As filed with the Securities and Exchange Commission on August 23, 2021
File Nos. | 2-29901 | |
811-01716 |
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 | ||
FORM N-1A | ||
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 | ||
Pre-Effective Amendment No. | ||
Post-Effective Amendment No. 287 | X | |
and/or | ||
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 | ||
Amendment No. 266 | X | |
AB CAP FUND, INC. | ||
(Exact Name of Registrant as Specified in Charter) | ||
1345 Avenue of the Americas, New York, New York 10105 | ||
(Address of Principal Executive Office) (Zip Code) | ||
Registrant’s Telephone Number, including Area Code: | ||
(800) 221-5672 | ||
EMILIE D. WRAPP AllianceBernstein L.P. 1345 Avenue of the Americas New York, New York 10105 (Name and address of agent for service) | ||
Copies of communications to: Paul M. Miller Seward & Kissel LLP 901 K Street, N.W. Suite 800 Washington, D.C. 20001 |
It is proposed that this filing will become effective immediately upon filing pursuant to Rule 462(d) under the Securities Act of 1933, as amended (the “Securities Act”). This Post-Effective Amendment relates solely to the AB Sustainable US Thematic Portfolio (f/k/a, AB FlexFee™ US Thematic Portfolio), a series of the Registrant.
Explanatory Note
This Post-Effective Amendment No. 287 to the Registration Statement on Form N-1A (File No. 2-29901) is being filed pursuant to Rule 462(d) under the Securities Act, solely for the purpose of filing additional exhibits to the Registration Statement. Accordingly, this Post-Effective Amendment No. 287 consists only of a facing page, this explanatory note, Part C of the Registration Statement on Form N-1A, the Exhibit Index, and the exhibits to the Registration Statement listed thereon. This Post-Effective Amendment No. 287 does not change the form of any prospectus or Statement of Additional Information included in post-effective amendments previously filed with the Securities and Exchange Commission (the “SEC”). As permitted by Rule 462(d), this Post-Effective Amendment No. 287 shall become effective upon filing with the SEC. The contents of the Registration Statement are hereby incorporated by reference.
PART C
OTHER INFORMATION
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ITEM 29. | Persons Controlled by or under Common Control with Registrant. |
None.
ITEM 30. | Indemnification. |
It is the Registrant’s policy to indemnify its directors and officers, employees and other agents to the maximum extent permitted by Section 2-418 of the General Corporation Law of the State of Maryland, which is incorporated by reference herein, and as set forth in Article EIGHTH of Registrant’s Articles of Restatement of Articles of Incorporation, filed as Exhibit (a) in response to Item 28, Article IX of the Registrant’s Amended and Restated By-Laws filed as Exhibit (b) in response to Item 28 and Section 10 of the Distribution Services Agreement filed as Exhibit (e)(6) in response to Item 28, all as set forth below. The liability of the Registrant’s directors and officers is dealt with in Article EIGHTH of Registrant’s articles of Restatement of Articles of Incorporation, as set forth below. The Adviser’s liability for any loss suffered by the Registrant or its shareholders is set forth in Section 4 of the Investment Advisory Contract filed as Exhibit (d)(1) in response to Item 28, as set forth below.
Article EIGHTH of the Registrant’s Articles of Restatement of Articles of Incorporation reads as follows:
(1) To the maximum extent that Maryland law in effect from time to time permits limitation of the liability of directors and officers of a corporation, no present or former director or officer of the Corporation shall be liable to the Corporation or its stockholders for money damages.
(2) The Corporation shall have the power, to the maximum extent permitted by Maryland law in effect from time to time, to obligate itself to indemnify, and to pay or reimburse reasonable expenses in advance of final disposition of a proceeding to, (a) any individual who is a present or former director or officer of the Corporation or (b) any individual who, while a director or officer of the Corporation and at the request of the Corporation, serves or has served as a director, officer, partner or trustee of another corporation, real estate investment trust, partnership, joint venture, trust, employee benefit plan or any other enterprise from and against any claim or liability to which such person may become subject or which such person may incur by reason of his status as a present or former director or officer of the Corporation. The Corporation shall have the power, with the approval of the Board of Directors, to provide such indemnification and advancement of expenses to a person who served a predecessor of the Corporation in any of the capacities described in (a) or (b) above and to any employee or agent of the Corporation or a predecessor of the Corporation.
(3) The provisions of this Article EIGHTH shall be subject to the limitations of the Investment Company Act.
(4) Neither the amendment nor repeal of this Article EIGHTH, nor the adoption or amendment of any other provision of the Charter or Bylaws inconsistent with this Article EIGHTH, shall apply to or affect in any respect the applicability of the preceding sections of this Article EIGHTH with respect to any act or failure to act which occurred prior to such amendment, repeal or adoption.
C-20 |
ARTICLE IX of the Registrant’s Amended and Restated By-Laws reads as follows:
“To the maximum extent permitted by Maryland law in effect from time to time, the Corporation shall indemnify and, without requiring a preliminary determination of the ultimate entitlement to indemnification, shall pay or reimburse reasonable expenses in advance of final disposition of a proceeding to (a) any individual who is a present or former director or officer of the Corporation and who is made or threatened to be made a party to the proceeding by reason of his or her service in any such capacity or (b) any individual who, while a director or officer of the Corporation and at the request of the Corporation, serves or has served as a director, officer, partner or trustee of another corporation, real estate investment trust, partnership, joint venture, trust, employee benefit plan or other enterprise and who is made or threatened to be made a party to the proceeding by reason of his or her service in any such capacity. The Corporation may, with the approval of its Board of Directors or any duly authorized committee thereof, provide such indemnification and advance for expenses to a person who served a predecessor of the Corporation in any of the capacities described in (a) or (b) above and to any employee or agent of the Corporation or a predecessor of the Corporation. The termination of any claim, action, suit or other proceeding involving any person, by judgment, settlement (whether with or without court approval) or conviction or upon a plea of guilty or nolo contendere, or its equivalent, shall not create a presumption that such person did not meet the standards of conduct required for indemnification or payment of expenses to be required or permitted under Maryland law, these Bylaws or the Charter. Any indemnification or advance of expenses made pursuant to this Article shall be subject to applicable requirements of the 1940 Act. The indemnification and payment of expenses provided in these Bylaws shall not be deemed exclusive of or limit in any way other rights to which any person seeking indemnification or payment of expenses may be or may become entitled under any bylaw, regulation, insurance, agreement or otherwise.
Neither the amendment nor repeal of this Article, nor the adoption or amendment of any other provision of the Bylaws or Charter inconsistent with this Article, shall apply to or affect in any respect the applicability of the preceding paragraph with respect to any act or failure to act which occurred prior to such amendment, repeal or adoption.”
The Investment Advisory Contract between the Registrant and AllianceBernstein L.P. provides that AllianceBernstein L.P. will not be liable under such agreements for any mistake of judgment or in any event whatsoever, except for lack of good faith, and that nothing therein shall be deemed to protect, or purport to protect, AllianceBernstein L.P. against any liability to Registrant or its security holders to which it would otherwise be subject by reason of reckless disregard of its obligations and duties thereunder.
The Distribution Services Agreement between the Registrant and AllianceBernstein Investments, Inc. (“ABI”) provides that Registrant will indemnify, defend and hold ABI and any person who controls it within the meaning of Section 15 of the Securities Act of 1933, as amended (the “Securities Act”), free and harmless from and against any and all claims, demands, liabilities and expenses which ABI or any such controlling person may incur arising out of or based upon any alleged untrue statement of a material fact contained in Registrant’s registration statement, Prospectus or Statement of Additional Information or arising out of, or based upon any alleged omission to state a material fact required to be stated in any one of the foregoing or necessary to make the statements in any one of the foregoing not misleading, provided that nothing therein shall be so construed as to protect ABI against any liability to the Registrant or its security holders to which it would otherwise be subject by reason of willful misfeasance, bad faith, or gross negligence with the performance of its duties thereunder, or by reason of reckless disregard of its obligation and duties thereunder.
C-21 |
The foregoing summaries are qualified by the entire text of Registrant’s articles of Restatement of Articles of Incorporation, Amended and Restated By-Laws, the Investment Advisory Contact between the Registrant and AllianceBernstein L.P. and the Distribution Services Agreement between the Registrant and ABI.
Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that, in the opinion of the Securities and Exchange Commission, such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question of whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
In accordance with Release No. IC-11330 (September 2, 1980), the Registrant will indemnify its directors, officers, investment adviser and principal underwriters only if (1) a final decision on the merits was issued by the court or other body before whom the proceeding was brought that the person to be indemnified (the “indemnitee”) was not liable by reason of willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of his office (“disabling conduct”) or (2) a reasonable determination is made, based upon a review of the facts, that the indemnitee was not liable by reason of disabling conduct, by (a) the vote of a majority of a quorum of the directors who are neither “interested persons” of the Registrant as defined in section 2(a)(19) of the Investment Company Act of 1940 nor parties to the proceeding (“disinterested, non-party directors”), or (b) an independent legal counsel in a written opinion. The Registrant will advance attorneys fees or other expenses incurred by its directors, officers, investment adviser or principal underwriters in defending a proceeding, upon the undertaking by or on behalf of the indemnitee to repay the advance unless it is ultimately determined that he is entitled to indemnification and, as a condition to the advance, (1) the indemnitee shall provide a security for his undertaking, (2) the Registrant shall be insured against losses arising by reason of any lawful advances, or (3) a majority of a quorum of disinterested, non-party directors of the Registrant, or an independent legal counsel in a written opinion, shall determine, based on a review of readily available facts (as opposed to a full trial-type inquiry), that there is reason to believe that the indemnitee ultimately will be found entitled to indemnification.
The Registrant participates in a joint director’s liability insurance policy issued by the ICI Mutual Insurance Company. Under this policy, outside trustees and directors are covered up to the limits specified for any claim against them for acts committed in their capacities as trustee or director. A pro rata share of the premium for this coverage is charged to each participating investment company. In addition, the Adviser’s liability insurance policy, which is issued by a number of underwriters, including Greenwich Insurance Company as primary underwriter, extends to officers of the Registrant and such officers are covered up to the limits specified for any claim against them for acts committed in their capacities as officers of the investment companies sponsored by the Adviser.
C-22 |
ITEM 31. | Business and Other Connections of Investment Adviser. |
The descriptions of AllianceBernstein L.P. under the captions “Management of the Fund” in the Prospectus and in the Statement of Additional Information constituting Parts A and B, respectively, of this Registration Statement are incorporated by reference herein.
The information as to the directors and executive officers of AllianceBernstein L.P., set forth in its Form ADV filed with the Securities and Exchange Commission on March 31, 2014 (File No. 801-56720) and amended through the date hereof, is incorporated by reference.
ITEM 32. | Principal Underwriters. |
(a) ABI is the Registrant’s Principal Underwriter in connection with the sale of shares of the Registrant. ABI is the Principal Underwriter or Distributor for the following investment companies:
AB Bond Fund, Inc.
AB Core Opportunities Fund, Inc.
AB Corporate Shares
AB Discovery Growth Fund, Inc.
AB Equity Income Fund, Inc.
AB Fixed-Income Shares, Inc.
AB Global Bond Fund, Inc.
AB Global Real Estate Investment Fund, Inc.
AB Global Risk Allocation Fund, Inc.
AB High Income Fund, Inc.
AB Institutional Funds, Inc.
AB Intermediate California Municipal Portfolio1
AB Intermediate Diversified Municipal Portfolio2
AB Intermediate Duration Portfolio3
AB Intermediate New York Municipal Portfolio1
AB Large Cap Growth Fund, Inc.
AB Municipal Income Fund, Inc.
AB Municipal Income Fund II
AB Relative Value Fund, Inc.
AB Short Duration Portfolio4
AB Sustainable Global Thematic Fund, Inc.
AB Sustainable International Thematic Fund, Inc.
AB Trust
AB Variable Products Series Fund, Inc.
Emerging Markets Portfolio5
Sanford C. Bernstein Fund II, Inc.
The AB Portfolios
_________________________________________________ |
1 This is a Portfolio of Sanford C. Bernstein Fund, Inc., which consists of Classes A, C and Advisor Class Shares.
2 This is a Portfolio of Sanford C. Bernstein Fund, Inc., which consists of Classes A, C, Z and Advisor Class Shares.
3 This is a Portfolio of Sanford C. Bernstein Fund, Inc., which consists of Classes A, Z and Advisor Class Shares.
4 This is a Portfolio of Sanford C. Bernstein Fund, Inc., which consists of Classes A and C Shares.
5 This is a Portfolio of Sanford C. Bernstein Fund, Inc., which consists of Class Z Shares.
C-23 |
(b) The following are the Directors and Officers of ABI, the principal place of business of which is 1345 Avenue of the Americas, New York, NY 10105.
NAME | POSITIONS AND OFFICES WITH UNDERWRITER | POSITIONS AND OFFICES WITH REGISTRANT | ||
Directors | ||||
Onur Erzan | Director and Head of Global Client Group
| President and Chief Executive Officer | ||
Lawrence E. Cranch | Director | |||
Gary Krueger | Director, and Chief Financial Officer | |||
David M. Lesser | Director | Assistant Secretary | ||
Mark R. Manley | Director, and Secretary | |||
Officers
| ||||
Emilie D. Wrapp | Senior Vice President, Assistant General Counsel and Assistant Secretary | Secretary | ||
Laurence H. Bertan | Senior Vice President and Assistant Secretary | |||
Richard A. Brink | Senior Vice President | |||
Peter G. Callahan | Senior Vice President | |||
Michael A. Capella | Senior Vice President | |||
Nelson Kin Hung Chow | Senior Vice President | |||
Flora Chi Ju Chuang | Senior Vice President | |||
Russell R. Corby | Senior Vice President | |||
John W. Cronin | Senior Vice President | |||
Silvio Cruz | Senior Vice President | |||
John C. Endahl | Senior Vice President |
C-24 |
NAME | POSITIONS AND OFFICES WITH UNDERWRITER | POSITIONS AND OFFICES WITH REGISTRANT | ||
John Edward English | Senior Vice President | |||
Robert K. Forrester | Senior Vice President | |||
Mark A. Gessner | Senior Vice President | |||
Joseph Haag | Senior Vice President | |||
Kenneth L. Haman | Senior Vice President | |||
Michael S. Hart | Senior Vice President | |||
Chang Hyun Lee | Senior Vice President | |||
Ajai M. Kaul | Senior Vice President | |||
Scott M. Krauthamer | Senior Vice President | |||
Jonathan M. Liang | Senior Vice President | |||
Karen (Yeow Ping) Lim | Senior Vice President | |||
James M. Liptrot | Senior Vice President and Assistant Controller | |||
William Marsalise | Senior Vice President | |||
Brendan Murray | Senior Vice President | |||
Masaru Nakabachi | Senior Vice President | |||
John J. O’Connor | Senior Vice President | |||
John D. Prosperi | Senior Vice President | |||
Miguel A. Rozensztroch | Senior Vice President | |||
Craig T. Schorr | Senior Vice President | |||
Elizabeth M. Smith Malik | Senior Vice President |
C-25 |
NAME | POSITIONS AND OFFICES WITH UNDERWRITER | POSITIONS AND OFFICES WITH REGISTRANT | ||
Stephen M. Woetzel | Senior Vice President | Assistant Controller | ||
Derek Yung | Senior Vice President | |||
Robert J. Amberger | Vice President | |||
Armand H. Amritt | Vice President | |||
Eric Anderson | Vice President | |||
Constantin L. Andreae | Vice President | |||
Corey S. Beckerman | Vice President | |||
DeAnna D. Beedy | Vice President | |||
Chris Boeker | Vice President | |||
Brandon W. Born | Vice President | |||
James J. Bracken | Vice President | |||
Robert A. Brazofsky | Vice President | |||
Christopher J. Carrelha | Vice President | |||
Josh Tso Hsiang Chang | Vice President | |||
Mikhail Cheskis | Vice President | |||
Daisy (Sze Kie) Chung | Vice President | |||
Dwight P. Cornell | Vice President | |||
Massimo Dalla Vedova | Vice President | |||
Francesca Dattola | Vice President | |||
Kevin M. Dausch | Vice President | |||
Frank de Wit | Vice President |
C-26 |
NAME | POSITIONS AND OFFICES WITH UNDERWRITER | POSITIONS AND OFFICES WITH REGISTRANT | ||
Marc J. Della Pia | Vice President | |||
Patrick R. Denis | Vice President | |||
Jonathon A. Diegel | Vice President | |||
Ralph A. DiMeglio | Vice President | |||
Joseph T. Dominguez | Vice President | |||
Barbara Anne Donovan | Vice President | |||
Gregory M. Erwinski | Vice President | |||
Susan A. Flanagan | Vice President | |||
Nataliya Fomenko | Vice President | |||
Carey Fortnam | Vice President | |||
Eric C. Freed | Vice President and Counsel | Assistant Secretary | ||
Yuko (Kadoda) Funato | Vice President | |||
Kenneth Handler | Vice President | |||
Brian P. Hanna | Vice President | |||
Terry L. Harris | Vice President | |||
Sarah Entzeroth Hartzke | Vice President | |||
Nancy E. Hay | Vice President and Counsel | Assistant Secretary | ||
Philippe Hemery | Vice President | |||
Olivier Herson | Vice President | |||
Alexander Hoffmann | Vice President | |||
Brian Horvath | Vice President | |||
Eric S. Indovina | Vice President |
C-27 |
NAME | POSITIONS AND OFFICES WITH UNDERWRITER | POSITIONS AND OFFICES WITH REGISTRANT | ||
Anthony E. Kafouros | Vice President | |||
Tina Kao | Vice President | |||
Jeffrey Kelly | Vice President | |||
Gunnar Knierim | Vice President | |||
Anthony D. Knight | Vice President | |||
Tomas Kukla | Vice President | |||
Stephen J. Laffey | Vice President and Counsel | Assistant Secretary | ||
Ginnie Li-Chin Li | Vice President | |||
Albert Yen Po Lien | Vice President | |||
Darren L. Luckfield | Vice President | |||
Jim (Chi-Hsiung) Liu | Vice President | |||
Matthew J. Malvey | Vice President | |||
Robert Mancini | Vice President | |||
Todd Mann | Vice President | |||
Osama (Sam) Mari | Vice President | |||
Daniel P. Melehan | Vice President | |||
Nicola Meotti | Vice President | |||
Yuji Mihashi | Vice President | |||
David Mitchell | Vice President | |||
Benjamin Moore | Vice President | |||
Robert D. Nelms | Vice President | |||
Jamie A. Nieradka | Vice President |
C-28 |
NAME | POSITIONS AND OFFICES WITH UNDERWRITER | POSITIONS AND OFFICES WITH REGISTRANT | ||
Daryl N. Northrop | Vice President | |||
Markus Novak | Vice President | |||
Bryan R. Pacana | Vice President | |||
David D. Paich | Vice President | |||
Kim Chu Perrington | Vice President | |||
Joseph J. Proscia | Vice President | |||
Damien Ramondo | Vice President | |||
Carol H. Rappa | Vice President | |||
Jessie A. Reich | Vice President | |||
Claudio Rondolini | Vice President | |||
David Saslowsky | Vice President | |||
Richard A. Schwam | Vice President | |||
John F. Skahan | Vice President | |||
Chang Min Song | Vice President | |||
Daniel L. Stack | Vice President | |||
Jason P. Stevens | Vice President | |||
Scott M. Tatum | Vice President | |||
Wendy Weng | Vice President | |||
Isabella (Hsin-I) Yen | Vice President | |||
Oscar Zarazua | Vice President | |||
Martin J. Zayac | Vice President |
C-29 |
NAME | POSITIONS AND OFFICES WITH UNDERWRITER | POSITIONS AND OFFICES WITH REGISTRANT | ||
Isabelle Husson | Assistant Vice President | |||
Charissa A. Pal | Assistant Vice President | |||
Brian W. Paulson | Assistant Vice President | |||
Pablo Perez | Assistant Vice President | |||
Michiyo Tanaka | Assistant Vice President | |||
Laurence Vandecasteele | Assistant Vice President | |||
William Wielgolewski | Assistant Vice President |
(c) Not applicable.
ITEM 33. | Location of Accounts and Records. |
The majority of the accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940 and the Rules thereunder are maintained as follows: journals, ledgers, securities records and other original records are maintained principally at the offices of AllianceBernstein Investor Services, Inc., P.O. Box 786003, San Antonio, TX 78278-6003 and at the offices of State Street Bank and Trust Company, One Lincoln Street, Boston, MA 02111. All other records so required to be maintained are maintained at the offices of AllianceBernstein L.P., 1345 Avenue of the Americas, New York, NY 10105.
ITEM 34. | Management Services. |
Not applicable.
ITEM 35. | Undertakings. |
Not applicable.
C-30 |
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended, the Registrant has duly caused this Post-Effective Amendment to its Registration Statement to be signed on its behalf by the undersigned, duly authorized, in the City and State of New York, on the 23rd day of August, 2021.
AB CAP FUND, INC. | |||
By: | /s/ Onur Erzan | ||
Onur Erzan | |||
President | |||
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated:
Signature | Title | Date | |||
(1) | Principal Executive Officer: | ||||
/s/ Onur Erzan | President and | August 23, 2021 | |||
Onur Erzan | Chief Executive Officer | ||||
(2) | Principal Financial and Accounting Officer: | ||||
/s/ Joseph J. Mantineo | Treasurer and Chief | August 23, 2021 | |||
Joseph J. Mantineo | Financial Officer | ||||
(3) | Directors: | ||||
Jorge A. Bermudez* | |||||
Michael J. Downey* | |||||
Onur Erzan* | |||||
Nancy P. Jacklin* | |||||
Jeanette W. Loeb* | |||||
Carol C. McMullen* | |||||
Garry L. Moody* | |||||
Marshall C. Turner, Jr.* | |||||
Earl D. Weiner* | |||||
*By: | /s/ Eric C. Freed | August 23, 2021 | |||
Eric C. Freed | |||||
(Attorney-in-fact) |
C-31 |
Index to Exhibits
Exhibit No. | Description of Exhibits |
(a)(29) | Articles of Amendment to Articles of Incorporation |
(d)(1) | Investment Advisory Contract |
(h)(55) | Expense Limitation Undertaking |
(h)(56) | Management Fee Waiver Undertaking |
(i) | Opinion and Consent of Seward & Kissel LLP |