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.

Fund prospectuses may be requested from www.bernstein.com.

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