4Q 2019

1. Income Is Tougher to Find in Today’s World, and Chasing Yield Is Riskier

2. There Are Many Ways to Generate Income Across Sectors

AB— ALL MARKET INCOME PORTFOLIOImportant Information1. The portfolio invests in equity and debt securities of issuers located throughout the world, including developed and emerging markets.2. Invest in emerging markets is subject to higher volatility and higher risks (e.g. liquidity risk, currency risk, political risk, regulatory risk and economic risk).3. Investment in the portfolio may involve general investment risk, currency risk, equity securities risk, fixed-income securities risks, country risks, dynamic asset

allocation risk, risk associated with repurchase / reverse repurchase transactions and other similar over-the-counter transaction and risks associated with cash / cash equivalent instruments. Exposure to lower rated and unrated instruments can subject the Portfolio to greater risk of loss of principal and interest than higher-rated securities. 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.

4. The portfolio is entitled to use financial derivative instruments for hedging, risk management, efficient portfolio management and investment purposes which may involve additional risks. 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 instruments may lead to a high risk of significant loss by the Portfolio.

5. 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.

6. Investors should not rely on this document alone to make investment decisions.

Annualized Return Average YieldFixed Income Equity Non-Traditional Income

3.3 2.1

7.811.1 9.5 8.7 9.7 8.0

11.99.6

1.5 1.6

5.97.4

2.9 2.1 2.64.1 4.0

2.7

6.7 6.7

GlobalTreasuries

USTreasuries

EMDebt

GlobalHigh Yield

High DividendUS Equities

US Equities

Global Equities

High DividendGlobal Equities

GlobalREITs

EM Equities

US PreferredStocks

MLPs

14.613.1

As of 31 December 2018. Past performance does not guarantee future results. Right display assumes investment into high-yield bonds, as represented by Bloomberg Barclay’s Global High Yield Index; core bonds by Bloomberg Barclay’s Global Aggregate. The hypothetical 3% portfolio in 2007 assumes a 71.6% allocation to core bonds and 28.4% in cash. In 2018, that allocation has 82.8% in core bonds and 17.2% in high-yield bonds. The hypothetical 4% portfolio in 2007 assumes a 95.5% allocation to core bonds and 4.5% in cash. In 2018, that allocation has 65.0% in core bonds and 35.0% in high-yield bonds. The hypothetical 5% portfolio in 2007 assumes a 83.3% allocation to core bonds and 16.7% in high-yield bonds. In 2018, that allocation has 47.2% in core bonds and 52.8% in high-yield bonds. * The asset classes listed in the left display were sourced from Barclay’s according to their weight in the Bloomberg Barclay’s Multi-Verse Index for each of the years shown.† Risk is defined as trailing 10-year standard deviation.Source: Bloomberg Barclays, Morningstar and AllianceBernstein (“AB”)

Past performance does not guarantee future results. Data is shown over a 10-year time period ending on 31 December 2018.Average yield is the Yield to Worst for fixed income indices and Dividend Yield for equity indices. Global Treasuries are represented by the Bloomberg Barclay’s Global Treasury Index (Hedged USD), US Treasuries by Bloomberg Barclay’s US Treasury Index, EM Debt is represented by J.P. Morgan EMBI Global Diversified Index, Global High Yield Bonds are represented by Bloomberg Barclay’s Global High-Yield Index, High Dividend US Equities are represented by S&P 500 Dividend Aristocrats, US Equities are represented by S&P 500, Global Equities are represented by the MSCI ACWI Index, High Dividend Global Equities are represented by the MSCI ACWI High Dividend Yield Index, EM Equities are represented by the MSCI Emerging Markets Index, Global REITs are represented by FTSE/NAREIT Global Real Estate Index, Preferred Stocks are represented by S&P US Preferred Stock Index, MLPs (Master Limited Partnership) are represented by the Alerian MLP Index. Source: Bloomberg, Bloomberg Barclays, J.P. Morgan, Morningstar, S&P and AB

The Universe for Yield Is Shrinking Asset Classes Yielding More than 4%*

Sector Average 10-Year Yield and Annualized Return (Percent) Sectors Represented by Index Returns (January 2009–December 2018)

Earning Yield Today Requires Substantially More Risk†Standard Deviation of Blended Portfolio Need to Achieve Desired Yield Target

Per

cent

US Treasury US MBS US CMBS Euro TreasuryGlobal IG Corp. US Corp. HY EMD HY Euro HY

0

20

40

60

80

100

00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Per

cent

2007 2018

0

1

2

3

4

5

6

7

8

3% Yield 4% Yield 5% Yield

Year

In Singapore: For financial representative use only. Not for inspection by, distribution or quotation to the general public.

OVERALL MORNINGSTAR RATINGTMClass A USD Shares

Rated against 734 funds in the USD Moderate AllocationCategory, based on risk-adjusted returns.

*

4Q 2019ALL MARKET INCOME PORTFOLIO

This information is directed solely at persons in jurisdictions where the funds and relevant share class are registered or who may otherwise lawfully receive it. Before investing in AllianceBernstein funds, investors should review the fund’s full prospectus, together with the fund’s Product Key Facts / Product Highlight Sheets and the most recent financial statements. Copies of these documents, including the latest annual report and, if issued thereafter, the latest semi-annual report, may be o btained free of charge from www.abfunds.com / www.alliancebernstein.com or by contacting the local distributor in the jurisdictions in which the funds are authorized for distribution.AB SICAV I—All Market Income Portfolio is part of AB SICAV I (referred to as “AB”). AB is an open-ended investment company with variable capital (société d'investissement à capital variable) incorporated under the laws of the Grand Duchy of Luxembourg. Prior to 5 February 2016, AB’s legal name was ACMBernstein SICAV, its trading name was AllianceBernstein. Effective 4 May 2018, AB - All Market Income Portfolio has been restructured from AB FCP I into AB SICAV I. The Portfolio Inception Date refers to the inception date of the AB FCP I—Developed Markets Multi-Asset Income Portfolio. On 22 February 2018, AB FCP I—Developed Markets Multi-Asset Income Portfolio was renamed as AB FCP I—All Market Income Portfolio and the Portfolio’s investment objectives and policies have been changed. All data prior to 22 February 2018 relates to the AB FCP I—Developed Markets Multi-Asset Income Portfolio. Past performance is no guarantee of future results. Please refer to the Prospectus for the full list of share classes and currencies offered. Shares of the Portfolio are offered only pursuant to the Portfolio’s current prospectus together with the most recent financial statements. References, if any, to specific securities are presented to illustrate the application of our investment philosophy only and are not to be considered recommendations by AB. Any specific securities identified and described in the material do not represent all of the securities purchased, sold or recommended for the Portfolio, and may or may not be held by the Portfolio at any given time. It should not be assumed that investments in the securities were or will be profitable.Investment Risks - 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. Dividends are not paid for all share classes and are not guaranteed. The Fund is meant as a vehicle for diversification and does not represent a complete investment program. Returns denominated in a currency other than the base currency of the fund may increase or decrease as a result of foreign exchange currency fluctuations. These and other risks are described in the Fund’s prospectus. Prospective investors should read the prospectus including risk factors carefully and discuss risk and the fund’s fees and charges with their financial adviser to determine if the investment is appropriate for them. * Overall Morningstar Rating is a copyright of Morningstar, Inc., 2019. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or

distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Morningstar rates funds from one star to five stars based on how well the funds have performed (after adjusting for risk) in comparison to similar funds. Within each Morningstar Category, the top 10% of funds receive five stars, the next 22.5% four stars, the middle 35% three stars, the next 22.5% two stars, and the bottom 10% receive one star. Funds are rated for up to three time periods, in three years, five years, and ten years, and these ratings are combined to produce an overall rating. Funds with less than three years of history are not rated. Ratings are objective, based entirely on a mathematical evaluation of past performance. They are a useful tool for identifying funds worthy of further research, but should not be considered buy or sell recommendations. As of 30 September 2019.

^ Currency-hedged share classes use hedging techniques in an attempt to reduce—but not eliminate—fluctuations between the investor’s holdings in a particular currency-hedged share class denominated in the investor’s investing currency and the portfolio’s base currency. The goal is to deliver returns that track the portfolio’s base currency returns more closely. Convenience Pricing/Reporting Currencies offers the ability to purchase or redeem shares using the currency indicated, which is then converted into the base currency of the portfolio using a market rate at the time of the purchase or redemption. Convenience Pricing/Reporting Currencies involves no currency hedging and does not seek to provide any protection from currency fluctuations.

†† The calendar year performance for AB - All Market Income Portfolio (Class AD, USD): -5.81% (Since Inception to Year Ended 2018) and 12.93% (2019 YTD). Source: AB, calculated on an NAV-to-NAV basis with dividend reinvested, in U.S. Dollars, as of 30 September 2019. Inception Date for Class AD (USD): 18 December 2014. The Portfolio Inception Date refers to the inception date of the AB FCP - Developed Markets Multi-Asset Income Portfolio. Please note all "Since Inception" performance is calculated from 22 February 2018. Please see the prospectus for details.

To Hong Kong Readers: This document has not been reviewed by the Securities and Futures Commission. The issuer of this document is AllianceBernstein Hong Kong Limited.To Singapore Readers: For financial representative use only. Not for inspection by, or distribution or quotation to, the general public. 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.

© 2019 AllianceBernstein L.P. 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.

(Issue date of this document: 5 November 2019)

AMI-PRF-EN-HK-0919

6. All Market Income: Characteristics

4. Fund ProfilePortfolio Management Team

Morgan C. Harting, CFA, CAIADaniel Loewy, CFAKaren Watkin

Inception Date 11/12/2014 (Class A-USD)

Base Currency USD

Reporting Currencies^ HKD

Currency-Hedged Share Classes^ AUD, CAD, EUR, GBP, NZD, SGD

Class Offered A, AD

Net Assets USD 579.35 MillionSource: AB, as of 30 September2019

As of 30 September 2019. All portfolio statistics are subject to change. Numbers may not sum due to rounding. Source: AB

3. Designing the Dynamic Income Solution to Provide High, Stable Income and Active Allocation

Traditional Sources of Income

Fixed Income 40%-60% Equity 30%-50% Non-Traditional Income 10%-20%

Non-Traditional Sources of Income

High YieldHigh

Dividend Equity

Global Equity

PreferredREITs

CommonREITs

OpportunisticEquity

Equity Option

StrategiesCurrenciesEM Debt Securitized

Assets

Investment Grade Credit and Sov Debt

For informational purposes only. There can be no assurance that any investment objectives will be achieved.Source: AB

5. Past Dividend Payout Record††

Source: AB, as of 30 September 2019

Class AD USD SharesThe share class below intend to declare and pay monthly dividends. Dividend amount/distribution rate is not guaranteed and may be paid from capital of the Portfolio. (See Important Information 5). Positive distribution yield does not imply positive return.

Month NAV (US$) DIV (US$)09/30/2019 12.62 0.083008/30/2019 12.58 0.083007/31/2019 12.70 0.083006/28/2019 12.61 0.083005/31/2019 12.38 0.083004/30/2019 12.59 0.0830

Global Credit Fixed Income35.34%Low Volatility Equities13.31%High Dividend Equities13.25%Straddles and Other 11.08%Preferred REITs 7.84%

Non-US Sovereigns7.49%US Sovereigns 7.47%Common REITs 2.23%Opportunistic Equities 1.99%

Portfolio Composition Country Allocation

United States 62.06%

United Kingdom 4.10%

Japan 2.33%

France 1.92%

Canada 1.90%

Australia 1.89%

Switzerland 1.85%

Brazil1.53%

Indonesia1.48%

Other 20.94%

Seeking to Invest Across Sources of Risk-Managed, High, Stable

Dynamic Allocation Shifts

Offered Currencies in USD and HKD. AUD, CAD, EUR, GBP, NZD and SGD Hedged Share Classes are also available.^

In Singapore: For financial representative use only. Not for inspection by, distribution or quotation to the general public.

第4季 2019

1. 目前尋找收益愈來愈困難，且追逐孳息率的風險上升

2. 市場上仍有很多方法可在不同行業中產生收益

聯博－跨領域收益基金重要事項1 本基金是投資於世界各地（包括成熟及新興市場）的發行人的股票及債務證券。2 投資於新興市場面對較高的波動性及較高的風險（例如流動性風險、貨幣風險、政治風險、監管風險及經濟風險）。3 投資於本基金可能涉及一般投資風險、貨幣風險、股本證券風險、固定收益證券風險、國家風險、動態資產配置風險、回購及逆回購交易以及其他類似場外交易的

相關風險及現金或現金等價物工具的相關風險。低評級及無評級工具被視為須承受本金及利息損失的更大風險。基金價格可反覆波動，並可在一段短時期內顯著下跌。閣下於本基金的投資可能會價值全失。

4 本基金可使用衍生工具達到對沖、風險管理、有效基金管理及投資用途的目的，這可能涉及額外風險。金融衍生工具的槓桿元素/成份可導致損失大幅高於本基金投資於金融衍生工具的金額。投資金融衍生工具可導致本基金蒙受重大損失的高度風險。

5 本基金可從資本中或實際上以資本撥付派息(此舉可構成部分退回或撤回投資者原本的投資)或來自原本投資應佔的任何資本收益，由此即時減低每股資產淨值。6 投資者不應只依賴本文件而作出投資決定。

環球國庫債券

美國國庫債券

新興市場債券

環球高收益

高股息美國股票

高股息環球股票

環球房地產投資信託

新興市場股票

美國優先股

業主有限合夥

美國股票 環球股票

年化回報 平均孳息率固定收益 股票 非傳統收益

3.32.1

7.8

11.1 9.5 8.7 9.7 8.0

11.99.6

1.5 1.6

5.97.4

2.9 2.1 2.64.1 4.0

2.7

6.7 6.7

14.6 13.1

截至2018年12月31日。過往表現並非未來業績的保證。 右圖假設投資於高收益債券，並以彭博巴克萊環球高收益債券指數為代表；核心債券是以彭博巴克萊環球綜合債券指數為代表。2007年假設的3%投資組合假設核心債券的配置比例為71.6%及現金為28.4%。於2018年，該配置比例為核心債券佔82.8%，高收益債券佔17.2%。2007年假設的4%投資組合假設核心債券的配置比例為95.5%及現金為4.5%。於2018年，該配置比例為核心債券佔65.0%，高收益債券佔35.0%。2007年假設的5%投資組合假設核心債券的配置比例為83.3%及高收益債券為16.7%。於2018年，該配置比例為核心債券佔47.2%，高收益債券佔52.8%。*左圖中所列資產類別源自巴克萊，根據資產類別在彭博巴克萊環球多元債券指數所示年份中各年的權重決定。†風險定義為過往10年標準差。 資料來源：彭博巴克萊、晨星及聯博

過往表現並非未來業績的保證。 所示數據為截至2018年12月31日的10年期間。平均孳息率指固定收益指數的最低孳息率及股票指數的股息率。環球國庫債券由彭博巴克萊環球國庫債券指數代表，美國國庫債券由彭博巴克萊美國國庫債券指數代表，新興市場債券由摩根大通EMBI環球多元化指數代表，環球高收益債券由彭博巴克萊環球高收益債券指數代表。高股息美國股票由標準普爾500股息貴族指數代表，美國股票由標準普爾500指數代表，環球股票由MSCI所有國家世界指數代表，高股息環球股票由MSCI所有國家世界高股息指數代表，環球房地產投資信託(REIT)由FTSE/NAREIT環球房地產指數代表，新興市場股票由MSCI新興市場指數代表。優先股由標準普爾美國優先股指數代表，業主有限合夥由Alerian業主有限合夥指數代表。資料來源：彭博、彭博巴克萊、摩根大通、晨星、標準普爾及聯博

孳息率的市場規模正在縮小 孳息率超過4%的資產類別*

目前賺取孳息率需要承擔更大的風險†混合投資組合的標準差需要達到預期的孳息率目標

行業平均10年期孳息率及年化回報(百份比)指數回報所代表的行業（2009年1月至2018年12月）

百分

比%

美國國庫債券 美國按揭抵押證券 美國商業按揭抵押證券 歐元國庫債券環球投資級別公司債券 美國高收益公司債券 新興市場高收益債券 歐元高收益債券

0

20

40

60

80

100

00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

2007 2018

百分比

%

0

1

2

3

4

5

6

7

8

3%收益率 4%收益率 5%收益率

年份

OVERALL MORNINGSTAR RATINGTMClass A USD Shares

(USD Moderate Allocation Category) 734

*

跨領域收益基金 第4季 2019

此信息只針對本基金和相關股份類別已註冊之司法權區內人士或其他方式合法接收之人士。投資前，投資者應審查基金的認購章程全文，連同基金的產品資料概要，以及最近期的財務報表。這些文件的副本，其中包括最近期的年度報告，以及如果其後頒布者，則為最近期的中期報告，可瀏覽www.abfunds.com.hk或聯繫基金獲授權經銷司法權區的當地經銷商免費索取。聯博－跨領域收益基金為AB SICAV I（即“聯博”）旗下的一個投資組合。聯博是根據盧森堡大公國法律註冊成立的開放型可變資本投資公司(société d'investissement à capital variable)，法定名稱為AB SICAV I。在2016年2月5日之前，聯博的法定名稱為ACMBernstein SICAV，營業名稱為AllianceBernstein。自2018年5月4日起，聯博－跨領域收益基金已從聯博旗下的AB FCP I 投資組合，重建為聯博旗下的AB SICAV I 投資組合。

本基金成立日期指聯博－成熟市場股債收益基金的成立日期。於2018年2月22日，聯博－成熟市場股債收益基金更改名稱為聯博－跨領域收益基金，基金的投資目標及政策亦有所變動。2018年2月22日之前有關本基金的資料屬於聯博－成熟市場股債收益基金。

以往表現並非未來業績的保證。本基金股份只可根據本基金的現行認購章程連同最近的財務報表發售。如有提及任何個別證券，目的僅為說明本公司投資理念的應用，不可視為聯博所作推薦。本資料所指明及所述的個別證券，並不代表為本基金買入、賣出或建議的所有證券，本基金於任何特定時間可能持有，亦可能不持有。不應假定投資於此等證券在以往或將來均可獲得利潤。

投資風險─投資於本基金須承擔若干風險。投資於本基金的回報及本金值會有波動，故投資者的股份在贖回時的價值可能高於或低於原來成本。並非所有股份類別均可獲派息，亦無派息保證。本基金旨在作為分散投資的工具，並非完整投資計劃。以基金基準貨幣以外的貨幣所計價的回報，可能受外匯波動有所增加或減少。此等風險以及其他風險在本基金認購章程內有說明。準投資者應細閱認購章程及其風險因素，並與其理財顧問商討本基金的風險及各項費用，以確定是否適合投資。

* Overall Morningstar Rating是晨星有限公司2019版權所有。晨星提供的資料：(1) 為晨星的獨有資產；(2)未經許可不得複製或轉載；及(3) 晨星未就資料的完整性、準確性及即時性作出任何保證。晨星及其內容供應商對於因使用相關資料而作出的交易決定均不承擔任何責任。過往績效紀錄不能保證未來投資結果。晨星將同類型基金比較，以其表現為基礎（經考慮風險及銷售費用而調整後），從一到五星評級。於晨星各分類內，表現首10%的基金評為五星，接下來的22.5%的基金評為四星，中間35%的基金評為三星，接下來22.5%的基金評為兩星，而尾10%的基金評為一星。基金評級分為三個時段：三年、五年和十年；評級會結合並產生一個整體評級。基金成立少於三年並不獲評級。評級是客觀的，完全以歷來表現的數學評價為基礎。評級為鑑定值得進一步研究的基金的有用工具，但不應被視作買入或贖回基金的信號。截至2019年9月30日。

^貨幣對沖股份類別運用對沖技術，嘗試減低（但並不能完全消除）基金基準貨幣與投資者所持有的對沖股份類別的投資貨幣之間的匯率波動，其目的是達致更接近以基準貨幣計算的回報。單獨的貨幣符號代表其它報價貨幣類別，即可用該貨幣買入或贖回基金，然後依買進或贖回時的市場匯率兌換成基金基準貨幣。此類報價貨幣並無貨幣對沖，亦不提供對貨幣匯率波動的保護。

††聯博─跨領域收益基金（AD類，美元)歷年的表現：-5.81%（自成立日至2018年終）及12.93%（2019年初至今）。資料來源：聯博，按資產淨值比較計算，股息用於再投資，以美元計，截至2019年9月30日。AD類（美元）的成立日期為：2014年12月18日。本基金成立日期指聯博-成熟市場股債收益基金的成立日期。請注意所有「自成立日」的表現均以2018年2月22日起計算。有關詳情載於認購章程內。

此文件並未經證監會審閱。

此文件的發行者為聯博香港有限公司。

© 2019 AllianceBernstein L.P. [A/B] 標誌為AllianceBernstein的服務標記，而AllianceBernstein ® 為註冊商標，須獲得其擁有人AllianceBernstein L.P. 的批准方可使用。

（本文件刊發日期：2019年11月5日）

AMI-PRF-CH-HK-0919

6. 跨領域收益： 基金特點

4. 基金基本資料基金經理

Morgan C. Harting, CFA, CAIADaniel Loewy, CFAKaren Watkin

成立日期 11/12/2014 (A股–美元)基準貨幣 美元其他報價貨幣^ 港元

貨幣對冲股份類別^ 澳元、加元、歐元、英鎊、 紐西蘭元、新加坡元發售類別 A、AD基金規模 579.35 百萬美元

截至2019年9月30日。所有基金統計數據可予變動。由於四捨五入，數字總計可能與實際總和不符。資料來源：聯博

3. 設計靈活的收益解決方案 ， 提供穩定的高收益及主動配置傳統收益來源

固定收益 40%-60% 股票 30%-50% 非傳統收益 10%-20%

非傳統收益來源

高收益債券

高股息股票 環球股票

優先房地產投資信託

普通房地產投資信託 機會型股票

股票期權策略 貨幣

新興市場債券

證券化 資產

投資級別信貸及

主權債券

僅作參考用途。恕不保證能實現任何投資目標。資料來源：聯博

5. 過往派息記錄††

資料來源：聯博。截至2019年9月30日

AD類美元股份以下股份類別旨在每月宣派及派付股息 。 股息金額／派息率並無保證 ， 可從投資組合的資本中支付 。 （請參閱重要事項5） 。 正股息派發不表示正回報 。

月份 資產淨值(美元) 股息(美元)09/30/2019 12.62 0.083008/30/2019 12.58 0.083007/31/2019 12.70 0.083006/28/2019 12.61 0.083005/31/2019 12.38 0.083004/30/2019 12.59 0.0830

環球信貸固定收益證券35.34%

低波幅股票13.31%

高息股票 13.25%

股票期權策略 11.08%

房地產投資信託特別股7.84%

非美元主權 7.49%

股票期權策略 7.47%

房地產投資信託普通股2.23%

機會型股票 1.99%

基金組成（百分比） 國家配置

美國 62.06%

英國 4.10%

日本 2.33%

法國 1.92%

加拿大 1.90%

澳洲 1.89%

瑞士 1.85%

巴西 1.53%

印尼 1.48%

其他 20.94%

尋求投資於風險受控並具有穩定及高收益的資產

靈活配置轉移

資料來源：聯博。截至2019年9月30日

報價貨幣包括美元及港元，亦備有澳元、加元、歐元、英鎊、紐西蘭元及新加坡元

對沖股份類別。^

MULTI-ASSET 多元資產

December 2019 年 12 月 MONTHLY NAV AND DIVIDEND SUMMARY

每月資產淨值及股息摘要

AB - All Market Income Portfolio 聯博 - 跨領域收益基金 NAV and Dividend Information as of 12/31/2019 截至 12/31/2019 的資產淨值及股息資料 The share classes below intend to declare and pay monthly dividends. Dividend amount/distribution rate is not guaranteed and may be paid from capital of the Portfolio. (See Important Information 5) 以下股份類別旨在每月宣派及派付股息。派息/息率並無保證，派息可從資本中支付。(注意重要事項 5)

Class AD shares, AUD-Hedged^ (ISIN: LU1127387899) AD類股份，澳元對沖^

Class AD shares, CAD-Hedged^ (ISIN: LU1127387626) AD類股份，加元對沖^

Month 月份

NAV (A$) 資產淨值 (澳元)

DIV (A$) 股息 (澳元)

Month 月份

NAV (CAD) 資產淨值（加元）

DIV (CAD) 股息（加元）

12/31/2019 12.47 0.0718 12/31/2019 12.43 0.0766 11/29/2019 12.44 0.0718 11/29/2019 12.40 0.0766 10/31/2019 12.43 0.0718 10/31/2019 12.39 0.0766 09/30/2019 12.40 0.0718 09/30/2019 12.35 0.0742 08/30/2019 12.36 0.0718 08/30/2019 12.31 0.0742 07/31/2019 12.49 0.0718 07/31/2019 12.44 0.0742 06/28/2019 12.40 0.0771 06/28/2019 12.35 0.0742 05/31/2019 12.18 0.0771 05/31/2019 12.13 0.0742 04/30/2019 12.39 0.0771 04/30/2019 12.34 0.0742 03/29/2019 12.29 0.0771 03/29/2019 12.23 0.0742 02/28/2019 12.21 0.0771 02/28/2019 12.15 0.0742 01/31/2019 12.14 0.0771 01/31/2019 12.09 0.0742

Class AD shares, USD (ISIN: LU1127387386) AD類股份，美元

Class AD shares, HKD^ (ISIN: LU1127390414) AD類股份，港元^

Month 月份

NAV (US$) 資產淨值 (美元)

DIV (US$) 股息 (美元)

Month 月份

NAV (HK$) 資產淨值 (港元)

DIV (HK$) 股息 (港元)

12/31/2019 12.70 0.0830 12/31/2019 85.20 0.5603 11/29/2019 12.67 0.0830 11/29/2019 85.35 0.5603 10/31/2019 12.66 0.0830 10/31/2019 85.41 0.5603 09/30/2019 12.62 0.0830 09/30/2019 85.16 0.5603 08/30/2019 12.58 0.0830 08/30/2019 84.86 0.5603 07/31/2019 12.70 0.0830 07/31/2019 85.58 0.5603 06/28/2019 12.61 0.0830 06/28/2019 84.78 0.5603 05/31/2019 12.38 0.0830 05/31/2019 83.54 0.5603 04/30/2019 12.59 0.0830 04/30/2019 85.01 0.5603 03/29/2019 12.48 0.0830 03/29/2019 84.32 0.5603 02/28/2019 12.40 0.0830 02/28/2019 83.79 0.5603 01/31/2019 12.33 0.0830 01/31/2019 83.28 0.5603

Important Information 重要事項 1. The portfolio invests in equity and debt securities of issuers located throughout the world, including developed and emerging markets. 本基金是投資於世界各地（包括成熟及新興市場）的發行人的股票及債務證券。 2. Invest in emerging markets is subject to higher volatility and higher risks (e.g. liquidity risk, currency risk, political risk, regulatory risk and economic risk). 投資於新興市場面對較高的波動性及較高的風險（例如流動性風險、貨幣風險、政治風險、監管風險及經濟風險）。 3. Investment in the portfolio may involve general investment risk, currency risk, equity securities risk, fixed-income securities risks, country risks, dynamic asset allocation risk, risk associated with repurchase / reverse repurchase

transactions and other similar over-the-counter transaction and risks associated with cash / cash equivalent instruments. Exposure to lower rated and unrated instruments can subject the Portfolio to greater risk of loss of principal and interest than higher-rated securities. 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.

投資於本基金可能涉及一般投資風險、貨幣風險、股本證券風險、固定收益證券風險、國家風險、動態資產配置風險、回購及逆回購交易以及其他類似場外交易的相關風險及現金或現金等價物工具的相關風險。低評級及無評級工具被視為須承受本金及利息損失的更大風險。基金價格可反覆波動，並可在一段短時期內顯著下跌。閣下於本基金的投資可能會價值全失。

4. The portfolio is entitled to use financial derivative instruments for hedging, risk management, efficient portfolio management and investment purposes which may involve additional risks. 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 instruments may lead to a high risk of significant loss by the Portfolio. 本基金可使用衍生工具達到對沖、風險管理、有效基金管理及投資用途的目的，這可能涉及額外風險。金融衍生工具的槓桿元素╱成份可導致損失大幅高於本基金投資於金融衍生工具的金額。投

資金融衍生工具可導致本基金蒙受重大損失的高度風險。 5. 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. 本基金可從資本中或實際上以資本撥付派息(此舉可構成部分退回或撤回投資者原本的投資)或來自原本投資應佔的任何資本收益，由此即時減低每股資產淨值。 6. Investors should not rely on this document alone to make investment decisions. 投資者不應只依賴本文件而作出投資決定。

AMI–DYI–EN–CH–HK–1219 (Issue date of this document 本文件刊發日期: 01/09/2020)

Class AD shares, EUR-Hedged^ (ISIN: LU1127388434) AD類股份，歐元對沖^

Class AD shares, GBP-Hedged^ (ISIN: LU1127388517) AD類股份，英鎊對沖^

Month 月份

NAV (EUR) 資產淨值（歐元）

DIV (EUR) 股息（歐元）

Month 月份

NAV (GBP) 資產淨值（英鎊）

DIV (GBP) 股息（英鎊）

12/31/2019 12.52 0.0562 12/31/2019 12.47 0.0684 11/29/2019 12.49 0.0562 11/29/2019 12.45 0.0684 10/31/2019 12.48 0.0562 10/31/2019 12.44 0.0684 09/30/2019 12.45 0.0538 09/30/2019 12.41 0.0662 08/30/2019 12.40 0.0538 08/30/2019 12.36 0.0662 07/31/2019 12.53 0.0538 07/31/2019 12.49 0.0662 06/28/2019 12.44 0.0538 06/28/2019 12.40 0.0662 05/31/2019 12.22 0.0538 05/31/2019 12.18 0.0662 04/30/2019 12.43 0.0538 04/30/2019 12.39 0.0662 03/29/2019 12.32 0.0538 03/29/2019 12.29 0.0662 02/28/2019 12.25 0.0538 02/28/2019 12.21 0.0662 01/31/2019 12.18 0.0538 01/31/2019 12.15 0.0662

Class AD shares, NZD-Hedged^ (ISIN: LU1127387469) AD類股份，紐元對沖^

Class AD shares, SGD-Hedged^ (ISIN: LU1127388194) AD類股份，新加坡元對沖^

Month 月份

NAV (NZD) 資產淨值 (紐元)

DIV (NZD) 股息 (紐元)

Month 月份

NAV (SGD) 資產淨值 (新加坡元)

DIV (SGD) 股息 (新加坡元)

12/31/2019 12.52 0.0735 12/31/2019 12.50 0.0764 11/29/2019 12.49 0.0735 11/29/2019 12.47 0.0764 10/31/2019 12.48 0.0735 10/31/2019 12.46 0.0764 09/30/2019 12.45 0.0776 09/30/2019 12.42 0.0764 08/30/2019 12.40 0.0776 08/30/2019 12.38 0.0764 07/31/2019 12.53 0.0776 07/31/2019 12.50 0.0764 06/28/2019 12.44 0.0776 06/28/2019 12.42 0.0733 05/31/2019 12.22 0.0776 05/31/2019 12.19 0.0733 04/30/2019 12.43 0.0776 04/30/2019 12.39 0.0733 03/29/2019 12.32 0.0776 03/29/2019 12.28 0.0733 02/28/2019 12.25 0.0776 02/28/2019 12.20 0.0733 01/31/2019 12.18 0.0776 01/31/2019 12.13 0.0733

On 22 February 2018, AB FCP I - Developed Markets Multi-Asset Income Portfolio was renamed as AB FCP I - All Market Income Portfolio and the Portfolio’s investment objectives and policies have been changed. All data prior to 22 February 2018 relates to the AB FCP I - Developed Markets Multi-Asset Income Portfolio. 於 2018 年 2 月 22 日，聯博 - 成熟市場股債收益基金更改名稱為聯博 - 跨領域收益基金，基金的投資目標及政策亦有所變動。2018 年 2月 22日之前有關本基金的資料屬於聯博 - 成熟市場股債收益基金。 The calendar year performance for AB - All Market Income Portfolio: Class AD, USD — -5.81% (Since Inception to Year Ended 2018) and 15.89% (2019 YTD). Source: AllianceBernstein (AB), calculated on an NAV-to-NAV basis with dividend reinvested, in U.S. Dollars, as of 31 December 2019. Inception Date for Class AD (USD): 18 December 2014. The Portfolio Inception Date refers to the inception date of the AB FCP - Developed Markets Multi-Asset Income Portfolio. Please note all “Since Inception” performance is calculated from 22 February 2018. Please see the prospectus for details. 聯博 - 跨領域收益基金歷年的表現：AD類，美元— -5.81%（自成立日至 2018年終）及 15.89%（2019年初至今）。資料來源：AB，按資產淨值比較計算，股息用於再投資，以美元計，截至 2019年 12月 31日。 AD 類（美元）的成立日期為： 2014 年 12月 18日。本基金成立日期指聯博 - 成熟市場股債收益基金的成立日期。請注意所有「成立迄今」的表現均以 2018年 2 月 22 日起計算。有關詳情載於認購章程內。 ^ Currency-hedged share classes use hedging techniques in an attempt to reduce – but not eliminate – fluctuations between the investor’s holdings in a particular currency-hedged share class denominated in the investor’s investing currency and the portfolio’s base currency. The goal is to deliver returns that track the portfolio’s base currency returns more closely. Stand-alone currency symbols represent convenience pricing, which offers the ability to purchase or redeem shares using the currency indicated, which is then converted into the base currency of the portfolio using a market rate at the time of purchase or redemption. Convenience pricing involves no currency hedging and does not seek to provide any protection from currency fluctuations. ^ 對沖股份類別運用對沖技術，嘗試減低（但並不能完全消除）基金基準貨幣與投資者所持有的對沖股份類別的投資貨幣之間的匯率波動，其目的是達致更接近以基準貨幣計算的回報。單獨的貨幣符號代表 其它報價貨幣類別，即可用該貨幣買入或贖回基金，然後依買進或贖回時的市場匯率兌換成基金基準貨幣。此類報價貨幣並無貨幣對沖，亦不提供對貨幣匯率波動的保護。 AB SICAV I - All Market Income Portfolio is part of AB SICAV I (referred to as “AB”). AB is an open-ended investment company with variable capital (société d'investissement à capital variable) incorporated under the laws of the Grand Duchy of Luxembourg. Prior to 5 February 2016, AB’s legal name was ACMBernstein SICAV, its trading name was AllianceBernstein. Effective 4 May 2018, AB - All Market Income Portfolio has been restructured from AB FCP I into AB SICAV I. 聯博 - 跨領域收益基金為 AB SICAV I（即“聯博”）旗下的一個投資組合。聯博是根據盧森堡大公國法律註冊成立的開放型可變資本投資公司(société d'investissement à capital variable)，法定名稱為 AB SICAV I。在 2016年 2 月 5 日之前，聯博的法定名稱為 ACMBernstein SICAV，營業名稱為 AllianceBernstein。自 2018 年 5 月 4 日起，聯博 - 跨領域收益基金已從聯博旗下的 AB FCP I 投資組合，重建為聯博旗下的 AB SICAV I 投資組合。 This information is directed solely at persons in jurisdictions where the funds and relevant share class are registered or who may otherwise lawfully receive it. Before investing, investors should review the fund’s full prospectus, together with the fund’s Product Key Facts and the most recent financial statements. Copies of these documents, including the latest annual report and, if issued thereafter, the latest semi-annual report, may be obtained free of charge from www.abfunds.com.hk or by contacting the local distributor in the jurisdictions in which the funds are authorized for distribution. 此信息只針對本基金和相關股份類別已註冊之司法權區內人士或其他方式合法接收之人士。投資前，投資者應審查基金的認購章程全文，連同基金的產品資料概要，以及最近期的財務報表。這些文件的副

本，其中包括最近期的年度報告，以及如果其後頒布者，則為最近期的中期報告，可瀏覽 www.abfunds.com.hk 或聯繫基金獲授權經銷司法權區的當地經銷商免費索取。 Past performance is no guarantee of future results. Total returns, provided by AB, include the change in Net Asset Value and reinvestment of any distributions paid on portfolio shares for the period shown, but do not reflect sales charges. Shares of the portfolio are offered only pursuant to the portfolio’s current Prospectus together with the most recent financial statements. 以往表現並非未來業績的保證。AB提供的總回報反映資產淨值的變動，並於所示時期內就基金股份所支付的任何分派均用於再投資，但不反映銷售費。所列回報不一定代表投資者所得的實際回報。本基金股份只可根據本基金的現行認購章程連同最近的財務報表發售。 Investment Risks—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. Dividends are not paid for all share classes and are not guaranteed. The Fund is meant as a vehicle for diversification and does not represent a complete investment program. Returns denominated in a currency other than the base currency of the fund may increase or decrease as a result of foreign exchange currency fluctuations. These and other risks are described in the Fund’s prospectus. Prospective investors should read the prospectus including risk factors carefully and discuss risk and the fund’s fees and charges with their financial adviser to determine if the investment is appropriate for them. 投資風險－投資於本基金須承擔若干風險。投資於本基金的回報及本金值會有波動，故投資者的股份在贖回時的價值可能高於或低於原來成本。並非所有股份類別均可獲派息，亦無派息保證。本基金旨在

作為分散投資的工具，並非完整投資計劃。以基金基準貨幣以外的貨幣所計價的回報，可能受外匯波動有所增加或減少。此等風險以及其他風險在本基金認購章程內有說明。準投資者應細閱認購章程及其

風險因素，並與其理財顧問商討本基金的風險及各項費用，以確定是否適合投資。 Source: AB, as of 31 December 2019. 資料來源：AB，截至 2019 年 12月 31 日。 This document is issued by AllianceBernstein Hong Kong Limited and has not been reviewed by the Securities and Futures Commission. 此文件的發行者為聯博香港有限公司及未經證監會審閱。

©2020 AllianceBernstein L.P. 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. ©2020 AllianceBernstein L.P. [A/B] 標誌為 AllianceBernstein 的服務標記，而AllianceBernstein為註冊商標，須獲得其擁有人AllianceBernstein L.P. 的批准方可使用。

Dec 2019年12月

All data as of 所有資料截至 31/12/2019

AB - All Market Income Portfolio聯博－跨領域收益基金

Important Information 重要事項1 Invest in emerging markets is subject to higher volatility and higher risks (e.g. liquidity risk, currency risk, political risk, regulatory risk and economic risk).投資於新興市場面對較高的波動性及較高的風險（例如流動性風險、貨幣風險、政治風險、監管風險及經濟風險）。

2 Investment in the portfolio may involve general investment risk, currency risk, equity securities risk, fixed-income securities risks, country risks, dynamic asset allocation risk, risk associated with repurchase /reverse repurchase transactions and other similar over-the-counter transaction and risks associated with cash / cash equivalent instruments. Exposure to lower rated and unrated instruments can subject thePortfolio to greater risk of loss of principal and interest than higher-rated securities. The value of the portfolio can be volatile and can go down substantially within a short period of time. It is possible that theentire value of your investment in the portfolio can be lost.投資於本基金可能涉及一般投資風險、貨幣風險、股本證券風險、固定收益證券風險、國家風險、動態資產配置風險、回購及逆回購交易以及其他類似場外交易的相關風險及現金或現金等價物工具的相關風險。低評級及無評級工具被視為須承受本金及利息損失的更大風險。基金價格可反覆波動，並可在一段短時期內顯著下跌。閣下於本基金的投資可能會價值全失。

3 The portfolio is entitled to use financial derivative instruments for hedging, risk management, efficient portfolio management and investment purposes which may involve additional risks. 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 instrumentsmay lead to a high risk of significant loss by the Portfolio.本基金可使用衍生工具達到對沖、風險管理、有效基金管理及投資用途的目的，這可能涉及額外風險。金融衍生工具的槓桿元素／成份可導致損失大幅高於本基金投資於金融衍生工具的金額。投資金融衍生工具可導致本基金蒙受重大損失的高度風險。

4 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 tothat original investment and result in an immediate decrease of the Net Asset Value per Share.本基金可從資本中或實際上以資本撥付派息(此舉可構成部分退回或撤回投資者原本的投資)或來自原本投資應佔的任何資本收益，由此即時減低每股資產淨值。

5 Investors should not rely on this document alone to make investment decisions.投資者不應只依賴本文件而作出投資決定。

Portfolio Objective/ Strategy/ Key Features 基金目標/ 策略/ 特色The Portfolio seeks to meet its investment objective by obtaining exposure primarily (more than 90%) to the equity anddebt securities of issuers located throughout the world, including developed and emerging markets. Normally, thePortfolio targets a balanced weighting between equity and fixed-income securities, though this will vary depending onmarket conditions. The Portfolio is not subject to any limitation on the portion of its net assets that may be invested inequities, fixed income securities or currencies. The Portfolio seeks to invest in equity securities which can provide ahigh level of income and/or long-term capital appreciation. Fixed income securities in which the Portfolio may investinclude bonds and other fixed or floating rate securities, which can provide a high level of income and are issued bygovernment issuers, government agencies, supranational issuers and corporate issuers, as well as various types ofasset-backed and mortgage-related securities.

本基金力求透過主要（超過 90%）投資於世界各地（包括成熟及新興市場）的發行人的股票及債務證券達致其投資目標。投資管理人將積極配置股本證券、固定收益證券、貨幣、現金及現金等價物，以尋求實現本基金投資目標。一般而言，本基金將達致股票及固定收益證券持倉間的平衡，但這將因應市況而變動。對於將淨資產投資於股票、固定收益證券或貨幣的百分比，本基金不受任何限制。 本基金尋求投資於具有高收益及／或長期資本增值的股本證券。本基金可投資的固定收益證券包括具有高收益且由政府發行人、政府機構、跨境發行人及企業發行人發行的債券及其他 固定或浮動利率證券以及各類資產抵押及按掲相關證券。

Portfolio Composition^ 投資組合配置^

Current Allocation 投資組合分佈Equity 股票 40.45%Fixed Income固定收益證券 48.34%Non-Traditional 非傳統 11.21%

Portfolio Composition 投資組合結構Global Credit Fixed Income環球信貸固定收益證券 35.04%High Dividend Equities高息股票 14.14%Low Volatility Equities低波幅股票 12.82%Equity Options Strategies股票期權策略 11.21%Preferred REITs房地產投資信託特別股 8.06%Non-US Sovereigns非美元主權 7.11%US Sovereigns美元主權 6.19%Opportunistic Equities機會型股票 3.26%Common REITs房地產投資信託普通股 2.17%

Country Allocation 國家分佈United States 美國 64.70%United Kingdom 英國 3.90%Japan 日本 2.49%Canada 加拿大 2.12%France 法國 1.95%Australia 澳洲 1.69%Switzerland 瑞士 1.68%Netherlands 荷蘭 1.34%Brazil 巴西 1.20%Other 其它 18.93%

Credit Quality^^ 信貸評級^^AAA 21.81%AA 0.01%A 1.61%BBB 10.47%BB 20.94%B 18.03%CCC & BelowCCC 及以下 2.71%Not Rated 無評級 13.32%Short-Term Investments短期投資 11.10%

^ Holdings are expressed as a percentage of total investments and may vary over time.投資組合配置比重以總投資比重之百分比表示，可能隨時間而改變。

^^ All ratings are based on ratings of S&P,Moody’s and Fitch. Sector Allocation/High Yield uses a split to lower with twodifferent ratings (and a split to middle for three ratings); Credit Quality uses a split to higher.所有評級均基於標準普爾、穆迪及惠譽。行業分佈/高收益使用兩個不同評級中較低的評級（及三個不同評級中中等的評級）；信貸評級使用較高的評級。

# Source: S&P, Moody’s, Fitch and AllianceBernstein (AB).資料來源: 標準普爾、穆迪、惠譽及 AB。

1. As a percentage of purchase price for Classes A and AD only.適用於 A 股及 AD 股之費用，以認購價格之百分比計算。

2. As an annual percentage of average daily Net Asset Value.以每日平均資產淨值之年度百分比率計費用。

Profile 基金資料Domicile註冊地點 Luxembourg 盧森堡

Inception Date*

基金成立日*11/12/2014（Class A – USD）（ A 股–美元 ）

Fiscal Year End財政年度終結 31 May（5 月 31 日）

Net Assets淨資產 $864.27 Million 百萬美元

Subscription/Redemption認購/贖回

Daily 每日

Base Currency基準貨幣 USD 美元

Reporting Currencies其他報價貨幣 HKD 港元

Currency HedgedShare Classes†

貨幣對冲股份類別†

AUD, CAD, EUR, GBP, NZD,SGD澳元，加元，歐元，英鎊，紐西蘭元，新加坡元

Average Credit Quality#

平均信貸質素#BBB

Initial Sales Charge1

首次認購費 1Up to 最多為 5.00%（Class A & AD 股）

Management Fee2

管理費 21.50%

Management CompanyFee2

管理公司費 20.10%

Portfolio ManagementTeam基金管理團隊

Morgan C. Harting, CFA, CAIADaniel Loewy, CFAKaren Watkin

For fees applicable to other share classes, please refer to the offeringdocuments for details.有關其他股份類別的費用詳情，請參閱基金銷售文件。

* On 22 February 2018, AB FCP I—Developed Markets Multi-Asset IncomePortfolio was renamed as AB FCP I—All Market Income Portfolio, and thePortfolio’s investment objectives and policies have been updated. ThePortfolio Inception Date refers to the inception date of the AB FCP I—Developed Markets Multi-Asset Income Portfolio. Please note all “SinceInception” performance on page 2 is calculated from 22 February 2018.

* 於 2018 年 2 月 22 日，聯博－成熟市場股債收益基金更改名稱為聯博－跨領域收益基金，基金的投資目標及政策亦有所更新。本基金成立日期指聯博－成熟市場股債收益基金的成立日期。請注意於第 2 頁內所有「成立迄今」的表現均以 2018 年 2 月 22 日起計算。

Offering documents can bedownloaded here:基金銷售文件可在此下載:

English 中文

Dec 2019年12月

All data as of 所有資料截至 31/12/2019

Top 5 Equity Holdings 五大股票持股

Holding 持股量JPMorgan Alerian MLP Index ETN 2.98%iShares S&P 500 Financials Sector UCITS ETF 1.15%Microsoft 0.93%Apple 0.87%Annaly Capital Management 0.81%Total 合共 6.74%

Top 5 Fixed Income Holdings 五大定息債券持股

Holding 持股量Nigeria Govt Intl Bond 7.625%, 11/21/25 - 11/28/47 0.46%Senegal Govt Intl Bond 6.75%, 3/13/48 0.40%Brazil Letras do Tresouro Nacl Zero Coupon, 1/01/20 0.39%Ukraine Govt Intl Bond 7.75%, 9/01/22 - 9/01/27 0.36%Sri Lanka Govt Intl 6.85%, 3/14/24 - 11/03/25 0.34%Total 合共 1.95%

Calendar Year Returns 年度回報%~

-10

0

10

20

2014 2015 2016 2017 2018†† 2019 YTD

2014 2015 2016 2017Since Inception to

Year Ended 2018††成立日至 2018 年終††

2019 YTD年初迄今

Class A – USDA 股–美元 - - - - -5.77 15.87

Cumulative Total Returns 總累積回報%~

1 Year（年）

3 Year（年）

5 Year（年）

10 Year（年）

SinceInception††成立迄今††

Class A – USDA 股–美元 15.87 - - - 10.24

††Please refer to footnote ~ for Inception Date of Class A - USD.††請見附註~有關 A 股 – 美元的成立日。Source: AB, calculated on an NAV-to-NAV basis, with dividend reinvested, in U.S. Dollars資料來源：AB，按資產淨值比資產淨值計算，股息用於再投資，以美元計。

Past performance is no guarantee of future results. Total returns, provided by AB, include the change in net asset valueand reinvestment of any distributions paid on Portfolio shares for the period shown, but do not reflect salescharges.The information on this page is for information purposes only and should not be construed as an offer to sell,or solicitation of an offer to buy, or a recommendation for the securities of the Portfolio.過往的業績不保證將來的表現。AB 所提供的總回報包括期內之資產淨值變化及股息或利息之再投資，但是並不反映認購費。本頁資訊僅作參閱之用，不應被視作銷售或誘導讀者購買或推薦本基金之證券。

NAV & Dividend Information (as of 31/12/2019)†資產淨值及股息資料（截至 2019 年 12 月 31 日）†

AD share classes below intend to declare and pay dividends. Dividendamount/distribution rate is not guaranteed and may be paid from capital ofthe Portfolio. (See Important Information 4)

AD 股份類別旨在提供每月派息。派息並無保證及可從資本中支付。(注意重要事項 4)

NAV基金淨值

Dividend股息 Bloomberg ISIN

Class A – USDA 股–美元 18.62 - ACDMAUA:LX LU1127386735

Class A – HKDA 股–港元 125.05 - ACDAHKA:LX LU1127390331

Class A – SGD(H)A 股–新加坡元（對沖） 18.25 - ADMASGH:LX LU1127386909

Class AD – USDAD 股–美元 12.70 0.0830 ACDAADU:LX LU1127387386

Class AD – HKDAD 股–港元 85.20 0.5603 ACDADAI:LX LU1127390414

Class AD – AUD(H)AD 股–澳元（對沖） 12.47 0.0718 ACDADAH:LX LU1127387899

Class AD – CAD(H)AD 股–加元（對沖） 12.43 0.0766 ADMADCH:LX LU1127387626

Class AD – EUR(H)AD 股–歐元（對沖） 12.52 0.0562 ACDADEH:LX LU1127388434

Class AD – GBP(H)AD 股–英鎊（對沖） 12.47 0.0684 ADMADGH:LX LU1127388517

Class AD – NZD(H)AD 股–紐西蘭元（對沖） 12.52 0.0735 ADMADNH:LX LU1127387469

Class AD – SGD(H)AD 股–新加坡元（對沖） 12.50 0.0764 ADMADSH:LX LU1127388194

~ On 22 February 2018, AB FCP I—Developed Markets Multi-Asset Income Portfolio was renamed as AB FCP I—All Market Income Portfolio, and the Portfolio’s investment objectives and policies have been updated. The PortfolioInception Date refers to the inception date of the AB FCP I—Developed Markets Multi-Asset Income Portfolio. Please note all “Since Inception” performance on page 2 is calculated from 22 February 2018. Please see the prospectus fordetails.~ 於 2018 年 2 月 22 日，聯博－成熟市場股債收益基金更改名稱為聯博－跨領域收益基金，基金的投資目標及政策亦有所更新。本基金成立日期指聯博－成熟市場股債收益基金的成立日期。請注意於第 2 頁內所有「成立迄今」的表現均以 2018 年 2 月 22 日起計算。有關詳情載於認購章程內。† Currency-hedged share classes use hedging techniques in an attempt to reduce – but not eliminate – fluctuations between the investor’s holdings in a particular currency-hedged share class denominated in the investor’s investingcurrency and the portfolio’s base currency. The goal is to deliver returns that track the portfolio’s base currency returns more closely. Stand-alone currency symbols represent convenience pricing, which offers the ability to purchase orredeem shares using the currency indicated, which is then converted into the base currency of the portfolio using a market rate at the time of purchase or redemption. Convenience pricing involves no currency hedging and does not seekto provide any protection from currency fluctuations.†對沖股份類別運用對沖技術，嘗試減低（但並不能完全消除）基金基準貨幣與投資者所持有的對沖股份類別的投資貨幣之間的匯率波動，其目的是達致更接近以基準貨幣計算的回報。單獨的貨幣符號代表其它報價貨幣類別，即可用該貨幣買入或贖回基金，然後依買進或贖回時的市場匯率兌換成基金基準貨幣。此類報價貨幣並無貨幣對沖，亦不提供對貨幣匯率波動的保護。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 vehiclefor diversification and does not represent a complete investment program. Returns denominated in a currency other than the base currency of the fund may increase or decrease as a result of foreign exchange currency fluctuations.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 isappropriate for them.投資於本基金須承擔若干風險。投資於本基金的回報及本金值會有波動，故投資者的股份在贖回時的價值可能高於或低於原來成本。本基金旨在作為分散投資的工具，並非完整投資計劃。以基金基準貨幣以外的貨幣所計價的回報，可能受外匯波動有所增加或減少。此等風險以及其他風險在本基金認購章程內有說明。準投資者應細閱認購章程及其風險因素，並與其理財顧問商討本基金的風險及各項費用，以確定是否適合投資。This information is directed solely at persons in jurisdictions where the funds and relevant share class are registered or who may otherwise lawfully receive it. Before investing, investors should review the fund’s full prospectus, togetherwith the fund’s Product Key Facts and the most recent financial statements. Copies of these documents, including the latest annual report and, if issued thereafter, the latest semi-annual report, may be obtained free of charge fromwww.abfunds.com.hk or by contacting the local distributor in the jurisdictions in which the funds are authorized for distribution.此信息只針對本基金和相關股份類別已註冊之司法權區內人士或其他方式合法接收之人士。投資前，投資者應審查基金的認購章程全文，連同基金的產品資料概要，以及最近期的財務報表。這些文件的副本，其中包括最近期的年度報告，以及如果其後頒布者，則為最近期的中期報告，可瀏覽 www.abfunds.com.hk 或聯繫基金獲授權經銷司法權區的當地經銷商免費索取。The Portfolio is part of AB SICAV I (referred to as “AB”). AB is an open-ended investment company with variable capital (société d’investissement à capital variable) incorporated under the laws of the Grand Duchy of Luxembourg. Prior to 5February 2016, AB’s legal name was ACMBernstein SICAV, its trading name was AllianceBernstein. Effective 4 May 2018, AB - All Market Income Portfolio has been restructured from AB FCP I into AB SICAV I.本基金為 AB SICAV I（即“聯博”）旗下的一個投資組合。聯博是根據盧森堡大公國法律註冊成立的開放型可變資本投資公司(société d'investissement à capital variable)，法定名稱為 AB SICAV I。在 2016 年 2 月 5 日之前，聯博的法定名稱為 ACMBernstein SICAV，營業名稱為 AllianceBernstein。自 2018 年 5 月 4 日起，聯博－跨領域收益基金已從聯博旗下的 AB FCP I 投資組合，重建為聯博旗下的 AB SICAV I 投資組合。This document is issued by AllianceBernstein Hong Kong Limited and has not been reviewed by the Securities and Futures Commission.此文件的發行者為聯博香港有限公司及未經證監會審閱。©2020 AllianceBernstein L.P. 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.©2020 AllianceBernstein L.P. [A/B] 標誌為 AllianceBernstein 的服務標記，而 AllianceBernstein®為註冊商標，須獲得其擁有人 AllianceBernstein L.P. 的批准方可使用。

PRODUCT KEY FACTS AB SICAV I

AllianceBernstein (Luxembourg) S.à r.l. All Market Income Portfolio December 2019

This statement provides you with key information about this product. This statement is a part of the offering document.

You should not invest in this product based on this statement alone.

Quick facts Management Company: AllianceBernstein (Luxembourg) S.à r.l. Investment Manager: AllianceBernstein L.P. (internal delegation, U.S. Delaware) Depositary: Brown Brothers Harriman (Luxembourg) S.C.A. Dealing frequency: Daily Base currency: U.S. Dollar Dividend policy: (i) For Classes AD and CD Shares (and corresponding H Shares):

Aims to declare and pay monthly or be reinvested as elected by investor* (ii) For Classes AX, BX and CX Shares:

Aims to declare and pay quarterly or be reinvested as elected by investor* *Dividends may be paid out of capital or effectively out of capital and reduce the Portfolio’s Net Asset Value (iii) For Classes A, A2X, B2X, C and C2X Shares (and corresponding H Shares): None

Financial year end of this Portfolio: 31 May Ongoing charges over a fiscal year: Classes A and AD Shares

(and corresponding H Shares )

Classes A RMB H and AD RMB H Shares

Classes AX and A2X Shares

1.85% ▲ 1.85% Δ 1.65% ▲

Classes BX and B2X Shares Classes C and CD Shares Classes CX and C2X

Shares 2.65% ▲ 2.30% ▲ 2.10% ▲ Min. investment*: Initial Additional Classes A, AD, C and CD Shares (and corresponding H Shares)

USD2,000 | HKD15,000 | AUD2,000 USD750 | HKD5,000 | AUD750 SGD3,000 | EUR2,000 | GBP2,000 CAD2,000 | NZD3,000 | RMB10,000

SGD1,000 | EUR750 | GBP750 CAD750 | NZD1,000 | RMB3,750

Classes AX, A2X, BX, B2X, CX and C2X Shares

Not offered to new investors USD750 | EUR750

Unless otherwise specified. ▲The ongoing charges of this share class have been capped at this figure and, accordingly, the excess over such figure as at the Fund’s fiscal year end has been borne by the Management Company. Δ The ongoing charges of this share class is an estimated figure. The ongoing charges of this share class have been capped at this figure and, accordingly, the excess over such figure as at the Fund’s fiscal year end will be borne by the Management Company. *Different minimum, additional and maximum investment limits may apply to different classes of shares denominated in different currencies. Investors should refer to the offering document of the Fund for details.

What is this product? The All Market Income Portfolio (the "Portfolio") is a portfolio of AB SICAV I (the "Fund"), an open-ended investment company with variable capital domiciled in Luxembourg and its home regulator is Commission de Surveillance du Secteur Financier.

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AB SICAV I All Market Income Portfolio

Objectives and Investment Strategy Objectives The investment objective of the Portfolio is income generation and long-term growth of capital.

Strategy The Portfolio seeks to meet its investment objective by obtaining exposure primarily (more than 90%) to the equity and debt securities of issuers located throughout the world, including developed and emerging markets. The Investment Manager will actively allocate between equity securities, fixed-income securities, currencies, cash and cash equivalents in seeking to achieve the Portfolio’s investment objective. The Investment Manager may obtain exposure to such instruments through direct investment, the use of financial derivative instruments and by investing in other pooled investment vehicles, including in exchange traded funds. The Investment Manager will utilize its proprietary "Dynamic Asset Allocation" strategy to adjust the Portfolio’s various investment exposures among these asset classes with the goal of producing what the Investment Manager considers to be the Portfolio’s optimal risk/return profile at any particular point in time. The Portfolio is not subject to any limitation on the portion of its net assets that may be invested in equities, fixed income securities or currencies.

It is anticipated that under normal market conditions the Portfolio will not hold below-Investment Grade1 or unrated2 fixed income securities in excess of 30% of its net assets, as measured at time of purchase, provided that the Portfolio’s exposure to distressed securities will not exceed 10% of its net assets.

The Portfolio may invest in structured securities (both Investment Grade and non-Investment Grade) originated by a wide range of originators and sponsors. Such structured securities include mortgage-backed securities, as well as other asset-backed securities, commercial mortgage-backed securities and collateralized debt obligations. The Portfolio’s investments in these structured securities will not exceed 20% of its net assets.

Subject to the abovementioned primary investment strategy of the Portfolio, it may also invest less than 30% of its net assets in debt instruments with loss-absorption features as defined by the SFC, including, but not limited to, contingent convertible securities.

Equity securities in which the Portfolio may invest include (but are not limited to) the equities of real estate investments trusts ("REITs"), which the Portfolio will not invest exceeding 5% of its net assets in.

The Portfolio may invest up to 10% of its net assets in securities for which there is no ready market.

The Portfolio is entitled to use financial derivative instruments for hedging, risk management, efficient portfolio management and investment purposes. Use of financial derivative instruments for efficient portfolio management, hedging techniques, and for investment purposes may include use of exchange-traded and OTC derivative instruments, including swaps, options, futures and currency transactions.

Under exceptional circumstances (e.g. market crash or major crisis), the Portfolio may be invested temporarily up to 100% in cash or cash equivalents such as bank deposits, certificates of deposit, commercial paper and treasury bills for cash flow management.

The Portfolio may invest up to 10% of its net assets and investment exposure in B-shares listed on the Shenzhen Stock Exchange or Shanghai Stock Exchange. The Portfolio may invest up to 10% of its net assets in or have investment exposure to A-shares listed on the Shenzhen Stock Exchange or Shanghai Stock Exchange. Should this investment policy change in the future, the offering documents will be updated.

The Portfolio will not invest more than 10% of its net assets in fixed-income securities issued and/or guaranteed by a single sovereign issuer (including its government, public or local authority) which is below Investment Grade.

The Portfolio may conduct repurchase and/or reverse repurchase transactions (listed on recognised exchanges and/or over-the-counter) and similar over-the-counter transactions in aggregate for up to 10% of its net assets.

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AB SICAV I All Market Income Portfolio

1Investment Grade securities means fixed-income securities rated Baa (including Baa1, Baa2 and Baa3) or higher by Moody's Investors Services, Inc. or BBB (including BBB+ and BBB-) or higher by Standard and Poor's, or the equivalent thereof by at least one internationally recognized statistical ratings organization ("IRSRO"). 2For the purpose of the Portfolio, unrated fixed-income securities is defined as fixed-income securities which neither the securities nor its issuer has a credit rating.

Use of derivatives / Investment in derivatives The Portfolio’s net derivative exposure may be up to 50% of the Portfolio’s net asset value.

What are the key risks? Investment involves risks. Please refer to the offering document for details including the risk factors. 1. General Investment Risk

The Portfolio’s investment portfolio may fall in value due to any of the key risk factors below and therefore your investment in the Portfolio may suffer losses. There is no guarantee of the repayment of principal.

2. Equities Securities Risk The Portfolio will invest in equity securities and will be subject to general market risk, the value of which may be volatile and fluctuate, sometimes dramatically, in response to the activities and performance of individual companies or because of investment sentiment, political environment, general market and economic conditions, regional and global instability and changes in currency exchange rates and interest rates. If the market value of equity securities in which the Portfolio invests in decreases, its net asset value may be adversely affected and investors may suffer substantial losses.

3. Fixed-Income Securities Risk

Credit / Counterparty Risk

The Portfolio is exposed to the credit/default risk of issuers of the fixed-income securities that the Portfolio may invest in.

Interest Rates Risk

The Portfolio invests in fixed-income securities where its value will generally vary inversely with changes in interest rates and may affect the net asset value of the Portfolio. As interest rates rise, fixed-income securities prices generally fall and vice versa. Prices of longer-term securities tend to rise and fall more than short-term securities.

Volatility and Liquidity Risk

The fixed-income securities in emerging markets that are less developed may be subject to higher volatility and lower liquidity compared to more developed markets. The prices of securities traded in such markets may be subject to fluctuations. The bid and offer spreads of the price of such securities may be large and the Portfolio may incur significant trading costs.

Downgrading Risk

The Portfolio will invest in fixed-income securities (including bonds). An issuer of such fixed-income securities may experience an adverse change in its financial condition which may in turn result in a downgrading in the credit rating assigned by an IRSRO to such issuer and fixed-income securities issued by such issuer. Credit ratings of fixed-income securities reflect the issuer's ability to make timely payments of interest or principal—the lower the rating, the higher the risk of default. The adverse change in financial condition or decrease in credit rating(s) of issuer and fixed-income securities may result in increased volatility in, and adverse impact on, the price of the relevant fixed-income security and negatively affect liquidity, making any such fixed-income security more difficult to sell. The value of the Portfolio may be adversely affected. The Investment Manager may not be able to dispose the fixed-income securities that are being downgraded.

Risk associated with Fixed Income Securities rated below Investment Grade or Unrated

The Portfolio will invest in high yield, high risk fixed-income securities (including bonds) that are rated in the lower rating categories (i.e. below Investment Grade) or which are unrated. Fixed-income securities below Investment Grade and

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AB SICAV I All Market Income Portfolio

unrated are considered to be subject to higher volatility and greater risk of loss of principal and interest than higher-rated securities and are considered to be predominantly speculative with respect to the issuer's capacity to pay interest and repay principal, which may in any case decline during sustained periods of deteriorating economic conditions or rising interest rates. The market for lower-rated securities may be thinner and less active than that for higher-rated securities, which can adversely affect the prices at which these securities can be sold. As a result the Portfolio, and thus the investors of the Portfolio, may suffer losses.

Sovereign Debt Risk

The Portfolio will be exposed to the direct or indirect consequences of political, social and economic changes in various countries by investing in the bonds issued or guaranteed by governmental entities. In adverse situations, these political, social and economic changes in a particular country may affect a particular government's ability or willingness to make or provide for timely payments of its debt obligations or may request the Portfolio to participate in restructuring such debts. The Portfolio may suffer significant losses when there is a default of sovereign debt issuers.

Risk associated with Collateralised and/or Securitised Products

The Portfolio invests in mortgage-backed securities, asset-backed securities, commercial mortgage-backed securities and collateralized debt obligations which may become illiquid and prone to substantial price volatility. These instruments may be subject to greater credit, liquidity and interest rate risk compared to other fixed-income 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.

Valuation Risk

Valuation of the Portfolio's investments may involve uncertainties and judgmental determinations. If such valuation turns out to be incorrect, this may affect the net asset value calculation of the Portfolio.

Credit Rating Risk

Credit ratings assigned by rating agencies are subject to limitations and do not guarantee the creditworthiness of the security and/or issuer at all times.

4. Country Risk - General

The Portfolio may invest in securities of issuers located in various countries and geographic regions. The economies of individual countries may differ favorably or unfavorably from each other in such respects as growth of gross domestic product or gross national product, rate of inflation, capital reinvestment, resource self-sufficiency and balance of payments position. Nationalization, expropriation or confiscatory taxation, currency blockage, political changes, government regulation, political or social instability or diplomatic developments could affect adversely the economy of a country or a portfolio's investments in such country.

5. Country Risk - Emerging Markets

The Portfolio will invest in certain emerging markets, which are subject to higher risks and special considerations not typically associated with developed markets (for example, liquidity risk, currency risks/control, political and economic uncertainties, legal and taxation risks, settlement risks and custody risk) and the likelihood of a high degree of volatility than developed markets. Fluctuations in currency exchange rates may negatively affect the value of an investment or reduce returns - these risks are magnified in emerging markets.

6. Dynamic Asset Allocation The Portfolio will allocate to different asset classes, which may have a large impact on returns if one of these asset classes significantly underperforms the others. In addition, as both the direct investments and derivative positions may be periodically rebalanced, the Portfolio may incur greater transaction costs than a fund with static allocation strategy. There is no guarantee that a manager's asset allocations and risk management techniques will produce the intended results.

7. Currency Risk Underlying investments may be denominated in one or more currencies different from the Portfolio's base currency. Also, a class of shares may be designated in a currency other than the base currency of the Portfolio. This means changes in

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AB SICAV I All Market Income Portfolio

exchange rate controls, currency movements in such underlying investments and fluctuations in the exchange rates between these currencies and the base currency may significantly and unfavorably affect the net asset value of the Portfolio's shares.

8. Risk relating to Renminbi (“RMB”) class(es) RMB is currently not freely convertible and is subject to exchange controls and restrictions. There can be no assurance that RMB will not be subject to devaluation. Any devaluation of RMB could adversely affect the value of investors’ investments in the RMB class(es) of the Portfolio. When calculating the value of the RMB class(es), offshore RMB in Hong Kong (“CNH”) will be used. The CNH rate may be at a premium or discount to the exchange rate for onshore RMB in China (“CNY”) and there may be significant bid and offer spreads. While CNH and CNY represent the same currency, they are traded in different and separate markets which operate independently. As such, CNH does not necessarily have the same exchange rate and may not move in the same direction as CNY.

Non-RMB based (e.g. Hong Kong) investors may have to convert HKD or other currencies into RMB when investing in the RMB class(es). Subsequently, investors may also have to convert the RMB redemption proceeds (received when selling the shares) and RMB distributions received (if any) back to HKD or other currencies. During these processes, investors will incur currency conversion costs and may suffer losses in the event that RMB depreciates against HKD or such other currencies upon receipt of the RMB redemption proceeds and/or RMB distributions (if any). Under exceptional circumstances, payment of redemptions and/or dividend payment in RMB may be delayed due to the exchange controls and restrictions applicable to RMB.

9. Risk in investing in financial derivative instruments Risks associated with financial derivative instruments include 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 instruments may lead to a high risk of significant loss by the Portfolio.

10. Risk associated with repurchase and reverse repurchase transactions and other similar over-the-counter transactions

Risks relating to repurchase agreements

In the event of the failure of the counterparty with which collateral has been placed, the Portfolio may suffer loss as there may be delays in recovering collateral placed out or the cash originally received may be less than the collateral placed with the counterparty due to inaccurate pricing of the collateral or market movements.

Risks relating to reverse repurchase agreements

In the event of the failure of the counterparty with which cash has been placed, the Portfolio may suffer loss as there may be delay in recovering cash placed out or difficulty in realising collateral or proceeds from the sale of the collateral may be less than the cash placed with the counterparty due to inaccurate pricing of the collateral or market movements.

11. Risks associated with payment of dividends out of capital The Board has the sole and absolute discretion to amend the dividend policy, subject to the SFC's prior approval (if required) and by giving no less than one month's prior notice to investors. Dividend yield is not indicative of return of the Portfolio. Dividends may be paid from capital or effectively out of the capital of the Portfolio at the discretion of the Board, 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. The distribution amount and net asset value of the currency hedged share classes may be adversely affected by differences in the interest rates of the offered currency of the currency hedged share classes and the Portfolio's base currency, resulting in an increase in the amount of distribution that is paid out of capital and hence a greater erosion of capital than other non-hedged share classes.

12. Risks associated with cash or cash equivalent instruments

The Portfolio may invest substantially in cash or cash equivalents such as U.S. government securities, U.K. gilts or German bunds. Such cash equivalents are not risk-free and the Portfolio's investment in such instruments is not the same as placing funds on deposit with a bank or deposit-taking company. Investors should be aware that the Portfolio does not guarantee principal and the Investment Manager has no obligation to redeem the shares at the offer value. The Portfolio is not subject

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AB SICAV I All Market Income Portfolio

to the supervision of the Hong Kong Monetary Authority. Substantial investment in cash or cash equivalents may also affect the Portfolio's ability to achieve its target return.

How has the Portfolio performed? The bar chart below shows the past performance of a share class of another fund restructured into Class A Shares of the Portfolio in 2018, as the restructured share class and Class A Shares of the Portfolio have the same features and fee structure. Class A Shares has been designated as the representative share class by the Management Company as it is a focus share class made available to Hong Kong investors.

Portfolio launch year: 2018 Class A Shares launch year: 2018.

• The performance information prior to 2018 has been simulated based on the past performance of the restructured share

class. • Past performance information is not indicative of future performance. Investors may not get back the full amount

invested. • The computation basis of the performance is based on the calendar year end, NAV-to-NAV, with dividend reinvested. • These figures show by how much the restructured share class has increased or decreased in value during the calendar

year being shown. • Performance data has been calculated in USD including ongoing charges and excluding any subscription fee and

redemption fee you might have to pay. Where no past performance is shown there was insufficient data available in that year to provide performance.

Is there any guarantee? This Portfolio does not have any guarantees. You may not get back the amount of money you invest.

What are the fees and charges? (Different fee structures apply to different classes of shares. Investors should refer to the offering document of the Fund for details.)

The  performance  of  these  years  were  achieved  under circumstances  that no  longer apply,  the  investment policy was changed since 2018.

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AB SICAV I All Market Income Portfolio

Charges which may be payable by you You may have to pay the following fees when dealing in the shares of the Portfolio: Fee What you pay Subscription fee (Initial Sales Charge)

Classes A, AD, AX and A2X Shares (and corresponding H Shares): up to 5% of the purchase price Not applicable to other Share Classes

Switching fee+ Not Applicable Redemption fee Not Applicable Contingent Deferred Sales Charge Classes BX and B2X Shares: where applicable up to 3% (depending on years

held) of the lesser of the current Net Asset Value or original cost of the Shares being redeemed Classes CX, C2X, C and CD Shares: where applicable up to 1% (depending on years held) of the lesser of the current Net Asset Value or original cost of the Shares being redeemed Not applicable to other Share Classes

+Any additional fees charged by distributors may still apply.

Ongoing fees payable by the fund The following expenses will be paid out of the Portfolio. They affect you because they reduce the return you get on your investments. Fee What you pay Management fee* Classes AX, A2X, BX and B2X Shares: 1.15%

Classes A and AD Shares (and corresponding H Shares): 1.50% Classes CX and C2X Shares: 1.60% Classes C and CD Shares: 1.95%

Depositary fee*

Up to 1.00% Administration fee payable to the Administrator* Transfer Agent fee* Performance fee Not Applicable Distribution fee* Classes BX and B2X Shares: 1.00%

Not applicable to other Share Classes Administration fee payable to the Management Company*

All Share Classes (and corresponding H Shares): 0.10%

*Percentage per annum of Net Asset Value

Other fees You may have to pay other fees when dealing in the shares of the Portfolio.

Additional Information • You may generally buy and redeem shares at the Portfolio's next-determined Net Asset Value plus any applicable charges

after the Management Company receives your request in good order on or before 4:00 P.M. U.S. Eastern Time on each Business Day (business day of both New York Stock Exchange and Luxembourg banks) for USD-denominated share classes, on or before 1:00 P.M. Central European Time on each Business Day for RMB-hedged share classes or 6:00 P.M. Central European Time on each Business Day for other currency hedged share classes and HKD-denominated share classes,

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AB SICAV I All Market Income Portfolio

each time being the order cut-off time. Investors should note that, for applications sent through a Hong Kong distributor, such distributor may have an earlier cut-off time.

• Investors may obtain the past performance information of other share classes offered to Hong Kong investors from www.alliancebernstein.com.hk.

• The Net Asset Value of the Portfolio is calculated on each Business Day and will be available on the following website www.alliancebernstein.com.hk or alternatively, you may contact AllianceBernstein Hong Kong Limited (as the Hong Kong Representative of the Fund) at +852 2918 7888.

• The compositions of the dividends (i.e., the relative amounts paid out of (i) net distributable income and (ii) capital) for the most recent 12 months can be obtained from the Investment Manager and the Hong Kong Representative on request. The compositions of the dividends will also be available at: www.alliancebernstein.com.hk.

Important If you are in doubt, you should seek professional advice. The SFC takes no responsibility for the contents of this statement and makes no representation as to its accuracy or completeness. The website www.alliancebernstein.com.hk has not been reviewed by the SFC and may contain information of funds not authorised by the SFC.

產品資料概要 聯博

AllianceBernstein (Luxembourg) S.à r.l. 跨領域收益基金 2019 年 12 月

本概要提供本基金的重要資料， 是發售文件的一部分。

請勿單憑本概要作投資決定。

資料