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, 2011

Date of reporting period: May 31, 2011

 

 

 


ITEM 1. SCHEDULE OF INVESTMENTS.


AllianceBernstein Blended Style-U.S. Large Cap Portfolio

Portfolio of Investments

May 31, 2011 (unaudited)

 

Company

   Shares        U.S. $ Value  

MUTUAL FUNDS - 100.4%

       

The AllianceBernstein Pooling Portfolios - Equity - 100.4%

       

U.S. Large Cap Growth Portfolio

     1,703,576         $ 20,221,446   

U.S. Value Portfolio

     2,200,134           20,197,232   
             
          40,418,678   
             

Total Investments - 100.4%
(cost $32,741,431) (a)

          40,418,678   

Other assets less liabilities - (0.4)%

          (176,246
             

Net Assets - 100.0%

        $ 40,242,432   
             

 

(a) As of May 31, 2011, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $7,677,247 and gross unrealized depreciation of investments was $(0), resulting in net unrealized appreciation of $7,677,247.


AllianceBernstein Blended Style-U.S. Large Cap Portfolio

May 31, 2011 (unaudited)

In accordance with U.S. GAAP regarding fair value measurements, 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. The U.S. GAAP disclosure requirements establish 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 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, 2011:

 

Investments in Securities

   Level 1      Level 2      Level 3      Total  

Mutual Funds

   $ 40,418,678       $ —         $ —         $ 40,418,678   
                                   


AllianceBernstein Retirement Strategies

2000 Retirement Strategy

Portfolio of Investments

May 31, 2011 (unaudited)

 

Company

   Shares        U.S. $ Value  

MUTUAL FUNDS - 100.6%

       

The AllianceBernstein Pooling Portfolios - Fixed Income - 73.8%

  

Bond Inflation Protection Portfolio (a)

     415,602         $ 4,663,059   

High-Yield Portfolio

     56,148           581,694   

Intermediate Duration Bond Portfolio

     585,576           6,289,086   

Short Duration Bond Portfolio

     658,081           6,317,574   

Volatility Management Portfolio (a)

     460,102           5,171,549   
             
          23,022,962   
             

The AllianceBernstein Pooling Portfolios - Equity - 26.8%

  

International Growth Portfolio (a)

     96,737           904,494   

International Value Portfolio

     108,663           902,991   

Multi-Asset Real Return Portfolio (a)

     227,446           2,224,419   

Small-Mid Cap Growth Portfolio

     19,686           361,832   

Small-Mid Cap Value Portfolio

     29,276           360,089   

U.S. Large Cap Growth Portfolio

     152,609           1,811,467   

U.S. Value Portfolio

     195,630           1,795,880   
             
          8,361,172   
             

Total Investments - 100.6%
(cost $26,793,781) (b)

          31,384,134   

Other assets less liabilities - (0.6)%

          (174,875
             

Net Assets - 100.0%

        $ 31,209,259   
             

 

(a) Non-income producing security.
(b) As of May 31, 2011, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $4,590,353 and gross unrealized depreciation of investments was $(0), resulting in net unrealized appreciation of $4,590,353.


AllianceBernstein 2000 Retirement Strategy

May 31, 2011 (unaudited)

In accordance with U.S. GAAP regarding fair value measurements, 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. The U.S. GAAP disclosure requirements establish 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 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, 2011:

 

Investments in Securities

   Level 1      Level 2      Level 3      Total  

Mutual Funds

   $ 31,384,134       $ —         $ —         $ 31,384,134   
                                   


AllianceBernstein Retirement Strategies

2005 Retirement Strategy

Portfolio of Investments

May 31, 2011 (unaudited)

 

Company

   Shares        U.S. $ Value  

MUTUAL FUNDS - 100.2%

       

The AllianceBernstein Pooling Portfolios - Fixed Income - 66.8%

  

Bond Inflation Protection Portfolio (a)

     477,727         $ 5,360,092   

High-Yield Portfolio

     151,344           1,567,929   

Intermediate Duration Bond Portfolio

     560,385           6,018,537   

Short Duration Bond Portfolio

     418,236           4,015,062   

Volatility Management Portfolio (a)

     624,513           7,019,529   
             
          23,981,149   
             

The AllianceBernstein Pooling Portfolios - Equity - 33.4%

  

International Growth Portfolio (a)

     146,356           1,368,425   

International Value Portfolio

     164,011           1,362,934   

Multi-Asset Real Return Portfolio (a)

     300,558           2,939,457   

Small-Mid Cap Growth Portfolio

     32,119           590,350   

Small-Mid Cap Value Portfolio

     48,123           591,905   

U.S. Large Cap Growth Portfolio

     217,373           2,580,220   

U.S. Value Portfolio

     280,720           2,577,013   
             
          12,010,304   
             

Total Investments - 100.2%
(cost $29,384,031) (b)

          35,991,453   

Other assets less liabilities - (0.2)%

          (85,742
             

Net Assets - 100.0%

        $ 35,905,711   
             

 

(a) Non-income producing security.
(b) As of May 31, 2011, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $6,607,422 and gross unrealized depreciation of investments was $(0), resulting in net unrealized appreciation of $6,607,422.


AllianceBernstein 2005 Retirement Strategy

May 31, 2011 (unaudited)

In accordance with U.S. GAAP regarding fair value measurements, 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. The U.S. GAAP disclosure requirements establish 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 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, 2011:

 

Investments in Securities

   Level 1      Level 2      Level 3      Total  

Mutual Funds

   $ 35,991,453       $ —         $ —         $ 35,991,453   
                                   


AllianceBernstein Retirement Strategies

2010 Retirement Strategy

Portfolio of Investments

May 31, 2011 (unaudited)

 

Company

   Shares        U.S. $ Value  

MUTUAL FUNDS - 100.1%

       

The AllianceBernstein Pooling Portfolios - Fixed Income - 57.8%

       

Bond Inflation Protection Portfolio (a)

     2,088,015         $ 23,427,534   

High-Yield Portfolio

     1,049,034           10,867,991   

Intermediate Duration Bond Portfolio

     2,212,518           23,762,440   

Short Duration Bond Portfolio

     338,460           3,249,217   

Volatility Management Portfolio (a)

     2,965,102           33,327,749   
             
          94,634,931   
             

The AllianceBernstein Pooling Portfolios - Equity - 42.3%

       

International Growth Portfolio (a)

     917,930           8,582,646   

International Value Portfolio

     1,027,178           8,535,848   

Multi-Asset Real Return Portfolio (a)

     1,303,423           12,747,479   

Small-Mid Cap Growth Portfolio

     211,671           3,890,516   

Small-Mid Cap Value Portfolio

     315,177           3,876,679   

U.S. Large Cap Growth Portfolio

     1,332,677           15,818,871   

U.S. Value Portfolio

     1,718,513           15,775,946   
             
          69,227,985   
             

Total Investments - 100.1%
(cost $134,959,370) (b)

          163,862,916   

Other assets less liabilities - (0.1)%

          (242,259
             

Net Assets - 100.0%

        $ 163,620,657   
             

 

(a) Non-income producing security.
(b) As of May 31, 2011, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $28,903,546 and gross unrealized depreciation of investments was $(0), resulting in net unrealized appreciation of $28,903,546.


AllianceBernstein 2010 Retirement Strategy

May 31, 2011 (unaudited)

In accordance with U.S. GAAP regarding fair value measurements, 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. The U.S. GAAP disclosure requirements establish 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 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, 2011:

 

Investments in Securities

   Level 1      Level 2      Level 3      Total  

Mutual Funds

   $ 163,862,916       $ —         $ —         $ 163,862,916   
                                   


AllianceBernstein Retirement Strategies

2015 Retirement Strategy

Portfolio of Investments

May 31, 2011 (unaudited)

 

Company

   Shares        U.S. $ Value  

MUTUAL FUNDS - 100.2%

       

The AllianceBernstein Pooling Portfolios - Fixed Income - 50.5%

       

Bond Inflation Protection Portfolio (a)

     3,056,741         $ 34,296,634   

High-Yield Portfolio

     2,288,343           23,707,230   

Intermediate Duration Bond Portfolio

     3,869,615           41,559,670   

Volatility Management Portfolio (a)

     5,931,518           66,670,264   
             
          166,233,798   
             

The AllianceBernstein Pooling Portfolios - Equity - 49.7%

       

International Growth Portfolio (a)

     2,234,853           20,895,879   

International Value Portfolio

     2,466,141           20,493,631   

Multi-Asset Real Return Portfolio (a)

     2,675,800           26,169,327   

Small-Mid Cap Growth Portfolio

     579,122           10,644,259   

Small-Mid Cap Value Portfolio

     858,768           10,562,852   

U.S. Large Cap Growth Portfolio

     3,160,219           37,511,795   

U.S. Value Portfolio

     4,053,245           37,208,786   
             
          163,486,529   
             

Total Investments - 100.2%
(cost $273,938,775) (b)

          329,720,327   

Other assets less liabilities - (0.2)%

          (793,365
             

Net Assets - 100.0%

        $ 328,926,962   
             

 

(a) Non-income producing security.
(b) As of May 31, 2011, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $55,781,552 and gross unrealized depreciation of investments was $(0), resulting in net unrealized appreciation of $55,781,552.


AllianceBernstein 2015 Retirement Strategy

May 31, 2011 (unaudited)

In accordance with U.S. GAAP regarding fair value measurements, 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. The U.S. GAAP disclosure requirements establish 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 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, 2011:

 

Investments in Securities

   Level 1      Level 2      Level 3      Total  

Mutual Funds

   $ 329,720,327       $ —         $ —         $ 329,720,327   
                                   


AllianceBernstein Retirement Strategies

2020 Retirement Strategy

Portfolio of Investments

May 31, 2011 (unaudited)

 

Company

   Shares        U.S. $ Value  

MUTUAL FUNDS - 100.3%

       

The AllianceBernstein Pooling Portfolios - Equity - 57.2%

       

International Growth Portfolio (a)

     3,377,950         $ 31,583,833   

International Value Portfolio

     3,783,099           31,437,551   

Multi-Asset Real Return Portfolio (a)

     3,738,892           36,566,358   

Small-Mid Cap Growth Portfolio

     948,988           17,442,397   

Small-Mid Cap Value Portfolio

     1,421,887           17,489,208   

U.S. Large Cap Growth Portfolio

     4,769,354           56,612,231   

U.S. Value Portfolio

     6,137,681           56,343,916   
             
          247,475,494   
             

The AllianceBernstein Pooling Portfolios - Fixed Income - 43.1%

       

Bond Inflation Protection Portfolio (a)

     2,018,513           22,647,717   

High-Yield Portfolio

     2,954,325           30,606,807   

Intermediate Duration Bond Portfolio

     4,240,353           45,541,391   

Volatility Management Portfolio (a)

     7,814,199           87,831,601   
             
          186,627,516   
             

Total Investments - 100.3%
(cost $365,559,022) (b)

          434,103,010   

Other assets less liabilities - (0.3)%

          (1,402,554
             

Net Assets - 100.0%

        $ 432,700,456   
             

 

(a) Non-income producing security.
(b) As of May 31, 2011, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $68,543,988 and gross unrealized depreciation of investments was $(0), resulting in net unrealized appreciation of $68,543,988.


AllianceBernstein 2020 Retirement Strategy

May 31, 2011 (unaudited)

In accordance with U.S. GAAP regarding fair value measurements, 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. The U.S. GAAP disclosure requirements establish 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 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, 2011:

 

Investments in Securities

   Level 1      Level 2      Level 3      Total  

Mutual Funds

   $ 434,103,010       $ —         $ —         $ 434,103,010   
                                   


AllianceBernstein Retirement Strategies

2025 Retirement Strategy

Portfolio of Investments

May 31, 2011 (unaudited)

 

Company

   Shares        U.S. $ Value  

MUTUAL FUNDS - 100.3%

       

The AllianceBernstein Pooling Portfolios - Equity - 66.2%

       

International Growth Portfolio (a)

     3,359,519         $ 31,411,502   

International Value Portfolio

     3,733,336           31,024,020   

Multi-Asset Real Return Portfolio (a)

     2,965,476           29,002,359   

Small-Mid Cap Growth Portfolio

     949,897           17,459,110   

Small-Mid Cap Value Portfolio

     1,408,709           17,327,123   

U.S. Large Cap Growth Portfolio

     4,660,398           55,318,924   

U.S. Value Portfolio

     5,977,468           54,873,157   
             
          236,416,195   
             

The AllianceBernstein Pooling Portfolios - Fixed Income - 34.1%

       

Bond Inflation Protection Portfolio (a)

     280,689           3,149,334   

High-Yield Portfolio

     2,447,095           25,351,909   

Intermediate Duration Bond Portfolio

     2,622,681           28,167,589   

Volatility Management Portfolio (a)

     5,810,580           65,310,916   
             
          121,979,748   
             

Total Investments - 100.3%
(cost $301,862,735) (b)

          358,395,943   

Other assets less liabilities - (0.3)%

          (903,463
             

Net Assets - 100.0%

        $ 357,492,480   
             

 

(a) Non-income producing security.
(b) As of May 31, 2011, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $56,533,208 and gross unrealized depreciation of investments was $(0), resulting in net unrealized appreciation of $56,533,208.


AllianceBernstein 2025 Retirement Strategy

May 31, 2011 (unaudited)

In accordance with U.S. GAAP regarding fair value measurements, 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. The U.S. GAAP disclosure requirements establish 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 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, 2011:

 

Investments in Securities

   Level 1      Level 2      Level 3      Total  

Mutual Funds

   $ 358,395,943       $ —         $ —         $ 358,395,943   
                                   


AllianceBernstein Retirement Strategies

2030 Retirement Strategy

Portfolio of Investments

May 31, 2011 (unaudited)

 

Company

   Shares        U.S. $ Value  

MUTUAL FUNDS - 100.6%

       

The AllianceBernstein Pooling Portfolios - Equity - 75.4%

       

International Growth Portfolio (a)

     3,559,150         $ 33,278,053   

International Value Portfolio

     3,953,888           32,856,804   

Multi-Asset Real Return Portfolio (a)

     2,077,329           20,316,276   

Small-Mid Cap Growth Portfolio

     978,535           17,985,478   

Small-Mid Cap Value Portfolio

     1,451,131           17,848,909   

U.S. Large Cap Growth Portfolio

     4,834,334           57,383,546   

U.S. Value Portfolio

     6,203,890           56,951,712   
             
          236,620,778   
             

The AllianceBernstein Pooling Portfolios - Fixed Income - 25.2%

       

High-Yield Portfolio

     1,704,999           17,663,784   

Intermediate Duration Bond Portfolio

     1,649,237           17,712,808   

Volatility Management Portfolio (a)

     3,893,697           43,765,157   
             
          79,141,749   
             

Total Investments - 100.6%
(cost $262,691,650) (b)

          315,762,527   

Other assets less liabilities - (0.6)%

          (1,867,809
             

Net Assets - 100.0%

        $ 313,894,718   
             

 

(a) Non-income producing security.
(b) As of May 31, 2011, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $53,070,877 and gross unrealized depreciation of investments was $(0), resulting in net unrealized appreciation of $53,070,877.


AllianceBernstein 2030 Retirement Strategy

May 31, 2011 (unaudited)

In accordance with U.S. GAAP regarding fair value measurements, 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. The U.S. GAAP disclosure requirements establish 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 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, 2011:

 

Investments in Securities

   Level 1      Level 2      Level 3      Total  

Mutual Funds

   $ 315,762,527       $ —         $ —         $ 315,762,527   
                                   


AllianceBernstein Retirement Strategies

2035 Retirement Strategy

Portfolio of Investments

May 31, 2011 (unaudited)

 

Company

   Shares        U.S. $ Value  

MUTUAL FUNDS - 100.5%

       

The AllianceBernstein Pooling Portfolios - Equity - 83.6%

       

International Growth Portfolio (a)

     2,762,602         $ 25,830,330   

International Value Portfolio

     3,098,246           25,746,428   

Multi-Asset Real Return Portfolio (a)

     1,238,027           12,107,902   

Small-Mid Cap Growth Portfolio

     776,450           14,271,147   

Small-Mid Cap Value Portfolio

     1,155,392           14,211,318   

U.S. Large Cap Growth Portfolio

     3,808,787           45,210,307   

U.S. Value Portfolio

     4,871,406           44,719,504   
             
          182,096,936   
             

The AllianceBernstein Pooling Portfolios - Fixed Income - 16.9%

       

High-Yield Portfolio

     263,430           2,729,131   

Intermediate Duration Bond Portfolio

     1,000,791           10,748,496   

Volatility Management Portfolio (a)

     2,068,483           23,249,752   
             
          36,727,379   
             

Total Investments - 100.5%
(cost $183,380,195) (b)

          218,824,315   

Other assets less liabilities - (0.5)%

          (1,021,050
             

Net Assets - 100.0%

        $ 217,803,265   
             

 

(a) Non-income producing security.
(b) As of May 31, 2011, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $35,444,120 and gross unrealized depreciation of investments was $(0), resulting in net unrealized appreciation of $35,444,120.


AllianceBernstein 2035 Retirement Strategy

May 31, 2011 (unaudited)

In accordance with U.S. GAAP regarding fair value measurements, 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. The U.S. GAAP disclosure requirements establish 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 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, 2011:

 

Investments in Securities

   Level 1      Level 2      Level 3      Total  

Mutual Funds

   $ 218,824,315       $ —         $ —         $ 218,824,315   
                                   


AllianceBernstein Retirement Strategies

2040 Retirement Strategy

Portfolio of Investments

May 31, 2011 (unaudited)

 

Company

   Shares        U.S. $ Value  

MUTUAL FUNDS - 100.5%

       

The AllianceBernstein Pooling Portfolios - Equity - 89.3%

       

International Growth Portfolio (a)

     2,485,963         $ 23,243,751   

International Value Portfolio

     2,795,842           23,233,446   

Multi-Asset Real Return Portfolio (a)

     943,995           9,232,275   

Small-Mid Cap Growth Portfolio

     695,544           12,784,096   

Small-Mid Cap Value Portfolio

     1,029,595           12,664,025   

U.S. Large Cap Growth Portfolio

     3,457,110           41,035,900   

U.S. Value Portfolio

     4,443,444           40,790,813   
             
          162,984,306   
             

The AllianceBernstein Pooling Portfolios - Fixed Income - 11.2%

       

Intermediate Duration Bond Portfolio

     841,625           9,039,047   

Volatility Management Portfolio (a)

     1,017,106           11,432,274   
             
          20,471,321   
             

Total Investments - 100.5%
(cost $148,193,424) (b)

          183,455,627   

Other assets less liabilities - (0.5)%

          (968,795
             

Net Assets - 100.0%

        $ 182,486,832   
             

 

(a) Non-income producing security.
(b) As of May 31, 2011, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $35,262,203 and gross unrealized depreciation of investments was $(0), resulting in net unrealized appreciation of $35,262,203.


AllianceBernstein 2040 Retirement Strategy

May 31, 2011 (unaudited)

In accordance with U.S. GAAP regarding fair value measurements, 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. The U.S. GAAP disclosure requirements establish 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 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, 2011:

 

Investments in Securities

   Level 1      Level 2      Level 3      Total  

Mutual Funds

   $ 183,455,627       $ —         $ —         $ 183,455,627   
                                   


AllianceBernstein Retirement Strategies

2045 Retirement Strategy

Portfolio of Investments

May 31, 2011 (unaudited)

 

Company

   Shares        U.S. $ Value  

MUTUAL FUNDS - 100.6%

       

The AllianceBernstein Pooling Portfolios - Equity - 94.3%

       

International Growth Portfolio (a)

     1,803,926         $ 16,866,709   

International Value Portfolio

     2,026,300           16,838,550   

Multi-Asset Real Return Portfolio (a)

     653,301           6,389,289   

Small-Mid Cap Growth Portfolio

     506,294           9,305,677   

Small-Mid Cap Value Portfolio

     751,313           9,241,151   

U.S. Large Cap Growth Portfolio

     2,510,791           29,803,090   

U.S. Value Portfolio

     3,221,452           29,572,930   
             
          118,017,396   
             

The AllianceBernstein Pooling Portfolios - Fixed Income - 6.3%

       

Intermediate Duration Bond Portfolio

     581,837           6,248,926   

Volatility Management Portfolio (a)

     139,748           1,570,768   
             
          7,819,694   
             

Total Investments - 100.6%
(cost $102,255,170) (b)

          125,837,090   

Other assets less liabilities - (0.6)%

          (718,894
             

Net Assets - 100.0%

        $ 125,118,196   
             

 

(a) Non-income producing security.
(b) As of May 31, 2011, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $23,581,920 and gross unrealized depreciation of investments was $(0), resulting in net unrealized appreciation of $23,581,920.


AllianceBernstein 2045 Retirement Strategy

May 31, 2011 (unaudited)

In accordance with U.S. GAAP regarding fair value measurements, 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. The U.S. GAAP disclosure requirements establish 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 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, 2011:

 

Investments in Securities

   Level 1      Level 2      Level 3      Total  

Mutual Funds

   $ 125,837,090       $ —         $ —         $ 125,837,090   
                                   


AllianceBernstein Retirement Strategies

2050 Retirement Strategy

Portfolio of Investments

May 31, 2011 (unaudited)

 

Company

   Shares        U.S. $ Value  

MUTUAL FUNDS - 100.3%

       

The AllianceBernstein Pooling Portfolios - Equity - 95.4%

       

International Growth Portfolio (a)

     339,893         $ 3,177,997   

International Value Portfolio

     382,257           3,176,557   

Multi-Asset Real Return Portfolio (a)

     120,705           1,180,493   

Small-Mid Cap Growth Portfolio

     95,184           1,749,485   

Small-Mid Cap Value Portfolio

     142,384           1,751,315   

U.S. Large Cap Growth Portfolio

     472,636           5,610,190   

U.S. Value Portfolio

     610,409           5,603,557   
             
          22,249,594   
             

The AllianceBernstein Pooling Portfolios - Fixed Income - 4.9%

       

Intermediate Duration Bond Portfolio

     107,459           1,154,112   
             

Total Investments - 100.3%
(cost $17,975,149) (b)

          23,403,706   

Other assets less liabilities - (0.3)%

          (68,625
             

Net Assets - 100.0%

        $ 23,335,081   
             

 

(a) Non-income producing security.
(b) As of May 31, 2011, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $5,428,557 and gross unrealized depreciation of investments was $(0), resulting in net unrealized appreciation of $5,428,557.


AllianceBernstein 2050 Retirement Strategy

May 31, 2011 (unaudited)

In accordance with U.S. GAAP regarding fair value measurements, 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. The U.S. GAAP disclosure requirements establish 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 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, 2011:

 

Investments in Securities

   Level 1      Level 2      Level 3      Total  

Mutual Funds

   $ 23,403,706       $ —         $ —         $ 23,403,706   
                                   


AllianceBernstein Retirement Strategies

2055 Retirement Strategy

Portfolio of Investments

May 31, 2011 (unaudited)

 

Company

   Shares        U.S. $ Value  

MUTUAL FUNDS - 103.5%

       

The AllianceBernstein Pooling Portfolios - Equity - 98.4%

       

International Growth Portfolio (a)

     80,833         $ 755,792   

International Value Portfolio

     90,950           755,794   

Multi-Asset Real Return Portfolio (a)

     28,403           277,779   

Small-Mid Cap Growth Portfolio

     22,637           416,076   

Small-Mid Cap Value Portfolio

     33,859           416,465   

U.S. Large Cap Growth Portfolio

     112,295           1,332,936   

U.S. Value Portfolio

     144,961           1,330,739   
             
          5,285,581   
             

The AllianceBernstein Pooling Portfolios - Fixed Income - 5.1%

       

Intermediate Duration Bond Portfolio

     25,493           273,797   
             

Total Investments - 103.5%
(cost $4,625,976) (b)

          5,559,378   

Other assets less liabilities - (3.5)%

          (188,241
             

Net Assets - 100.0%

        $ 5,371,137   
             

 

(a) Non-income producing security.
(b) As of May 31, 2011, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $933,402 and gross unrealized depreciation of investments was $(0), resulting in net unrealized appreciation of $933,402.


AllianceBernstein 2055 Retirement Strategy

May 31, 2011 (unaudited)

In accordance with U.S. GAAP regarding fair value measurements, 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. The U.S. GAAP disclosure requirements establish 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 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, 2011:

 

Investments in Securities

   Level 1      Level 2      Level 3      Total  

Mutual Funds

   $ 5,559,378       $ —         $ —         $ 5,559,378   
                                   


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 25, 2011

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 25, 2011
By:   /s/    Joseph J. Mantineo
  Joseph J. Mantineo
  Treasurer and Chief Financial Officer
Date:   July 25, 2011