Investment objective & strategy
As of March 27, 2026 · prospectusObjective. The Funds investment objective is to provide current income, consistent with preservation of capital.
Strategy. The Fund is an actively-managed exchange-traded fund (ETF). The Fund will pursue its objective by investing, under normal circumstances, primarily in a mix of U.S. Government and investment grade corporate fixed-income securities. Under normal circumstances, the Fund will maintain a dollar-weighted average duration of less than one year, although it may invest in securities of any duration or maturity. The Fund may invest in mortgage-backed and other asset-backed securities, certificates of deposit and commercial paper. The Fund expects to invest a portion of its assets in AB Government Money Market Portfolio (the Money Market Portfolio), a series of AB Fixed-Income Shares, Inc. that is managed by the Adviser, to gain exposure to fixed-income securities with shorter durations relative to the … The Fund is an actively-managed exchange-traded fund (ETF). The Fund will pursue its objective by investing, under normal circumstances, primarily in a mix of U.S. Government and investment grade corporate fixed-income securities. Under normal circumstances, the Fund will maintain a dollar-weighted average duration of less than one year, although it may invest in securities of any duration or maturity. The Fund may invest in mortgage-backed and other asset-backed securities, certificates of deposit and commercial paper. The Fund expects to invest a portion of its assets in AB Government Money Market Portfolio (the Money Market Portfolio), a series of AB Fixed-Income Shares, Inc. that is managed by the Adviser, to gain exposure to fixed-income securities with shorter durations relative to the Funds average duration. The Fund may invest in securities of foreign issuers, which will typically be denominated in U.S. Dollars, and may include securities of both government and corporate issuers. The Fund expects to engage in active and frequent trading of its portfolio securities. The Adviser selects securities for purchase or sale based on the Advisers view of market conditions and investment opportunities, and on the Advisers assessment of the securities risks and return characteristics as well as the securities impact on the overall risks and return characteristics of the Fund. In making this assessment, the Adviser takes into account various factors, including primary and secondary market liquidity, the credit quality and sensitivity to interest rates of the securities under consideration, and of the Funds other holdings. Although not part of its principal investment strategies, the Fund may invest in derivatives. The Fund is not a money market fund and does not seek to maintain a stable net asset value of $1.00 per share.
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| US TREASURY N/B | — | $121.90M | 8.32% |
| U.S. Treasury Notes | — | $111.06M | 7.58% |
| US TREASURY N/B | — | $81.52M | 5.56% |
| US TREASURY N/B | — | $62.65M | 4.28% |
| AB Fixed Income Shares, Inc. - Government Money Market Portfolio | — | $56.15M | 3.83% |
| U.S. Treasury Notes | — | $45.05M | 3.07% |
| US TREASURY N/B | — | $44.48M | 3.04% |
| US TREASURY N/B | — | $37.37M | 2.55% |
| US TREASURY N/B | — | $35.33M | 2.41% |
| US TREASURY N/B | — | $28.60M | 1.95% |
Portfolio moves
Nov 30, 2025 → Feb 28, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| WisdomTree 1-3 Year Laddered Treasury Fund · USSH | 16% | 0.15% |
| Invesco BulletShares 2026 Corporate Bond ETF · BSCQ | 14% | 0.10% |
| Build Bond Innovation ETF · BFIX | 14% | 0.45% |
Advisers
| Firm | Role |
|---|---|
| AllianceBernstein L.P. | Adviser |
Footnotes
- Expense ratio as of March 27, 2026, from the fund's prospectus.
- Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. As reported in the fund's prospectus performance bar chart.
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