The investment seeks the highest total return over time consistent with its asset mix.
The fund invests in a combination of portfolios of the AllianceBernstein Pooling Portfolios. The asset mix normally continues to change with an increasing exposure to investments in fixed-income securities and short-term bonds until fifteen years after the retirement date 2050. Thereafter, the target asset allocation will generally be fixed. The static allocation will be 27.5% short-duration bonds, 37.5% other fixed-income securities, 12.5% Volatility Management Portfolio, 15.5% other equities and 7% Multi-Asset Real Return Portfolio.