MUTUAL FUND FACT SHEETS. I Shares

Transcription

1 MUTUAL FUND FACT SHEETS I Shares 05MAY 2018

2 CONTENTS FIXED INCOME EQUITY American Income Portfolio Asia Pacific Local Currency Debt Portfolio Diversified Yield Plus Portfolio Emerging Market Corporate Debt Portfolio Emerging Market Local Currency Debt Portfolio Emerging Markets Debt Portfolio Euro High Yield Portfolio European Income Portfolio Global Bond Portfolio Global High Yield Portfolio Global Plus Fixed Income Portfolio Mortgage Income Portfolio RMB Income Plus Portfolio RMB Income Plus II Portfolio Short Duration High Yield Portfolio US High Yield Portfolio American Growth Portfolio Asia Ex-Japan Equity Portfolio China Opportunity Portfolio Concentrated Global Equity Portfolio Concentrated US Equity Portfolio Emerging Markets Equity Portfolio Emerging Markets Growth Portfolio Emerging Markets Value Portfolio European Equity Portfolio Eurozone Equity Portfolio EQUITY (continued) Global Core Equity Portfolio Global Equity Blend Portfolio Global Equity Income Portfolio Global Real Estate Securities Portfolio Global Value Portfolio India Growth Portfolio International Health Care Portfolio International Technology Portfolio Japan Strategic Value Portfolio Low Volatility Equity Portfolio Select US Equity Portfolio Thematic Research Portfolio US Small and Mid-Cap Portfolio US Thematic Research Portfolio ALTERNATIVES Select Absolute Alpha Portfolio MULTI-ASSET All Market Income Portfolio Dynamic Diversified Portfolio Emerging Markets Multi-Asset Portfolio GLOSSARY LEARN MORE VISIT ALLIANCEBERNSTEIN.COM TO LEARN MORE ABOUT THE AB FUNDS.

3 For Marketing Purposes Fixed Income MAY AB AMERICAN INCOME PORTFOLIO OVERALL MORNINGSTAR RATING TM I2 USD Shares Rated against 279 funds in the USD Flexible Bond Category, based on risk-adjusted returns. OBJECTIVE & STRATEGY Seeks to provide a high level of current income consistent with preservation of capital by: + Employing a US dollar-denominated multisector 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 PROFILE + Fund Inception: 01/07/ Domicile: Luxembourg + Fiscal Year-End: 31 August + Subscription/Redemption: Daily + Order Placement Cutoff Time: 4PM US ET; 6PM CET for Currency-Hedged share classes + Base Currency: US Dollar + Convenience Pricing/Reporting Currencies: Euro + Currency-Hedged Share es: British Pound, Canadian Dollar, Euro, Swiss Franc + Benchmark: Bloomberg Barclays US Aggregate Bond Index 1 PORTFOLIO MANAGEMENT & EXPERIENCE + PaulJ.DeNoon:34 years + Gershon Distenfeld, CFA: 21 years + Douglas J. Peebles: 31 years + Matthew S. Sheridan, CFA: 21 years ONGOING CHARGES FIGURE I2 0.77% I 0.77 I2 CHF H 0.77 I2 EUR H 0.77 IT GBP H 0.77 Ongoing charges include fees and certain expenses of the Portfolio as of the most recent KIID, and may be subject to a cap which is reflected above if applicable. GROWTH OF $10,000 I2 USD 20,000 15,000 10,000 5,000 0 $19,240 ROLLING 12-MONTH PERFORMANCE /18 The performance shown above is net of ongoing charges and assumes an investment of $10,000 at inception of the share class. Other personal securities account costs (e.g., custody fees) may additionally reduce performance. 06/13-05/14 06/14-05/15 06/15-05/16 06/16-05/17 06/17-05/18 I2 4.45% 2.68% 1.20% 6.61% 0.43% I I2 CHF H I2 EUR H IT GBP H PERFORMANCE (RETURNS ARE ANNUALIZED FOR PERIODS LONGER THAN ONE YEAR) 1 Month YTD 1 Year 3 Years 5 Years 10 Years Life I2 0.19% -1.10% 0.43% 2.71% 3.05% 5.42% 5.60% I I2 CHF H I2 EUR H IT GBP H Benchmark ISIN Bloomberg CUSIP Inception Dist. Yield Dividend Net Asset Value 3 I2 LU ALAAMI2:LX L0167V511 30/05/ I LU ALAAMII:LX L /11/ I2 CHF H LU ALACHI2:LX 20/12/ I2 EUR H LU ABAI2EH:LX 10/09/ IT GBP H LU ABAITGH:LX 23/12/ CALENDAR YEAR PERFORMANCE I2-0.87% 6.55% -2.05% 8.36% 5.34% I I2 CHF H I2 EUR H IT GBP H STATISTICAL DATA (CLASS I2 USD) Volatility 3.59 Past performance is no guarantee of future results. The value of investments and the income from them will vary. Your capital is at risk. Performance data are provided in the share class currency, and include the change in net asset value and the reinvestment of any distributions paid on Portfolio shares for the period shown. Performance data are net of management fees, but do not reflect sales charges or the effect of taxes. Returns for other share classes will vary due to different charges and expenses. The actual return achieved by investors in other currencies may increase or decrease as a result of currency fluctuations. Currency-hedged share classes use hedging techniques in an attempt to reduce but not eliminate fluctuations between the investor s holdings in a particular currency-hedged share class denominated in the investor s investing currency and the portfolio s base currency. The goal is to deliver returns that track the portfolio s base currency returns more closely. The Portfolio is a portfolio of AB FCP I, a mutual investment fund (fonds commun de placement) organized under the laws of Luxembourg. page 1 of 3

4 AB AMERICAN INCOME PORTFOLIO MAY Portfolio Statistics Net Assets $10, million Average Duration (Years) 5.14 Average Credit Quality A- Yield to Worst 5.22% Total # of Holdings 720 Top Ten Holdings Holding US Treasury Bonds 8.00%, 11/15/ % US Treasury Notes 2.25%, 8/15/ FNMA 6.625%, 11/15/ US Treasury Bonds 8.125%, 5/15/21-8/15/ US Treasury Bonds 6.375%, 8/15/ US Treasury Bonds 7.50%, 11/15/ US Treasury Bonds 7.125%, 2/15/ US Treasury Bonds 6.625%, 2/15/ FNMA 7.125%, 1/15/ US Treasury Bonds 6.125%, 11/15/ Total Source: AB. Portfolio holdings and weightings are subject to change. Sector Allocation 3 Treasuries 41.77% High Yield CMOs Emerging Markets - Hard Currency 9.63 Commercial Mortgage- Backed Securities 8.99 Corporates - Investment Grade 7.86 Agency 4.74 Other 0.30 Currency Allocation US Dollar % Country Allocation United States 77.29% Brazil 2.18 France 1.62 United Kingdom 1.59 Cayman Islands 1.43 Other Credit Quality 3 AAA 40.21% AA 1.86 A 1.98 BBB BB B CCC & Below 0.20 Not Rated 2.35 The benchmark changed as of 31 January INVESTMENT RISKS TO CONSIDER: Investment in the Fund entails certain risks. 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. Dividends are not paid for all share classes and are not guaranteed. The Fund is meant as a vehicle for diversification and does not represent a complete investment program. Some of the principal risks of investing in the Fund include liquidity risk, focused portfolio risk, portfolio turnover risk, derivatives risk, OTC derivatives counterparties risk, structured investments risk, fixed income securities risk, lower-rated and unrated instruments risk, sovereign debt obligations risk and corporate debt obligations risk. These and other risks are described in the Fund s prospectus. Prospective investors should read the prospectus carefully and discuss risk and the fund s fees and charges with their financial adviser to determine if the investment is appropriate for them. This financial promotion is directed solely at persons in jurisdictions where the funds and relevant share class are registered or who may otherwise lawfully receive it. Before investing, investors should review the Fund s full Prospectus, together with the Fund s Key Investor Information Document and the most recent financial statements. Copies of these documents, including the latest annual report and, if issued thereafter, the latest semi-annual report, may be obtained free of charge from AllianceBernstein (Luxembourg) S.à r.l. by visiting or in printed form by contacting the local distributor in the jurisdictions in which the funds are authorised for distribution. 1 The Bloomberg Barclays US Aggregate Bond Index represents securities that are SEC-registered, taxable, and dollar denominated. The index covers the US investment grade fixed rate bond market. An investor cannot invest directly in an index, and their results are not indicative of the performance for any specific investment, including an AB fund. Indices do not include sales charges or operating expenses associated with an investment in a mutual fund, which would reduce total returns. 2 Life performance is from inception date of I2. See page 1 for inception dates. 3 Net asset value is denominated in the share class currency. 4 Credit Quality is a measure of the creditworthiness and risk of a bond or portfolio, based on the issuer's financial condition. For purposes of this document, all ratings are based on ratings of S&P, Moody s and Fitch: AAA/Aaa is highest and D is lowest. Conventions for split ratings: Sector Allocation/High Yield uses a split to lower with two different ratings (and a split to middle for three ratings); Credit Quality uses a split to higher. Therefore, information contained herein may be different where the Prospectus requires a different split ratings convention or, where the Prospectus does not specify, AB applies its own split ratings convention. Note to European Readers: The Key Investor Information Document is available in the local language of each country in which the Fund is registered. The Fund s Prospectus is available in English, French and German. This information is issued by AllianceBernstein Limited, 50 Berkeley Street, London W1J 8HA. Registered in England, No AllianceBernstein Limited is authorised and regulated in the UK by the Financial Conduct Authority (FCA). Note to Austrian and German Readers: Local paying and information agents: Austria UniCredit Bank Austria AG, Schottengasse 6-8, 1010 Vienna; Germany ODDO BHF Aktiengesellschaft, Bockenheimer Landstraße 10, Frankfurt am Main. Note to Italian Readers: For Investment Professional use only. Note to Liechtenstein Readers: The Fund is not registered for public distribution in Liechtenstein and, accordingly, shares may only be offered to a limited group of Professional Investors, in all cases and under all circumstances designed to preclude a public solicitation in Liechtenstein. This fact sheet may not be reproduced or used for any other purpose, nor be furnished to any person other than those to whom copies have personally been sent by AB. Neither the Fund nor the shares described therein have been subject to the review and supervision of the Liechtenstein Financial Market Authority. Note to Swiss Readers: This document is issued by AllianceBernstein Schweiz AG, Zurich, a company registered in Switzerland under company number CHE AllianceBernstein Schweiz AG is authorised and regulated in Switzerland by the Swiss Financial Market Supervisory Authority (FINMA) as a distributor of collective investment schemes. Swiss Representative & Swiss Paying Agent: BNP Paribas Securities Services, Paris, Succursale de Zürich. Registered office: Selnaustrasse 16, 8002 Zürich, Switzerland, which is also the place of performance and the place of jurisdiction for any litigation in relation to the distribution of shares in Switzerland. The Prospectus, the key investor information documents, the Articles or management regulations, and the annual and semiannual reports of the concerned fund may be requested without cost at the offices of the Swiss representative. Note to UK Readers: For Investment Professional use only. Not for distribution to individual investors. Overall Morningstar Rating is a copyright of Morningstar, Inc., All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results AllianceBernstein L.P. 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. GBAIPFS518GER_I page 2 of 3

5 For Marketing Purposes Fixed Income MAY AB ASIA PACIFIC LOCAL CURRENCY DEBT PORTFOLIO OVERALL MORNINGSTAR RATING TM I2 USD Shares Rated against 130 funds in the Asia Bond - Local Currency Category, based on risk-adjusted returns. OBJECTIVE & STRATEGY Seeks high total returns through current income and long-term capital appreciation by: + Participating in a fast-growing region of the world economy + Finding competitive yields through investments across Asia Pacific currency, credit and government bond markets + Flexibly allocating across sectors and currencies to deliver strong long-term returns with moderate levels of volatility PROFILE + Fund Inception: 08/02/ Domicile: Luxembourg + Fiscal Year-End: 31 May + Subscription/Redemption: Daily + Order Placement Cutoff Time: 11AM CET + Base Currency: US Dollar + Currency-Hedged Share es: Australian Dollar, Canadian Dollar, Euro, Singapore Dollar + Benchmark: 3-Month LIBOR (USD) 1 PORTFOLIO MANAGEMENT & EXPERIENCE + PaulJ.DeNoon:34 years + Brad Gibson: 25 years + Jenny Zeng, CFA: 12 years ONGOING CHARGES FIGURE I2 1.05% IT 1.05 I2 EUR H 1.05 IT EUR H 1.05 Ongoing charges include fees and certain expenses of the Portfolio as of the most recent KIID, and may be subject to a cap which is reflected above if applicable. GROWTH OF $10,000 I2 USD 15,000 10,000 5,000 0 $11,620 ROLLING 12-MONTH PERFORMANCE /18 The performance shown above is net of ongoing charges and assumes an investment of $10,000 at inception of the share class. Other personal securities account costs (e.g., custody fees) may additionally reduce performance. 06/13-05/14 06/14-05/15 06/15-05/16 06/16-05/17 06/17-05/18 I2 2.86% 0.06% -2.47% 6.33% 3.75% IT I2 EUR H IT EUR H PERFORMANCE (RETURNS ARE ANNUALIZED FOR PERIODS LONGER THAN ONE YEAR) 1 Month YTD 1 Year 3 Years 5 Years 10 Years Life I2-1.14% -1.19% 3.75% 2.47% 2.06% 2.41% IT I2 EUR H IT EUR H Benchmark ISIN Bloomberg CUSIP Inception Dist. Yield Dividend Net Asset Value 3 I2 LU ABAPI2U:LX L5529H688 08/02/ IT LU ABAPITU:LX L5529H696 08/02/ I2 EUR H LU AAPII2E:LX 08/02/ IT EUR H LU ABAPITE:LX 08/02/ CALENDAR YEAR PERFORMANCE I2-4.63% 3.75 % -5.24% 3.82% 11.86% IT I2 EUR H IT EUR H STATISTICAL DATA (CLASS I2 USD) Volatility 5.92 Past performance is no guarantee of future results. The value of investments and the income from them will vary. Your capital is at risk. Performance data are provided in the share class currency, and include the change in net asset value and the reinvestment of any distributions paid on Portfolio shares for the period shown. Performance data are net of management fees, but do not reflect sales charges or the effect of taxes. Returns for other share classes will vary due to different charges and expenses. The actual return achieved by investors in other currencies may increase or decrease as a result of currency fluctuations. Currency-hedged share classes use hedging techniques in an attempt to reduce but not eliminate fluctuations between the investor s holdings in a particular currency-hedged share class denominated in the investor s investing currency and the portfolio s base currency. The goal is to deliver returns that track the portfolio s base currency returns more closely. The Portfolio is a portfolio of AB SICAV I, an open-ended investment company with variable capital (société d investissement à capital variable) incorporated under the laws of Luxembourg. page 1 of 3

6 AB ASIA PACIFIC LOCAL CURRENCY DEBT PORTFOLIO MAY Portfolio Statistics Net Assets $22.89 million Average Duration (Years) 6.19 Total # of Holdings 25 Top Ten Holdings Holding Indonesia Treasury Bond 8.375%, 3/15/ % Housing Development Finance 8.65%, 9/18/ Power Finance 8.65%, 12/28/ Inflation Linked Korea Treasury Bond 1.00%, 6/10/ Malaysia Govt Bond 4.048%, 9/30/ India Govt Bond 8.32%, 8/02/ Singapore Govt Bond 1.625%, 10/01/ New Zealand Govt Bond 2.00%, 9/20/ Thailand Govt Bond 1.20%, 7/14/ Indonesia Treasury Bond 8.75%, 5/15/ Total Source: AB. Portfolio holdings and weightings are subject to change. Sector Allocation 4 Sovereign Bonds 47.52% Sovereign Agencies 1.27 Corporates - Investment Grade Corporates - Non- Investment Grade 1.60 Quasi-Sovereigns 8.25 Other Net Currency Exposure Indonesian Rupiah 21.54% South Korean Won Indian Rupee Philippine Peso Malaysian Ringgit 9.64 Chinese Renminbi 8.58 Thai Baht 7.46 Sri Lankan Rupee 4.82 Singapore Dollar 3.87 Other 1.46 Country Allocation India 27.26% Indonesia China 9.96 Malaysia 9.66 Thailand 7.19 South Korea 7.02 Singapore 6.12 Sri Lanka 5.67 New Zealand 4.66 Other 5.89 Prior to 30 May 2017, the Portfolio was named AB Asia-Pacific Income Portfolio. All data prior to 30 May 2017 relates to the AB Asia-Pacific Income Portfolio. INVESTMENT RISKS TO CONSIDER: Investment in the Fund entails certain risks. 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. Dividends are not paid for all share classes and are not guaranteed. The Fund is meant as a vehicle for diversification and does not represent a complete investment program. Some of the principal risks of investing in the Fund include emerging markets risk, focused portfolio risk, derivatives risk, OTC derivatives counterparties risk, structured instruments risk, fixed income securities risk, lower-rated and unrated instruments risk, sovereign debt obligations risk and corporate debt obligations risk. These and other risks are described in the Fund s prospectus. Prospective investors should read the prospectus carefully and discuss risk and the fund s fees and charges with their financial adviser to determine if the investment is appropriate for them. This financial promotion is directed solely at persons in jurisdictions where the funds and relevant share class are registered or who may otherwise lawfully receive it. Before investing, investors should review the Fund s full Prospectus, together with the Fund s Key Investor Information Document and the most recent financial statements. Copies of these documents, including the latest annual report and, if issued thereafter, the latest semi-annual report, may be obtained free of charge from AllianceBernstein (Luxembourg) S.à r.l. by visiting or in printed form by contacting the local distributor in the jurisdictions in which the funds are authorised for distribution. 1 LIBOR is the London Interbank Offered Rate, the daily interest rate set by leading London banks to lend to one another. An investor cannot invest directly in the LIBOR, and their results are not indicative of the performance for any specific investment, including an AB fund. The LIBOR does not include sales charges or operating expenses associated with an investment in a mutual fund, which would reduce total returns. 2 Life performance is from inception date of oldest class shown. See page 1 for inception dates. 3 Net asset value is denominated in the share class currency. 4 Conventions for split ratings: Sector Allocation/High Yield uses a split to lower with two different ratings (and a split to middle for three ratings). Therefore, information contained herein may be different where the Prospectus requires a different split ratings convention or, where the Prospectus does not specify, AB applies its own split ratings convention. Note to European Readers: The Key Investor Information Document is available in the local language of each country in which the Fund is registered. The Fund s Prospectus is available in English, French and German. This information is issued by AllianceBernstein Limited, 50 Berkeley Street, London W1J 8HA. Registered in England, No AllianceBernstein Limited is authorised and regulated in the UK by the Financial Conduct Authority (FCA). Note to Austrian and German Readers: Local paying and information agents: Austria UniCredit Bank Austria AG, Schottengasse 6-8, 1010 Vienna; Germany ODDO BHF Aktiengesellschaft, Bockenheimer Landstraße 10, Frankfurt am Main. Note to Italian Readers: For Investment Professional use only. Note to Liechtenstein Readers: The Fund is not registered for public distribution in Liechtenstein and, accordingly, shares may only be offered to a limited group of Professional Investors, in all cases and under all circumstances designed to preclude a public solicitation in Liechtenstein. This fact sheet may not be reproduced or used for any other purpose, nor be furnished to any person other than those to whom copies have personally been sent by AB. Neither the Fund nor the shares described therein have been subject to the review and supervision of the Liechtenstein Financial Market Authority. Note to Swiss Readers: This document is issued by AllianceBernstein Schweiz AG, Zurich, a company registered in Switzerland under company number CHE AllianceBernstein Schweiz AG is authorised and regulated in Switzerland by the Swiss Financial Market Supervisory Authority (FINMA) as a distributor of collective investment schemes. Swiss Representative & Swiss Paying Agent: BNP Paribas Securities Services, Paris, Succursale de Zürich. Registered office: Selnaustrasse 16, 8002 Zürich, Switzerland, which is also the place of performance and the place of jurisdiction for any litigation in relation to the distribution of shares in Switzerland. The Prospectus, the key investor information documents, the Articles or management regulations, and the annual and semiannual reports of the concerned fund may be requested without cost at the offices of the Swiss representative. Note to UK Readers: For Investment Professional use only. Not for distribution to individual investors. Overall Morningstar Rating is a copyright of Morningstar, Inc., All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results AllianceBernstein L.P. 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. GBAPIPFS518GER_I page 2 of 3

7 For Marketing Purposes Fixed Income MAY AB DIVERSIFIED YIELD PLUS PORTFOLIO PROFILE + Fund Inception: 16/01/ Domicile: Luxembourg + Fiscal Year-End: 31 May + Subscription/Redemption: Daily + Order Placement Cutoff Time: 4PM US ET; 6PM CET for Currency-Hedged share classes + Base Currency: British Pound + Currency-Hedged Share es: Euro, Swiss Franc, US Dollar + Benchmark: 3-Month LIBOR (GBP) 1 PORTFOLIO MANAGEMENT & EXPERIENCE + Scott DiMaggio, CFA: 25 years + Douglas J. Peebles: 31 years + John Taylor: 19 years ONGOING CHARGES FIGURE I2 0.90% I2 CHF H 0.90 I2 EUR H 0.90 Ongoing charges include fees and certain expenses of the Portfolio as of the most recent KIID, and may be subject to a cap which is reflected above if applicable. GROWTH OF 10,000 I2 GBP 15,000 10,000 5, ,553 ROLLING 12-MONTH PERFORMANCE /18 The performance shown above is net of ongoing charges and assumes an investment of 10,000 at inception of the share class. Other personal securities account costs (e.g., custody fees) may additionally reduce performance. OBJECTIVE & STRATEGY Seeks to maximize risk-adjusted return by: + Offering an innovative core fixed-income strategy one that is global, flexible and riskaware + Investing in a broad range of fixed-income sectors and securities throughout the world while adjusting country, sector and security exposures according to perceived market opportunities + Employing an absolute return approach that seeks to dynamically manage risk exposure as market conditions change 06/13-05/14 06/14-05/15 06/15-05/16 06/16-05/17 06/17-05/18 I2 0.07% 1.20% 1.78% 3.49% -1.06% I2 CHF H I2 EUR H PERFORMANCE (RETURNS ARE ANNUALIZED FOR PERIODS LONGER THAN ONE YEAR) 1 Month YTD 1 Year 3 Years 5 Years 10 Years Life I2-0.94% -1.49% -1.06% 1.39% 1.34% I2 CHF H I2 EUR H Benchmark ISIN Bloomberg CUSIP Inception Dist. Yield Dividend Net Asset Value 3 I2 LU ABDYPI2:LX 19/05/ I2 CHF H LU ABDI2CH:LX 24/11/ I2 EUR H LU ABI2EUH:LX 19/05/ CALENDAR YEAR PERFORMANCE I2 0.20% 4.17 % 2.10 % I2 CHF H I2 EUR H STATISTICAL DATA (CLASS I2 GBP) Volatility 1.99 Past performance is no guarantee of future results. The value of investments and the income from them will vary. Your capital is at risk. Performance data are provided in the share class currency, and include the change in net asset value and the reinvestment of any distributions paid on Portfolio shares for the period shown. Performance data are net of management fees, but do not reflect sales charges or the effect of taxes. Returns for other share classes will vary due to different charges and expenses. The actual return achieved by investors in other currencies may increase or decrease as a result of currency fluctuations. Currency-hedged share classes use hedging techniques in an attempt to reduce but not eliminate fluctuations between the investor s holdings in a particular currency-hedged share class denominated in the investor s investing currency and the portfolio s base currency. The goal is to deliver returns that track the portfolio s base currency returns more closely. The Portfolio is a portfolio of AB SICAV I, an open-ended investment company with variable capital (société d investissement à capital variable) incorporated under the laws of Luxembourg. page 1 of 3

8 AB DIVERSIFIED YIELD PLUS PORTFOLIO MAY Portfolio Statistics Net Assets million Average Duration (Years) 2.69 Average Credit Quality A Yield to Worst 2.52% Total # of Holdings 514 Top Ten Holdings Holding Canadian Govt Bond 1.50%, 6/01/ % Japanese Govt CPI Linked Bond 0.10%, 3/10/ Australia Govt Bond %, 7/15/ US Treasury Inflation Index 0.125%, 4/15/ US Treasury Inflation Index 1.25%, 7/15/ Bundesrepublik Deutschland 2.50%, 7/04/ Canada Housing Trust 1.25%, 6/15/ Singapore Govt Bond 2.75%, 3/01/ Australia Govt Bond 2.25%, 5/21/ Deutsche Bundesrepublik 1.75%, 4/15/ Total Source: AB. Portfolio holdings and weightings are subject to change. Top5Sectors 4 Corporates - Investment Grade 30.35% Global Governments Inflation-Linked Securities Corporates - Non-Investment Grade 8.42 Cash Equivalents 6.75 Net Currency Exposure Great British Pound 99.97% Malaysian Ringgit 1.49 Chinese Renminbi 1.04 Argentine Peso 0.80 US Dollar 0.69 Indian Rupee 0.51 Russian Rouble 0.51 Mexican Peso 0.49 South African Rand 0.49 Other Country Allocation United States 28.20% United Kingdom Canada Japan 8.40 Germany 6.93 Australia 5.42 France 4.05 Sweden 1.80 Spain 1.78 Other Credit Quality 4 AAA 34.06% AA 4.52 A BBB BB 8.44 B 4.23 CCC & Below 0.34 Not Rated 0.43 Other 2.34 INVESTMENT RISKS TO CONSIDER: Investment in the Fund entails certain risks. 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. Dividends are not paid for all share classes and are not guaranteed. The Fund is meant as a vehicle for diversification and does not represent a complete investment program. Some of the principal risks of investing in the Fund include emerging markets risk, portfolio turnover risk, smaller capitalization companies risk, derivatives risk, OTC derivatives counterparties risk, fixed income securities risk, lower-rated and unrated instruments risk, sovereign debt obligations risk and corporate debt obligations risk. These and other risks are described in the Fund s prospectus. Prospective investors should read the prospectus carefully and discuss risk and the fund s fees and charges with their financial adviser to determine if the investment is appropriate for them. This financial promotion is directed solely at persons in jurisdictions where the funds and relevant share class are registered or who may otherwise lawfully receive it. Before investing, investors should review the Fund s full Prospectus, together with the Fund s Key Investor Information Document and the most recent financial statements. Copies of these documents, including the latest annual report and, if issued thereafter, the latest semi-annual report, may be obtained free of charge from AllianceBernstein (Luxembourg) S.à r.l. by visiting or in printed form by contacting the local distributor in the jurisdictions in which the funds are authorised for distribution. 1 LIBOR is the London Interbank Offered Rate, the daily interest rate set by leading London banks to lend to one another. An investor cannot invest directly in the LIBOR, and their results are not indicative of the performance for any specific investment, including an AB fund. The LIBOR does not include sales charges or operating expenses associated with an investment in a mutual fund, which would reduce total returns. 2 Life performance is from inception date of oldest class shown. See page 1 for inception dates. 3 Net asset value is denominated in the share class currency. 4 Credit Quality is a measure of the creditworthiness and risk of a bond or portfolio, based on the issuer's financial condition. For purposes of this document, all ratings are based on ratings of S&P, Moody s and Fitch: AAA/Aaa is highest and D is lowest. Conventions for split ratings: Sector Allocation/High Yield uses a split to lower with two different ratings (and a split to middle for three ratings); Credit Quality uses a split to higher. Therefore, information contained herein may be different where the Prospectus requires a different split ratings convention or, where the Prospectus does not specify, AB applies its own split ratings convention. Note to European Readers: The Key Investor Information Document is available in the local language of each country in which the Fund is registered. The Fund s Prospectus is available in English, French and German. This information is issued by AllianceBernstein Limited, 50 Berkeley Street, London W1J 8HA. Registered in England, No AllianceBernstein Limited is authorised and regulated in the UK by the Financial Conduct Authority (FCA). Note to Austrian and German Readers: Local paying and information agents: Austria UniCredit Bank Austria AG, Schottengasse 6-8, 1010 Vienna; Germany ODDO BHF Aktiengesellschaft, Bockenheimer Landstraße 10, Frankfurt am Main. Note to Italian Readers: For Investment Professional use only. Note to Liechtenstein Readers: The Fund is not registered for public distribution in Liechtenstein and, accordingly, shares may only be offered to a limited group of Professional Investors, in all cases and under all circumstances designed to preclude a public solicitation in Liechtenstein. This fact sheet may not be reproduced or used for any other purpose, nor be furnished to any person other than those to whom copies have personally been sent by AB. Neither the Fund nor the shares described therein have been subject to the review and supervision of the Liechtenstein Financial Market Authority. Note to Swiss Readers: This document is issued by AllianceBernstein Schweiz AG, Zurich, a company registered in Switzerland under company number CHE AllianceBernstein Schweiz AG is authorised and regulated in Switzerland by the Swiss Financial Market Supervisory Authority (FINMA) as a distributor of collective investment schemes. Swiss Representative & Swiss Paying Agent: BNP Paribas Securities Services, Paris, Succursale de Zürich. Registered office: Selnaustrasse 16, 8002 Zürich, Switzerland, which is also the place of performance and the place of jurisdiction for any litigation in relation to the distribution of shares in Switzerland. The Prospectus, the key investor information documents, the Articles or management regulations, and the annual and semiannual reports of the concerned fund may be requested without cost at the offices of the Swiss representative. Note to UK Readers: For Investment Professional use only. Not for distribution to individual investors AllianceBernstein L.P. 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. GBDYPFS518GER_I page 2 of 3

9 For Marketing Purposes Fixed Income MAY AB EMERGING MARKET CORPORATE DEBT PORTFOLIO OBJECTIVE & STRATEGY Seeks to maximize total returns through current income and capital appreciation by: + Investing primarily in fixed-income securities issued by corporations domiciled in emerging markets; the Portfolio can also make use of quasi-sovereign and sovereign securities to improve liquidity + Applying a holistic approach to analyzing credit which considers macro, industry, and credit risks + Leveraging AB s emerging market and global credit process and experience, which uses a unique combination of fundamental and quantitative investment management PROFILE + Fund Inception: 22/02/ Domicile: Luxembourg + Fiscal Year-End: 31 May + Subscription/Redemption: Daily + Order Placement Cutoff Time: 4PM US ET; 6PM CET for Currency-Hedged share classes + Base Currency: US Dollar + Currency-Hedged Share es: Canadian Dollar, Euro + Benchmark: JPMorgan CEMBI Broad Diversified 1 PORTFOLIO MANAGEMENT & EXPERIENCE + Elizabeth Bakarich: 12 years + PaulJ.DeNoon:34 years + Shamaila Khan: 22 years ONGOING CHARGES FIGURE I2 1.20% IT 1.20 I2 EUR H 1.20 Ongoing charges include fees and certain expenses of the Portfolio as of the most recent KIID, and may be subject to a cap which is reflected above if applicable. GROWTH OF $10,000 I2 USD 15,000 10,000 5,000 0 $13,253 ROLLING 12-MONTH PERFORMANCE /18 The performance shown above is net of ongoing charges and assumes an investment of $10,000 at inception of the share class. Other personal securities account costs (e.g., custody fees) may additionally reduce performance. 06/13-05/14 06/14-05/15 06/15-05/16 06/16-05/17 06/17-05/18 I2 4.05% 1.86% 0.28% 10.61% -0.65% IT I2 EUR H PERFORMANCE (RETURNS ARE ANNUALIZED FOR PERIODS LONGER THAN ONE YEAR) 1 Month YTD 1 Year 3 Years 5 Years 10 Years Life I2-2.02% -3.73% -0.65% 3.29% 3.16% 4.59% IT I2 EUR H Benchmark ISIN Bloomberg CUSIP Inception Dist. Yield Dividend Net Asset Value 3 I2 LU ABEMCI2:LX L5529D737 22/02/ IT LU ABEMITU:LX L5529E800 25/02/ I2 EUR H LU ABEI2EH:LX L5529D745 22/02/ CALENDAR YEAR PERFORMANCE I2-1.42% 4.99% -1.83% 11.08% 8.40% IT I2 EUR H STATISTICAL DATA (CLASS I2 USD) Volatility 4.81 Past performance is no guarantee of future results. The value of investments and the income from them will vary. Your capital is at risk. Performance data are provided in the share class currency, and include the change in net asset value and the reinvestment of any distributions paid on Portfolio shares for the period shown. Performance data are net of management fees, but do not reflect sales charges or the effect of taxes. Returns for other share classes will vary due to different charges and expenses. The actual return achieved by investors in other currencies may increase or decrease as a result of currency fluctuations. Currency-hedged share classes use hedging techniques in an attempt to reduce but not eliminate fluctuations between the investor s holdings in a particular currency-hedged share class denominated in the investor s investing currency and the portfolio s base currency. The goal is to deliver returns that track the portfolio s base currency returns more closely. The Portfolio is a portfolio of AB SICAV I, an open-ended investment company with variable capital (société d investissement à capital variable) incorporated under the laws of Luxembourg. page 1 of 3

10 AB EMERGING MARKET CORPORATE DEBT PORTFOLIO MAY Portfolio Statistics Net Assets $ million Average Duration (Years) 4.28 Average Credit Quality BB+ Yield to Worst 7.04% Total # of Holdings 325 Top Ten Holdings Holding Ecopetrol 5.875%, 9/18/23-5/28/ % Argentina POM Politica Monetaria %, 6/21/ Digicel Group 8.25%, 9/30/ Bahrain Govt Intl Bond 7.50%, 9/20/ Teva Pharmaceutical Finance Netherlands 3.15%, 10/01/ Abu Dhabi National Energy 4.375%, 4/23/25-6/22/ USJ Acucar e Alcool 9.875%, 11/09/ YPF 8.50%, 3/23/21-7/28/ Turkiye Vakiflar Bankasi 8.00%, 11/01/ Odebrecht Finance 7.125%, 6/26/ Total Source: AB. Portfolio holdings and weightings are subject to change. Sector Allocation 4 Corporate Bonds 78.34% Cash Equivalents 6.15 Sovereign Bonds 5.52 Quasi-Sovereign Bonds 4.19 Emerging Markets - Treasuries 3.27 Inflation-Linked Securities 0.99 Treasury Bonds 0.72 Common Stocks 0.07 Other 0.75 Net Currency Exposure US Dollar 94.13% Argentine Peso 2.31 Nigerian Naira 1.03 Indonesian Rupiah 1.02 Egyptian Pound 0.56 Other 0.95 Country Allocation United States 17.44% China 6.98 Argentina 6.72 Peru 5.66 India 5.53 Mexico 4.65 Indonesia 4.49 Colombia 3.86 South Africa 3.80 Other Credit Quality 4 AAA 5.45% AA 2.05 A 6.08 BBB BB B CCC & Below 2.55 Not Rated 3.01 Short-Term Investments 0.90 N/A 0.53 INVESTMENT RISKS TO CONSIDER: Investment in the Fund entails certain risks. 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. Dividends are not paid for all share classes and are not guaranteed. The Fund is meant as a vehicle for diversification and does not represent a complete investment program. Some of the principal risks of investing in the Fund include emerging markets risk, focused portfolio risk, derivatives risk, OTC derivatives counterparties risk, structured instruments risk, fixed income securities risk, lower-rated and unrated instruments risk, sovereign debt obligations risk and corporate debt obligations risk. These and other risks are described in the Fund s prospectus. Prospective investors should read the prospectus carefully and discuss risk and the fund s fees and charges with their financial adviser to determine if the investment is appropriate for them. This financial promotion is directed solely at persons in jurisdictions where the funds and relevant share class are registered or who may otherwise lawfully receive it. Before investing, investors should review the Fund s full Prospectus, together with the Fund s Key Investor Information Document and the most recent financial statements. Copies of these documents, including the latest annual report and, if issued thereafter, the latest semi-annual report, may be obtained free of charge from AllianceBernstein (Luxembourg) S.à r.l. by visiting or in printed form by contacting the local distributor in the jurisdictions in which the funds are authorised for distribution. 1 The JPMorgan CEMBI (Corporate Emerging Market Bond Index) Broad Diversified includes fixed-rate securities such as fixed, floating, amortizing and capitalizing instruments. Only those bonds issued by corporate entities are eligible in the index. Bonds with a face amount of US$300 million or more are considered for inclusion in the index. Only US dollar-denominated bonds are included; instruments where the amount of coupon or redemption payment is linked to an exchange rate are not eligible. The index includes a specific set of emerging-market countries within Asia ex-japan, Eastern Europe, the Middle East and Latin America. An investor cannot invest directly in an index, and their results are not indicative of the performance for any specific investment, including an AB fund. Indices do not include sales charges or operating expenses associated with an investment in a mutual fund, which would reduce total returns. 2 Life performance is from inception date of oldest class shown. See page 1 for inception dates. 3 Net asset value is denominated in the share class currency. 4 Credit Quality is a measure of the creditworthiness and risk of a bond or portfolio, based on the issuer's financial condition. For purposes of this document, all ratings are based on ratings of S&P, Moody s and Fitch: AAA/Aaa is highest and D is lowest. Conventions for split ratings: Sector Allocation/High Yield uses a split to lower with two different ratings (and a split to middle for three ratings); Credit Quality uses a split to higher. Therefore, information contained herein may be different where the Prospectus requires a different split ratings convention or, where the Prospectus does not specify, AB applies its own split ratings convention. Note to European Readers: The Key Investor Information Document is available in the local language of each country in which the Fund is registered. The Fund s Prospectus is available in English, French and German. This information is issued by AllianceBernstein Limited, 50 Berkeley Street, London W1J 8HA. Registered in England, No AllianceBernstein Limited is authorised and regulated in the UK by the Financial Conduct Authority (FCA). Note to Austrian and German Readers: Local paying and information agents: Austria UniCredit Bank Austria AG, Schottengasse 6-8, 1010 Vienna; Germany ODDO BHF Aktiengesellschaft, Bockenheimer Landstraße 10, Frankfurt am Main. Note to Italian Readers: For Investment Professional use only. Note to Liechtenstein Readers: The Fund is not registered for public distribution in Liechtenstein and, accordingly, shares may only be offered to a limited group of Professional Investors, in all cases and under all circumstances designed to preclude a public solicitation in Liechtenstein. This fact sheet may not be reproduced or used for any other purpose, nor be furnished to any person other than those to whom copies have personally been sent by AB. Neither the Fund nor the shares described therein have been subject to the review and supervision of the Liechtenstein Financial Market Authority. Note to Swiss Readers: This document is issued by AllianceBernstein Schweiz AG, Zurich, a company registered in Switzerland under company number CHE AllianceBernstein Schweiz AG is authorised and regulated in Switzerland by the Swiss Financial Market Supervisory Authority (FINMA) as a distributor of collective investment schemes. Swiss Representative & Swiss Paying Agent: BNP Paribas Securities Services, Paris, Succursale de Zürich. Registered office: Selnaustrasse 16, 8002 Zürich, Switzerland, which is also the place of performance and the place of jurisdiction for any litigation in relation to the distribution of shares in Switzerland. The Prospectus, the key investor information documents, the Articles or management regulations, and the annual and semiannual reports of the concerned fund may be requested without cost at the offices of the Swiss representative. Note to UK Readers: For Investment Professional use only. Not for distribution to individual investors AllianceBernstein L.P. 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. GBEMCD518GER_I page 2 of 3

11 For Marketing Purposes Fixed Income MAY AB EMERGING MARKET LOCAL CURRENCY DEBT PORTFOLIO OBJECTIVE & STRATEGY Seeks to maximize total returns from current income and long-term capital appreciation by: + Investing primarily in local emerging market sovereign debt, with selective use of hard currency sovereign debt and corporate bonds to improve the risk/return profile + Actively managing emerging market currency exposure in order to enhance returns while diversifying macroeconomic risk with a minimum of 80% of assets typically exposed to emerging market currencies + Leveraging AB s emerging market investment process and experience PROFILE + Fund Inception: 22/02/ Domicile: Luxembourg + Fiscal Year-End: 31 May + Subscription/Redemption: Daily + Order Placement Cutoff Time: 4PM US ET; 6PM CET for Currency-Hedged share classes + Base Currency: US Dollar + Convenience Pricing/Reporting Currencies: Euro, Singapore Dollar + Currency-Hedged Share es: Euro, Singapore Dollar, Swiss Franc + Benchmark: JPMorgan GBI-EM Global Diversified Index 1 PORTFOLIO MANAGEMENT & EXPERIENCE + PaulJ.DeNoon:34 years + Christian DiClementi: 15 years + Brad Gibson: 25 years + Shamaila Khan: 22 years GROWTH OF $10,000 I2 USD 15,000 10,000 5,000 0 $9,427 ROLLING 12-MONTH PERFORMANCE /18 The performance shown above is net of ongoing charges and assumes an investment of $10,000 at inception of the share class. Other personal securities account costs (e.g., custody fees) may additionally reduce performance. 06/13-05/14 06/14-05/15 06/15-05/16 06/16-05/17 06/17-05/18 I2-1.79% % -6.80% 16.53% -1.67% I2 EUR H PERFORMANCE (RETURNS ARE ANNUALIZED FOR PERIODS LONGER THAN ONE YEAR) 1 Month YTD 1 Year 3 Years 5 Years 10 Years Life I2-7.04% -5.73% -1.67% 2.22% -1.95% -0.94% I2 EUR H Benchmark ISIN Bloomberg CUSIP Inception Dist. Yield Dividend Net Asset Value 3 I2 LU ABELCI2:LX L5529D679 22/02/ I2 EUR H LU ABELISH:LX L5529D687 22/02/ CALENDAR YEAR PERFORMANCE I % -4.56% % 11.75% 16.01% I2 EUR H STATISTICAL DATA (CLASS I2 USD) Volatility ONGOING CHARGES FIGURE I2 1.20% I2 EUR H 1.20 Ongoing charges include fees and certain expenses of the Portfolio as of the most recent KIID, and may be subject to a cap which is reflected above if applicable. Past performance is no guarantee of future results. The value of investments and the income from them will vary. Your capital is at risk. Performance data are provided in the share class currency, and include the change in net asset value and the reinvestment of any distributions paid on Portfolio shares for the period shown. Performance data are net of management fees, but do not reflect sales charges or the effect of taxes. Returns for other share classes will vary due to different charges and expenses. The actual return achieved by investors in other currencies may increase or decrease as a result of currency fluctuations. Currency-hedged share classes use hedging techniques in an attempt to reduce but not eliminate fluctuations between the investor s holdings in a particular currency-hedged share class denominated in the investor s investing currency and the portfolio s base currency. The goal is to deliver returns that track the portfolio s base currency returns more closely. The Portfolio is a portfolio of AB SICAV I, an open-ended investment company with variable capital (société d investissement à capital variable) incorporated under the laws of Luxembourg. page 1 of 3

12 AB EMERGING MARKET LOCAL CURRENCY DEBT PORTFOLIO MAY Portfolio Statistics Net Assets $ million Average Duration (Years) 5.01 Average Credit Quality BBB Yield to Worst 7.62% Total # of Holdings 84 Top Ten Holdings Holding Brazil Letras do Tresouro Nacl Zero Coupon, 7/01/ % Thailand Govt Bond 2.125%, 12/17/ Mexican Bonos 10.00%, 12/05/ Republic of South Africa Govt Bond 7.75%, 2/28/ Russian Federal Bond 7.05%, 1/19/ Republic of South Africa Govt Bond 10.50%, 12/21/ Republic of South Africa Govt Bond 8.50%, 1/31/ Colombian TES 10.00%, 7/24/ Indonesia Treasury Bond 8.375%, 3/15/ Colombian TES 7.50%, 8/26/ Total Source: AB. Portfolio holdings and weightings are subject to change. Sector Allocation 4 Treasury Bonds 59.20% Emerging Markets - Treasuries Corporate Bonds 3.93 Sovereign Bonds 1.85 Regional Bonds 1.38 Inflation-Linked Securities 1.00 Short-Term Investments 0.82 Sovereign Agencies 0.11 Options Purchased - Puts 0.03 Net Currency Exposure Indonesian Rupiah 12.58% Mexican Peso Polish Zloty South African Rand Brazil Real 8.82 Russian Rouble 7.52 Colombian Peso 7.44 Thai Baht 6.16 Malaysian Ringgit 5.86 Other Country Allocation South Africa 14.10% Indonesia Mexico Brazil 8.61 Colombia 7.88 Thailand 6.52 Russia 6.05 Malaysia 5.07 Peru 4.85 Other Credit Quality 4 AA 2.72% A BBB BB B 8.17 Not Rated 0.64 Short-Term Investments 0.82 INVESTMENT RISKS TO CONSIDER: Investment in the Fund entails certain risks. 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. Dividends are not paid for all share classes and are not guaranteed. The Fund is meant as a vehicle for diversification and does not represent a complete investment program. Some of the principal risks of investing in the Fund include emerging markets risk, focused portfolio risk, derivatives risk, OTC derivatives counterparties risk, structured instruments risk, fixed income securities risk, lower-rated and unrated instruments risk, sovereign debt obligations risk and corporate debt obligations risk. These and other risks are described in the Fund s prospectus. Prospective investors should read the prospectus carefully and discuss risk and the fund s fees and charges with their financial adviser to determine if the investment is appropriate for them. This financial promotion is directed solely at persons in jurisdictions where the funds and relevant share class are registered or who may otherwise lawfully receive it. Before investing, investors should review the Fund s full Prospectus, together with the Fund s Key Investor Information Document and the most recent financial statements. Copies of these documents, including the latest annual report and, if issued thereafter, the latest semi-annual report, may be obtained free of charge from AllianceBernstein (Luxembourg) S.à r.l. by visiting or in printed form by contacting the local distributor in the jurisdictions in which the funds are authorised for distribution. 1 The unmanaged JPMorgan GBI-EM Global Diversified Index is comprised of local currency bonds that are issued by emerging market governments and can be accessed by most of the international investors (excluding markets with capital controls). Country weights are adjusted to be more evenly distributed within the Index and any individual country weight is capped at 10%. An investor cannot invest directly in an index, and their results are not indicative of the performance for any specific investment, including an AB fund. Indices do not include sales charges or operating expenses associated with an investment in a mutual fund, which would reduce total returns. 2 Life performance is from inception date of oldest class shown. See page 1 for inception dates. 3 Net asset value is denominated in the share class currency. 4 Credit Quality is a measure of the creditworthiness and risk of a bond or portfolio, based on the issuer's financial condition. For purposes of this document, all ratings are based on ratings of S&P, Moody s and Fitch: AAA/Aaa is highest and D is lowest. Conventions for split ratings: Sector Allocation/High Yield uses a split to lower with two different ratings (and a split to middle for three ratings); Credit Quality uses a split to higher. Therefore, information contained herein may be different where the Prospectus requires a different split ratings convention or, where the Prospectus does not specify, AB applies its own split ratings convention. Note to European Readers: The Key Investor Information Document is available in the local language of each country in which the Fund is registered. The Fund s Prospectus is available in English, French and German. This information is issued by AllianceBernstein Limited, 50 Berkeley Street, London W1J 8HA. Registered in England, No AllianceBernstein Limited is authorised and regulated in the UK by the Financial Conduct Authority (FCA). Note to Austrian and German Readers: Local paying and information agents: Austria UniCredit Bank Austria AG, Schottengasse 6-8, 1010 Vienna; Germany ODDO BHF Aktiengesellschaft, Bockenheimer Landstraße 10, Frankfurt am Main. Note to Italian Readers: For Investment Professional use only. Note to Liechtenstein Readers: The Fund is not registered for public distribution in Liechtenstein and, accordingly, shares may only be offered to a limited group of Professional Investors, in all cases and under all circumstances designed to preclude a public solicitation in Liechtenstein. This fact sheet may not be reproduced or used for any other purpose, nor be furnished to any person other than those to whom copies have personally been sent by AB. Neither the Fund nor the shares described therein have been subject to the review and supervision of the Liechtenstein Financial Market Authority. Note to Swiss Readers: This document is issued by AllianceBernstein Schweiz AG, Zurich, a company registered in Switzerland under company number CHE AllianceBernstein Schweiz AG is authorised and regulated in Switzerland by the Swiss Financial Market Supervisory Authority (FINMA) as a distributor of collective investment schemes. Swiss Representative & Swiss Paying Agent: BNP Paribas Securities Services, Paris, Succursale de Zürich. Registered office: Selnaustrasse 16, 8002 Zürich, Switzerland, which is also the place of performance and the place of jurisdiction for any litigation in relation to the distribution of shares in Switzerland. The Prospectus, the key investor information documents, the Articles or management regulations, and the annual and semiannual reports of the concerned fund may be requested without cost at the offices of the Swiss representative. Note to UK Readers: For Investment Professional use only. Not for distribution to individual investors AllianceBernstein L.P. 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. GBEMDFS518GER_I page 2 of 3