Transcript: VIDEO:

In this video, Klaus Ingemann, Co-Chief Investment Officer—Global Core Equity, provides an update on the recent performance of the AB Global Equities Fund. He talks about contributors and detractors for the fund, and puts these in the context of the current macroeconomic environment as well as the geopolitical situation that is unfolding in eastern Europe.

AllianceBernstein Investment Management Australia Limited (ABN 58 007 212 606, AFSL 230 683) (“ABIMAL”) is the responsible entity of the AllianceBernstein Global Equities Fund (ARSN 099 296 607) (“Fund”) and is the issuer of units in the Fund. ABIMAL has appointed AllianceBernstein Australia Limited (ABN 53 095 022 718, AFSL 230 698) (“ABAL”) as the investment manager of the Fund. ABAL in turn has delegated the investment manager function to AllianceBernstein L.P. The Fund’s Product Disclosure Statement (“PDS”) is available by contacting the client services team at AllianceBernstein Australia Limited at (02) 9255 1299 or at www.alliancebernstein.com.au. Investors should consider the PDS in deciding whether to acquire, or continue to hold, units in the Fund.

This information is for exclusive use of the wholesale person or other Qualified Investor to whom it is provided and not to be relied upon by any other person. It is not intended for retail or public use and may not be further distributed without prior written consent of ABAL.

A Target Market Determination (“TMD”) for the AB Global Equities Fund is available free of charge from our website www.alliancebernstein.com.au. The TMD sets out the class of persons who comprise the target market for the AB Global Equities Fund and the distribution conditions that are applicable, together with a number of other matters which should be considered by retail investors and their advisers.

Important Information on Past Performance and Portfolio Data:

The AllianceBernstein Global Equities Fund has been operating since July 22, 2015.

Some past performance information included in this document represents the investment performance record for the institutional AllianceBernstein Global Core Equity Composite in US Dollars (the “Composite”) from inception (July 1, 2011). The performance presented is gross of fees and detailed in the Total Return Methodology and Fee Structure in the attached Performance Disclosure. The performance of the Composite is not the performance of the AllianceBernstein Global Equities Fund. The management style and investment guidelines of the Fund and account(s) within the Composite are not materially different. The Fund has no past performance. Historical performance of the Composite is provided on this basis as an indication of past performance of an account similarly managed. Past performance of the Composite is not indicative of future performance of the Fund.

Portfolio information included such as asset allocation data, country exposures and the like, are based on the actual positioning at the specified point in time of a representative account managed in the same style of the Fund and with investment guidelines which are not materially different. The information has been included on this basis as it may be of use as an indicator of positioning of an account managed similarly to the Fund.

Information, forecasts and opinions set out in this document are not personal advice and have not been prepared for any recipient’s specific investment objectives, financial situation or particular needs. Neither this document nor the information contained in it are intended to take the place of professional advice. Please note that past performance is not indicative of future performance and projections, although based on current information, may not be realised. Information, forecasts and opinions (“Information”) can change without notice and neither ABIMAL or ABAL guarantees the accuracy of the information at any particular time. Although care has been exercised in compiling the information contained in this report, neither ABIMAL or ABAL warrants that this document is free from errors, inaccuracies or omissions.

This document is released by AllianceBernstein Australia Limited ABN 53 095 022 718, AFSL 230 698.