AllianceBernstein Dynamic All Market Fund targets asset class exposure

By Toni Weeks

San Diego, Dec. 19 - AllianceBernstein Cap Fund, Inc. announced it has launched a new fund, the AllianceBernstein Dynamic All Market Fund.

According to an N-1A filing with the Securities and Exchange Commission, the fund seeks to maximize total return by investing in a number of global asset classes, including equity, fixed income, real assets, credit and currencies. The adviser plans to give equal allocations to equity and fixed-income securities to balance risk and volatility. Direct securities investments, derivative instruments and reverse repurchase agreements will be used to gain asset class exposure.

Class A shares will incur a maximum sales charge of 4.25%. Class C and advisor class shares will not have a sales charge, although class C shares will have a maximum deferred sales charge of 1% for the first year only. Class A and advisor class shares will not have a deferred sales charge.

The portfolio management team consists of Seth J. Masters, Daniel J. Loewy, Mark A. Hamilton and Brian T. Brugman.

Management fees for all share classes will be 0.6%. The investment adviser has agreed to limit fees, excluding acquired fund fees, until Feb. 28, 2015 to 1.1% for class A shares, 1.8% for class C shares and 0.8% for advisor class shares. Thus, the total annual fund operating expenses after the fee waiver/expense reimbursement will be 1.14%, 1.85% and 0.84%, respectively.

The fund's investment adviser is New York-based AllianceBernstein LP.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.