AB VPS Sustainable Global Thematic Portfolio

Objective And Strategy

Objective
Seeks long term growth of capital.

Strategy
Targets a global universe of companies in multiple industries that may benefit from long-term trends. Uses a top-down, bottom-up research driven investment process. The team seeks to capitalize on powerful themes that may drive profits across industries. Draws on a global research platform that combines thematic, fundamental and quantitative analysis to build an effective portfolio.

Principal Risks

* This portfolio can leverage or use leveraged instruments or derivatives. Portfolios that use leverage, that is, borrow money, are subject to the risk that the cost of borrowing money to leverage will exceed the returns for the securities purchased or that the securities purchased may actually go down in value. Thus, the portfolio's net asset value can decrease more quickly than if the portfolio had not borrowed. Portfolios that use leveraged instruments or derivatives such as futures, options and swap agreements, may expose the portfolio to additional risks that it would not be subject to if it invested directly in the securities underlying those derivatives. The more a portfolio invests in leveraged instruments, the more the leverage will magnify any gains or losses on those investments.