AllianceBernstein Suite of Inflation-Protected and Income-Generating Funds Mark Their Three-Year Anniversaries with Strong Asset

  AllianceBernstein Suite of Inflation-Protected and Income-Generating Funds
Mark Their Three-Year Anniversaries with Strong Asset Growth and High Rankings

PR Newswire

NEW YORK, April 3, 2013

NEW YORK, April 3, 2013 /PRNewswire/ --AllianceBernstein announced today that
its suite of four inflation-protected and income-generating funds --
AllianceBernstein High Income Municipal Portfolio, AllianceBernstein Municipal
Bond Inflation Strategy, AllianceBernstein Real Asset Strategy Fund and
AllianceBernstein Bond Inflation Strategy Fund -- are celebrating their
three-year anniversaries this quarter with continued asset growth, industry
recognition and strong relative performance. The suite of products, which have
attracted nearly $3 billion in assets since inception, was specifically
developed to meet clients' increasing demand for investment vehicles that
could mitigate risk, protect against spikes in inflation and generate
tax-exempt income.

"The success of these funds comes as a result of our commitment to developing
investment products that address our clients' evolving needs and the new
economic challenges they face. Several years ago, we committed to introducing
investment products that enable advisors to more effectively manage inflation
risk and the need for income -- so we created funds like Municipal Bond
Inflation, High Income Municipal, Real Asset Strategy and Bond Inflation,"
said Harold Hughes, Head of AllianceBernstein's US Retail business. "Our High
Income Municipal Fund has been the most successful new muni fund launch of the
last three years, and the level of interest and new assets our Municipal Bond
Inflation Fund has attracted shows that our client-centric approach and focus
on delivering strong performance are being well received by investors."

The following US Retail funds recently reached the three-year mark:

  oAllianceBernstein High Income Municipal Portfolio (ABTHX and ABTFX)
    advisor share class, as well as the A and C share classes,  was awarded
    high industry rankings after achieving a three-year track record. The fund
    ranks in the top quartile for the one- and three-year periods and since
    inception among its Lipper High Yield Municipal Debt Funds peers. With
    annualized returns of 10.71%, the fund has outperformed its benchmark and
    peers since inception, and has gathered more than $1 billion in assets.
  oAllianceBernstein Municipal Bond Inflation Strategy (AUNAX and AUNCX)
    advisor share class, as well as the A and C share classes,  was awarded
    high industry rankings after achieving a three-year track record. The
    fund, a diversified portfolio with a focus on total return less the effect
    of inflation, has generated annualized returns of 4.02% since inception
    and has gathered nearly $700 million in assets.
  oAllianceBernstein Real Asset Strategy Fund (AMTAX) targets "real assets"
    (real estate, energy, metals and agriculture) that are expected to hold
    their value during periods of rising inflation. With annualized returns of
    6.01% since inception, the fund has outperformed its benchmark since
    inception, and has gathered $400 million in assets.
  oAllianceBernstein Bond Inflation Strategy Fund (ABNAX)  is a bond
    alternative to traditional Treasury Inflation-Protected Securities (TIPS)
    funds that offers a "TIPS-plus" portfolio mix of TIPS, corporate bonds and
    other types of bonds. The strategy would protect against inflation if
    yields were to rise. The fund has outperformed its benchmark since
    inception, with annualized returns of 6.03%, and has gathered $300 million
    in assets.

The three-year US fund anniversaries mark continued momentum and demand for
AllianceBernstein's new client-focused offerings across the globe. Since 2009,
the firm has launched 71 new Retail offerings that have collectively gathered
more than $26 billion in new assets. Fixed-income performance and innovation
have been key drivers of the firm's global asset growth, with 89% of
fixed-income assets in services outperforming their benchmarks for the
three-year period through December 31, 2012.

About AllianceBernstein

AllianceBernstein is a leading global investment-management firm that offers
high-quality research and diversified investment services to institutional
investors, individuals and private clients in major world markets.

As of December 31, 2012, AllianceBernstein Holding L.P. owned approximately
37.9% of the issued and outstanding AllianceBernstein Units, and AXA, one of
the largest global financial-services organizations, owned an approximate
65.5% economic interest in AllianceBernstein.

Additional information about AllianceBernstein may be found on our website,
www.alliancebernstein.com.

Lipper rankings and returns quoted in release are as of 2/28/2013, Class
Asharesexcluding maximum sales charges. Lipper rankings are based on total
returns at net asset value, without the imposition of a sales charge, which
would reduce total return figures.

Lipper averages represent the average returns of funds contained in the Lipper
universe. Funds in the Lipper averages generally have similar investment
objectives to the Funds, although some may have different investment policies.

Average annual total returns as of December 31, 2012, with sales charges, are
as follows:

High Income Municipal Portfolio -- ABTHX, A Shares with Max 3.0% Sales Charge

1-Year: 13.13%
Since Inception (1/26/10): 9.70%

Expense Ratio
Gross: 1.00%
Net: 0.91%

AllianceBernstein Municipal Bond Inflation Strategy -- AUNAX, A Shares with
Max 3.0% Sales Charge

1-Year: 1.82%
Since Inception (1/26/10): 3.06%

Expense Ratio
Gross: 0.95%
Net: 0.80%

AllianceBernstein Real Asset Strategy Fund -- AMTAX, A Shares with Max 4.25%
Sales Charge

1-Year: 4.50%
Since Inception (3/8/2010): 4.79%

Expense Ratio
Gross: 1.28%
Net: 1.05%

AllianceBernstein Bond Inflation Strategy Fund -- ABNAX, A Shares with Max
3.0% Sales Charge

1-Year: 1.89%
Since Inception (1/26/10): 4.79%

Expense Ratio
Gross: 1.25%
Net: 0.81%

The performance shown above represents past performance and does not guarantee
future results. Current performance may be lower or higher than the
performance information shown. You may obtain performance information current
to the most recent month-end by visiting www.alliancebernstein.com. The
investment return and principal value of an investment in the Portfolio will
fluctuate, so that your shares, when redeemed, may be worth more or less than
their original cost. Returns for other share classes will vary due to
different charges and expenses. Performance assumes reinvestment of
distributions and does not account for taxes. Please keep in mind that high,
double-digit returns are highly unusual and cannot be sustained. Investors
should also be aware that these returns were primarily achieved during
favorable market conditions.

Net Expense Ratio reflects the Advisor's contractual waiver of a portion of
its advisory fee and/or reimbursement of a portion of each Fund's operating
expenses. This waiver and/or reimbursement extends through 1/31/2014, as
specified in the Fund's current prospectus, and may be further extended or
terminated by the Advisor as set forth in the prospectus. Absent waivers
and/or reimbursements, performance would have been lower.

Investors should consider the investment objectives, risks, charges and
expenses of each Fund/Portfolio carefully before investing. For copies of our
prospectus or summary prospectus, which contain this and other information,
visit us online at www.alliancebernstein.comor contact your AllianceBernstein
Investments representative. Please read the prospectus and/or summary
prospectus carefully before investing.

Investment Risks to Consider:

Market Risk: The market values of the portfolio's holdings rise and fall from
day to day, so investments may lose value. Credit Risk: A bond's credit rating
reflects the issuer's ability to make timely payments of interest or principal
-- the lower the rating, the higher the risk of default. If the issuer's
financial strength deteriorates, the issuer's rating may be lowered and the
bond's value may decline. Commodity Risk: Commodity-linked investments may
experience greater volatility than investments in traditional securities. The
value of commodity-linked investments may be affected by financial factors,
political developments and natural disasters. Derivatives Risk: Investing in
derivative instruments such as options, futures, forwards or swaps can be
riskier than traditional investments, and may be more volatile, especially in
a down market. Diversification Risk: Portfolios that hold a smaller number of
securities may be more volatile than more diversified portfolios, since gains
or losses from each security will have a greater impact on the portfolio's
overall value. Foreign (Non-US) Risk: Non-US securities may be more volatile
because of political, regulatory, market and economic uncertainties associated
with such securities. Fluctuations in currency exchange rates may negatively
affect the value of the investment or reduce returns. These risks are
magnified in emerging or developing markets. Inflation Risk: Prices for goods
and services tend to rise over time, which may erode the purchasing power of
investments. Interest-Rate Risk: As interest rates rise, bond prices fall and
vice versa; long-term securities tend to rise and fall more than short-term
securities. Leverage Risk: Trying to enhance investment returns by borrowing
money or using other leverage tools -- magnifying both gains and losses,
resulting in greater volatility. Liquidity Risk: The difficulty of purchasing
or selling a security at an advantageous time or price. Investors should
consider the investment objectives, risks, charges and expenses of the
Fund/Portfolio carefully before investing. Municipal-Market Risk: Debt
securities issued by state or local governments may be subject to special
political, legal, economic and market factors that can have a significant
effect on the portfolio's yield or value. Real Estate Risk: The Fund's
investments in the real estate market have many of the same risks as direct
ownership of real estate, including the risk that the value of real estate
could decline due to a variety of factors that affect the real estate market
generally. Investments in REITs may have additional risks. REITs are dependent
on the capability of their managers, may have limited diversification and
could be significantly affected by changes in tax laws.

AllianceBernstein Investments, Inc. (ABI) is the distributor of the
AllianceBernstein family of mutual funds. ABI is a member of FINRA and is an
affiliate of AllianceBernstein L.P., the manager of the funds.

AllianceBernstein ^ and the AB logo are registered trademarks and service
marks used by permission of the owner, AllianceBernstein L.P.

©2013 AllianceBernstein L.P.

SOURCE AllianceBernstein

Contact: Andrea Prochniak, Investors, 212.756.4542,
Andrea.Prochniak@alliancebernstein.com, or Jonathan Freedman, Media,
212-823-2687, Jonathan.Freedman@alliancebernstein.com
 
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