N-Q 1 dnq.htm ALLIANCEBERNSTEIN BLENDED STYLE SERIES, INC AllianceBernstein Blended Style Series, Inc

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number: 811-21081

ALLIANCEBERNSTEIN BLENDED STYLE SERIES, INC.

(Exact name of registrant as specified in charter)

1345 Avenue of the Americas, New York, New York 10105

(Address of principal executive offices) (Zip code)

Joseph J. Mantineo

AllianceBernstein L.P.

1345 Avenue of the Americas

New York, New York 10105

(Name and address of agent for service)

Registrant’s telephone number, including area code: (800) 221-5672

Date of fiscal year end: August 31, 2009

Date of reporting period: May 31, 2009

 

 

 


ITEM 1. SCHEDULE OF INVESTMENTS.


ABBSS-U.S. Large Cap Portfolio

Portfolio of Investments

May 31, 2009 (unaudited)

 

Company

   Shares      U.S. $ Value  

MUTUAL FUNDS - 100.4%

       

The AllianceBernstein Pooling Portfolios - Equity - 100.4%

       

U.S. Large Cap Growth Portfolio

   3,207,673      $ 26,559,531   

U.S. Value Portfolio

   4,085,989        26,599,789   
             

Total Investments - 100.4%
(cost $62,264,616) (a)

          53,159,320   

Other assets less liabilities - (0.4)%

          (234,933
             

Net Assets - 100.0%

        $ 52,924,387   
             

 

(a) As of May 31, 2009, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $0 and gross unrealized depreciation of investments was $(9,105,296), resulting in net unrealized depreciation of $(9,105,296).


FINANCIAL ACCOUNTING STANDARDS NO. 157

May 31, 2009 (unaudited)

 

The Fund adopted Financial Accounting Standards Board (“FASB”) Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”), effective September 1, 2008. In accordance with FAS 157, fair value is defined as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. FAS 157 also establishes a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability. Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Fund. Unobservable inputs reflect the Fund’s own assumptions about the assumptions that market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

 

   

Level 1—quoted prices in active markets for identical investments

   

Level 2—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

   

Level 3—significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

The following table summarizes the valuation of the Fund’s investments by the above fair value hierarchy levels as of
May 31, 2009:

 

Level

   Investments in
Securities
    Other
Financial
Instruments*
 

Level 1

   $     53,159,320      $             – 0  – 

Level 2

     – 0  –      – 0  – 

Level 3

     – 0  –      – 0  – 
                

Total

   $ 53,159,320      $ – 0  – 
                

 

* Other financial instruments are derivative instruments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the instrument.


AllianceBernstein 2000 Retirement Strategy

Portfolio of Investments

May 31, 2009 (unaudited)

 

Company

   Shares      U.S. $ Value

MUTUAL FUNDS - 100.4%

       

The AllianceBernstein Pooling Portfolios - Fixed Income - 52.1%

       

High Yield Portfolio

   93,982      $ 723,661

Inflation Protected Securities Portfolio

   354,440        3,484,144

Intermediate Duration Bond Portfolio

   464,716        4,442,684

Short Duration Bond Portfolio

   425,589        3,868,604
           
          12,519,093
           

The AllianceBernstein Pooling Portfolios - Equity - 48.3%

       

Global Real Estate Investment Portfolio

   399,804        2,578,736

International Growth Portfolio

   180,460        1,371,495

International Value Portfolio

   205,059        1,365,695

Small-Mid Cap Growth Portfolio

   58,369        524,738

Small-Mid Cap Value Portfolio

   74,763        536,799

U.S. Large Cap Growth Portfolio

   313,397        2,594,930

U.S. Value Portfolio

   402,074        2,617,503
           
          11,589,896
           

Total Investments - 100.4%
(cost $25,924,598) (a)

          24,108,989

Other assets less liabilities - (0.4)%

          -90,048
           

Net Assets - 100.0%

        $ 24,018,941
           

 

(a) As of May 31, 2009, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $39,468 and gross unrealized depreciation of investments was $(1,855,077), resulting in net unrealized depreciation of $(1,815,609).

Through its investments in the Underlying Portfolios, the Strategy currently has exposure to investments collateralized by subprime mortgage loans. Subprime loans are offered to homeowners who do not have a history of debt or who have had problems meeting their debt obligations. Because repayment is less certain, subprime borrowers pay a higher rate of interest than prime borrowers. As of May 31, 2009, the Strategy’s total exposure to subprime investments was 1.16% of net assets. These investments are valued in accordance with the Underlying Portfolio’s Valuation Policies.


FINANCIAL ACCOUNTING STANDARDS NO. 157

May 31, 2009 (unaudited)

 

The Strategy adopted Financial Accounting Standards Board (“FASB”) Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”), effective September 1, 2008. In accordance with FAS 157, fair value is defined as the price that the Strategy would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. FAS 157 also establishes a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability. Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Strategy. Unobservable inputs reflect the Strategy’s own assumptions about the assumptions that market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

 

   

Level 1—quoted prices in active markets for identical investments

   

Level 2—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

   

Level 3—significant unobservable inputs (including the Strategy’s own assumptions in determining the fair value of investments)

The following table summarizes the valuation of the Strategy’s investments by the above fair value hierarchy levels as of
May 31, 2009:

 

Level

   Investments in
Securities
    Other
Financial
Instruments*
 

Level 1

   $     24,108,989      $             – 0  – 

Level 2

     – 0  –      – 0  – 

Level 3

     – 0  –      – 0  – 
                

Total

   $ 24,108,989      $ – 0  – 
                

 

* Other financial instruments are derivative instruments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the instrument.


AllianceBernstein 2005 Retirement Strategy

Portfolio of Investments

May 31, 2009 (unaudited)

 

Company

   Shares      U.S. $ Value  

MUTUAL FUNDS - 100.2%

       

The AllianceBernstein Pooling Portfolios - Equity - 58.5%

       

Global Real Estate Investment Portfolio

   669,840      $ 4,320,465   

International Growth Portfolio

   397,752        3,022,914   

International Value Portfolio

   453,785        3,022,210   

Small-Mid Cap Growth Portfolio

   139,793        1,256,737   

Small-Mid Cap Value Portfolio

   182,122        1,307,636   

U.S. Large Cap Growth Portfolio

   666,431        5,518,047   

U.S. Value Portfolio

   850,078        5,534,008   
             
          23,982,017   
             

The AllianceBernstein Pooling Portfolios - Fixed Income - 41.7%

       

High Yield Portfolio

   298,809        2,300,830   

Inflation Protected Securities Portfolio

   590,294        5,802,588   

Intermediate Duration Bond Portfolio

   638,833        6,107,242   

Short Duration Bond Portfolio

   318,892        2,898,733   
             
          17,109,393   
             

Total Investments - 100.2%
(cost $48,378,269) (a)

          41,091,410   

Other assets less liabilities - (0.2)%

          (64,155
             

Net Assets - 100.0%

        $ 41,027,255   
             

 

(a) As of May 31, 2009, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $0 and gross unrealized depreciation of investments was $(7,286,859), resulting in net unrealized depreciation of $(7,286,859).

Through its investments in the Underlying Portfolios, the Strategy currently has exposure to investments collateralized by subprime mortgage loans. Subprime loans are offered to homeowners who do not have a history of debt or who have had problems meeting their debt obligations. Because repayment is less certain, subprime borrowers pay a higher rate of interest than prime borrowers. As of May 31, 2009, the Strategy’s total exposure to subprime investments was 0.59% of net assets. These investments are valued in accordance with the Underlying Portfolio’s Valuation Policies.


FINANCIAL ACCOUNTING STANDARDS NO. 157

May 31, 2009 (unaudited)

 

The Strategy adopted Financial Accounting Standards Board (“FASB”) Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”), effective September 1, 2008. In accordance with FAS 157, fair value is defined as the price that the Strategy would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. FAS 157 also establishes a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability. Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Strategy. Unobservable inputs reflect the Strategy’s own assumptions about the assumptions that market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

 

   

Level 1—quoted prices in active markets for identical investments

   

Level 2—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

   

Level 3—significant unobservable inputs (including the Strategy’s own assumptions in determining the fair value of investments)

The following table summarizes the valuation of the Strategy’s investments by the above fair value hierarchy levels as of
May 31, 2009:

 

Level

   Investments in
Securities
    Other
Financial
Instruments*
 

Level 1

   $     41,091,410      $             – 0  – 

Level 2

     – 0  –      – 0  – 

Level 3

     – 0  –      – 0  – 
                

Total

   $ 41,091,410      $ – 0  – 
                

 

* Other financial instruments are derivative instruments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the instrument.


AllianceBernstein 2010 Retirement Strategy

Portfolio of Investments

May 31, 2009 (unaudited)

 

Company

   Shares      U.S. $ Value

MUTUAL FUNDS - 100.0%

       

The AllianceBernstein Pooling Portfolios - Equity - 67.7%

       

Global Real Estate Investment Portfolio

   2,601,981      $ 16,782,776

International Growth Portfolio

   1,823,911        13,861,723

International Value Portfolio

   2,102,925        14,005,477

Small-Mid Cap Growth Portfolio

   698,984        6,283,869

Small-Mid Cap Value Portfolio

   890,986        6,397,282

U.S. Large Cap Growth Portfolio

   2,965,353        24,553,126

U.S. Value Portfolio

   3,856,183        25,103,754
           
          106,988,007
           

The AllianceBernstein Pooling Portfolios - Fixed Income - 32.3%

       

High Yield Portfolio

   1,497,566        11,531,256

Inflation Protected Securities Portfolio

   1,983,981        19,502,535

Intermediate Duration Bond Portfolio

   2,102,273        20,097,731
           
          51,131,522
           

Total Investments - 100.0%
(cost $206,988,017) (a)

          158,119,529

Other assets less liabilities - 0.0%

          5,159
           

Net Assets - 100.0%

        $ 158,124,688
           

 

(a) As of May 31, 2009, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $0 and gross unrealized depreciation of investments was $(48,868,488), resulting in net unrealized depreciation of $(48,868,488).

Through its investments in the Underlying Portfolios, the Strategy currently has exposure to investments collateralized by subprime mortgage loans. Subprime loans are offered to homeowners who do not have a history of debt or who have had problems meeting their debt obligations. Because repayment is less certain, subprime borrowers pay a higher rate of interest than prime borrowers. As of May 31, 2009, the Strategy’s total exposure to subprime investments was 0.15% of net assets. These investments are valued in accordance with the Underlying Portfolio’s Valuation Policies.


FINANCIAL ACCOUNTING STANDARDS NO. 157

May 31, 2009 (unaudited)

 

The Strategy adopted Financial Accounting Standards Board (“FASB”) Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”), effective September 1, 2008. In accordance with FAS 157, fair value is defined as the price that the Strategy would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. FAS 157 also establishes a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability. Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Strategy. Unobservable inputs reflect the Strategy’s own assumptions about the assumptions that market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

 

   

Level 1—quoted prices in active markets for identical investments

   

Level 2—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

   

Level 3—significant unobservable inputs (including the Strategy’s own assumptions in determining the fair value of investments)

The following table summarizes the valuation of the Strategy’s investments by the above fair value hierarchy levels as of
May 31, 2009:

 

Level

   Investments in
Securities
    Other
Financial
Instruments*
 

Level 1

   $     158,119,529      $             – 0  – 

Level 2

     – 0  –      – 0  – 

Level 3

     – 0  –      – 0  – 
                

Total

   $ 158,119,529      $ – 0  – 
                

 

* Other financial instruments are derivative instruments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the instrument.


AllianceBernstein 2015 Retirement Strategy

Portfolio of Investments

May 31, 2009 (unaudited)

 

Company

   Shares      U.S. $ Value

MUTUAL FUNDS - 99.6%

       

The AllianceBernstein Pooling Portfolios - Equity - 73.8%

       

Global Real Estate Investment Portfolio

   4,211,624      $ 27,164,975

International Growth Portfolio

   3,273,344        24,877,414

International Value Portfolio

   3,838,048        25,561,402

Small-Mid Cap Growth Portfolio

   1,365,739        12,277,990

Small-Mid Cap Value Portfolio

   1,782,495        12,798,316

U.S. Large Cap Growth Portfolio

   5,255,805        43,518,070

U.S. Value Portfolio

   6,773,576        44,095,978
           
          190,294,145
           

The AllianceBernstein Pooling Portfolios - Fixed Income - 25.8%

       

High Yield Portfolio

   2,329,210        17,934,914

Inflation Protected Securities Portfolio

   2,032,515        19,979,626

Intermediate Duration Bond Portfolio

   3,003,346        28,711,984
           
          66,626,524
           

Total Investments - 99.6%
(cost $349,477,819) (a)

          256,920,669

Other assets less liabilities - 0.4%

          1,135,360
           

Net Assets - 100.0%

        $ 258,056,029
           

 

(a) As of May 31, 2009, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $0 and gross unrealized depreciation of investments was $(92,557,150), resulting in net unrealized depreciation of $(92,557,150).

Through its investments in the Underlying Portfolios, the Strategy currently has exposure to investments collateralized by subprime mortgage loans. Subprime loans are offered to homeowners who do not have a history of debt or who have had problems meeting their debt obligations. Because repayment is less certain, subprime borrowers pay a higher rate of interest than prime borrowers. As of May 31, 2009, the Strategy’s total exposure to subprime investments was 0.13% of net assets. These investments are valued in accordance with the Underlying Portfolio’s Valuation Policies.


FINANCIAL ACCOUNTING STANDARDS NO. 157

May 31, 2009 (unaudited)

 

The Strategy adopted Financial Accounting Standards Board (“FASB”) Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”), effective September 1, 2008. In accordance with FAS 157, fair value is defined as the price that the Strategy would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. FAS 157 also establishes a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability. Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Strategy. Unobservable inputs reflect the Strategy’s own assumptions about the assumptions that market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

 

   

Level 1—quoted prices in active markets for identical investments

   

Level 2—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

   

Level 3—significant unobservable inputs (including the Strategy’s own assumptions in determining the fair value of investments)

The following table summarizes the valuation of the Strategy’s investments by the above fair value hierarchy levels as of
May 31, 2009:

 

Level

   Investments in
Securities
    Other
Financial
Instruments*
 

Level 1

   $     256,920,669      $             – 0  – 

Level 2

     – 0  –      – 0  – 

Level 3

     – 0  –      – 0  – 
                

Total

   $ 256,920,669      $ – 0  – 
                

 

* Other financial instruments are derivative instruments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the instrument.


AllianceBernstein 2020 Retirement Strategy

Portfolio of Investments

May 31, 2009 (unaudited)

 

Company

   Shares      U.S. $ Value

MUTUAL FUNDS - 99.6%

       

The AllianceBernstein Pooling Portfolios - Equity - 80.5%

       

Global Real Estate Investment Portfolio

   5,113,328      $ 32,980,962

International Growth Portfolio

   4,448,646        33,809,706

International Value Portfolio

   5,052,495        33,649,614

Small-Mid Cap Growth Portfolio

   1,932,639        17,374,424

Small-Mid Cap Value Portfolio

   2,459,451        17,658,861

U.S. Large Cap Growth Portfolio

   6,913,180        57,241,132

U.S. Value Portfolio

   8,931,611        58,144,786
           
          250,859,485
           

The AllianceBernstein Pooling Portfolios - Fixed Income - 19.1%

       

High Yield Portfolio

   2,832,660        21,811,486

Inflation Protected Securities Portfolio

   946,135        9,300,505

Intermediate Duration Bond Portfolio

   2,956,687        28,265,929
           
          59,377,920
           

Total Investments - 99.6%
(cost $436,903,252) (a)

          310,237,405

Other assets less liabilities - 0.4%

          1,280,604
           

Net Assets - 100.0%

        $ 311,518,009
           

 

(a) As of May 31, 2009, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $0 and gross unrealized depreciation of investments was $(126,665,847), resulting in net unrealized depreciation of $(126,665,847).

Through its investments in the Underlying Portfolios, the Strategy currently has exposure to investments collateralized by subprime mortgage loans. Subprime loans are offered to homeowners who do not have a history of debt or who have had problems meeting their debt obligations. Because repayment is less certain, subprime borrowers pay a higher rate of interest than prime borrowers. As of May 31, 2009, the Strategy’s total exposure to subprime investments was 0.11% of net assets. These investments are valued in accordance with the Underlying Portfolio’s Valuation Policies.


FINANCIAL ACCOUNTING STANDARDS NO. 157

May 31, 2009 (unaudited)

 

The Strategy adopted Financial Accounting Standards Board (“FASB”) Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”), effective September 1, 2008. In accordance with FAS 157, fair value is defined as the price that the Strategy would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. FAS 157 also establishes a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability. Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Strategy. Unobservable inputs reflect the Strategy’s own assumptions about the assumptions that market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

 

   

Level 1—quoted prices in active markets for identical investments

   

Level 2—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

   

Level 3—significant unobservable inputs (including the Strategy’s own assumptions in determining the fair value of investments)

The following table summarizes the valuation of the Strategy’s investments by the above fair value hierarchy levels as of
May 31, 2009:

 

Level

   Investments in
Securities
    Other
Financial
Instruments*
 

Level 1

   $     310,237,405      $             – 0  – 

Level 2

     – 0  –      – 0  – 

Level 3

     – 0  –      – 0  – 
                

Total

   $ 310,237,405      $ – 0  – 
                

 

* Other financial instruments are derivative instruments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the instrument.


AllianceBernstein 2025 Retirement Strategy

Portfolio of Investments

May 31, 2009 (unaudited)

 

Company

   Shares      U.S. $ Value

MUTUAL FUNDS - 99.5%

       

The AllianceBernstein Pooling Portfolios - Equity - 86.4%

       

Global Real Estate Investment Portfolio

   3,867,171      $ 24,943,255

International Growth Portfolio

   3,944,932        29,981,485

International Value Portfolio

   4,501,173        29,977,813

Small-Mid Cap Growth Portfolio

   1,687,821        15,173,509

Small-Mid Cap Value Portfolio

   2,171,432        15,590,885

U.S. Large Cap Growth Portfolio

   6,275,103        51,957,850

U.S. Value Portfolio

   7,987,223        51,996,821
           
          219,621,618
           

The AllianceBernstein Pooling Portfolios - Fixed Income - 13.1%

       

High Yield Portfolio

   2,197,819        16,923,209

Intermediate Duration Bond Portfolio

   1,708,211        16,330,499
           
          33,253,708
           

Total Investments - 99.5%
(cost $360,233,162) (a)

          252,875,326

Other assets less liabilities - 0.5%

          1,175,540
           

Net Assets - 100.0%

        $ 254,050,866
           

 

(a) As of May 31, 2009, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $0 and gross unrealized depreciation of investments was $(107,357,836), resulting in net unrealized depreciation of $(107,357,836).

Through its investments in the Underlying Portfolios, the Strategy currently has exposure to investments collateralized by subprime mortgage loans. Subprime loans are offered to homeowners who do not have a history of debt or who have had problems meeting their debt obligations. Because repayment is less certain, subprime borrowers pay a higher rate of interest than prime borrowers. As of May 31, 2009, the Strategy’s total exposure to subprime investments was 0.08% of net assets. These investments are valued in accordance with the Underlying Portfolio’s Valuation Policies.


FINANCIAL ACCOUNTING STANDARDS NO. 157

May 31, 2009 (unaudited)

 

The Strategy adopted Financial Accounting Standards Board (“FASB”) Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”), effective September 1, 2008. In accordance with FAS 157, fair value is defined as the price that the Strategy would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. FAS 157 also establishes a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability. Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Strategy. Unobservable inputs reflect the Strategy’s own assumptions about the assumptions that market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

 

   

Level 1—quoted prices in active markets for identical investments

   

Level 2—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

   

Level 3—significant unobservable inputs (including the Strategy’s own assumptions in determining the fair value of investments)

The following table summarizes the valuation of the Strategy’s investments by the above fair value hierarchy levels as of
May 31, 2009:

 

Level

   Investments in
Securities
    Other
Financial
Instruments*
 

Level 1

   $     252,875,326      $             – 0  – 

Level 2

     – 0  –      – 0  – 

Level 3

     – 0  –      – 0  – 
                

Total

   $ 252,875,326      $ – 0  – 
                

 

* Other financial instruments are derivative instruments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the instrument.


AllianceBernstein 2030 Retirement Strategy

Portfolio of Investments

May 31, 2009 (unaudited)

 

Company

   Shares      U.S. $ Value

MUTUAL FUNDS - 99.8%

       

The AllianceBernstein Pooling Portfolios - Equity - 90.8%

       

Global Real Estate Investment Portfolio

   2,359,497      $ 15,218,755

International Growth Portfolio

   3,663,870        27,845,414

International Value Portfolio

   4,161,557        27,715,970

Small-Mid Cap Growth Portfolio

   1,677,913        15,084,438

Small-Mid Cap Value Portfolio

   2,086,764        14,982,967

U.S. Large Cap Growth Portfolio

   5,951,527        49,278,644

U.S. Value Portfolio

   7,486,693        48,738,371
           
          198,864,559
           

The AllianceBernstein Pooling Portfolios - Fixed Income - 9.0%

       

High Yield Portfolio

   1,198,172        9,225,924

Intermediate Duration Bond Portfolio

   1,108,504        10,597,294
           
          19,823,218
           

Total Investments - 99.8%
(cost $306,125,826) (a)

          218,687,777

Other assets less liabilities - 0.2%

          434,413
           

Net Assets - 100.0%

        $ 219,122,190
           

 

(a) As of May 31, 2009, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $0 and gross unrealized depreciation of investments was $(87,438,049), resulting in net unrealized depreciation of $(87,438,049).

Through its investments in the Underlying Portfolios, the Strategy currently has exposure to investments collateralized by subprime mortgage loans. Subprime loans are offered to homeowners who do not have a history of debt or who have had problems meeting their debt obligations. Because repayment is less certain, subprime borrowers pay a higher rate of interest than prime borrowers. As of May 31, 2009, the Strategy’s total exposure to subprime investments was 0.06% of net assets. These investments are valued in accordance with the Underlying Portfolio’s Valuation Policies.


FINANCIAL ACCOUNTING STANDARDS NO. 157

May 31, 2009 (unaudited)

 

The Strategy adopted Financial Accounting Standards Board (“FASB”) Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”), effective September 1, 2008. In accordance with FAS 157, fair value is defined as the price that the Strategy would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. FAS 157 also establishes a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability. Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Strategy. Unobservable inputs reflect the Strategy’s own assumptions about the assumptions that market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

 

   

Level 1—quoted prices in active markets for identical investments

   

Level 2—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

   

Level 3—significant unobservable inputs (including the Strategy’s own assumptions in determining the fair value of investments)

The following table summarizes the valuation of the Strategy’s investments by the above fair value hierarchy levels as of
May 31, 2009:

 

Level

   Investments in
Securities
    Other
Financial
Instruments*
 

Level 1

   $     218,687,777      $             – 0  – 

Level 2

     – 0  –      – 0  – 

Level 3

     – 0  –      – 0  – 
                

Total

   $ 218,687,777      $ – 0  – 
                

 

* Other financial instruments are derivative instruments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the instrument.


AllianceBernstein 2035 Retirement Strategy

Portfolio of Investments

May 31, 2009 (unaudited)

 

Company

   Shares      U.S. $ Value

MUTUAL FUNDS - 99.9%

       

The AllianceBernstein Pooling Portfolios - Equity - 95.1%

       

Global Real Estate Investment Portfolio

   1,222,004      $ 7,881,927

International Growth Portfolio

   2,693,807        20,472,935

International Value Portfolio

   3,123,803        20,804,529

Small-Mid Cap Growth Portfolio

   1,222,169        10,987,300

Small-Mid Cap Value Portfolio

   1,578,931        11,336,728

U.S. Large Cap Growth Portfolio

   4,302,836        35,627,481

U.S. Value Portfolio

   5,454,999        35,512,043
           
          142,622,943
           

The AllianceBernstein Pooling Portfolios - Fixed Income - 4.8%

       

Intermediate Duration Bond Portfolio

   749,305        7,163,355
           

Total Investments - 99.9%
(cost $210,807,600) (a)

          149,786,298

Other assets less liabilities - 0.1%

          199,731
           

Net Assets - 100.0%

        $ 149,986,029
           

 

(a) As of May 31, 2009, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $0 and gross unrealized depreciation of investments was $(61,021,302), resulting in net unrealized depreciation of $(61,021,302).

Through its investments in the Underlying Portfolios, the Strategy currently has exposure to investments collateralized by subprime mortgage loans. Subprime loans are offered to homeowners who do not have a history of debt or who have had problems meeting their debt obligations. Because repayment is less certain, subprime borrowers pay a higher rate of interest than prime borrowers. As of May 31, 2009, the Strategy’s total exposure to subprime investments was 0.06% of net assets. These investments are valued in accordance with the Underlying Portfolio’s Valuation Policies.


FINANCIAL ACCOUNTING STANDARDS NO. 157

May 31, 2009 (unaudited)

 

The Strategy adopted Financial Accounting Standards Board (“FASB”) Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”), effective September 1, 2008. In accordance with FAS 157, fair value is defined as the price that the Strategy would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. FAS 157 also establishes a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability. Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Strategy. Unobservable inputs reflect the Strategy’s own assumptions about the assumptions that market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

 

   

Level 1—quoted prices in active markets for identical investments

   

Level 2—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

   

Level 3—significant unobservable inputs (including the Strategy’s own assumptions in determining the fair value of investments)

The following table summarizes the valuation of the Strategy’s investments by the above fair value hierarchy levels as of
May 31, 2009:

 

Level

   Investments in
Securities
    Other
Financial
Instruments*
 

Level 1

   $     149,786,298      $             – 0  – 

Level 2

     – 0  –      – 0  – 

Level 3

     – 0  –      – 0  – 
                

Total

   $ 149,786,298      $ – 0  – 
                

 

* Other financial instruments are derivative instruments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the instrument.


AllianceBernstein 2040 Retirement Strategy

Portfolio of Investments

May 31, 2009 (unaudited)

 

Company

   Shares      U.S. $ Value

MUTUAL FUNDS - 99.9%

       

The AllianceBernstein Pooling Portfolios - Equity - 95.0%

       

Global Real Estate Investment Portfolio

   1,027,866      $ 6,629,734

International Growth Portfolio

   2,268,380        17,239,687

International Value Portfolio

   2,576,671        17,160,631

Small-Mid Cap Growth Portfolio

   1,062,515        9,552,013

Small-Mid Cap Value Portfolio

   1,319,104        9,471,170

U.S. Large Cap Growth Portfolio

   3,674,789        30,427,254

U.S. Value Portfolio

   4,635,730        30,178,601
           
          120,659,090
           

The AllianceBernstein Pooling Portfolios - Fixed Income - 4.9%

       

Intermediate Duration Bond Portfolio

   644,540        6,161,807
           

Total Investments - 99.9%
(cost $170,644,474) (a)

          126,820,897

Other assets less liabilities - 0.1%

          157,829
           

Net Assets - 100.0%

        $ 126,978,726
           

 

(a) As of May 31, 2009, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $0 and gross unrealized depreciation of investments was $(43,823,577), resulting in net unrealized depreciation of $(43,823,577).

Through its investments in the Underlying Portfolios, the Strategy currently has exposure to investments collateralized by subprime mortgage loans. Subprime loans are offered to homeowners who do not have a history of debt or who have had problems meeting their debt obligations. Because repayment is less certain, subprime borrowers pay a higher rate of interest than prime borrowers. As of May 31, 2009, the Strategy’s total exposure to subprime investments was 0.06% of net assets. These investments are valued in accordance with the Underlying Portfolio’s Valuation Policies.


FINANCIAL ACCOUNTING STANDARDS NO. 157

May 31, 2009 (unaudited)

 

The Strategy adopted Financial Accounting Standards Board (“FASB”) Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”), effective September 1, 2008. In accordance with FAS 157, fair value is defined as the price that the Strategy would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. FAS 157 also establishes a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability. Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Strategy. Unobservable inputs reflect the Strategy’s own assumptions about the assumptions that market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

 

   

Level 1—quoted prices in active markets for identical investments

   

Level 2—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

   

Level 3—significant unobservable inputs (including the Strategy’s own assumptions in determining the fair value of investments)

The following table summarizes the valuation of the Strategy’s investments by the above fair value hierarchy levels as of
May 31, 2009:

 

Level

   Investments in
Securities
    Other
Financial
Instruments*
 

Level 1

   $     126,820,897      $             – 0  – 

Level 2

     – 0  –      – 0  – 

Level 3

     – 0  –      – 0  – 
                

Total

   $ 126,820,897      $ – 0  – 
                

 

* Other financial instruments are derivative instruments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the instrument.


AllianceBernstein 2045 Retirement Strategy

Portfolio of Investments

May 31, 2009 (unaudited)

 

Company

   Shares      U.S. $ Value

MUTUAL FUNDS - 99.9%

       

The AllianceBernstein Pooling Portfolios - Equity - 95.0%

       

Global Real Estate Investment Portfolio

   621,359      $ 4,007,764

International Growth Portfolio

   1,396,934        10,616,700

International Value Portfolio

   1,599,244        10,650,964

Small-Mid Cap Growth Portfolio

   644,206        5,791,416

Small-Mid Cap Value Portfolio

   801,814        5,757,024

U.S. Large Cap Growth Portfolio

   2,242,110        18,564,673

U.S. Value Portfolio

   2,843,233        18,509,446
           
          73,897,987
           

The AllianceBernstein Pooling Portfolios - Fixed Income - 4.9%

       

Intermediate Duration Bond Portfolio

   397,419        3,799,329
           

Total Investments - 99.9%
(cost $103,785,008) (a)

          77,697,316

Other assets less liabilities - 0.1%

          96,589
           

Net Assets - 100.0%

        $ 77,793,905
           

 

(a) As of May 31, 2009, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $0 and gross unrealized depreciation of investments was $(26,087,692), resulting in net unrealized depreciation of $(26,087,692).

Through its investments in the Underlying Portfolios, the Strategy currently has exposure to investments collateralized by subprime mortgage loans. Subprime loans are offered to homeowners who do not have a history of debt or who have had problems meeting their debt obligations. Because repayment is less certain, subprime borrowers pay a higher rate of interest than prime borrowers. As of May 31, 2009, the Strategy’s total exposure to subprime investments was 0.06% of net assets. These investments are valued in accordance with the Underlying Portfolio’s Valuation Policies.


FINANCIAL ACCOUNTING STANDARDS NO. 157

May 31, 2009 (unaudited)

 

The Strategy adopted Financial Accounting Standards Board (“FASB”) Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”), effective September 1, 2008. In accordance with FAS 157, fair value is defined as the price that the Strategy would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. FAS 157 also establishes a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability. Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Strategy. Unobservable inputs reflect the Strategy’s own assumptions about the assumptions that market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

 

   

Level 1—quoted prices in active markets for identical investments

   

Level 2—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

   

Level 3—significant unobservable inputs (including the Strategy’s own assumptions in determining the fair value of investments)

The following table summarizes the valuation of the Strategy’s investments by the above fair value hierarchy levels as of
May 31, 2009:

 

Level

   Investments in
Securities
    Other
Financial
Instruments*
 

Level 1

   $     77,697,316      $             – 0  – 

Level 2

     – 0  –      – 0  – 

Level 3

     – 0  –      – 0  – 
                

Total

   $ 77,697,316      $ – 0  – 
                

 

* Other financial instruments are derivative instruments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the instrument.


AllianceBernstein 2050 Retirement Strategy

Portfolio of Investments

May 31, 2009 (unaudited)

 

Company

   Shares      U.S. $ Value

MUTUAL FUNDS - 99.8%

       

The AllianceBernstein Pooling Portfolios - Equity - 94.9%

       

Global Real Estate Investment Portfolio

   66,706      $ 430,257

International Growth Portfolio

   147,421        1,120,402

International Value Portfolio

   168,492        1,122,156

Small-Mid Cap Growth Portfolio

   69,370        623,632

Small-Mid Cap Value Portfolio

   86,255        619,312

U.S. Large Cap Growth Portfolio

   239,777        1,985,350

U.S. Value Portfolio

   304,032        1,979,245
           
          7,880,354
           

The AllianceBernstein Pooling Portfolios - Fixed Income - 4.9%

       

Intermediate Duration Bond Portfolio

   42,902        410,142
           

Total Investments - 99.8%
(cost $7,252,255) (a)

          8,290,496

Other assets less liabilities - 0.2%

          14,379
           

Net Assets - 100.0%

        $ 8,304,875
           

 

(a) As of May 31, 2009, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $1,038,241 and gross unrealized depreciation of investments was $(0), resulting in net unrealized appreciation of $1,038,241.

Through its investments in the Underlying Portfolios, the Strategy currently has exposure to investments collateralized by subprime mortgage loans. Subprime loans are offered to homeowners who do not have a history of debt or who have had problems meeting their debt obligations. Because repayment is less certain, subprime borrowers pay a higher rate of interest than prime borrowers. As of May 31, 2009, the Strategy’s total exposure to subprime investments was 0.06% of net assets. These investments are valued in accordance with the Underlying Portfolio’s Valuation Policies.


FINANCIAL ACCOUNTING STANDARDS NO. 157

May 31, 2009 (unaudited)

 

The Strategy adopted Financial Accounting Standards Board (“FASB”) Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”), effective September 1, 2008. In accordance with FAS 157, fair value is defined as the price that the Strategy would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. FAS 157 also establishes a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability. Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Strategy. Unobservable inputs reflect the Strategy’s own assumptions about the assumptions that market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

 

   

Level 1—quoted prices in active markets for identical investments

   

Level 2—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

   

Level 3—significant unobservable inputs (including the Strategy’s own assumptions in determining the fair value of investments)

The following table summarizes the valuation of the Strategy’s investments by the above fair value hierarchy levels as of
May 31, 2009:

 

Level

   Investments in
Securities
    Other
Financial
Instruments*
 

Level 1

   $     8,290,496      $             – 0  – 

Level 2

     – 0  –      – 0  – 

Level 3

     – 0  –      – 0  – 
                

Total

   $ 8,290,496      $ – 0  – 
                

 

* Other financial instruments are derivative instruments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the instrument.


AllianceBernstein 2055 Retirement Strategy

Portfolio of Investments

May 31, 2009 (unaudited)

 

Company

   Shares      U.S. $ Value

MUTUAL FUNDS - 99.5%

       

The AllianceBernstein Pooling Portfolios - Equity - 94.6%

       

Global Real Estate Investment Portfolio

   16,199      $ 104,486

International Growth Portfolio

   35,698        271,308

International Value Portfolio

   40,678        270,914

Small-Mid Cap Growth Portfolio

   16,960        152,474

Small-Mid Cap Value Portfolio

   21,086        151,400

U.S. Large Cap Growth Portfolio

   58,361        483,230

U.S. Value Portfolio

   73,738        480,034
           
          1,913,846
           

The AllianceBernstein Pooling Portfolios - Fixed Income - 4.9%

       

Intermediate Duration Bond Portfolio

   10,315        98,615
           

Total Investments - 99.5%
(cost $1,927,185) (a)

          2,012,461

Other assets less liabilities - 0.5%

          9,150
           

Net Assets - 100.0%

        $ 2,021,611
           

 

(a) As of May 31, 2009, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $85,276 and gross unrealized depreciation of investments was $(0), resulting in net unrealized appreciation of $85,276.

Through its investments in the Underlying Portfolios, the Strategy currently has exposure to investments collateralized by subprime mortgage loans. Subprime loans are offered to homeowners who do not have a history of debt or who have had problems meeting their debt obligations. Because repayment is less certain, subprime borrowers pay a higher rate of interest than prime borrowers. As of May 31, 2009, the Strategy’s total exposure to subprime investments was 0.06% of net assets. These investments are valued in accordance with the Underlying Portfolio’s Valuation Policies.


FINANCIAL ACCOUNTING STANDARDS NO. 157

May 31, 2009 (unaudited)

 

The Strategy adopted Financial Accounting Standards Board (“FASB”) Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”), effective September 1, 2008. In accordance with FAS 157, fair value is defined as the price that the Strategy would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. FAS 157 also establishes a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability. Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Strategy. Unobservable inputs reflect the Strategy’s own assumptions about the assumptions that market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

 

   

Level 1—quoted prices in active markets for identical investments

   

Level 2—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

   

Level 3—significant unobservable inputs (including the Strategy’s own assumptions in determining the fair value of investments)

The following table summarizes the valuation of the Strategy’s investments by the above fair value hierarchy levels as of
May 31, 2009:

 

Level

   Investments in
Securities
    Other
Financial
Instruments*
 

Level 1

   $     2,012,461      $             – 0  – 

Level 2

     – 0  –      – 0  – 

Level 3

     – 0  –      – 0  – 
                

Total

   $ 2,012,461      $ – 0  – 
                

 

* Other financial instruments are derivative instruments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the instrument.


ITEM 2. CONTROLS AND PROCEDURES.

(a) The registrant’s principal executive officer and principal financial officer have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended) are effective at the reasonable assurance level based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this document.

(b) There were no changes in the registrant’s internal controls over financial reporting that occurred during the second fiscal quarter of the period that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

 

ITEM 3. EXHIBITS.

The following exhibits are attached to this Form N-Q:

 

EXHIBIT NO.

 

DESCRIPTION OF EXHIBIT

3 (a) (1)   Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
3 (a) (2)   Certification of Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant): AllianceBernstein Blended Style Series, Inc.

 

By:   /s/    Robert M. Keith
  Robert M. Keith
  President
Date:   July 23, 2009

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By:   /s/    Robert M. Keith
  Robert M. Keith
  President
Date:   July 23, 2009

 

By:   /s/    Joseph J. Mantineo
  Joseph J. Mantineo
  Treasurer and Chief Financial Officer
Date:   July 23, 2009