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AllianceBernstein Files a Group of Global Asset Allocation Funds
December 9, 2009 (PLANSPONSOR.com) – Fund manager AllianceBernstein has newly registered six global asset allocation funds, according to Simfund Filing, a product of Strategic Insight, an Asset International company.
The SCBF Overlay A and Tax-Aware Overlay A Portfolios are
designed “to moderate the volatility of an equity-oriented asset
allocation over the long term, as part of an investor’s overall asset
allocation,” the filing said.
The SCBF Overlay B and Tax-Aware Overlay B Portfolios are
designed “to moderate the volatility of a fixed-income-oriented asset
allocation over the long term, as part of an investor’s overall asset
allocation.”
The filing said the Overlay Portfolios are managed
without regard to tax considerations, and may be particularly appropriate for
investors, such as retirement plans, foundations, and IRAs, not subject to
current federal income taxation, while the Tax-Aware Overlay Portfolios seek to
minimize the impact of federal income taxes on shareholders’ returns over time.
AllianceBernstein also registered two other global asset
allocation funds: the Tax-Aware Overlay C Portfolio, which is designed to
moderate the volatility of a fixed-income-oriented asset allocation over the long
term, and seeks to minimize the impact of federal and state income taxes on
shareholders’ returns over time for California residents; and the Tax-Aware
Overlay N Portfolio, designed to moderate the volatility of a
fixed-income-oriented asset allocation over the long term, and which seeks to
minimize the impact of federal, state and local income taxes on shareholders’
returns over time for New York residents.