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AB GOVERNMENT MONEY MARKET PORTFOLIO (“Government Money Market”) Class A (Ticker: AEAXX); Class C (Ticker: AECXX); Advisor Class (Ticker: AEYXX); Class K (Ticker: AEKXX); Class I (Ticker: AIEXX); Class 1 (Ticker: AGRXX); Class AB (Ticker: MYMXX); Institutional Class (Ticker: GMOXX)
AB CORPORATE SHARES (“Corporate Shares”) - AB Corporate Income Shares (Ticker: ACISX) - AB Impact Municipal Income Shares (Ticker: ABIMX) - AB Municipal Income Shares (Ticker: MISHX) - AB Taxable Multi-Sector Income Shares (Ticker: CSHTX) - AB Tax-Aware Real Return Income Shares (Ticker: TARRX)
AB EMERGING MARKETS MULTI-ASSET PORTFOLIO (“EMMA”) Class A (Ticker: ABAEX); Class C (Ticker: ABCEX); Advisor Class (Ticker: ABYEX); Class R (Ticker: ABREX); Class K (Ticker: ABKEX); Class I (Ticker: ABIEX); Class Z (Ticker: ABZEX)
AB VARIABLE PRODUCTS SERIES FUND, INC. (“AVP”) - Large Cap Growth Portfolio Class A; Class B - Relative Value Portfolio Class A; Class B - Sustainable International Thematic Portfolio Class A; Class B - Sustainable Global Thematic Portfolio Class A; Class B - Small Cap Growth Portfolio Class A; Class B - International Value Portfolio Class A; Class B - Discovery Value Portfolio Class A; Class B - Balanced Hedged Allocation Portfolio Class A; Class B |
AB MUNICIPAL INCOME PORTFOLIOS (“Municipal Portfolios”) - AB National Portfolio Class A (Ticker: ALTHX); Class C (Ticker: ALNCX); Advisor Class (Ticker: ALTVX) - AB High Income Municipal Portfolio Class A (Ticker: ABTHX); Class C (Ticker: ABTFX); Advisor Class (Ticker: ABTYX); Class Z (Ticker: ABTZX) - AB Arizona Portfolio Class A (Ticker: AAZAX); Class C (Ticker: AAZCX); Advisor Class (Ticker: AAZYX) - AB California Portfolio Class A (Ticker: ALCAX); Class C (Ticker: ACACX); Advisor Class (Ticker: ALCVX) - AB Massachusetts Portfolio Class A (Ticker: AMAAX); Class C (Ticker: AMACX); Advisor Class (Ticker: AMAYX) - AB Minnesota Portfolio Class A (Ticker: AMNAX); Class C (Ticker: AMNCX) - AB New Jersey Portfolio Class A (Ticker: ANJAX); Class C (Ticker: ANJCX) - AB New York Portfolio Class A (Ticker: ALNYX); Class C (Ticker: ANYCX); Advisor Class (Ticker: ALNVX) - AB Ohio Portfolio Class A (Ticker: AOHAX); Class C (Ticker: AOHCX) - AB Pennsylvania Portfolio Class A (Ticker: APAAX); Class C (Ticker: APACX) - AB Virginia Portfolio Class A (Ticker: AVAAX); Class C (Ticker: AVACX); Advisor Class (Ticker: AVAYX)
THE AB ACTIVE ETFs (“Equity ETFs”) -AB US Low Volatility Equity ETF (Ticker: LOWV) -AB US High Dividend ETF (Ticker: HIDV) -AB Disruptors ETF (Ticker: FWD)
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- Dynamic Asset Allocation Portfolio Class A; Class B - Global Risk Allocation—Moderate Portfolio Class A; Class B
AB VALUE FUNDS (“Value Funds”) - AB Value Fund Class A (Ticker: ABVAX); Class C (Ticker: ABVCX); Class R (Ticker: ABVRX); Class K (Ticker: ABVKX); Class I (Ticker: ABVIX); Advisor Class (Ticker: ABVYX)
- AB Discovery Value Fund Class A (Ticker: ABASX); Class C (Ticker: ABCSX); Class R (Ticker: ABSRX); Class K (Ticker: ABSKX); Class I (Ticker: ABSIX); Advisor Class (Ticker: ABYSX); Class Z (Ticker: ABSZX) - AB Relative Value Fund Class A (Ticker: CABDX); Class C (Ticker: CBBCX); Class R (Ticker: CBBRX); Class K (Ticker: CBBKX); Class I (Ticker: CBBIX); Advisor Class (Ticker: CBBYX); Class Z (Ticker: CBBZX) - AB Equity Income Fund Class A (Ticker: AUIAX); Class C (Ticker: AUICX); Class R (Ticker: AUIRX); Class K (Ticker: AUIKX); Class I (Ticker: AUIIX); Advisor Class (Ticker: AUIYX); Class Z (Ticker: AUIZX) - AB Global Real Estate Investment Fund Class A (Ticker: AREAX); Class C (Ticker: ARECX); Class R (Ticker: ARRRX); Class K (Ticker: ARRKX); Class I (Ticker: AEEIX); Advisor Class (Ticker: ARSYX)
- AB International Value Fund Class A (Ticker: ABIAX); Class C (Ticker: ABICX); Class R (Ticker: AIVRX); Class K (Ticker: AIVKX); Class I (Ticker: AIVIX); Advisor Class (Ticker: ABIYX) - AB Core Opportunities Fund Class A (Ticker: ADGAX); Class C (Ticker: ADGCX); Class R (Ticker: ADGRX); Class K (Ticker: ADGKX); Class I (Ticker: ADGIX); Advisor Class (Ticker: ADGYX); Class Z (Ticker: ADGZX) - AB Global Risk Allocation Fund Class A (Ticker: CABNX); Class C (Ticker: CBACX); Class R (Ticker: CBSRX); Class K (Ticker: CBSKX); Class I (Ticker: CABIX); Advisor Class (Ticker: CBSYX) - AB Small Cap Value Portfolio Class A (Ticker: SCAVX); Class C (Ticker: SCCVX); Advisor Class (Ticker: SCYVX) - AB All China Equity Portfolio Class A (Ticker: ACEAX); Advisor Class (Ticker: ACEYX) |
THE AB ACTIVE ETFs (“Fixed-Income ETFs”) - AB Ultra Short Income ETF (Ticker: YEAR) - AB Tax-Aware Short Duration Municipal ETF (Ticker: TAFI)
AB HIGH YIELD ETF (“High Yield ETF”) (Ticker: HYFI)
AB US LARGE CAP STRATEGIC EQUITIES ETF (“US Large Cap Strategic Equities ETF”) (Ticker: LRGC)
AB BOND FUNDS (“Bond Funds”) - AB Total Return Bond Portfolio Class A (Ticker: ABQUX); Class C (Ticker: ABQCX); Advisor Class (Ticker: ABQYX); Class R (Ticker: ABQRX); Class K (Ticker: ABQKX); Class I (Ticker: ABQIX); Class Z (Ticker: ABQZX) - AB Short Duration High Yield Portfolio (formerly AB Limited Duration High Income Portfolio) Class A (Ticker: ALHAX); Class C (Ticker: ALHCX); Advisor Class (Ticker: ALHYX) - AB Income Fund Class A (Ticker: AKGAX); Class C (Ticker: AKGCX); Advisor Class (Ticker: ACGYX); Class Z (Ticker: ACGZX) - AB Short Duration Income Portfolio Class A (Ticker: SHUAX); Class C (Ticker: SHUCX); Advisor Class (Ticker: SHUYX) - AB Tax-Aware Fixed Income Opportunities Portfolio Class A (Ticker: ATTAX); Class C (Ticker: ATCCX); Advisor Class (Ticker: ATTYX) - AB Sustainable Thematic Credit Portfolio Class A (Ticker: STHAX); Advisor Class (Ticker: STHYX) - AB High Income Fund, Inc. Class A (Ticker: AGDAX); Class C (Ticker: AGDCX); Advisor Class (Ticker: AGDYX); Class R (Ticker: AGDRX); Class K (Ticker: AGDKX); Class I (Ticker: AGDIX); Class Z (Ticker: AGDZX) - AB Global Bond Fund, Inc. Class A (Ticker: ANAGX); Class C (Ticker: ANACX); Advisor Class (Ticker: ANAYX); Class R (Ticker: ANARX); Class K (Ticker: ANAKX); Class I (Ticker: ANAIX); Class Z (Ticker: ANAZX) |
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THE AB PORTFOLIOS (“Wealth Strategies”) - AB Wealth Appreciation Strategy Class A (Ticker: AWAAX); Class C (Ticker: AWACX); Class R (Ticker: AWARX); Class K (Ticker: AWAKX); Advisor Class (Ticker: AWAYX) - AB All Market Total Return Portfolio Class A (Ticker: ABWAX); Class C (Ticker: ABWCX); Class R (Ticker: ABWRX); Class K (Ticker: ABWKX); Class I (Ticker: ABWIX); Advisor Class (Ticker: ABWYX) - AB Sustainable Thematic Balanced Portfolio Class A (Ticker: ABPAX); Class C (Ticker: ABPCX); Class R (Ticker: APPRX); Class K (Ticker: APWKX); Class I (Ticker: APWIX; Advisor Class (Ticker: ABPYX); Class Z (Ticker: ABPZX) - AB Tax-Managed Wealth Appreciation Strategy Class A (Ticker: ATWAX); Class C (Ticker: ATWCX); Advisor Class (Ticker: ATWYX)
AB INSTITUTIONAL FUNDS (“Institutional Funds”) -AB Global Real Estate Investment Fund II (Class I–ARIIX)
SANFORD C. BERNSTEIN FUND II, INC. (“SCB II”) - Bernstein Intermediate Duration Institutional Portfolio Intermediate Duration Institutional Class (Ticker: SIIDX)
BERNSTEIN FUND, INC. (“Bernstein Funds”) - International Strategic Equities Portfolio SCB Class (Ticker: STESX); Advisor Class (Ticker: STEYX); Class Z (Ticker: STEZX) - International Small Cap Portfolio SCB Class (Ticker: STESX); Advisor Class (Ticker: STEYX); Class Z (Ticker: IRCZX) - Small Cap Core Portfolio SCB Class (Ticker: SCRSX); Advisor Class (Ticker: SCRYX); Class Z (Ticker: SCRZX)
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AB INFLATION STRATEGIES (“Inflation Strategies”) - AB Bond Inflation Strategy Class A (Ticker: ABNAX); Class C (Ticker: ABNCX); Class R (Ticker: ABNRX); Class K (Ticker: ABNKX); Class I (Ticker: ANBIX) Advisor Class (Ticker: ABNYX); Class 1 (Ticker: ABNOX); Class 2 (Ticker: ABNTX); Class Z (Ticker: ABNZX) - AB Municipal Bond Inflation Strategy Class A (Ticker: AUNAX); Class C (Ticker: AUNCX); Advisor Class (Ticker: AUNYX); Class 1 (Ticker: AUNOX); Class 2 (Ticker: AUNTX) - AB All Market Real Return Portfolio Class A (Ticker: AMTAX); Class C (Ticker: ACMTX); Class R (Ticker: AMTRX); Class K (Ticker: AMTKX); Class I (Ticker: AMTIX); Advisor Class (Ticker: AMTYX); Class 1 (Ticker: AMTOX); Class 2 (Ticker: AMTTX) Class Z (Ticker: AMTZX)
SANFORD C. BERNSTEIN FUND, INC. (“SCB Funds”) - Emerging Markets Portfolio Emerging Markets Class (Ticker: SNEMX); Class Z (Ticker: EGMZX) - Short Duration Diversified Municipal Portfolio Short Duration Diversified Municipal Class (Ticker: SDDMX) - New York Municipal Portfolio Class A (Ticker: ANIAX); Class C (Ticker: ANMCX); New York Municipal Class (Ticker: SNNYX); Advisor Class (Ticker: ANIYX) - California Municipal Portfolio Class A (Ticker: AICAX); Class C (Ticker: ACMCX); California Municipal Class (Ticker: SNCAX); Advisor Class (Ticker: AICYX) - Diversified Municipal Portfolio Class A (Ticker: AIDAX); Class C (Ticker: AIMCX); Diversified Municipal Class (Ticker: SNDPX); Advisor Class (Ticker: AIDYX); Class Z (Ticker: AIDZX) - Intermediate Duration Portfolio Class A (Ticker: IDPAX); Intermediate Duration Class (Ticker: SNIDX); Advisor Class (Ticker: IDPYX); Class Z (Ticker: IDPZX) - Short Duration Plus Portfolio Class A (Ticker: ADPAX); Class C (Ticker: ADPCX); Short Duration Plus Class (Ticker: SNSDX) - Overlay A Portfolio Class 1 (Ticker: SAOOX); Class 2 (Ticker: SAOTX) - Tax-Aware Overlay A Portfolio Class 1 (Ticker: SATOX); Class 2 (Ticker: SATTX) - Overlay B Portfolio Class 1 (Ticker: SBOOX); Class 2 (Ticker: SBOTX) |
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- Tax-Aware Overlay B Portfolio Class 1 (Ticker: SBTOX); Class 2 (Ticker: SBTTX) - Tax-Aware Overlay C Portfolio Class 1 (Ticker: SCTOX); Class 2 (Ticker: SCTTX) - Tax-Aware Overlay N Portfolio Class 1 (Ticker: SNTOX); Class 2 (Ticker: SNTTX)
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Each of the funds listed above is hereinafter referred to as a “Fund” or, collectively, the “Funds.”
Supplement dated September 15, 2023 to the following Statements of Additional Information (each an “SAI”), as amended:
| SAI | Date |
| Government Money Market | August 31, 2023, as revised September 1, 2023 |
| Municipal Portfolios | September 30, 2022 |
| Equity ETFs | February 17, 2023, as revised May 9, 2023 |
| Fixed-Income ETFs | March 31, 2023, as revised May 9, 2023 |
| High Yield ETF | March 7, 2023, as revised May 15, 2023 |
| US Large Cap Strategic Equities ETF | May 17, 2023 |
| Bond Funds | January 31, 2023, as revised July 5, 2023 |
| Corporate Shares | August 31, 2023 |
| EMMA | July 28, 2023 |
| AVP | May 1, 2023 |
| Value Funds | February 28, 2023 |
| Wealth Strategies | December 30, 2022 |
| Inflation Strategies | January 31, 2023 |
| Institutional Funds | January 31, 2023 |
| Bernstein Funds | January 27, 2023 |
| SCB Funds | January 27, 2023 |
| SCB II | January 27, 2023 |
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For each Fund’s SAI, the following replaces the first paragraph of disclosure for “Investment Professional Conflict of Interest Disclosure – Allocating Investment Opportunities and Order Aggregation.”
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Allocating Investment Opportunities and Order Aggregation. The investment professionals at the [Adviser/Manager] routinely are required to select and allocate investment opportunities among accounts. The [Adviser/Manager] has adopted policies and procedures intended to address conflicts of interest relating to the allocation of investment opportunities. These policies and procedures are designed to ensure that information relevant to investment decisions is disseminated promptly within its portfolio management teams and investment opportunities are allocated equitably among different clients, subject to the exceptions noted below. The policies and procedures require, among other things, objective allocation for limited investment opportunities (e.g., on a rotational basis), and documentation and review of justifications for any decisions to make investments only for select accounts or in a manner disproportionate to the size of the account. Portfolio holdings, position sizes, and industry and sector exposures tend to be similar across similar accounts, which minimizes the potential for conflicts of interest relating to the allocation of investment opportunities. Nevertheless, access to portfolio funds or other investment opportunities (including IPOs) may be allocated differently among accounts due to the particular characteristics of an account, such as size of the account, cash position, tax status, risk tolerance and investment restrictions or for other reasons. Additional information about the [Adviser/Manager]’s policy relating to the allocation of investment opportunities may be found in the [Adviser/Manager]’s Form ADV, which is updated from time to time.
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This Supplement should be read in conjunction with the SAIs for the Funds.
You should retain this Supplement with your SAI(s) 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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