AllianceBernstein Holding L.P. announced the launch of its first set of active exchange-traded funds (ETFs) on the New York Stock Exchange: the AB Ultra Short Income ETF and the AB Tax-Aware Short Duration Municipal ETF. Global trading firm Jane Street will be the Lead Market Maker on both products and will bring extensive industry experience and pricing expertise to AB's ETFs. Launching active ETFs is a natural extension of AB's existing capabilities and expertise as the firm seeks to bring products to market that are both functional and practical for investors.

AB has prioritized fixed income solutions for the firm's first launch, given client preference and needs on short duration yield generating solutions in the current rising rate environment. The firm's ETFs will make AB investment solutions even more accessible to both existing and new clients. AB's first active ETFs are: The AB Ultra Short Income ETF, an actively managed ETF, seeks to provide current income, consistent with preservation of capital.

The ETF aims to deliver higher levels of yield relative to cash or cash-like investments, while aiming for capital preservation in all market cycles. The AB Tax-Aware Short Duration Municipal ETF, an actively managed municipal bond strategy, seeks to provide relative stability of principal and a moderate rate of after-tax return and income. The ETF 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.