AB Multiple Funds
SUP-MULTI-SUM-0617
| AB |
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BOND FUNDS (“Bond Funds”) |
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AB Credit Long/Short Portfolio |
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AB High Yield Portfolio |
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AB Intermediate Bond Portfolio |
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AB Limited Duration High Income Portfolio |
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AB Tax-Aware Fixed Income Portfolio |
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AB Unconstrained Bond Fund |
| AB |
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CONCENTRATED INTERNATIONAL GROWTH PORTFOLIO (“Concentrated International”) |
| AB |
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EMERGING MARKETS MULTI-ASSET PORTFOLIO (“EMMA”) |
| AB |
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EQUITY FUNDS (“Equity Funds”) |
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AB Large Cap Growth Fund |
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AB Concentrated Growth Fund |
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AB Discovery Growth Fund |
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AB Small Cap Growth Portfolio |
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AB Global Core Equity Portfolio |
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AB Sustainable Global Thematic Fund |
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AB International Growth Fund |
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AB International Strategic Core Portfolio |
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AB Select US Equity Portfolio |
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AB Select US Long/Short Portfolio |
| AB |
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GOVERNMENT EXCHANGE RESERVES (“Government Exchange Reserves”) |
| AB |
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INFLATION STRATEGIES (“Inflation Strategies”) |
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AB Bond Inflation Strategy |
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AB Municipal Bond Inflation Strategy |
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AB All Market Real Return Portfolio
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| AB |
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MULTI-MANAGER SELECT RETIREMENT FUNDS (“Select Retirement Funds”) |
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AB Multi-Manager Select Retirement Allocation Fund |
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AB Multi-Manager Select 2010 Fund |
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AB Multi-Manager Select 2015 Fund |
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AB Multi-Manager Select 2020 Fund |
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AB Multi-Manager Select 2025 Fund |
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AB Multi-Manager Select 2030 Fund |
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AB Multi-Manager Select 2035 Fund |
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AB Multi-Manager Select 2040 Fund |
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AB Multi-Manager Select 2045 Fund |
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AB Multi-Manager Select 2050 Fund |
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AB Multi-Manager Select 2055 Fund |
| AB |
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MUNICIPAL INCOME PORTFOLIOS (“Municipal Portfolios”) |
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AB High Income Municipal Portfolio |
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AB California Portfolio |
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AB Massachusetts Portfolio |
| AB |
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VALUE FUNDS (“Value Funds”) |
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AB All Market Income Portfolio |
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AB Asia ex-Japan Equity Portfolio |
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AB Core Opportunities Fund |
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AB Discovery Value Fund |
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AB Global Real Estate Investment Fund |
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AB Global Risk Allocation Fund |
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AB International Value Fund |
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AB Small Cap Value Portfolio |
| AB |
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WEALTH STRATEGIES (“Wealth Strategies”) |
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AB Wealth Appreciation Strategy |
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AB All Market Total Return Portfolio |
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AB Conservative Wealth Strategy |
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AB Tax-Managed Wealth Appreciation Strategy |
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AB Tax-Managed All Market Income Portfolio
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Each of the funds listed above is
hereinafter referred to as a “Fund” or, collectively, the “Funds.”
Supplement dated June 6, 2017 to the following Summary Prospectuses:
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| Prospectus |
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Date |
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Prospectus |
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Date |
| Bond Funds |
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January 30, 2017 |
|
Inflation Strategies |
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January 31, 2017 |
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|
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| Concentrated International |
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February 13, 2017 |
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Municipal Portfolios |
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September 30, 2016 |
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| EMMA |
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July 29, 2016 |
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Value Funds |
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February 28, 2017 |
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| Equity Funds |
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November 1, 2016 |
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Wealth Strategies |
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December 30, 2016 |
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| Government Exchange Reserves |
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July 11, 2016 |
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Select Retirement Funds |
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November 30, 2016 |
* * *
* *
The following changes are effective on June 9, 2017:
The following information is added after the first paragraph appearing under the section “Fees and Expenses of the [Fund/Strategy/Portfolio]” in
the Summary Prospectus for each Fund:
“You may be required to pay commissions and/or other forms of
compensation to a broker for transactions in Advisor Class shares, which are not reflected in the tables or the examples below.”
* * * * *
This Supplement should be read in conjunction with the Prospectuses for the Funds.
You should retain this Supplement with your Prospectus(es) for future reference.
The [A/B] Logo is
a service mark of AllianceBernstein and AllianceBernstein® is a registered trademark used by permission of the
owner, AllianceBernstein L.P.
SUP-MULTI-SUM-0617
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