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AB LOW VOLATILITY EQUITY PORTFOLIO

26 November 2019

The Low Volatility Equity Portfolio (the “Fund”) is a portfolio of AB SICAV I, an open-ended investment company with variable capital (société

d’investissement à capital variable) incorporated under the laws of the Grand Duchy of Luxembourg.

This document is issued by AllianceBernstein Limited, 50 Berkeley Street, London W1J 8HA. AllianceBernstein Limited is authorised and regulated in the UK by the Financial

Conduct Authority (FCA-Reference Number 147956). This information is directed solely at persons in jurisdictions where the Fund and relevant share class are registered, or who

may otherwise lawfully receive it. The sale of the Fund may be restricted or subject to adverse tax consequences in certain jurisdictions. In particular, no shares may be offered or

sold, directly or indirectly, in the US or to US Persons, as described in the Fund’s prospectus. This document is directed at Investment Professionals only. It is provided for

marketing purposes but does not constitute investment advice or an invitation to purchase any security or other investment. The views and opinions expressed in this document

are based on our internal forecasts and should not be relied upon as an indication of future market performance. Past performance does not guarantee of future results. This

document is not intended for public use. For Investment Professional use only. Not for inspection by, distribution or quotation to, the general public.

Nicholas Davidson Senior Portfolio Manager –Equities

In Q1 2019, AB Low Volatility was awarded Best Global Equity Fund by Morningstar in the following countries: Hong Kong, Singapore, Norway, The Netherlands

1|AB Low Volatility Equity Portfolio 3Q19For Investment Professional use only.

Not for inspection by, distribution or quotation to, the general public.

Past performance does not guarantee future results.*Based on monthly returns, since inception 12 December 2012, net of fees, in USD of the AB Low Volatility Equity Portfolio—Class I shares relative to the Morningstar EAA OE

Global Large Cap Blend Equity peer category

As of 30 September 2019

Source: Morningstar Direct, MSCI and AB

AB Low Volatility Equity Portfolio Overview

Equity Returns with a “Smoother Ride” Active Stock Selection

Comparison to Peers: Since Inception (Percentile)*

Number of Holdings 70–90

Active Share ~85%

Single Stock Limit Max 5%

Average Turnover 60%–80%

Long-Term Return Seeks to outperform equity markets over full cycle

Volatility Less than the market

Upside Capture 90%

Downside Capture 70%

Helps protect in down markets

Participates in up markets

Value

Time

Low Volatility Equity

Market

Tracking Error

3

97

2

0

25

50

75

100

Absolute Returns Downside Capture Sharpe Ratio



We Have Delivered Strong Absolute Performance and Provided the

Downside Protection People Need

Past performance does not guarantee future results.The value of investments and the income from them will vary. Your capital is at risk. Performance data are provided in the share class currency, and include the change in net asset

value and the reinvestment of any distributions paid on Portfolio shares for the period shown. Performance data are net of management fees, but do not reflect sales charges or the

effect of taxes. Returns for other share classes will vary due to different charges and expenses. The actual return achieved by investors in other base currencies may increase or

decrease as a result of currency fluctuations.

The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-year Morningstar Rating metrics.

Performance data of more than one year are annualized.

Inception date: AB Low Volatility Equity Portfolio—Class I shares: 12 December 2012

As of 30 September 2019.

Source: MSCI and AB

Equity Participation… (Annualized Returns)

In US Dollars (Net of Fees—I Shares)

…with Lower Risk (Annualized Volatility)

…with Strong Upside Capture (Up Months) …with Strong Downside Protection (Down Months)

11,3%9,7%

AB Low Volatility Equity Portfolio MSCI World

2,1% 2,4%


Upside Capture: 87%

9,0%11,0%


–1,8%

–3,0%AB Low Volatility Equity Portfolio MSCI World

Downside Capture: 62%

Overall Morningstar Rating–Class IRated against 3,620 funds in the Global Large Cap Blend

Equity category based on risk-adjusted returns



With MSCI World Loss Worse than 5% (Percent)

AB Low Volatility Equity Portfolio Seeks to Provide Downside Protection

Past performance does not guarantee future results. Inception date: AB Low Volatility Equity Portfolio Class I shares—12 December 2012. Performance data are net of

fees. The performance shown represents past performance and does not guarantee future results. Current performance may be lower or higher than the performance information

shown. You may obtain performance information current to the most recent month-end by visiting www.AllianceBernstein.com. The investment return and principal value of an

investment in the Portfolio will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. Returns for other share classes will vary due to different

charges and expenses. Performance assumes reinvestment of distributions and does not account for taxes. Fund returns for periods longer than one year are annualized.

As of 30 September, 2019

Source: MSCI and AB

Concerns on

Fed + QE

21 May 2013–

24 Jun 2013

Emerging Market

Concerns +

Weak Earnings

22 Jan 2014–

4 Feb 2014

Fed Discussion

on Interest Rate

Rise

3 Sep 2014–

16 Oct 2014

China’s

Economy +

Plummeting Oil

Price

1 Dec 2015–

11 Feb 2016

Greece + China

Stock Market

Crash

20 Jul 2015–

29 Sep 2015

Brexit

23 Jun 2016–

27 Jun 2016

Inflation + Fed

Tightening

26 Jan 2018–

23 Mar 2018

Average Downside Capture: 70%

–6,2–4,3

–6,1–8,0

–9,4

–3,8

–7,2

–15,4

–7,7–5,5

–8,9

–12,6–13,9

–7,1–9,1

–18,1

LVE MSCI World

Rising rates+

Slowing growth in

China & Europe

21 Sep 2018–

24 Dec 2018

http://www.alliancebernstein.com/



Buying high-quality, stable

companies at the right price

can beat the market and

protect capital.

Philosophy



Focused on Quality Compounders Across Secular Themes

Holdings are subject to change.

References to specific securities are presented to illustrate the application of our investment philosophy only and are not to be considered recommendations by AB. Logos, brands

and other trademarks in this presentation are the property of their respective trademark holders. They are used for illustrative purposes only, and are not intended to convey any

endorsement or sponsorship by, or association or affiliation with, the trademark holders.

Representative holdings from AB Low Volatility Equity Portfolio

As of 30 September, 2019. Source: AB

Tech Enablers

Representative HoldingsTheme

Proprietary Data Providers

Human Resource Solutions

Innovative Pharmaceuticals

Electronic Payments



Investment Team

Portfolio Managers

Advisory Members

Chris MarxSenior Portfolio Manager—Equities28 Years’ Experience

22 Years with AB

Nelson YuHead of QuantitativeResearch—Equities26 Years’ Experience

22 Years with AB

Joseph Gerard PaulCIO—North American Value Equities35 Years’ Experience

32 Years with AB

Kent HargisCo-Chief Investment Officer–

Strategic Core Equities

24 Yrs Experience

16 Yrs with AB

Sammy SuzukiCo-Chief Investment Officer–

Strategic Core Equities

26 Yrs Experience

25 Yrs with AB

Stuart RaeCIO-Asia Pacific Value Equities26 Years’ Experience

20 Years with AB

Collaborative Research Around the Globe

Hong Kong

Sydney

TokyoLondon

New YorkShanghai

Singapore

Chicago

Firm-Wide Equity Research

69 Fundamental Analysts 14 Quantitative Analysts

Global Fundamental and Quantitative Research Team

39 Fundamental Analysts* 10 Quantitative Analysts

*Fundamental analysts with assigned coverage for Low Volatility




*ESG: environmental, social and governance

Source: AB

Investment Process Overview

Position portfolio to:

Balance return and risk

exposure

Mitigate unintended bets

Reflect current opportunities and

risks

Portfolio Construction

Assess undervalued sustainability

of profits based on:

Competitive advantage

Good capital stewardship

Favorable environment

ESG issues*

Rank securities based on risk-

adjusted return:

Quality

Stability

Price

Market cap >US$2 billion

Adequate liquidity

70–90

Stocks

~3,000

Stocks

Portfolio

Candidates

~200 Stocks

Investment Universe Quantitative Research Fundamental Research

Continuous dialogue between portfolio managers and analysts

Opportunity Set

~500 Stocks



Our Approach Balances Quality, Stability and PriceTo Identify Stocks with Superior Risk-Adjusted Return Potential

Quantitative Characteristics

Profitability and earnings quality are strong predictors of future earnings power

Capital discipline leads to better stock returns

Assessing incremental investment helps identify successful business models

Lottery and agency effects explain outperformance of low beta stocks with less

risk

Variation of profitability or market sensitivity help gauge stability

Changes in investors opinions presage future returns

Cash flow ultimately determines value

Dividends reflect management’s confidence in the sustainability of its earnings

power

Free Cash Flow ROA

Return On Invested Capital

Earnings Quality

Incremental ROIC

Asset Growth

Equity/Debt Issuance

Quality

Beta/Volatility of Beta

Idiosyncratic Volatility

Variation of Profitability

Price Momentum

Earnings Sentiment

Short Interest

Options Skew

Stability

Free

Cash Flow Yield

Dividend Yield

Price

Behavioural Insights



Past performance does not guarantee future results.These examples are provided for the sole purpose of illustrating how research can be used to help identify investable ideas in the portfolio-management process, and

is not to be considered a recommendation by AllianceBernstein L.P. It should not be assumed that investments in any specific security was or will be profitable. They do not

represent all of the securities purchased, sold or recommended for clients in this product. A listing of all recommendations made during the prior one-year period is available upon

request. Logos, brands and other trademarks in this presentation are the property of their respective trademark holders. They are used for illustrative purposes only, and are not

intended to convey any endorsement or sponsorship by, or association or affiliation with, the trademark holders.

As of 31 October, 2018

Source: AB

Fundamental Research Assesses Quality

Are

company’s

earnings

sustainable ?

Are

managers

good

stewards

of capital?

Volume Growth

New product launches will offset

generic competitors to major

franchises

Pipeline insufficient to offset generic

competition to existing major products

Valuation

Margins

Falling top-line with need to invest in

R&D; holding margins stable will be

very difficult

Expect to maintain industry-leading

margins due to continued top line

growth

Capital Efficiency

Excess cash goes to shareholders

Avoided major dilutive acquisitions

Consistently grows dividend

Pays down existing debt

Not acquisitive compared to peers

Own AvoidResult

Both companies are facing biosimilar (generic) competition for 2 -3 products that

comprise c.40% of total revenues

Attractively valued compared to peers

given continued top line growth; dividend

yield of 3.4%

Reasonably valued with a dividend

yield of 2.4%

Is the

company

attractively

valued?



QSP Results in Differentiated Positioning

Historical analysis does not guarantee future results. Holdings are subject to change. Weights by sector and region exclude cash and ETFs; numbers may not sum due

to rounding. Based on AB’s Global Strategic Core Equity Strategy. Sectors and country weights are subject to change. *Bond proxy sectors include: utilities, real estate and telecom

up to Q3 2018.

†From 30 September, 2018. Telecom renamed Communication Services on 30 September, 2018; media sector will move to the sector, as well as other additional companies.

As of 30 September 30, 2019

Source: MSCI and AB

Sector Weight

Percent

0

10

20

30

40

50

60

70

80

90

100

124Q

131Q

132Q

133Q

134Q

141Q

142Q

143Q

144Q

151Q

152Q

153Q

154Q

161Q

162Q

163Q

164Q

171Q

172Q

173Q

174Q

181Q

182Q

183Q

184Q

191Q

192Q

193Q

Technology

Consumer Discretionary

Industrials

Financials

Energy + Materials

Healthcare

Bond Proxies* Increased weight to traditional

defensive sector including stables

and bond proxies in this uncertain

environment

Overweight technology primarily

enablers in software and services,

with strong free cash flows,

satisfying business demand for

innovation

Underweight economically

sensitive sectors such as energy

and materials

Consumer Staples

Communication

Services†New†



Holdings are subject to change. References to specific securities discussed are not to be considered recommendations by AllianceBernstein L.P.

Logos, brands and other trademarks in this presentation are the property of their respective trademark holders. They are used for illustrative purposes only, and are not intended to

convey any endorsement or sponsorship by, or association or affiliation with, the trademark holders.

Absolute sector weights


Source: MSCI and AB

Increased Traditional Defensive Sectors As Outlook Weakened

Absolute Weights by Sector

Percent

German Real Estate

0,6

1,6

7,9

1,8

3,2

10,3

Utilities Real Estate ConsumerStaples

Sep-18 Sep-19

US Consumer Staples

Adding to Stable Companies with Attractive Valuation

European Utility



Stock Specific Risk in Current Environment

Well Positioned to Weather Trade Wars in Technology and Industrials

Holdings are subject to change. References to specific securities are presented to illustrate the application of our investment philosophy only and are

not to be considered recommendations by AB.Logos, brands and other trademarks in this presentation are the property of their respective trademark holders. They are used for illustrative purposes only, and are not intended to

convey any endorsement or sponsorship by, or association or affiliation with, the trademark holders.

As of September 30, 2019

Source: Factset, MSCI and AB

Overweight Technology, but Underweight the Most

Exposed Industries: Representative Holdings

Software and Services Semis and Hardware

Percent of Portfolio:

18.4%

vs. MSCI World

+9.6%


2.9%

vs. MSCI World

(4.8)%

Underweight the Most Exposed Industries within

Industrials: Representative Holdings

Services


4.1%

vs. MSCI World

+1.4%


2.7%

vs. MSCI World

(4.9)%

Goods and Autos



Total Returns, Class I Shares (USD)

AB Low Volatility Equity Portfolio

Periods Ended 30 September, 2019

3Q

2019

YTD

2019

One

Year

Three

Years

Five

Years

Since

Inception

AB Low Volatility Equity

Portfolio2.0% 18.7% 5.2% 10.7% 9.1% 11.3%

MSCI World Index 0.5 17.6 1.8 10.2 7.2 9.7

Relative Performance 1.5 1.1 3.4 0.5 1.9 1.6

Past performance does not guarantee future results.Numbers may not sum due to rounding.

The value of investments and the income from them will vary. Your capital is at risk. Performance data are provided in the share class currency, and include the change in net asset




The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-year Morningstar Rating metrics. Performance

data of more than one year are annualized.

Inception date: AB Low Volatility Equity Portfolio Class I shares—12 December 2012


Source: Morningstar Direct, MSCI and AB; see Performance Disclosure.

Rated against 3,620 funds in the

Global Large Cap Blend Equity

category based on risk-adjusted

returns

Overall Morningstar Rating–Class I



Holdings are subject to change.

Current relative weights by sector and region excludes cash; numbers may not sum due to rounding.

Based on the AB Low Volatility Equity Portfolio

*Relative weight against the MSCI World

As of September 30, 2019

Source: MSCI and AB

Portfolio Characteristics

Current Weights by Region* (Percent)Current Weights by Sector* (Percent)

Sector Portfolio Active Weight

Technology 22.5

Financials 19.0

Consumer Staples 10.3

Consumer Discretionary 11.8

Real Estate 3.2

Healthcare 12.0

Energy 3.9

Utilities 1.8

Communication Services 6.6

Industrials 9.0

Materials —

Total 100.0

(4,4)

(2,1)

(1,8)

(1,8)

(1,3)

(0,4)

(0,2)

1,2

1,5

3,3

6,0

Region Portfolio Active Weight

EMEA 25.6

UK 8.6

Asia Pacific 11.2

North America 54.6

Total 100.0

(12,0)

(1,0)

3,2

11,1



Portfolio Characteristics

Seeks to Deliver High Quality and Stability at an Attractive Price

Higher Quality

Return on Assets*

Attractive Price

Price/Free Cash Flow*

Stability

Beta*

Past performance does not guarantee future results.Based on AB’s Low Volatility Equity Portfolio

Beta is a measure of an investment’s sensitivity to the market as a whole. A beta below 1 indicates lower sensitivity to the market; a higher beta indicates higher sensitivity.

*Represents factor explicitly used in a proprietary expected-excess-return model; return on assets calculated as free cash flow divided by tangible assets


Source: MSCI and AB

12,1%

9,8%

AB Low VolatilityEquity

MSCI World

0.77

1,0


MSCI World

19,7×

21,9×


MSCI World



APPENDIX



ESG Integration Process

Source: AB

Legal risks

Regulatory risks

Risks of increased compliance costs

Risks of losing customers

Incorporate assessment of ESG factors

into evaluation of investment risk

Continuous re-assessment of ESG risks

Fundamental Analysis Portfolio Construction

All securities undergo ESG analysis

based on some quantitative providers

of ESG analysis

Low rated securities undergo more

stringent vetting

Quantitative Analysis

E S G



Attribution

1 Year vs. MSCI World

Past performance and current analysis do not guarantee future results. Performance is gross of fees. Based on the AB’s Low Volatility Equity Portfolio. This is supplemental information to the GIPS-compliant performance and disclosure page. Numbers

may not sum due to rounding. The returns presented above are gross of fees. The results do not reflect the deduction of investment-management fees; the client’s return will be

reduced by the management fees and any other expenses incurred in the management of its account. For example, a US$100 million account paying a 0.50% annual fee with a

given rate of 10% compounded over a 10-year period would result in a net-of-fee return of 9.5%. Investment advisory fees are described in Part 2A of AB’s Form ADV.


Source: MSCI and AB; see Performance Disclosure and Disclosures and Important Information.

Largest Contributors

Largest Detractors

Stock Sector Attribution

Booz Allen Hamilton Technology +51

NICE Systems Technology +46

Roche Healthcare +39

Dollar General Consumer Discretionary +35

RELX Group Industrials +28

Stock Sector Attribution

Imperial Brands Consumer Staples (25)

Raytheon Industrials (23)

Nestlé Consumer Staples (23)

Check Point Software Technology (21)

Gilead Sciences Healthcare (20)

Relative Performance (Basis Points)

5

445

(16)Currency SelectionSector Selection

Stock and Sector Selection Attribution (Basis Points)

160 139

107 63

50 50

14 (10)

(24)(37)

(47)

Consumer DiscretionaryTechnology

IndustrialsEnergy

FinancialsCommunication Services

Healthcare

435

Materials

UtilitiesConsumer Staples

Stock Selection

Real Estate



Past performance does not guarantee future results.Numbers may not sum due to rounding.

The value of investments and the income from them will vary. Your capital is at risk. Performance data are provided in the share class currency, and include the change in net asset




*Inception date: AB Low Volatility Equity Portfolio Class I shares—12 December 2012


Source: Morningstar Direct, MSCI and AB

Underperformance

in an up market

Underperformance

in a down market

Outperformance

in a down market

Outperformance

in an up market

Rolling 12-Months over Last Five Years

AB Low Volatility Equity Protects on the Downside, Participates on the Upside

-12%

-10%

-8%

-6%

-4%

-2%

0%

2%

4%

6%

8%

10%

12%

-30% -20% -10% 0% 10% 20% 30%

Rela

tive

Re

turn

MSCI World

AB Low Volatility Equity



DISCLOSURES



A Word About Risk

Investment in the Fund entails certain risks. Investment returns and principal value of the Fund will fluctuate so that an investor’s shares, when redeemed, may

be worth more or less than their original cost. The Fund is meant as a vehicle for diversification and does not represent a complete investment program. Some of

the principal risks of investing in the Fund include emerging-market risk, portfolio turnover risk, smaller capitalisation companies risk, derivatives risk, OTC

derivatives counterparties risk and equity securities risk. These and other risks are described in the Fund’s prospectus. Prospective investors should read the

prospectus carefully and discuss risk and the Fund’s fees and charges with their financial adviser to determine if the investment is appropriate for them.

This information is directed at Investment Professionals only and should not be relied upon by any other persons. It is provided for informational purposes only

and is not intended to be an offer or solicitation, or the basis for any contract to purchase or sell any security, product or other instrument, or to enter into any type

of transaction as a consequence of any information contained herein. The views and opinions expressed in this document are based on our internal forecasts and

should not be relied upon as an indication of future market performance.

References to specific securities are presented to illustrate the application of our investment philosophy only and are not to be considered recommendations by

AB. The specific securities identified and described in this presentation do not represent all of the securities purchased, sold or recommended for the portfolio, and

it should not be assumed that investments in the securities identified were or will be profitable.

The value of an investment in the Fund can go down as well as up, and investors may not get back the full amount they invested. Before investing in

the Fund, investors should review the Fund’s full prospectus, together with the Fund’s Key Investor Information Document and the most recent

financial statements. Copies of these documents, including the latest annual report and, if issued thereafter, the latest semiannual report, may be

obtained free of charge by visiting www.alliancebernstein.com or by contacting the local distributor in the jurisdictions in which the Fund is

authorized for distribution, or in the case of Swiss investors, from the registered office of the Swiss representative.



Important InformationAn investor cannot invest directly in an index or average, and these do not include the sales charges or operating expenses associated with an investment in a mutual fund, which

would reduce total returns.

MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not

be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, reviewed or produced by MSCI.

Logos, brands and other trademarks in this presentation are the property of their respective trademark holders. They are used to illustrate a portion of the holdings of a sample

portfolio at a point in time. Holdings are subject to change.

Alpha, often considered the active return on an investment, gauges the performance of an investment against the market and is used as a measure of manager skill.

Beta is a measure of an investment’s sensitivity to the market as a whole. A beta below 1 indicates lower sensitivity to the market; a higher beta indicates higher sensitivity.

Note to Canadian Readers: AllianceBernstein provides its investment-management services in Canada through its affiliates Sanford C. Bernstein & Co., LLC and

AllianceBernstein Canada, Inc.

Note to European Readers: This information is issued by AllianceBernstein Limited, 50 Berkeley Street, London W1J 8HA, it is for marketing purposes. Registered in England,

No. 2551144. AllianceBernstein Limited is authorised and regulated in the UK by the Financial Conduct Authority (FCA).

Note to Austrian and German Readers: Local paying and information agents: Austria—UniCredit Bank, Austria AG, Schottengasse 6-8, 1010 Vienna; Germany—BHF-Bank

Aktiengesellschaft, Bockenheimer Landstrasse 10, 60323 Frankfurt am Main.

Note to Liechtenstein Readers: The Fund is not registered for public distribution in Liechtenstein and, accordingly, shares may only be offered to a limited group of Professional

Investors, in all cases and under all circumstances designed to preclude a public solicitation in Liechtenstein. This document may not be reproduced or used for any other purpose,

nor be furnished to any other person other than those to whom copies have personally been sent by AB. Neither the Fund nor the shares described therein have been subject to

the review and supervision of the Liechtenstein Financial Market Authority.

Note to Swiss Readers: This document is issued by AllianceBernstein Schweiz AG, Zürich, a company registered in Switzerland under company number CHE-306.220.501.

AllianceBernstein Schweiz AG is authorised and regulated in Switzerland by the Swiss Financial Market Supervisory Authority (FINMA) as a distributor of collective investment

schemes. Swiss Representative & Swiss Paying Agent: BNP Paribas Securities Services, Paris, succursale de Zürich. Registered office: Selnaustrasse 16, 8002 Zürich,

Switzerland, which is also the place of performance and the place of jurisdiction for any litigation in relation to the distribution of shares in Switzerland. The Prospectus, the key

investor information documents, the Articles or management regulations and the annual and semiannual reports of the concerned fund may be requested without cost at the offices

of the Swiss representative.

Note to Hong Kong Readers: This document is issued in Hong Kong by AllianceBernstein Hong Kong Limited (聯博香港有限公司), a licensed entity regulated by the Hong Kong

Securities and Futures Commission. This document has not been reviewed by the Hong Kong Securities and Futures Commission.

Note to Singapore Readers: This document has been issued by AllianceBernstein (Singapore) Ltd. (“ABSL”, Company Registration No. 199703364C). AllianceBernstein

(Luxembourg) S.à r.l. is the management company of the portfolio and has appointed ABSL as its agent for service of process and as its Singapore representative.

AllianceBernstein (Singapore) Ltd. is regulated by the Monetary Authority of Singapore. This advertisement has not been reviewed by the Monetary Authority of Singapore.

Past performance is no guarantee of future results. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-

Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis

on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3

stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may

cause slight variations in the distribution percentages.) For the three-year period, the Fund was rated 5 stars against 2,771 funds in the category. Morningstar Rating is for the I and

A Share Classes.



Global Strategic Core Equity Composite (in US Dollar)

Performance Disclosure

The [A/B] logo is a registered service mark of AllianceBernstein and AllianceBernstein® is a registered service mark used by permission of the owner, AllianceBernstein L.P.

© 2019 AllianceBernstein L.P. www.AllianceBernstein.com

191008061651

IC2019906

http://www.alliancebernstein.com/

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