ADPAX : AB Short Duration Portfolio Class A

Fund Summary

The investment seeks to provide safety of principal and a moderate rate of income that is subject to taxes. The fund invests at least 80% of its total assets in securities rated A, or better by national rating agencies, and comparably rated commercial paper and notes. It may also invest up to 20% of its total assets in fixed-income foreign securities in developed or emerging-market countries. The fund may invest up to 20% of its total assets in fixed-income securities rated BB or B by national rating agencies, which are not investment-grade (commonly known as "junk bonds").