Intermediate Diversified Municipal Portfolio - AB Intermediate Duration Portfolio - AB Intermediate New York Municipal Portfolio - AB Short Duration Portfolio - AB Tax-Managed International Portfolio
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AB MUNICIPAL INCOME PORTFOLIOS - AB National Portfolio - AB High Income Municipal Portfolio - AB Arizona Portfolio - AB California Portfolio - AB Massachusetts Portfolio - AB Minnesota Portfolio - AB New Jersey Portfolio - AB New York Portfolio - AB Ohio Portfolio - AB Pennsylvania Portfolio - AB Virginia Portfolio AB WEALTH STRATEGIES (“Wealth Strategies”) - AB Wealth Appreciation Strategy - AB All Market Total Return Portfolio - AB Conservative Wealth Strategy - AB Tax-Managed Wealth Appreciation Strategy - AB Tax-Managed All Market Income Portfolio AB VALUE FUNDS (“Value Funds”) - AB All Market Income Portfolio - AB Core Opportunities Fund - AB Discovery Value Fund - AB Equity Income Fund - AB Global Real Estate Investment Fund - AB Global Risk Allocation Fund - AB Relative Value Fund - AB International Value Fund - AB Small Cap Value Portfolio - AB Value Fund - AB All China Equity Portfolio |
Each of the funds listed above is hereinafter referred to as a “Fund” or, collectively, the “Funds”.
Supplement dated July 29, 2020 to the following Prospectuses, as amended:
| Prospectus | Date |
| Bernstein Funds | January 28, 2020 |
| Bond Funds | January 31, 2020 |
| Equity Funds | October 31, 2019, as revised November 20, 2019 |
| Government Money Market | August 30, 2019 |
| Inflation Strategies | January 31, 2020 |
| Municipal Portfolios | September 30, 2019 |
| Value Funds | February 28, 2020 |
| Wealth Strategies | December 31, 2019 |
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For each Fund, the following is added to the end of “Appendix [B/C]—Financial Intermediary Waivers” of the Prospectus:
Waivers Specific to Stifel, Nicolaus & Company, Incorporated (“Stifel”)
Effective July 31, 2020, shareholders purchasing Fund shares through a Stifel platform or account or who own shares for which Stifel or an affiliate is the broker-dealer of record are eligible for the following additional sales charge waiver:
Front-end Sales Load Waiver on Class A Shares
| · | Class C shares that have been held for more than seven (7) years will be converted to Class A shares of the same Fund pursuant to Stifel’s policies and procedures |
All other sales charge waivers and reductions described elsewhere in the Fund’s Prospectus or SAI still apply.
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This Supplement should be read in conjunction with the Prospectuses for the Funds.
You should retain this Supplement with your Prospectus(es) for future reference.
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The [A/B] Logo is a service mark of AllianceBernstein and AllianceBernstein® is a registered trademark used by permission of the owner, AllianceBernstein L.P.
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