NEW YORK, Jan. 7, 2015 /PRNewswire/
-- AllianceBernstein L.P. (AllianceBernstein), a global
investment management firm with $481
billion in assets under management, today announced that its
multi-manager target-date series, AB Multi-Manager Select
Retirement Funds, co-managed with Morningstar Associates, LLC, a
registered investment advisor and wholly owned subsidiary of
Morningstar, Inc., is now available to investors.
"The early feedback and encouragement from consultants and
financial advisors has been exceptional. This affirms our belief
that there is interest in the marketplace for a target-date fund
that addresses the Department of Labor's suggestion in its 'Tips
for ERISA Plan Fiduciaries' that plan sponsors inquire whether
non-proprietary or custom target-date funds would be a better fit
for their plans," said Craig
Lombardi, Managing Director of AllianceBernstein's Defined
Contribution Investment-Only (DCIO) Sales.
The new series invests in funds managed by leading investment
managers in addition to AllianceBernstein, including AQR,
Franklin Templeton, MFS and
T.Rowe Price. AllianceBernstein
designs and manages the glide path, adjusting asset-class exposures
as market conditions change, and provides overall program
oversight. Morningstar selects funds from the broad offerings
of each participating firm.
About AllianceBernstein
AllianceBernstein is a leading
global investment management firm that offers high-quality research
and diversified investment services to institutional investors,
individuals and private clients in major world markets. At
September 30, 2014, AllianceBernstein
Holding L.P. owned approximately 36.1% of the issued and
outstanding AllianceBernstein Units and AXA, one of the largest
global financial services organizations, owned an
approximate 63.5% economic interest in AllianceBernstein.
Additional information about AllianceBernstein may be found on
our internet site, www.alliancebernstein.com/go/mms.
About AllianceBernstein's Multi-Asset Solutions
Group
AllianceBernstein's Multi-Asset Solutions Group is a
dedicated team of more than 25 investment professionals that
utilizes its deep capital markets expertise, research insights and
a full range of risk/return sources as building blocks to create
integrated multi-asset investment solutions tailored to the needs
of each client. These include glide path strategies like
target-date and lifetime income solutions for defined contribution
plans, asset allocation strategies and solutions targeting unique
market index and factor exposures.
About Morningstar Associates, LLC
Morningstar
Associates, LLC is a registered investment adviser and wholly owned
subsidiary of Morningstar, Inc. It is part of the Morningstar
Investment Management group, which creates custom investment
solutions that combine award-winning research and global resources
with proprietary Morningstar data. With approximately $169 billion in assets under advisement and
management as of Sept. 30, 2014, the
Morningstar Investment Management group provides comprehensive
retirement, investment advisory, and portfolio management services
for financial institutions, plan sponsors, and advisors around the
world.
A Word About Risk
The value of your investment in the
Fund will change with changes in the values of the Fund's
investments in the Underlying Funds. There is no assurance that the
Fund will provide an investor with adequate income at or through
retirement.
Allocation Risk: The allocation of investments among the
Underlying Funds' different investment styles, such as equity or
debt securities, or US or non-US securities, may have a more
significant effect on the Fund's net asset value ("NAV") when one
of these investments is performing more poorly than the other.
There is no assurance that allocation decisions will result in the
desired effects. Subjective decisions made by the Adviser and/or
Morningstar may cause the Fund to incur losses or to miss profit
opportunities on which it might otherwise have capitalized.
Market Risk: The value of the Fund's investments will
fluctuate as the stock or bond market fluctuates. The value of its
investments may decline, sometimes rapidly and unpredictably,
simply because of economic changes or other events that affect
large portions of the market. It includes the risk that a
particular style of investing may be underperforming the stock
market generally. Interest Rate Risk: Changes in interest
rates will affect the value of the Fund's investments in Underlying
Funds that invest in fixed-income securities. When interest rates
rise, the value of investments in fixed-income securities tends to
fall and this decrease in value may not be offset by higher income
from new investments. Interest rate risk is generally greater for
fixed-income securities with longer maturities or durations.
Credit Risk: An issuer or guarantor of a fixed-income
security, or the counterparty to a derivatives or other contract,
may be unable or unwilling to make timely payments of interest or
principal, or to otherwise honor its obligations. The issuer or
guarantor may default, causing a loss of the full principal amount
of a security. The degree of risk for a particular security may be
reflected in its credit rating. There is the possibility that the
credit rating of a fixed-income security may be downgraded after
purchase, which may adversely affect the value of the security.
Investments by Underlying Funds in fixed-income securities with
lower ratings are subject to a higher probability that an issuer
will default or fail to meet its payment obligations. Inflation
Risk: This is the risk that the value of assets or income from
the Fund's investments in the Underlying Funds will be less in the
future as inflation decreases the value of money. As inflation
increases, the value of each Underlying Fund's assets can decline
as can the value of that Underlying Fund's distributions.
Foreign (Non-US) Risk: Investments in non-US issuers by
Underlying Funds may involve more risk than investments in US
issuers. These securities may fluctuate more widely in price and
may be less liquid due to adverse market, economic, political,
regulatory or other factors. Emerging Market Risk:
Investments by Underlying Funds in emerging market countries may
involve more risk than investments in other foreign countries
because the markets in emerging market countries are less developed
and less liquid as well as subject to increased economic,
political, regulatory and other uncertainties. Currency
Risk: Fluctuations in currency exchange rates may negatively
affect the value of the Fund's investments or reduce its returns.
Capitalization Risk: Investments in small- and
mid-capitalization companies by Underlying Funds tend to be more
volatile than investments in large-capitalization companies.
Investments in small-capitalization companies may have additional
risks because these companies often have limited product lines,
markets, or financial resources. Derivatives Risk:
Derivatives may be illiquid, difficult to price, and leveraged so
that small changes may produce disproportionate losses, and may be
subject to counterparty risk to a greater degree than more
traditional investments. Leverage Risk: Borrowing money or
other leverage may make an Underlying Fund's investments more
volatile because leverage tends to exaggerate the effect of any
increase or decrease in the value of its investments. An Underlying
Fund may create leverage through the use of certain portfolio
management techniques such as reverse repurchase agreements or
forward commitments, or by borrowing money. Diversification
Risk: The Fund may have more risk because it is
"non-diversified", meaning that it can invest more of its assets in
a smaller number of issuers. Management Risk: The Fund is
subject to management risk because it is an actively-managed
investment fund. The Adviser and Morningstar will apply their
investment techniques and risk analyses in making investment
decisions for the Fund, but there is no guarantee that their
techniques will produce the intended results.
As with all investments, you may lose money by investing in the
Fund.
Morningstar Associates LLC is a registered investment advisor
and wholly owned subsidiary of Morningstar, Inc. Morningstar
Associates is acting as a sub-advisor to AllianceBernstein
Investment with regard to the AllianceBernstein Multi-Manager
Select Retirement Funds. Morningstar is not affiliated with
AllianceBernstein or its affiliates. The Morningstar name and logo
are the property of Morningstar, Inc.
Investors should consider the investment objectives, risks,
charges and expenses of the Fund/Portfolio carefully before
investing. For copies of our prospectus or summary prospectus,
which contain this and other information, visit us online at
www.alliancebernstein.com or contact your AllianceBernstein
Investments representative. Please read the prospectus and/or
summary prospectus carefully before investing.
AllianceBernstein Investments, Inc. (ABI) is the distributor of
the AllianceBernstein family of mutual funds. ABI is a member of
FINRA and is an affiliate of AllianceBernstein L.P., the manager of
the funds.
AllianceBernstein® and the AB logo are registered
trademarks and service marks used by permission of the owner,
AllianceBernstein L.P.
© 2015 AllianceBernstein L.P.
14-1961
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SOURCE AllianceBernstein