聯博－ 環球高收益基金 - hfi.hsbc.com.hk

1 4 20181.. 2. 3. 1 2 3 4 5 6 7 A (GDR) 2018 9 30 A 1997 9 22 2017 12 31 * 2018 9 30 2018 9 28 AT AT 6 x 12 / x 100 09/28 ^ 1997 10 1 2018 9 30 # * ( ) ( )

2 1 9 4 2018 AB FCP I fonds commun de placement AB FCP I 2016 2 5 ACMB ernstein ^ # A 5 (2013) (2014) (2015) (2016) (2017) (2018 ) 2018 9 30 A 1997 9 22 AT 5 (2013) (2014) (2015) (2016) (2017) (2018 )

3 2018 9 30 AT 2002 9 26 2018 AllianceBernstein [A/B] AllianceBernstein AllianceBernstein AllianceBernstein 2018 11 12 )GHY-PRF-CH-HK-11184. 6. 5. ^^ / 2018 9 30 Paul J. DeNoon Gershon Distenfeld, CFA Douglas J. PeeblesMatthew S. Sheridan, CFA 1997/09/22 A ^ ^ A, A2, AA, AT 20, 2018 9 30 ^^AAA * **09 09 09 09 10 10 10 10 11 11 11 11 12 12 12 12 13 13 13 13 14 14 14 14 15 17 18 18 18 17 17 17 15 15 16 16 16 16 15 200406080100% * ** RAP 2018 9 30

4 2. High Yield Bonds Strong Returns, Less Volatile Than StocksHistorical Performance#, 1 October 1997 to 30 September 20181. High Yield: Equity-Like Less VolatilityAB GLOBAL HIGH YIELD PORTFOLIO3. Past Dividend Payout Record Source: AB, as of 28 September 2018 Class AT SharesThe share classes below intend to declare and pay monthly dividends. Dividend amount/distribution rate is not guaranteed and may be paid from capital of the Portfolio. (See Important Information 6) Annualized yield is calculated with the following formula: monthly dividend of the month x 12 / ex-dividend price of the month x 100. Positive distribution yield does not imply positive return. The historical data provided below are for information purposes only and do not imply prospective yields of the (US$)DIV (US$)AnnualizedYield09/28 Information1 The portfolio invests primarily in a portfolio of high yield, non-investment grade, debt securities of issuers located throughout the Invest in emerging markets is subject to higher volatility and higher risks ( liquidity risk, currency risk, political risk, regulatory risk and economic risk).

5 3. The portfolio may invest in non-investment grade debt securities (for example, convertible securities, mortgage or other asset-backed securities) of issuers in emerging market countries. Such investments may be subject to high volatility and involve significant risk, including leverage risk, market risk, liquidity risk and the risk of issuer or counterparty default or insolvency, which may potentially result in a total loss of your investment in the Investment in the portfolio may also involve fixed-income securities risks, illiquid assets risk, country risk, currency risk, management risk and credit risks. The value of the portfolio can be volatile and can go down substantially within a short period of time.

6 It is possible that the entire value of your investment in the portfolio can be The portfolio is entitled to use financial derivative instruments for hedging and efficient portfolio management purposes which may involve additional risks. In adverse situations, the portfolio's use of derivative instruments may become ineffective in hedging or efficient portfolio management and the portfolio may suffer significant Dividends may be paid from capital or effectively out of the capital of the Portfolio, which may amount to a partial return or withdrawal of an investor's original investment or from any capital gains attributable to that original investment and result in an immediate decrease of the Net Asset Value per Investors should not rely on this document alone to make investment information provided for illustrative purpose only.

7 *Based on Moody s average recovery rate for developed market High Yield bondsSource: Morgan and AB, as of 30 September 2018 Understanding of Risk and ReturnOffered Currencies in USD, HKD and EUR. AUD, CAD, EUR, SGD, NZD and GBP Hedged Share Classes are also available.^Historical analysis does not guarantee future results. An investor cannot invest directly in an Portfolio is represented by AB Global High Yield Portfolio class A USD. MSCI ACWI is represented by MSCI All Country World Index (GDR).Source: AB, as of 30 September 2018 Historical data included for information purposes only. Past performance does not guarantee future inception date (Class A): 22 September 1997. Calculated on an NAV-to-NAV basis, in US : Bloomberg and AB, as of 31 December 2017A Global Multi Sector Approach Has Delivered Positive Returns in Most Rising Rate EnvironmentsAB Global High Yield Portfolio Annual Returns Since CreditCrisisOil Prices High Yield Default* Experience vs.

8 US HY Market (Percent) Return Annualized Volatility MSCI ACWI IndexGHY Portfolio GHY PortfolioJPMorgan US High Yield (Year) In Singapore: For financial representative use only, not for inspection by, distribution or quotation to, the general 20186. Portfolio Allocation Holdings are expressed as a percentage of total investments and may vary over time. ^^All ratings are based on ratings of S&P,Moody s and Fitch. Sector Allocation/High Yield uses a split to lower with two different ratings (and a split to middle for three ratings); Credit Quality uses a split to : AB, as of 30 September AllocationCredit Quality ^^This information is directed solely at persons in jurisdictions where the funds and relevant share class are registered or who may otherwise lawfully receive it.

9 Before investing in AB funds, investors should review the fund s full prospectus, together with the fund s Product Key Facts / Product Highlight Sheets and the most recent financial statements. Copies of these documents, including the latest annual report and, if issued thereafter, the latest semi-annual report, may be obtained free of charge from / or by contacting the local distributor in the jurisdictions in which the funds are authorized for Portfolio is part of AB FCP I (referred to as AB ). AB is a mutual investment fund (fonds commun de placement) organized under the laws of the Grand Duchy of Luxembourg. Prior to 5 February 2016, AB s legal name was ACMB ernstein, its trading name was performance is no guarantee of future results.

10 Please refer to the Prospectus for the full list of share classes and currencies offered. Total returns, provided by AB, include the change in net asset value and reinvestment of any distributions paid on Portfolio shares for the period shown, but do not reflect sales charges. Returns listed may not represent actual returns to an investor. Shares of the Portfolio are offered only pursuant to the Portfolio s current prospectus together with the most recent financial statements. Investment Risks Investment in the Portfolio entails certain risks. Investment returns and principal value of the Portfolio will fluctuate so that an investor s shares, when redeemed, may be worth more or less than their original cost.