Morningstar Magazine - June/July 2017 - 109

TALKING TO YOUR CLIENTS ABOUT
HIGHLY-RATED SOLUTIONS?
Overall Morningstar Ratings™ Based on Risk-Adjusted Performance as of 3/31/17.
Advisor Shares
AB Intermediate Diversified
Municipal Portfolio (AIDYX)

AB Global Bond Fund
(ANAYX)

AB Concentrated Growth Fund
(WPSGX)

Rated Against 181 Muni
National Short Funds

Rated Against 312 World
Bond Funds

Rated Against 1,306
Large Growth Funds

AB High Income Municipal
Portfolio (ABTYX)

AB High Income Fund
(AGDYX)

AB Large Cap Growth Fund
(APGYX)

Rated Against 145 High
Yield Muni Funds

Rated Against 596 High Yield
Bond Funds

Rated Against 1,306
Large Growth Funds

AB National Portfolio
(ALTVX)

AB Income Fund
(ACGYX)

AB Emerging Markets MultiAsset Portfolio (ABYEX)

Rated Against 256 Muni
National Interm Funds

Rated Against 851
Intermediate-Term Bond Funds

Rated Against 629 Diversified
Emerging Markets Funds

START WITH AB
GO TO ABFUNDS.COM

Investors should consider the investment objectives,
risks, charges and expenses of the Fund/Portfolio
carefully before investing. For copies of our prospectus
and/or summary prospectus, which contain this and
other information, visit us online at abfunds.com
or contact your AB representative. Please read the
prospectus and/or summary prospectus carefully
before investing.
Past performance does not guarantee future results.
Investing involves risk. The market values of the
portfolio's holdings rise and fall from day to day, so
investments may lose value. Morningstar ratings are
specific metrics of performance and do not represent
absolute performance of any fund.
For each fund with at least a three-year history,
Morningstar calculates a Morningstar Rating based
on a Morningstar Risk-Adjusted Return measure that
accounts for variation in a fund's monthly performance,
placing more emphasis on downward variations and
rewarding consistent performance. The top 10% of
funds in each category receive 5 stars, the next 22.5%
receive 4 stars, the next 35% receive 3 stars, the next
22.5% receive 2 stars and the bottom 10% receive 1
star. (Each share class is counted as a fraction of one
fund within this scale and rated separately, which may
cause slight variations in the distribution percentages.)
The Overall Morningstar Rating for a fund is derived

from a weighted average of the performance figures
associated with its three-, five- and ten-year (if applicable)
Morningstar Rating metrics.

AB Income Fund was rated 5 stars against 851, 750 and
538 funds in the category for the three-, five- and 10-year
periods, respectively.

© 2017 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.

AB Concentrated Growth Fund was rated 3 and 4 stars
against 1,306, 1,154 and 800 funds in the category for the
three-, five- and 10-year periods, respectively.

AB Intermediate Diversified Municipal Portfolio was rated
5 stars among 181, 153 and 96 funds in the category for
the three-, five- and 10-year periods, respectively.
AB High Income Municipal Portfolio was rated 4 stars
against 145 and 118 funds in the category, for the threeand five-year periods respectively.
AB National Portfolio was rated 5 stars against 256, 224
and 150 funds in the category for the three-, five- and 10year periods, respectively.
AB Global Bond Fund was rated 5, 4 and 4 stars against
312, 247 and 128 funds in the category for the three-,
five- and 10-year periods, respectively.
AB High Income Fund was rated 5 stars against 596 and
471 funds in the category, for the three- and five-year
periods, respectively.

AB Large Cap Growth Fund was rated 5 stars against 1,306,
1,154 and 800 funds in the category for the three-, fiveand 10-year periods, respectively.
AB Emerging Markets Multi-Asset Portfolio was rated 5
and 4 stars against 629 and 429 funds in the category for
the three-year period, respectively.
AllianceBernstein Investments, Inc. (ABI) is the distributor
of the AB family of mutual funds. ABI is a member of
FINRA and is an affiliate of AllianceBernstein L.P., the
manager of the funds. 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.
© 2017 AllianceBernstein L.P.
Investment Products Offered:
* Are Not FDIC Insured * May Lose Value
* Are Not Bank Guaranteed


http://www.ABFUNDS.COM http://www.abfunds.com

Table of Contents for the Digital Edition of Morningstar Magazine - June/July 2017

Contents
Morningstar Magazine - June/July 2017 - Cover1
Morningstar Magazine - June/July 2017 - Cover2
Morningstar Magazine - June/July 2017 - 1
Morningstar Magazine - June/July 2017 - 2
Morningstar Magazine - June/July 2017 - Contents
Morningstar Magazine - June/July 2017 - 4
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