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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 EQUITY FUNDS (“Equity Funds”) - AB Growth Fund Class A (Ticker: AGRFX); Class C (Ticker: AGRCX); Class R (Ticker: AGFRX); Class K (Ticker: AGFKX); Class I (Ticker: AGFIX); Advisor Class (Ticker: AGRYX) - AB Large Cap Growth Fund Class A (Ticker: APGAX); Class C (Ticker: APGCX); Class R (Ticker: ABPRX); Class K (Ticker: ALCKX); Class I (Ticker: ALLIX); Advisor Class (Ticker: APGYX); Class Z (Ticker: APGZX) - AB Concentrated Growth Fund Class A (Ticker: WPASX); Class C (Ticker: WPCSX); Class R (Ticker: WPRSX); Class K (Ticker: WPSKX); Class I (Ticker: WPSIX); Advisor Class (Ticker: WPSGX); Class Z (Ticker: WPSZX) - AB Discovery Growth Fund Class A (Ticker: CHCLX); Class C (Ticker: CHCCX); Class R (Ticker: CHCRX); Class K (Ticker: CHCKX); Class I (Ticker: CHCIX); Advisor Class (Ticker: CHCYX); Class Z (Ticker: CHCZX) - AB Small Cap Growth Portfolio Class A (Ticker: QUASX); Class C (Ticker: QUACX); Class R (Ticker: QUARX); Class K (Ticker: QUAKX); Class I (Ticker: QUAIX); Advisor Class (Ticker: QUAYX); Class Z (Ticker: QUAZX) - AB Select US Equity Portfolio Class A (Ticker: AUUAX); Class C (Ticker: AUUCX); Advisor Class (Ticker: AUUYX); Class R (Ticker: AUURX); Class K (Ticker: AUUKX); Class I (Ticker: AUUIX) - AB Select US Long/Short Portfolio Class A (Ticker: ASLAX); Class C (Ticker: ASCLX); Advisor Class (Ticker: ASYLX); Class R (Ticker: ASRLX); Class K (Ticker: ASLKX); Class I (Ticker: ASILX) - AB Sustainable Global Thematic Fund Class A (Ticker: ALTFX); Class C (Ticker: ATECX); Class R (Ticker: ATERX); Class K (Ticker: ATEKX); |
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)
AB ACTIVE ETFs (“AB ETFs”) - AB Conservative Buffer ETF (Ticker: BUFC) - AB Core Plus Bond ETF (Ticker: CPLS) - AB Corporate Bond ETF (Ticker: EYEG) - AB International Low Volatility Equity ETF (Ticker: ILOW) |
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Class I (Ticker: AGTIX); Advisor Class (Ticker: ATEYX); Class Z (Ticker: ATEZX) - AB Sustainable International Thematic Fund Class A (Ticker: AWPAX); Class C (Ticker: AWPCX); Class R (Ticker: AWPRX); Class K (Ticker: AWPKX); Class I (Ticker: AWPIX); Advisor Class (Ticker: AWPYX); Class Z (Ticker: AWPZX) - AB Global Core Equity Portfolio Class A (Ticker: GCEAX); Class C (Ticker: GCECX); Advisor Class (Ticker: GCEYX) - AB Concentrated International Growth Portfolio Class A (Ticker: CIAGX); Class C (Ticker: CICGX); Advisor Class (Ticker: CIGYX) - AB Sustainable US Thematic Portfolio Class A (Ticker: SUTAX); Class C (Ticker: SUTCX); Advisor Class (Ticker: FFTYX); Class Z (Ticker: SUTZX) - AB International Low Volatility Equity Portfolio (formerly AB International Strategic Core Portfolio) Advisor Class (Ticker: ISRYX)
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 |
- AB Short Duration High Yield ETF (Ticker: SYFI) - AB Short Duration Income ETF (Ticker: SDFI) - AB Tax-Aware Intermediate Municipal ETF (Ticker: TAFM) - AB Tax-Aware Long Municipal ETF (Ticker: TAFL)
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) 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 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)
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) |
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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 - Dynamic Asset Allocation Portfolio Class A; Class B - Global Risk Allocation—Moderate Portfolio 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 |
- 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 Z (Ticker: AMTZX)
SANFORD C. BERNSTEIN FUND, INC. (“SCB Funds”) - Emerging Markets Portfolio Emerging Markets Class (Ticker: SNEMX); Class Z (Ticker: EGMZX) - 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) - 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) - Tax-Aware Overlay B Portfolio Class 1 (Ticker: SBTOX); Class 2 (Ticker: SBTTX)
AB INSTITUTIONAL FUNDS (“Institutional Funds”) -AB Global Real Estate Investment Fund II (Class I–ARIIX)
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 |
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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 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) |
SCB Class (Ticker: IRCSZ); Advisor Class (Ticker: IRCYX); Class Z (Ticker: IRCZX) - Small Cap Core Portfolio SCB Class (Ticker: SCRSX); Advisor Class (Ticker: SCRYX); Class Z (Ticker: SCRZX)
SANFORD C. BERNSTEIN FUND II, INC. (“SCB II”) - Bernstein Intermediate Duration Institutional Portfolio Intermediate Duration Institutional Class (Ticker: SIIDX) |
Each of the funds listed above is hereinafter referred to as a “Fund” or, collectively, the “Funds.”
Supplement dated April 1, 2024 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 |
| Equity Funds | November 1, 2023 |
| Municipal Portfolios | September 29, 2023 |
| AB ETFs (excluding AB Conservative Buffer ETF, AB International Low Volatility Equity ETF, AB Short Duration High Yield ETF and AB Short Duration Income ETF) | October 30, 2023 |
| AB Conservative Buffer ETF | October 21, 2023 |
| AB International Low Volatility Equity ETF | January 21, 2024 |
| AB Short Duration High Yield ETF and AB Short Duration Income ETF | January 21, 2024 |
| Bond Funds | January 31, 2024 |
| Corporate Shares | August 31, 2023 |
| EMMA | July 28, 2023 |
| AVP | May 1, 2023 |
| Value Funds | February 28, 2024 |
| Inflation Strategies | January 31, 2024 |
| SCB Funds | January 26, 2024 |
| Institutional Funds | January 31, 2024 |
| Bernstein Funds | January 26, 2024 |
| SCB II | January 26, 2024 |
| Wealth Strategies | December 29, 2023 |
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* * * * *
For each Fund’s SAI, the following replaces the disclosure under the “Portfolio Transactions” Section discussing each Fund’s potential placement of orders through affiliated brokers.
[A Fund/Portfolio][The Fund/Portfolio] may, from time to time, place orders for the purchase or sale of securities (including listed call options) with Bernstein Institutional Services LLC and Bernstein Autonomous LLP (a United Kingdom broker-dealer), affiliates of the [Adviser/Manager] (the “Affiliated Brokers”). In such instances, the placement of orders with the Affiliated Brokers would be consistent with [the Fund’s/Portfolio’s][a Fund’s/Portfolio’s] objective of obtaining the best execution and would not be dependent upon the fact that the Affiliated Brokers are affiliates of the [Adviser/Manager]. With respect to orders placed with the Affiliated Brokers for execution on a national securities exchange, commissions received must conform to Section 17(e)(2)(A) of the 1940 Act and Rule 17e-1 thereunder, which permit an affiliated person of a registered investment company (such as the Funds), or any affiliated person of such person, to receive a brokerage commission from such registered investment company provided that such commission is reasonable and fair compared to the commissions received by other brokers in connection with comparable transactions involving similar securities during a comparable period of time.
* * * * *
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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