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Objective

The Portfolio seeks to achieve its objective of a high risk-adjusted total return by investing in mortgage-related securities and other asset-backed securities, of both Investment Grade and non-Investment Grade quality originated by a wide array of originators and sponsors. The Portfolio will have at least two-thirds of its total assets invested in mortgage-related securities and it may invest in fixed and floating rate securities.

Portfolio Management Team

Investment Risks to Consider

These and other risks are described in the Portfolio's prospectus

  • Country Risks in the US: Investments in issuers located in the US may have more market, political and economic risks because of particular factors affecting that country. 

  • Credit Risk: The Portfolio will invest in fixed-income securities (including bonds) issued by companies and other entities and the Portfolio will be subject to the risk that a particular issuer may not fulfil its payment or other obligations in respect of such fixed-income securities. Generally, debt instruments with a lower credit rating or that are unrated are more susceptible to the credit risk of the issuers. In the event of a default or credit rating downgrading of the issuers of the fixed income securities, the Portfolio’s value will be adversely affected and investors may suffer a substantial loss as a result.

  • Currency Risk: Currency movements in the underlying investments of a portfolio that is denominated in a currency different from that of the portfolio itself may significantly affect the net asset value of that portfolio.

  • Derivatives Risk: The Portfolio is entitled to use derivative instruments for hedging and/or EPM purposes which may involve additional risks different from, and, in certain cases, greater than, the risks presented by more traditional investments.

  • Fixed-Income Securities Risk: The NAV of a portfolio invested in fixed-income securities will change in response to fluctuations in interest and currency exchange rates, as well as changes in credit quality of the issuer. As interest rates rise, bond prices fall and vice versa – long-term securities tend to rise and fall more than short-term securities. The values of mortgage-related and asset-backed securities are particularly sensitive to changes in interest rates due to prepayment risk. Prepayments may cause losses on securities purchased at a premium, and unscheduled prepayments, which will be made at par, will cause a portfolio to experience a loss equal to any unamortised premium.

  • Liquidity Risk: The risk that arises when adverse market conditions affect the ability to sell assets when necessary. Reduced liquidity may have a negative impact on the price of the assets.

Fund Literature

On 20 February 2014, AllianceBernstein - Short Maturity Dollar Portfolio was renamed as AllianceBernstein - Mortgage Income Portfolio and the Portfolio’s investment objective, policies, management team and benchmark (from 1-Month USD Libor to 3-Month Libor) were also changed. The Portfolio has also expanded use of derivatives, however, financial derivative instruments will not be used extensively for investment purposes. All data prior to 20 February 2014 relates to the AllianceBernstein - Short Maturity Dollar Portfolio.

With effective 20 February 2014, AllianceBernstein - Mortgage Income Portfolio (old name as AllianceBernstein - Short Maturity Dollar Portfolio) has retired and re-designated its current Class A, A2, AT, B, B2, BT, C and C2 shares as Class AX, A2X, ATX, BX, B2X, BTX, CX and C2X shares, respectively. These legacy share classes are no longer open for subscription by new investors. Simultaneously with the retirement and re-designation of legacy share classes, this Portfolio has launched new versions of Class A, A2, AT, B, B2, BT, C and C2 shares, open to new investors.

Investment in the Fund entails certain risks. Past performance does not guarantee future results. The value of an investment in the Fund can go down as well as up and investors may not get back the full amount invested. This information is directed solely at persons in jurisdictions where the funds and relevant share class are registered or who may otherwise lawfully receive it. Before investing in AllianceBernstein funds, investors should review the fund’s full prospectus, together with the fund’s Product Highlights Sheet and the most recent financial statements. Copies of these documents, including the latest annual report and, if issued thereafter, the latest semi-annual report, may be obtained free of charge from www.abfunds.com / www.alliancebernstein.com or by contacting the local distributor in the jurisdictions in which the funds are authorized for distribution.

The Portfolio is part of AB FCP I (referred to as “AB”). AB is a mutual investment fund (fonds commun de placement) organized under the laws of the Grand Duchy of Luxembourg.

The Portfolio is entitled to use financial derivative instruments for hedging and/or EPM purposes which may involve additional risks different from, and, in certain cases, greater than, the risks presented by more traditional investments.

Dividends are not paid for all share classes and are not guaranteed.

Please note that dividend distribution is at the discretion of The management company and subject to the dividend policy referred in the Singapore Offering Document. It is dependent on prevailing market conditions and the income generated by the underlying securities of the fund. Any payments of distributions by the portfolio may result in an immediate reduction of the net asset value per share/unit. A high distribution yield does not imply a high return on the fund. Investors should not make any investment decision solely based on dividend information provided.

Currency-hedged share classes (indicated above by a currency denomination and an “H” in the Class name) use hedging techniques in an attempt to reduce—but not eliminate—fluctuations between the investor’s holdings in a particular currency-hedged share class denominated in the investor’s investing currency and the portfolio’s base currency. The goal is to deliver returns that track the portfolio’s base currency returns more closely. 

AllianceBernstein funds are offered only by the offering document with respect to each fund. The sale of shares of AB funds may be restricted in certain jurisdictions. In particular, shares may not be offered or sold, directly or indirectly, in the United States or to U.S. persons, as is more fully described in the Offering Document with respect to each Fund. Shares of AB funds are offered only pursuant to the Fund’s current Offering Document together with the most recent financial statements. The information on this page is for information purposes only and should not be construed as an offer to sell, or solicitation to buy, or a recommendation for the securities of any AB fund.

This website is only directed at persons residing in Singapore. Persons resident in territories other than Singapore should not access this website. This website is not directed to any person in any jurisdiction where (by reason of that person's nationality, residence or otherwise) the publication or availability of this website is prohibited. Persons in respect of whom such prohibitions apply must not access this website. It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction. By accessing this website, you are representing and warranting that the applicable laws and regulations of your jurisdiction allow you to access the website, and that you have agreed to the terms of use.

This content is provided on an "AS IS" basis. No representation or warranty, whether express or implied, is made with respect to the accuracy, validity or completeness of this content, and any liability for errors or omissions in such content is expressly disclaimed. This content may contain projections and other statements regarding future events or the future financial performance of countries, regions or markets. These statements will necessarily only be predictions, and actual events or results may differ. You should make your own assessment of the relevance, accuracy and adequacy of the information provided and make such independent investigations as you may consider necessary or appropriate. Any opinion or views offered are made on a general basis and are not to be relied on as advice. The views expressed here may change at any time after the date of this publication. Accordingly, neither AB nor any of its affiliates, associates, directors, connected parties and/or employees accept any liability whatsoever for any loss, whether direct or indirect, that may arise from the use of the information or opinions provided.

AllianceBernstein (Luxembourg) S.à.r.l. is the management company of the Portfolios and has appointed AllianceBernstein (Singapore) Ltd. (Company Registration No. 199703364C) as its agent for service of process and as its Singapore representative. AllianceBernstein (Singapore) Ltd. is regulated by the Monetary Authority of Singapore. This advertisment has not been reviewed by the Monetary Authority of Singapore.

The information contained here reflects the views of AllianceBernstein L.P. or its affiliates and sources it believes are reliable as of the date of this publication. AllianceBernstein L.P. makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material will be realized. Past performance does not guarantee future results. The views expressed here may change at any time after the date of this publication.  This document is for informational purposes only and does not constitute investment advice.

AllianceBernstein L.P. does not provide tax, legal or accounting advice. It does not take an investor’s personal investment objectives or financial situation into account; investors should discuss their individual circumstances with appropriate professionals before making any decisions. This information should not be construed as sales or marketing material or an offer or solicitation for the purchase or sale of any financial instrument, product or service sponsored by AllianceBernstein or its affiliates.

The contents of this site are general in nature, for general information only and prepared without consideration given to the specific investment objective, financial situation and particular needs of any specific person. This site contains the views and opinions of particular individuals and may not necessarily represent views expressed or reflected in other AB communications, strategies or funds. Reliance should not be placed on these views and information when making individual investment and/or strategic decisions.

Past performance, historical and current analyses, and expectations do not guarantee future results.

Investment involves risk. The information contained here reflects the views of AllianceBernstein L.P. or its affiliates and sources it believes are reliable as of the date of this publication. AllianceBernstein L.P. makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material will be realized. Past performance does not guarantee future results. The views expressed here may change at any time after the date of this publication.  This document is for informational purposes only and does not constitute investment advice.  AllianceBernsteinL.P. does not provide tax, legal or accounting advice. It does not take an investor’s personal investment objectives or financial situation into account; investors should discuss their individual circumstances with appropriate professionals before making any decisions. This information should not be construed as sales or marketing material or an offer or solicitation for the purchase or sale of any financial instrument, product or service sponsored by AllianceBernstein or its affiliates.

The views expressed herein do not constitute research, investment advice or trade recommendations and do not necessarily represent the views of all AB portfolio-management teams.

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