AB - AllianceBernstein launches first set of ETFs on NYSE

• AllianceBernstein Holding ( NYSE: AB ) and investment management and research firm AllianceBernstein L.P. launched its first set of active exchange-traded funds, or ETFs, on NYSE.
• The two ETFs are AB Ultra Short Income ETF (YEAR) and AB Tax-Aware Short Duration Municipal ETF (TAFI).
• YEAR seeks to provide current income, consistent with preservation of capital. It aims to deliver higher levels of yield relative to cash or cash-like investments, while aiming for capital preservation in all market cycles.
• TAFI seeks to provide relative stability of principal and a moderate rate of after-tax return and income. It offers municipal bond investors a distinct complement to their core allocations providing the opportunity to help maximize after-tax income and returns using shorter maturity bonds and opportunistic exposure to treasuries and taxable bonds.
• Source: Press Release

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