AB American Income Portfolio

Strategy

Seeks to provide a high level of current income consistent with preservation of capital by:

Employing a US dollar-denominated multi-sector bond approach in search of the best opportunities
Dynamically balancing credit and duration through investments in high yield and emerging market sectors to enhance income and dampen interest-rate risk, and in high-quality government bonds to alleviate credit risk when markets are stressed
Limiting exposure to below investment-grade rated bonds to 50% and avoiding CCC-rated issuers

Portfolio Management Team

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Investment Risks to Consider

These and other risks are described in the Fund's prospectus

Investment returns and principal value of the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Some of the principal risks of investing in the Fund include:

Corporate debt obligations risk
Derivatives risk
Emerging-markets risk
Fixed-income securities risk
Focused portfolio risk
Liquidity risk
Lower-rated and unrated instruments risk
OTC derivatives counterparty risk
Portfolio turnover risk
Sovereign debt obligations risk
Structured investments risk

Fund Literature

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AllianceBernstein provides its investment management services in Canada through its affiliates Sanford C. Bernstein & Co. LLC and AllianceBernstein Canada, Inc. Shares of the AllianceBernstein Luxembourg funds described herein are not registered in Canada for public sale to Canadian resident investors.