FOCUSED ON INVESTOR OUTCOMES At AB, we translate distinctive research insights into active solutions. We're focused on delivering better outcomes for investors. Learn more at 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 a portfolio's holdings rise and fall from day to day, so investments may lose value. 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. © 2019 AllianceBernstein L.P. Investment Products Offered: * Are Not FDIC Insured * May Lose Value * Are Not Bank Guaranteedhttp://www.abfunds.com http://www.abfunds.com