• The portfolio invests in sovereign-debt obligations and non-U.S. corporate fixed-income securities from issuers in emerging and developing countries.
  • The portfolio is entitled to use financial derivative instruments for hedging, risk management, efficient portfolio management and as an alternative to investing directly in the underlying investments which may involve counterparty / credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. The leverage element / component of a financial derivative instrument can result in a loss significantly greater than the amount invested in the financial derivative instrument by the Portfolio. Exposure to financial derivative instrument may lead to a high risk of significant loss by the Portfolio.
  • The Portfolio invests in collateralized and securitized products such as Asset Backed Securities, Mortgage Backed Securities and Asset Back Commercial Papers which may be highly illiquid and prone to substantial price volatility. These instruments may be subject to greater credit, liquidity and interest rate risk compared to other debt securities. They are often exposed to extension and prepayment risks and risks that the payment obligations relating to the underlying assets are not met, which may adversely impact the returns of the securities.
  • Invest in emerging markets is subject to higher volatility and higher risks (e.g. liquidity risk, currency risk, political risk, regulatory risk, economic risk, legal and taxation risk, settlement risk and custody risk).
  • Investment in the portfolio may also involve general investment risk, debt securities risk, focused portfolio risk, concentration risk, currency risk and management risk. The value of the portfolio can be volatile and can go down substantially within a short period of time. It is possible that the entire value of your investment in the portfolio can be lost.
  • Dividends may be paid from capital or effectively out of the capital of the Portfolio, which may amount to a partial return or withdrawal of an investor’s original investment or from any capital gains attributable to that original investment and result in an immediate decrease of the Net Asset Value per Share. Distributions for hedged share classes may be adversely affected by differences in the interest rates of the reference currency and the Portfolio’s base currency, resulting in a greater amount of distribution being paid out of capital than other non-hedged share classes.
  • Investors should not rely on this document alone to make investment decisions.

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AllianceBernstein Hong Kong Limited (聯博香港有限公司) is the Hong Kong representative of AB’s Luxembourg-domiciled investment funds, and the funds have been authorized by the Securities and Futures Commission (SFC) for retail distribution in Hong Kong. It is also the investment manager of the AB (HK) Unit Trust Series, which is an open-ended unit trust established as an umbrella unit trust under the laws of Hong Kong, and its sub-funds. For general and sales information, please call 2918 7888. 

SFC authorization is not a recommendation or endorsement of the Fund or its sub-funds, nor does it guarantee the commercial merits of the Fund or any of its sub-funds, or their performance. This does not mean the Fund or its sub-funds are suitable for all investors, nor is it an endorsement of their suitability for any particular investor or class of investors.

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