Morningstar Magazine - October/November 2017 - Cover3

TALKING TO YOUR CLIENTS ABOUT
HIGHLY-RATED SOLUTIONS?
AB Intermediate Diversified
Municipal Portfolio (AIDYX)

AB Global Bond Fund
(ANAYX)

AB Concentrated Growth Fund
(WPSGX)

Rated Against 176 Muni National Short Funds

Rated Against 298 World Bond Funds

Rated Against 1,277 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 590 High Yield Bond Funds

Rated Against 1,277 Large Growth Funds

AB National Portfolio
(ALTVX)

AB Income Fund
(ACGYX)

AB Emerging Markets MultiAsset Portfolio (ABYEX)

Rated Against 263 Muni National Interm Funds

Rated Against 856 Intermediate-Term Bond Funds

Rated Against 634 Diversified Emerging Markets Funds

Overall Morningstar Ratings™ Based on Risk-Adjusted Performance for Advisor shares as of 6/30/17.

START WITH AB
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 RiskAdjusted 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.
© 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 Intermediate Diversified Municipal Portfolio was rated 5 stars
among 176, 153 and 92 funds in the category for the three-, fiveand 10-year periods, respectively.
AB High Income Municipal Portfolio was rated 4 stars against 145
and 119 funds in the category, for the three- and five-year periods
respectively.
AB National Portfolio was rated 5 stars against 263, 227 and 154
funds in the category for the three-, five- and 10-year periods,
respectively.
AB Global Bond Fund was rated 5, 4 and 4 stars against 298, 253
and 126 funds in the category for the three-, five- and 10-year
periods, respectively.
AB High Income Fund was rated 5 stars against 590 and 474 funds
in the category, for the three- and five-year periods, respectively.

AB Income Fund was rated 5 stars against 856, 767 and 540 funds
in the category for the three-, five- and 10-year periods, respectively.
AB Concentrated Growth Fund was rated 3, 4 and 4 stars against
1,277, 1,152 and 803 funds in the category for the three-, five- and
10-year periods, respectively.
AB Large Cap Growth Fund was rated 5 stars against 1,277, 1,152
and 803 funds in the category for the three-, five- and 10-year
periods, respectively.
AB Emerging Markets Multi-Asset Portfolio was rated 5 and 4 stars
against 634 and 436 funds in the category for the three- and fiveyear periods, 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 - October/November 2017