0000919574-18-006046.txt : 20180907 0000919574-18-006046.hdr.sgml : 20180907 20180907142233 ACCESSION NUMBER: 0000919574-18-006046 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20180907 DATE AS OF CHANGE: 20180907 EFFECTIVENESS DATE: 20180907 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AB VARIABLE PRODUCTS SERIES FUND, INC. CENTRAL INDEX KEY: 0000825316 IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-18647 FILM NUMBER: 181059740 BUSINESS ADDRESS: STREET 1: ALLIANCEBERNSTEIN LP STREET 2: 1345 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10105 BUSINESS PHONE: 2129691000 MAIL ADDRESS: STREET 1: ALLIANCEBERNSTEIN LP STREET 2: 1345 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10105 FORMER COMPANY: FORMER CONFORMED NAME: ALLIANCEBERNSTEIN VARIABLE PRODUCTS SERIES FUND INC DATE OF NAME CHANGE: 19920703 0000825316 S000010429 AB International Growth Portfolio C000028824 Class A C000028825 Class B 0000825316 S000010435 AB Small Cap Growth Portfolio C000028836 Class A C000028837 Class B 0000825316 S000010447 AB Global Thematic Growth Portfolio C000028860 Class A C000028861 Class B 497 1 d7960782_497.htm

 

 

AB VARIABLE PRODUCTS SERIES FUND, INC.

-AB Global Thematic Growth Portfolio

-AB Small Cap Growth Portfolio

-AB International Growth Portfolio

(each, a “Portfolio”, and together, the “Portfolios”)

 

 

 

Supplement dated September 7, 2018 to the Prospectuses dated May 1, 2018 for AB Variable Products Series Fund, Inc. (the “Prospectuses”), offering Class A and Class B shares of the Portfolios.

 

* * *

 

The Adviser has agreed to waive its management fee and/or to bear certain expenses of each Portfolio as set forth below. Effective September 4, 2018, the following replaces the “Annual Portfolio Operating Expenses” table and the “Examples” section in each Portfolio’s Prospectuses under the heading “Fees and Expenses of the Portfolio.”

 

AB Global Thematic Growth Portfolio

Annual Portfolio Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

       
   Class A  Class B
Management Fees   .75%   .75%
Distribution (12b-1) Fees   None    .25%
Other Expenses:          
Transfer Agent   .01%   .01%
Other Expenses   .26%   .26%
Total Other Expenses   .27%   .27%
Total Portfolio Operating Expenses   1.02%   1.27%
Fee Waiver and/or Expense Reimbursement(a)   (.05)%   (.05)%
Total Portfolio Operating Expenses After Fee Waiver
and/or Expense Reimbursement(b)		   .97%   1.22%

________________________________

(a) The Adviser has contractually agreed to waive its management fee and/or to bear expenses of the Portfolio in order to reduce total Portfolio operating expenses by .05% of the Portfolio’s average daily net assets. The fee waiver and/or expense reimbursement agreement will remain in effect until May 1, 2020 and will be automatically extended for one-year terms unless the Adviser provides notice of termination at least 60 days prior to the end of the period.

(b) Restated to reflect current fee waiver and/or expense reimbursement.

Examples

The Examples are intended to help you compare the cost of investing in the Portfolio with the cost of investing in other mutual funds. The Examples assume that you invest $10,000 in the Portfolio for the time periods indicated and then redeem all of your shares at the end of those periods. The Examples also assume that your investment has a 5% return each year, that the Portfolio’s operating expenses stay the same and that any fee waivers and/or expense reimbursements are in effect through the date indicated above. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

    
   Class A  Class B
After 1 Year  $99   $124 
After 3 Years  $316   $394 
After 5 Years  $555   $689 
After 10 Years  $1,240   $1,526 

 

 

 

 

AB Small Cap Growth Portfolio

Annual Portfolio Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

    
   Class A  Class B
Management Fees   .75%   .75%
Distribution (12b-1) Fees   None    .25%
Other Expenses:          
Transfer Agent   .01%   .01%
Other Expenses   .62%   .61%
Total Other Expenses   .63%   .62%
Total Portfolio Operating Expenses   1.38%   1.62%
Fee Waiver and/or Expense Reimbursement(a)   (.48)%   (.47)%
Total Portfolio Operating Expenses After Fee Waiver
and/or Expense Reimbursement(b)		   .90%   1.15%

____________________________

(a) The Adviser has contractually agreed to waive its management fee and/or to bear expenses of the Portfolio through May 1, 2020 to the extent necessary to prevent total Portfolio operating expenses (excluding expenses associated with acquired fund fees and expenses other than the advisory fees of any AB Mutual Funds in which the Portfolio may invest, interest expense, taxes, extraordinary expenses, and brokerage commissions and other transaction costs), on an annualized basis, from exceeding .90% and 1.15% of average daily net assets, respectively, for Class A and Class B shares. The fee waiver and/or expense reimbursement agreement will be automatically extended for one-year terms unless the Adviser provides notice of termination at least 60 days prior to the end of the period.

(b) Restated to reflect current fee waiver and/or expense reimbursement.

Examples

The Examples are intended to help you compare the cost of investing in the Portfolio with the cost of investing in other mutual funds. The Examples assume that you invest $10,000 in the Portfolio for the time periods indicated and then redeem all of your shares at the end of those periods. The Examples also assume that your investment has a 5% return each year, that the Portfolio’s operating expenses stay the same and that any fee waivers and/or expense reimbursements are in effect through the date indicated above. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

    
   Class A  Class B
After 1 Year  $92   $117 
After 3 Years  $356   $433 
After 5 Years  $677   $806 
After 10 Years  $1,586   $1,854 

 

 

 2

 

AB International Growth Portfolio

Annual Portfolio Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

    
    Class A    Class B 
Management Fees   .75%   .75%
Distribution (12b-1) Fees   None    .25%
Other Expenses:          
Transfer Agent   .01%   .01%
Other Expenses   .48%   .48%
Total Other Expenses   .49%   .49%
Total Portfolio Operating Expenses   1.24%   1.49%
Fee Waiver and/or Expense Reimbursement(a)   (.05)%   (.05)%
Total Portfolio Operating Expenses After Fee Waiver
    and/or Expense Reimbursement(b)		   1.19%   1.44%

_____________________________

(a) The Adviser has contractually agreed to waive its management fee and/or to bear expenses of the Portfolio in order to reduce total Portfolio operating expenses by .05% of the Portfolio’s average daily net assets. The fee waiver and/or expense reimbursement agreement will remain in effect until May 1, 2020 and will be automatically extended for one-year terms unless the Adviser provides notice of termination at least 60 days prior to the end of the period.

(b) Restated to reflect current fee waiver and/or expense reimbursement.

Examples

The Examples are intended to help you compare the cost of investing in the Portfolio with the cost of investing in other mutual funds. The Examples assume that you invest $10,000 in the Portfolio for the time periods indicated and then redeem all of your shares at the end of those periods. The Examples also assume that your investment has a 5% return each year, that the Portfolio’s operating expenses stay the same and that any fee waivers and/or expense reimbursements are in effect through the date indicated above. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

       
    
    Class A    Class B 
After 1 Year  $121   $147 
After 3 Years  $385   $463 
After 5 Years  $673   $805 
After 10 Years  $1,492   $1,772 

 

* * *

 3

 

 

The following information replaces the table in Appendix A of the Portfolios’ Prospectuses under the heading “Hypothetical Investment and Expense Information”

AB Global Thematic Growth Portfolio

Class A

Year  Hypothetical
Investment		  Hypothetical
Performance
Earnings		  Investment
After
Returns		  Hypothetical
Expenses*		  Hypothetical
Ending
Investment
 1   $10,000.00   $500.00   $10,500.00   $101.85   $10,398.15 
 2    10,398.15    519.91    10,918.06    107.73    10,810.33 
 3    10,810.33    540.52    11,350.85    115.78    11,235.07 
 4    11,235.07    561.75    11,796.82    120.33    11,676.49 
 5    11,676.49    583.82    12,260.31    125.06    12,135.25 
 6    12,135.25    606.76    12,742.01    129.97    12,612.04 
 7    12,612.04    630.60    13,242.64    135.07    13,107.57 
 8    13,107.57    655.38    13,762.95    140.38    13,622.57 
 9    13,622.57    681.13    14,303.70    145.90    14,157.80 
 10    14,157.80    707.89    14,865.69    151.63    14,714.06 
 Cumulative        $5,987.76        $1,273.70      

 

Class B

Year  Hypothetical
Investment		  Hypothetical
Performance
Earnings		  Investment
After
Returns		  Hypothetical
Expenses*		  Hypothetical
Ending
Investment
 1   $10,000.00   $500.00   $10,500.00   $128.10   $10,371.90 
 2    10,371.90    518.60    10,890.50    134.68    10,755.82 
 3    10,755.82    537.79    11,293.61    143.43    11,150.18 
 4    11,150.18    557.51    11,707.69    148.69    11,559.00 
 5    11,559.00    577.95    12,136.95    154.14    11,982.81 
 6    11,982.81    599.14    12,581.95    159.79    12,422.16 
 7    12,422.16    621.11    13,043.27    165.65    12,877.62 
 8    12,877.62    643.88    13,521.50    171.72    13,349.78 
 9    13,349.78    667.49    14,017.27    178.02    13,839.25 
 10    13,839.25    691.96    14,531.21    184.55    14,346.66 
 Cumulative        $5,915.43        $1,568.77      

 

AB Small Cap Growth Portfolio

Class A

Year  Hypothetical
Investment		  Hypothetical
Performance
Earnings		  Investment
After
Returns		  Hypothetical
Expenses*		  Hypothetical
Ending
Investment
 1   $10,000.00   $500.00   $10,500.00   $94.50   $10,405.50 
 2    10,405.50    520.28    10,925.78    115.86    10,809.92 
 3    10,809.92    540.50    11,350.42    156.64    11,193.78 
 4    11,193.78    559.69    11,753.47    162.20    11,591.27 
 5    11,591.27    579.56    12,170.83    167.96    12,002.87 
 6    12,002.87    600.14    12,603.01    173.92    12,429.09 
 7    12,429.09    621.45    13,050.54    180.10    12,870.44 
 8    12,870.44    643.52    13,513.96    186.49    13,327.47 
 9    13,327.47    666.37    13,993.84    193.11    13,800.73 
 10    13,800.73    690.04    14,490.77    199.97    14,290.80 
 Cumulative        $5,921.55        $1,630.75      

 

Class B

Year  Hypothetical
Investment		  Hypothetical
Performance
Earnings		  Investment
After
Returns		  Hypothetical
Expenses*		  Hypothetical
Ending
Investment
 1   $10,000.00   $500.00   $10,500.00   $120.75   $10,379.25 
 2    10,379.25    518.96    10,898.21    142.45    10,755.76 
 3    10,755.76    537.79    11,293.55    182.96    11,110.59 
 4    11,110.59    555.53    11,666.12    188.99    11,477.13 
 5    11,477.13    573.86    12,050.99    195.23    11,855.76 
 6    11,855.76    592.79    12,448.55    201.67    12,246.88 
 7    12,246.88    612.34    12,859.22    208.32    12,650.90 
 8    12,650.90    632.55    13,283.45    215.19    13,068.26 
 9    13,068.26    653.41    13,721.67    222.29    13,499.38 
 10    13,499.38    674.97    14,174.35    229.62    13,944.73 
 Cumulative        $5,852.20        $1,907.47      

 

 4

 

AB International Growth Portfolio

Class A

Year  Hypothetical
Investment		  Hypothetical
Performance
Earnings		  Investment
After
Returns		  Hypothetical
Expenses*		  Hypothetical
Ending
Investment
 1   $10,000.00   $500.00   $10,500.00   $124.95   $10,375.05 
 2    10,375.05    518.75    10,893.80    131.46    10,762.34 
 3    10,762.34    538.12    11,300.46    140.13    11,160.33 
 4    11,160.33    558.02    11,718.35    145.31    11,573.04 
 5    11,573.04    578.65    12,151.69    150.68    12,001.01 
 6    12,001.01    600.05    12,601.06    156.25    12,444.81 
 7    12,444.81    622.24    13,067.05    162.03    12,905.02 
 8    12,905.02    645.25    13,550.27    168.02    13,382.25 
 9    13,382.25    669.11    14,051.36    174.24    13,877.12 
 10    13,877.12    693.86    14,570.98    180.68    14,390.30 
 Cumulative        $5,924.05        $1,533.75      

Class B

Year  Hypothetical
Investment		  Hypothetical
Performance
Earnings		  Investment
After
Returns		  Hypothetical
Expenses*		  Hypothetical
Ending
Investment
 1   $10,000.00   $500.00   $10,500.00   $151.20   $10,348.80 
 2    10,348.80    517.44    10,866.24    158.29    10,707.95 
 3    10,707.95    535.40    11,243.35    167.53    11,075.82 
 4    11,075.82    553.79    11,629.61    173.28    11,456.33 
 5    11,456.33    572.82    12,029.15    179.23    11,849.92 
 6    11,849.92    592.50    12,442.42    185.39    12,257.03 
 7    12,257.03    612.85    12,869.88    191.76    12,678.12 
 8    12,678.12    633.91    13,312.03    198.35    13,113.68 
 9    13,113.68    655.68    13,769.36    205.16    13,564.20 
 10    13,564.20    678.21    14,242.41    212.21    14,030.20 
 Cumulative        $5,852.60        $1,822.40      

 

_____________________________

*       Expenses are net of fee waivers and/or expense reimbursements until May 1, 2020 per the Adviser’s fee waiver and/or expense reimbursement agreement. Thereafter, the expense ratio reflects the Portfolio’s operating expenses before fee waiver and/or expense reimbursement as reflected under “Fees and Expenses of the Portfolio” in the Summary Information at the beginning of this Prospectus.

           

 

 

The Statement of Additional Information is revised, as applicable, to incorporate changes conforming to this Supplement.

 

* * * * *

 

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

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

__________________

AllianceBernstein® and the AB Logo are registered trademarks and service marks used by permission of the owner, AllianceBernstein L.P.

 5

 

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