497 1 d580851d497.htm AB FUNDS SUPPLEMENT AB Funds Supplement

SUP-MULTI-0518

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AB Bond Funds (“Bond Funds”)

  - AB Global Bond Fund
  - AB High Income Fund
  - AB Income Fund
  - AB Intermediate Bond Portfolio
  - AB Limited Duration High Income Portfolio
  - AB Tax-Aware Fixed Income Portfolio
  - AB Unconstrained Bond Fund

AB Emerging Markets Multi-Asset Portfolio (“EMMA”)

AB Equity Funds (“Equity Funds”)

  - AB Growth Fund
  - AB Large Cap Growth Fund
  - AB Concentrated Growth Fund
  - AB Concentrated International Growth Portfolio
  - AB Discovery Growth Fund
  - AB Small Cap Growth Portfolio
  - AB Global Core Equity Portfolio
  - AB Sustainable Global Thematic Fund
  - AB Sustainable International Thematic Fund
  - AB International Strategic Core Portfolio
  - AB Select US Equity Portfolio
  - AB Select US Long/Short Portfolio

AB Government Money Market Portfolio (“Government Money Market”)

AB Inflation Strategies (“Inflation Strategies”)

  - AB Bond Inflation Strategy
  - AB Municipal Bond Inflation Strategy
  - AB All Market Real Return Portfolio

AB Multi-Manager Select Retirement Funds (“Select Retirement Funds”)

  - AB Multi-Manager Select Retirement Allocation Fund
  - AB Multi-Manager Select 2010 Fund
  - AB Multi-Manager Select 2015 Fund
  - AB Multi-Manager Select 2020 Fund
  - AB Multi-Manager Select 2025 Fund
  - AB Multi-Manager Select 2030 Fund
  - AB Multi-Manager Select 2035 Fund
  - AB Multi-Manager Select 2040 Fund
  - AB Multi-Manager Select 2045 Fund
  - AB Multi-Manager Select 2050 Fund
  - AB Multi-Manager Select 2055 Fund

AB Municipal Income Portfolios (“Municipal Portfolios”)

  - AB National Portfolio
  - AB High Income Municipal Portfolio
  - AB Arizona Portfolio
  - AB California Portfolio
  - AB Massachusetts Portfolio
  - AB Minnesota Portfolio
  - AB New Jersey Portfolio
  - AB New York Portfolio
  - AB Ohio Portfolio
  - AB Pennsylvania Portfolio
  - AB Virginia Portfolio

AB Value Funds (“Value Funds”)

  - AB All Market Income Portfolio
  - AB Core Opportunities Fund
  - AB Discovery Value Fund
  - AB Equity Income Fund
  - AB Global Real Estate Investment Fund
  - AB Global Risk Allocation Fund
  - AB Relative Value Fund
  - AB International Value Fund
  - AB Small Cap Value Portfolio
  - AB Value Fund

AB Wealth Strategies (“Wealth Strategies”)

  - AB Wealth Appreciation Strategy
  - AB All Market Total Return Portfolio
  - AB Conservative Wealth Strategy
  - AB Tax-Managed Wealth Appreciation Strategy
  - AB Tax-Managed All Market Income Portfolio

Sanford C. Bernstein Fund, Inc. (“Bernstein Funds”)

  - AB International Portfolio
  - AB Intermediate California Municipal Portfolio
  - AB Intermediate Diversified Municipal Portfolio
  - AB Intermediate New York Municipal Portfolio
  - AB Short Duration Portfolio
  - AB Tax-Managed International Portfolio
 

 

Each of the funds listed above is hereinafter referred to as a “Fund” or, collectively, the “Funds”.

 

 

Supplement dated May 4, 2018 to the following Prospectuses, as amended:

 

Prospectus

   

Date

Bernstein Funds    January 26, 2018
Bond Funds    January 31, 2018
EMMA    July 31, 2017
Equity Funds    October 31, 2017
Government Money Market    August 31, 2017

Prospectus

   

Date

Inflation Strategies    January 31, 2018
Municipal Portfolios    September 29, 2017
Select Retirement Funds    November 30, 2017
Value Funds    February 28, 2018
Wealth Strategies    December 29, 2017
 

 

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For each Fund, the following is added to the end of “Appendix [B/C] — Financial Intermediary Waivers” of the Prospectus:

Waivers Specific to Morgan Stanley

 

Effective July 1, 2018, shareholders purchasing Fund shares through a Morgan Stanley Wealth Management transactional brokerage account will be eligible only for the following front-end sales charge waivers with respect to Class A shares, which may differ from and may be more limited than those disclosed elsewhere in this Fund’s Prospectus or SAI.

 

  •  

Employer-sponsored retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans). For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs, SAR-SEPs or Keogh plans

 

  •  

Morgan Stanley employee and employee-related accounts according to Morgan Stanley’s account linking rules

 

  •  

Shares purchased through reinvestment of dividends and capital gains distributions when purchasing shares of the same fund

 

  •  

Shares purchased through a Morgan Stanley self-directed brokerage account

 

  •  

Class C (i.e., level-load) shares that are no longer subject to a contingent deferred sales charge and are converted to Class A shares of the same fund pursuant to Morgan Stanley Wealth Management’s share class conversion program

 

  •  

Shares purchased from the proceeds of redemptions within the same fund family, provided (i) the repurchase occurs within 90 days following the redemption, (ii) the redemption and purchase occur in the same account, and (iii) redeemed shares were subject to a front-end or deferred sales charge

Waivers Specific to Ameriprise Financial

 

The following information applies to Class A shares purchases if you have an account with or otherwise purchase Fund shares through Ameriprise Financial:

Effective June 1, 2018, shareholders purchasing Fund shares through an Ameriprise Financial platform or account will be eligible for the following front-end sales charge waivers and discounts, which may differ from those disclosed elsewhere in this Fund’s prospectus or SAI:

 

  •  

Employer-sponsored retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans). For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs or SAR-SEPs

 

  •  

Shares purchased through an Ameriprise Financial investment advisory program (if an advisory or similar share class for such investment advisory program is not available)

 

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  •  

Shares purchased by third-party investment advisors on behalf of their advisory clients through Ameriprise Financial’s platform (if an advisory or similar share class for such investment advisory program is not available)

 

  •  

Shares purchased through reinvestment of distributions and dividend reinvestment when purchasing shares of the same fund (but not any other fund within same fund family)

 

  •  

Shares exchanged from Class C shares of the same fund in the month of or following the 10-year anniversary of the purchase date. To the extent that this prospectus elsewhere provides for a waiver with respect to such shares following a shorter holding period, that waiver will apply to exchanges following such shorter period. To the extent that this prospectus elsewhere provides for a waiver with respect to exchanges of Class C shares for load waived shares, that waiver will also apply to such exchanges

 

  •  

Employees and registered representatives of Ameriprise Financial or its affiliates and their immediate family members

 

  •  

Shares purchased by or through qualified accounts (including IRAs, Coverdell Education Savings Accounts, 401(k)s, 403(b) TSCAs subject to ERISA and defined benefit plans) that are held by a covered family member, defined as an Ameriprise financial advisor and/or the advisor’s spouse, advisor’s lineal ascendant (mother, father, grandmother, grandfather, great grandmother, great grandfather), advisor’s lineal descendant (son, step-son, daughter, step-daughter, grandson, granddaughter, great grandson, great granddaughter) or any spouse of a covered family member who is a lineal descendant

 

  •  

Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (i.e., Rights of Reinstatement)

*        *        *         *        *

This Supplement should be read in conjunction with the Prospectuses for the Funds.

You should retain this Supplement with your Prospectus(es) for future reference.

 

 

The [A/B] Logo is a service mark of AllianceBernstein and AllianceBernstein® is a registered trademark used by permission of the owner, AllianceBernstein L.P.

 

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