Expense ratios are heading north for another group of AllianceBernstein funds. In an SEC filing on July 22, AllianceBernstein restated expense information for eight funds "to reflect current expenses based on lower assets under management." The funds are: AllianceBernstein Value, Growth and Income, Focused Growth & Income, Balanced Shares, Utility Income, Global Real Estate Investment, International Value and Global Value.

Last month, the firm unveiled similar increases covering its growth funds.

"This trend will likely become more widespread across the industry since most funds' assets declined during the 2008 market meltdown," wrote Morningstar analyst Katie Rushkewicz in the Fund Times column on Thursday. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE