As filed with the U.S. Securities and Exchange Commission on February 22, 2013
Securities Act File No. 33-21844
Investment Company Act File No. 811-05555
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-1A
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933 | x | |||||
Pre-Effective Amendment No. | ¨ | |||||
Post-Effective Amendment No. 59 | x | |||||
and/or | ||||||
REGISTRATION STATEMENT | ||||||
UNDER | ||||||
THE INVESTMENT COMPANY ACT OF 1940 | x | |||||
Amendment No. 60 | ||||||
(Check appropriate box or boxes) |
Sanford C. Bernstein Fund, Inc.
(Exact Name of Registrant as Specified in Charter)
1345 Avenue of the Americas,
New York, New York 10105
(Address of Principal Executive Offices)
Registrants Telephone Number, including Area Code 1-212-756-4097
Mark R. Manley, Esq.
AllianceBernstein L.P.
1345 Avenue of the Americas
New York, New York 10105
(Name and Address of Agent for Service)
COPY TO:
Margery K. Neale, Esq.
Willkie Farr & Gallagher LLP
787 Seventh Avenue
New York, New York 10019-6099
It is proposed that this filing will become effective:
x | immediately upon filing pursuant to paragraph (b) |
¨ | on pursuant to paragraph (b) |
¨ | 60 days after filing pursuant to paragraph (a)(1) |
¨ | on pursuant to paragraph (a)(1) |
¨ | 75 days after filing pursuant to paragraph (a)(2) |
¨ | on pursuant to paragraph (a)(2) of Rule 485. |
If appropriate, check the following box:
¨ | This post-effective amendment designates a new effective date for a previously filed post-effective amendment. |
This filing relates solely to the International Portfolio and the Tax-Managed International Portfolio.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended, the Registrant certifies that it meets all of the requirements for effectiveness of this Registration Statement under rule 485(b) under the Securities Act of 1933, as amended, and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York, and State of New York, on the 22nd day of February, 2013.
SANFORD C. BERNSTEIN FUND, INC. | ||
By: | * | |
Dianne F. Lob President |
Pursuant to the requirements of the Securities Act of 1933, as amended, this Post-Effective Amendment No. 59 to the Registrants Registration Statement on Form N-1A has been signed below by the following persons, in the capacities and on the dates indicated.
Signature |
Title |
Date | ||
* |
President and Director | |||
Dianne F. Lob | ||||
* |
Director | |||
Bart Friedman | ||||
* |
Director | |||
William Kristol | ||||
* |
Director | |||
Debra Perry | ||||
* |
Director | |||
Donald K. Petersen | ||||
* |
Director | |||
Thomas B. Stiles II |
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Signature |
Title |
Date | ||||
* |
Director | |||||
Rosalie J. Wolf | ||||||
/s/ Joseph J. Mantineo Joseph J. Mantineo |
Treasurer and Chief Financial Officer | February 22, 2013 | ||||
* This Registration Statement has been signed by each of the persons so indicated by the undersigned as Attorney-in-Fact. | ||||||
By: | /s/ Nancy E. Hay |
February 22, 2013 | ||||
Nancy E. Hay | ||||||
Attorney-in-Fact |
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EXHIBIT INDEX
Index No. |
Description of Exhibit | |
EX-101.INS | XBRL Instance Document | |
EX-101.SCH | XBRL Taxonomy Extension Schema Document | |
EX-101.CAL | XBRL Taxonomy Extension Calculation Linkbase | |
EX-101.DEF | XBRL Taxonomy Extension Definition Linkbase | |
EX-101.LAB | XBRL Taxonomy Extension Labels Linkbase | |
EX-101.PRE | XBRL Taxonomy Extension Presentation Linkbase |
-1-
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Sanford C. Bernstein Fund, Inc. | Tax-Managed International Portfolio | ||||||||||||||||||||
Tax-Managed International Portfolio | ||||||||||||||||||||
INVESTMENT OBJECTIVE: | ||||||||||||||||||||
The Portfolio's investment objective is to provide long-term capital growth. | ||||||||||||||||||||
FEES AND EXPENSES OF THE PORTFOLIO: | ||||||||||||||||||||
This table describes the fees and expenses that you may pay if you buy and hold shares of the Portfolio. | ||||||||||||||||||||
SHAREHOLDER FEES (fees paid directly from your investment) | ||||||||||||||||||||
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ANNUAL PORTFOLIO OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) | ||||||||||||||||||||
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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 and that the Portfolio's operating expenses stay the same. Although your actual costs may be higher or lower, based on these assumptions your costs as reflected in the Examples would be: | ||||||||||||||||||||
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PORTFOLIO TURNOVER | ||||||||||||||||||||
The Portfolio pays transaction costs, such as commissions, when it buys or sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when shares are held in a taxable account. These transaction costs, which are not reflected in the Annual Portfolio Operating Expenses or in the Examples, affect the Portfolio's performance. During the most recent fiscal year, the Portfolio's portfolio turnover rate was 62% of the average value of its portfolio. | ||||||||||||||||||||
PRINCIPAL STRATEGIES: | ||||||||||||||||||||
The Portfolio invests primarily in equity securities of issuers in countries that make up the Morgan Stanley Capital International ("MSCI") EAFE Index (Europe, Australasia and the Far East) and Canada. AllianceBernstein L.P., the Portfolio's investment manager (the "Manager"), diversifies the Portfolio among many foreign countries, but not necessarily in the same proportion that the countries are represented in the MSCI EAFE Index. Under normal circumstances, the Manager will invest in companies in at least three countries (and normally substantially more) other than the United States. The Portfolio also invests in less developed or emerging equity markets. The Manager may diversify the Portfolio across multiple research strategies as well as capitalization ranges. The Manager relies on both fundamental and quantitative research to manage both risk and return for the Portfolio. The Portfolio may own stocks from the Manager's bottom-up fundamental research in value, growth, stability and other disciplines. Within each investment discipline, the Manager draws on the capabilities of separate investment teams. The research analyses that support buy and sell decisions for the Portfolio are fundamental and bottom-up, based largely on specific company and industry findings and taking into account broad economic forecasts. The Portfolio seeks to minimize the impact of taxes on shareholders' returns. The Portfolio may invest in companies of any size. The Portfolio will invest primarily in common stocks but may also invest in preferred stocks, warrants and convertible securities of foreign issuers, including sponsored or unsponsored American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs"). The Portfolio may use derivatives, such as options, futures, forwards and swaps. The Portfolio may enter into foreign currency transactions for hedging and non-hedging purposes on a spot (i.e., cash) basis or through the use of derivatives transactions, such as forward currency exchange contracts, currency futures and options thereon, and options on currencies. An appropriate hedge of currency exposure resulting from the Portfolio's securities positions may not be available or cost effective, or the Manager may determine not to hedge the positions, possibly even under market conditions where doing so could benefit the Portfolio. The Portfolio will generally invest in foreign-currency futures contracts or foreign-currency forward contracts with terms of up to one year. The Portfolio will also purchase foreign currency for immediate settlement in order to purchase foreign securities. In addition, the Portfolio may invest a portion of its uncommitted cash balances in futures contracts to expose that portion of the Portfolio to the equity markets. The Portfolio may use options strategies involving the purchase and/or writing of various combinations of call and/or put options, including on individual securities and stock indexes, futures contracts (including futures contracts on individual securities and stock indexes) or shares of exchange-traded funds ("ETFs"). These options transactions may be used, for example, in an effort to earn extra income, to adjust exposure to individual securities or markets, or to protect all or a portion of the Portfolio's portfolio from a decline in value, sometimes within certain ranges. The Portfolio seeks to maximize after-tax returns to shareholders by pursuing a number of strategies that take into account the tax impact of buy and sell investment decisions on its shareholders. For example, the Manager may sell certain securities in order to realize capital losses. Capital losses may be used to offset realized capital gains. To minimize capital gains distributions, the Manager may sell securities in the Portfolio with the highest cost basis. The Manager may monitor the length of time the Portfolio has held an investment to evaluate whether the investment should be sold at a short-term gain or held for a longer period so that the gain on the investment will be taxed at the lower long-term rate. In making this decision, the Manager will consider whether, in its judgment, the risk of continued exposure to the investment is worth the tax savings of a lower capital gains rate. There can be no assurance that any of these strategies will be effective or that their use will not adversely affect the gross returns of the Portfolio. |
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PRINCIPAL RISKS: | ||||||||||||||||||||
The share price of the Portfolio will fluctuate and you may lose money. There is no guarantee that the Portfolio will achieve its investment objective.
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BAR CHART AND PERFORMANCE INFORMATION: | ||||||||||||||||||||
The bar chart and performance information provide an indication of the historical risk of an investment in the Portfolio by showing:
The Portfolio's past performance before and after taxes, of course, does not necessarily indicate how it will perform in the future. As with all investments, you may lose money by investing in the Portfolio. |
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BAR CHART | ||||||||||||||||||||
The annual returns in the bar chart are for the Portfolio's Tax-Managed International Class shares. | ||||||||||||||||||||
During the period shown in the bar chart, the Portfolio's: BEST QUARTER WAS UP 24.55%, 2ND QUARTER, 2003; AND WORST QUARTER WAS DOWN -25.05%, 3RD QUARTER, 2008. |
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PERFORMANCE TABLE AVERAGE ANNUAL TOTAL RETURNS (for the periods ended december 31, 2012) |
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After-tax returns are an estimate, which is based on the highest historical individual federal marginal income-tax rates, and do not reflect the impact of state and local taxes; actual after-tax returns depend on an individual investor's tax situation and are likely to differ from those shown, and are not relevant to investors who hold Portfolio shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. |