As filed with the Securities and Exchange Commission on February 15, 2013
File Nos. 33-74230
811-08294
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-1A
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933 | ¨ | |||
Pre-Effective Amendment No. | ¨ | |||
Post-Effective Amendment No. 31 | x |
and/or
REGISTRATION STATEMENT
UNDER
THE INVESTMENT COMPANY ACT OF 1940
Amendment No. 32 | x |
ALLIANCEBERNSTEIN EXCHANGE RESERVES
(Exact Name of Registrant as Specified in Charter)
1345 Avenue of the Americas, New York,
New York 10105
(Address of Principal Executive Office) (Zip Code)
(Registrants Telephone Number, including Area Code):
(800) 221-5672
EMILIE D. WRAPP
AllianceBernstein L.P.
1345 Avenue of the Americas
New York, New York 10105
(Name and address of agent for service)
Copies of communications to:
Kathleen K. Clarke
Seward & Kissel LLP
901 K Street, NW
Suite 800
Washington, DC 20001
It is proposed that this filing will become effective (check appropriate box)
¨ | immediately upon filing pursuant to paragraph (b) |
x | on February 15, 2013 pursuant to paragraph (b) |
¨ | 60 days after filing pursuant to paragraph (a)(1) |
¨ | on (date) pursuant to paragraph (a)(1) |
¨ | 75 days after filing pursuant to paragraph (a)(2) |
¨ | on (date) 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. |
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 to this amendment to its Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933 and has duly caused this Post-Effective Amendment No. 31 to its Registration Statement to be signed on its behalf by the undersigned, duly authorized, in the City and State of New York, on the 15th day of February, 2013.
ALLIANCEBERNSTEIN EXCHANGE RESERVES | ||
By: | Robert M. Keith* | |
Robert M. Keith President |
Pursuant to the requirements of the Securities Act of 1933, as amended this Post-Effective Amendment No. 31 to the Registration Statement has been signed below by the following persons in the capacities and on the dates indicated:
Signature |
Title |
Date | ||||
1) |
Principal Executive Officer: | |||||
Robert M. Keith* Robert M. Keith |
President and Chief Executive Officer |
February 15, 2013 | ||||
2) |
Principal Financial and Accounting Officer: |
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/s/ Joseph Mantineo Joseph Mantineo |
Treasurer and Chief Financial Officer |
February 15, 2013 | ||||
3) |
All of the Trustees: | |||||
John H. Dobkin* Michael J. Downey* William H. Foulk, Jr.* D. James Guzy* Nancy P. Jacklin* Robert M. Keith* Garry L. Moody* Marshall C. Turner, Jr.* Earl D. Weiner* |
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*By: |
/s/ Emilie D. Wrapp Emilie D. Wrapp (Attorney-in-fact) |
February 15, 2013 |
Index to Exhibits
Exhibit No. |
Description of Exhibits | |
EX-101.INS | XBRL Instance Document | |
EX-101.SCH | XBRL Taxonomy Extension Schema Document | |
EX-101.CALC | 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 |
Label | Element | Value | ||||||
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Risk/Return: | rr_RiskReturnAbstract | |||||||
Registrant Name | dei_EntityRegistrantName | ALLIANCEBERNSTEIN EXCHANGE RESERVES | ||||||
Prospectus Date | rr_ProspectusDate | Jan. 31, 2013 | ||||||
ALLIANCEBERNSTEIN EXCHANGE RESERVES
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Risk/Return: | rr_RiskReturnAbstract | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | ALLIANCEBERNSTEIN EXCHANGE RESERVES | ||||||
Objective [Heading] | rr_ObjectiveHeading | INVESTMENT OBJECTIVE: | ||||||
Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | The Fund's investment objective is maximum current income to the extent consistent with safety of principal and liquidity. | ||||||
Expense [Heading] | rr_ExpenseHeading | FEES AND EXPENSES OF THE FUND: | ||||||
Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge reductions if you and members of your family invest, or agree to invest in the future, at least $100,000 in AllianceBernstein Mutual Funds. More information about these and other discounts is available from your financial intermediary and in Investing in the Fund--Sales Charge Reduction Programs for Class A shares on page 11 of this Prospectus and in Purchase of Shares--Sales Charge Reduction Programs for Class A shares on page 43 of the Fund's Statement of Additional Information ("SAI"). | ||||||
Shareholder Fees Caption [Text] | rr_ShareholderFeesCaption | SHAREHOLDER FEES (fees paid directly from your investment) | ||||||
Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) |
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Expenses Deferred Charges [Text Block] | rr_ExpensesDeferredChargesTextBlock | Class B shares automatically convert to Class A shares after eight years. The contingent deferred sales charge, or CDSC, decreases over time. For Class B shares the CDSC decreases 1.00% annually to 0% after the fourth year. For Class C shares, the CDSC is 0% after the first year. | ||||||
Expense Breakpoint Discounts [Text] | rr_ExpenseBreakpointDiscounts | You may qualify for sales charge reductions if you and members of your family invest, or agree to invest in the future, at least $100,000 in AllianceBernstein Mutual Funds. | ||||||
Expense Breakpoint, Minimum Investment Required [Amount] | rr_ExpenseBreakpointMinimumInvestmentRequiredAmount | 100,000 | ||||||
Expense Example [Heading] | rr_ExpenseExampleHeading | EXAMPLES | ||||||
Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | The Examples are intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Examples assume that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your Fund shares at the end of those periods. The Examples also assume that your investment has a 5% return each year and that the Fund's operating expenses stay the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: | ||||||
Expense Example, No Redemption, By Year, Caption [Text] | rr_ExpenseExampleNoRedemptionByYearCaption | For the share classes listed below, you would pay the following expenses if you did not redeem your shares at the end of period: | ||||||
Strategy [Heading] | rr_StrategyHeading | PRINCIPAL STRATEGIES: | ||||||
Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock | The Fund is a "money market fund" that seeks to maintain a stable net asset value ("NAV") of $1.00 per share, although there is no guarantee that the Fund will maintain an NAV of $1.00 per share. The Fund invests in a portfolio of high-quality, U.S. Dollar-denominated money market securities. The Fund may invest in:
As a money market fund, the Fund must meet the requirements of Securities and Exchange Commission ("Commission") Rule 2a-7. The Rule imposes strict conditions on the investment quality, maturity, diversification and liquidity of the Fund's investments. Among other things, Rule 2a-7 requires that the Fund's investments have (i) a remaining maturity of no more than 397 days unless otherwise permitted by Rule 2a-7, (ii) a weighted average maturity that does not exceed 60 days, and (iii) a weighted average life that does not exceed 120 days. For purposes of calculating weighted average maturity, the maturity of an adjustable rate security generally will be the period remaining until its next interest rate adjustment. For purposes of calculating weighted average life, the life of an adjustable rate security will be its stated final maturity, without regard to interest rate adjustments. Rule 2a-7 imposes liquidity standards that require the Fund to hold at least 10% and 30% of its total assets, respectively, in daily liquid assets and weekly liquid assets as defined in Rule 2a-7. Rule 2a-7 also limits the Fund's investments in illiquid securities to 5% of its total assets. |
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Risk [Heading] | rr_RiskHeading | PRINCIPAL RISKS: | ||||||
Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock |
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Risk Lose Money [Text] | rr_RiskLoseMoney | Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible that you may lose money by investing in the Fund. | ||||||
Risk Money Market Fund [Text] | rr_RiskMoneyMarketFund |
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Risk Not Insured Depository Institution [Text] | rr_RiskNotInsuredDepositoryInstitution | An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. | ||||||
Bar Chart and Performance Table [Heading] | rr_BarChartAndPerformanceTableHeading | BAR CHART AND PERFORMANCE INFORMATION | ||||||
Performance Narrative [Text Block] | rr_PerformanceNarrativeTextBlock | The bar chart and performance information provide an indication of the historical risk of an investment in the Fund by showing:
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Performance Information Illustrates Variability of Returns [Text] | rr_PerformanceInformationIllustratesVariabilityOfReturns |
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Performance Past Does Not Indicate Future [Text] | rr_PerformancePastDoesNotIndicateFuture | The Fund's past performance before and after taxes, of course, does not necessarily indicate how it will perform in the future. | ||||||
Bar Chart [Heading] | rr_BarChartHeading | BAR CHART | ||||||
Bar Chart Narrative [Text Block] | rr_BarChartNarrativeTextBlock | The annual returns in the bar chart are for the Fund's Class A shares and do not reflect sales loads. If sales loads were reflected, returns would be less than those shown. | ||||||
Bar Chart Does Not Reflect Sales Loads [Text] | rr_BarChartDoesNotReflectSalesLoads | The annual returns in the bar chart are for the Fund's Class A shares and do not reflect sales loads. If sales loads were reflected, returns would be less than those shown. | ||||||
Bar Chart Closing [Text Block] | rr_BarChartClosingTextBlock | Calendar Year End (%) During the period shown in the bar chart, the Fund's: BEST QUARTER WAS UP 1.21%, IN THE 3RD QUARTER, 2006; AND WORST QUARTER WAS UP 0.00%, IN THE 3RD QUARTER, 2011. |
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Performance Table Heading | rr_PerformanceTableHeading | PERFORMANCE TABLE AVERAGE ANNUAL TOTAL RETURNS (For the periods ended December 31, 2012) |
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Performance Table Narrative | rr_PerformanceTableNarrativeTextBlock | You may obtain the most current seven-day yield information of the Fund by calling 800-221-5672 or your financial intermediary. | ||||||
Money Market Seven Day Yield Phone | rr_MoneyMarketSevenDayYieldPhone | 800-221-5672 | ||||||
ALLIANCEBERNSTEIN EXCHANGE RESERVES | CLASS A
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Risk/Return: | rr_RiskReturnAbstract | |||||||
Maximum Deferred Sales Charge (Load) (as a percentage of offering price or redemption proceeds, whichever is lower) | rr_MaximumDeferredSalesChargeOverOfferingPrice | none | ||||||
Management Fees | rr_ManagementFeesOverAssets | 0.25% | ||||||
Distribution and/or Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 0.30% | ||||||
Other Expenses: Transfer Agent | rr_Component1OtherExpensesOverAssets | 0.03% | ||||||
Other Expenses | rr_Component2OtherExpensesOverAssets | 0.03% | ||||||
Total Other Expenses | rr_OtherExpensesOverAssets | 0.06% | ||||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 0.61% | ||||||
After 1 Year | rr_ExpenseExampleYear01 | 62 | ||||||
After 3 Years | rr_ExpenseExampleYear03 | 195 | ||||||
After 5 Years | rr_ExpenseExampleYear05 | 340 | ||||||
After 10 Years | rr_ExpenseExampleYear10 | 762 | ||||||
2003 | rr_AnnualReturn2003 | 0.21% | ||||||
2004 | rr_AnnualReturn2004 | 0.32% | ||||||
2005 | rr_AnnualReturn2005 | 2.09% | ||||||
2006 | rr_AnnualReturn2006 | 4.32% | ||||||
2007 | rr_AnnualReturn2007 | 4.46% | ||||||
2008 | rr_AnnualReturn2008 | 2.07% | ||||||
2009 | rr_AnnualReturn2009 | 0.22% | ||||||
2010 | rr_AnnualReturn2010 | 0.01% | ||||||
2011 | rr_AnnualReturn2011 | 0.04% | ||||||
2012 | rr_AnnualReturn2012 | 0.19% | ||||||
Highest Quarterly Return, Label | rr_HighestQuarterlyReturnLabel | BEST QUARTER | ||||||
Highest Quarterly Return, Date | rr_BarChartHighestQuarterlyReturnDate | Sep. 30, 2006 | ||||||
Highest Quarterly Return | rr_BarChartHighestQuarterlyReturn | 1.21% | ||||||
Lowest Quarterly Return, Label | rr_LowestQuarterlyReturnLabel | WORST QUARTER | ||||||
Lowest Quarterly Return, Date | rr_BarChartLowestQuarterlyReturnDate | Sep. 30, 2011 | ||||||
Lowest Quarterly Return | rr_BarChartLowestQuarterlyReturn | 0.00% | ||||||
1 YEAR | rr_AverageAnnualReturnYear01 | 0.19% | ||||||
5 YEARS | rr_AverageAnnualReturnYear05 | 0.50% | ||||||
10 YEARS | rr_AverageAnnualReturnYear10 | 1.38% | ||||||
ALLIANCEBERNSTEIN EXCHANGE RESERVES | CLASS B
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Risk/Return: | rr_RiskReturnAbstract | |||||||
Shareholder Fees Column [Text] | rr_ShareholderFeesColumnName | (NOT CURRENTLY OFFERED TO NEW INVESTORS) | ||||||
Maximum Deferred Sales Charge (Load) (as a percentage of offering price or redemption proceeds, whichever is lower) | rr_MaximumDeferredSalesChargeOverOfferingPrice | 4.00% | [1] | |||||
Management Fees | rr_ManagementFeesOverAssets | 0.25% | ||||||
Distribution and/or Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 1.00% | ||||||
Other Expenses: Transfer Agent | rr_Component1OtherExpensesOverAssets | 0.08% | ||||||
Other Expenses | rr_Component2OtherExpensesOverAssets | 0.03% | ||||||
Total Other Expenses | rr_OtherExpensesOverAssets | 0.11% | ||||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 1.36% | ||||||
After 1 Year | rr_ExpenseExampleYear01 | 538 | ||||||
After 3 Years | rr_ExpenseExampleYear03 | 631 | ||||||
After 5 Years | rr_ExpenseExampleYear05 | 745 | ||||||
After 10 Years | rr_ExpenseExampleYear10 | 1,429 | ||||||
After 1 Year | rr_ExpenseExampleNoRedemptionYear01 | 138 | ||||||
After 3 Years | rr_ExpenseExampleNoRedemptionYear03 | 431 | ||||||
After 5 Years | rr_ExpenseExampleNoRedemptionYear05 | 745 | ||||||
After 10 Years | rr_ExpenseExampleNoRedemptionYear10 | 1,429 | ||||||
1 YEAR | rr_AverageAnnualReturnYear01 | 0.19% | ||||||
5 YEARS | rr_AverageAnnualReturnYear05 | 0.37% | ||||||
10 YEARS | rr_AverageAnnualReturnYear10 | 1.16% | ||||||
ALLIANCEBERNSTEIN EXCHANGE RESERVES | CLASS C
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Risk/Return: | rr_RiskReturnAbstract | |||||||
Maximum Deferred Sales Charge (Load) (as a percentage of offering price or redemption proceeds, whichever is lower) | rr_MaximumDeferredSalesChargeOverOfferingPrice | 1.00% | [2] | |||||
Management Fees | rr_ManagementFeesOverAssets | 0.25% | ||||||
Distribution and/or Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 0.75% | ||||||
Other Expenses: Transfer Agent | rr_Component1OtherExpensesOverAssets | 0.04% | ||||||
Other Expenses | rr_Component2OtherExpensesOverAssets | 0.04% | ||||||
Total Other Expenses | rr_OtherExpensesOverAssets | 0.08% | ||||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 1.08% | ||||||
After 1 Year | rr_ExpenseExampleYear01 | 210 | ||||||
After 3 Years | rr_ExpenseExampleYear03 | 343 | ||||||
After 5 Years | rr_ExpenseExampleYear05 | 595 | ||||||
After 10 Years | rr_ExpenseExampleYear10 | 1,317 | ||||||
After 1 Year | rr_ExpenseExampleNoRedemptionYear01 | 110 | ||||||
After 3 Years | rr_ExpenseExampleNoRedemptionYear03 | 343 | ||||||
After 5 Years | rr_ExpenseExampleNoRedemptionYear05 | 595 | ||||||
After 10 Years | rr_ExpenseExampleNoRedemptionYear10 | 1,317 | ||||||
1 YEAR | rr_AverageAnnualReturnYear01 | 0.19% | ||||||
5 YEARS | rr_AverageAnnualReturnYear05 | 0.44% | ||||||
10 YEARS | rr_AverageAnnualReturnYear10 | 1.29% | ||||||
ALLIANCEBERNSTEIN EXCHANGE RESERVES | ADVISOR CLASS
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Risk/Return: | rr_RiskReturnAbstract | |||||||
Maximum Deferred Sales Charge (Load) (as a percentage of offering price or redemption proceeds, whichever is lower) | rr_MaximumDeferredSalesChargeOverOfferingPrice | none | ||||||
Management Fees | rr_ManagementFeesOverAssets | 0.25% | ||||||
Distribution and/or Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | none | ||||||
Other Expenses: Transfer Agent | rr_Component1OtherExpensesOverAssets | 0.02% | ||||||
Other Expenses | rr_Component2OtherExpensesOverAssets | 0.04% | ||||||
Total Other Expenses | rr_OtherExpensesOverAssets | 0.06% | ||||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 0.31% | ||||||
After 1 Year | rr_ExpenseExampleYear01 | 32 | ||||||
After 3 Years | rr_ExpenseExampleYear03 | 100 | ||||||
After 5 Years | rr_ExpenseExampleYear05 | 174 | ||||||
After 10 Years | rr_ExpenseExampleYear10 | 393 | ||||||
1 YEAR | rr_AverageAnnualReturnYear01 | 0.19% | ||||||
5 YEARS | rr_AverageAnnualReturnYear05 | 0.60% | ||||||
10 YEARS | rr_AverageAnnualReturnYear10 | 1.62% | ||||||
ALLIANCEBERNSTEIN EXCHANGE RESERVES | CLASS R
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Risk/Return: | rr_RiskReturnAbstract | |||||||
Maximum Deferred Sales Charge (Load) (as a percentage of offering price or redemption proceeds, whichever is lower) | rr_MaximumDeferredSalesChargeOverOfferingPrice | none | ||||||
Management Fees | rr_ManagementFeesOverAssets | 0.25% | ||||||
Distribution and/or Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 0.50% | ||||||
Other Expenses: Transfer Agent | rr_Component1OtherExpensesOverAssets | 0.06% | ||||||
Other Expenses | rr_Component2OtherExpensesOverAssets | 0.04% | ||||||
Total Other Expenses | rr_OtherExpensesOverAssets | 0.10% | ||||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 0.85% | ||||||
After 1 Year | rr_ExpenseExampleYear01 | 87 | ||||||
After 3 Years | rr_ExpenseExampleYear03 | 271 | ||||||
After 5 Years | rr_ExpenseExampleYear05 | 471 | ||||||
After 10 Years | rr_ExpenseExampleYear10 | 1,049 | ||||||
1 YEAR | rr_AverageAnnualReturnYear01 | 0.19% | [3] | |||||
5 YEARS | rr_AverageAnnualReturnYear05 | 0.43% | [3] | |||||
10 YEARS | rr_AverageAnnualReturnYear10 | 1.32% | [3] | |||||
ALLIANCEBERNSTEIN EXCHANGE RESERVES | CLASS K
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Risk/Return: | rr_RiskReturnAbstract | |||||||
Maximum Deferred Sales Charge (Load) (as a percentage of offering price or redemption proceeds, whichever is lower) | rr_MaximumDeferredSalesChargeOverOfferingPrice | none | ||||||
Management Fees | rr_ManagementFeesOverAssets | 0.25% | ||||||
Distribution and/or Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 0.25% | ||||||
Other Expenses: Transfer Agent | rr_Component1OtherExpensesOverAssets | 0.15% | ||||||
Other Expenses | rr_Component2OtherExpensesOverAssets | 0.04% | ||||||
Total Other Expenses | rr_OtherExpensesOverAssets | 0.19% | ||||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 0.69% | ||||||
After 1 Year | rr_ExpenseExampleYear01 | 70 | ||||||
After 3 Years | rr_ExpenseExampleYear03 | 221 | ||||||
After 5 Years | rr_ExpenseExampleYear05 | 384 | ||||||
After 10 Years | rr_ExpenseExampleYear10 | 859 | ||||||
1 YEAR | rr_AverageAnnualReturnYear01 | 0.19% | [3] | |||||
5 YEARS | rr_AverageAnnualReturnYear05 | 0.51% | [3] | |||||
10 YEARS | rr_AverageAnnualReturnYear10 | 1.51% | [3] | |||||
ALLIANCEBERNSTEIN EXCHANGE RESERVES | CLASS I
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Risk/Return: | rr_RiskReturnAbstract | |||||||
Maximum Deferred Sales Charge (Load) (as a percentage of offering price or redemption proceeds, whichever is lower) | rr_MaximumDeferredSalesChargeOverOfferingPrice | none | ||||||
Management Fees | rr_ManagementFeesOverAssets | 0.25% | ||||||
Distribution and/or Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | none | ||||||
Other Expenses: Transfer Agent | rr_Component1OtherExpensesOverAssets | 0.04% | ||||||
Other Expenses | rr_Component2OtherExpensesOverAssets | 0.03% | ||||||
Total Other Expenses | rr_OtherExpensesOverAssets | 0.07% | ||||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 0.32% | ||||||
After 1 Year | rr_ExpenseExampleYear01 | 33 | ||||||
After 3 Years | rr_ExpenseExampleYear03 | 103 | ||||||
After 5 Years | rr_ExpenseExampleYear05 | 180 | ||||||
After 10 Years | rr_ExpenseExampleYear10 | 406 | ||||||
1 YEAR | rr_AverageAnnualReturnYear01 | 0.19% | [3] | |||||
5 YEARS | rr_AverageAnnualReturnYear05 | 0.68% | [3] | |||||
10 YEARS | rr_AverageAnnualReturnYear10 | 1.71% | [3] | |||||
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