Short Duration Plus Portfolio

C000030487 Fund Overview

Short Duration Plus Portfolio is a US mutual fund managed by Bernstein Sanford C Fund INC, categorised as Short Treasury / Sovereign Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Bernstein Sanford C Fund INC
• Category: Short Treasury / Sovereign Bond
• Assets under management: $116.92M
• SEC CIK: 0000832808
• SEC series ID: S000011053
• Share class ID: C000030487

C000030487 Investment Objective and Strategy

Short Duration Plus Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Bernstein Sanford C Fund INC.

Investment objective

The investment objective of the Portfolio is to provide safety of principal and a moderate rate of income that is subject to taxes.

Principal investment strategy

The Portfolio invests at least 80% of its total assets in securities rated A or better by national rating agencies (or, if unrated, determined by AllianceBernstein L.P., the Portfolios investment manager (the Manager), to be of comparable quality) and comparably rated commercial paper and notes. Many types of securities may be purchased by the Portfolio, including corporate bonds, notes, U.S. Government and agency securities, asset-backed securities, mortgage-related securities, inflation-protected securities, bank loan debt and preferred stock, as well as others. The Portfolio may also invest up to 20% of its total assets in fixed-income foreign securities in developed or emerging-market countries. The Portfolio may use derivatives, such as options, futures contracts, forward contracts and swaps.

The Portfolio may invest up to 20% of its total assets in fixed-income securities rated BB or B by national rating agencies, which are not investment-grade (commonly known as junk bonds). In managing the Portfolio, the Manager may use interest rate forecasting to estimate the best level of interest rate risk at a given time. The Portfolio seeks to maintain an effective duration of one to three years under normal market conditions. Duration is a measure that relates the expected price volatility of a security to changes in interest rates. The duration of a debt security is the weighted average term to maturity, expressed in years, of the present value of all future cash flows, including coupon payments and principal repayments. Within the range described above, the Manager may moderately shorten the average duration of the Portfolio when it expects interest rates to rise and moderately lengthen average duration when it anticipates that interest rates will fall.

The Manager selects securities for purchase or sale based on its assessment of the securities risk and return characteristics as well as the securities impact on the overall risk and return characteristics of the Portfolio. In making this assessment, the Manager takes into account various factors including the credit quality and sensitivity to interest rates of the securities under consideration and of the Portfolios other holdings. The Portfolio may enter into foreign currency transactions on a spot (i.e., cash) basis or through the use of derivatives transactions, such as forward currency exchange contracts, currency futures and options thereon, and options on currencies. An appropriate hedge of currency exposure resulting from the Portfolios securities positions may not be available or cost effective, or the Manager may determine not to hedge the positions, possibly even under market conditions where doing so could benefit the Portfolio.

C000030487 Holdings

Top 10 holdings of Short Duration Plus Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000030487 holdings

C000030487 Portfolio Allocation

Asset-class allocation of Short Duration Plus Portfolio by percentage of net assets, from the latest SEC N-PORT filing.

C000030487 Costs and Fees

C000030487 costs about $193 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.93%
• Gross expense ratio: 1.93%
• Portfolio turnover: 48%
• Brokerage commissions: 0.31 bps of average net assets (SEC N-CEN)

C000030487 Cashflows

Over the 12 months to 2023-12, Short Duration Plus Portfolio had net outflows of $177.87M, from monthly SEC N-PORT filings.

C000030487 Debt Constituents

Largest debt holdings of Short Duration Plus Portfolio by percentage of net assets, from the latest SEC N-PORT filing.

C000030487 Prospectus and SEC Filings

Official Short Duration Plus Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2022-01-31
• Prospectus supplement (497) — filed 2023-02-01
• Prospectus supplement (497) — filed 2021-02-02
• Portfolio holdings (N-PORT) — filed 2024-02-27
• Portfolio holdings (N-PORT) — filed 2023-11-22
• Portfolio holdings (N-PORT) — filed 2023-08-28
• Annual census (N-CEN) — filed 2023-12-11
• Annual census (N-CEN) — filed 2022-12-06

Related Funds

Other Short Treasury / Sovereign Bond funds tracked on ABC INVEST:

• Vanguard Short-Term Bond Index Fund (VBISX)
• Vanguard Short-Term Treasury Index Fund (VSBSX)
• iShares 1-3 Year Treasury Bond ETF (SHY)
• iShares 0-5 Year TIPS Bond ETF (STIP)
• Schwab Short-Term U.S. Treasury ETF (SCHO)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.