Liquidation: BERNSTEIN SANFORD C FUND INC
Form Type: 497
Filing Date: 2025-05-12
Corporate Action: Liquidation
Type: Update
Accession Number: 000091957425002830
Filing Summary: On May 6-8, 2025, the Board of Directors of Sanford C. Bernstein Fund, Inc. approved significant changes effective November 7, 2025. These include a contractual waiver of a portion of the advisory fee and limits on operating expenses of the Intermediate Duration Portfolio. The offering of Class A and Advisor Class shares will be discontinued effective May 13, 2025, and the assets related to these classes will be liquidated. A final liquidating distribution to remaining shareholders is anticipated on or about November 7, 2025, accompanied by the redemption of all outstanding shares of these classes. Additionally, the Portfolio will undergo a name change to 'AB Core Bond Portfolio' and modifications to its principal strategies, which will also be effective around the same date. The actions taken aim at streamlining operations and enhancing the investment management framework.
Additional details:
Class A Discontinuance Date: 2025-05-13
Liquidation Effective Date: 2025-11-07
Final Liquidating Distribution Date: 2025-11-07
New Portfolio Name: AB Core Bond Portfolio
Management Fee Waiver Percentage: 0.15%
Total Annual Portfolio Operating Expenses: 0.28%
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