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AGDCX AB High Income C

  • Fund
  • AGDCX
  • Price as of: Aug 08, 2016
  • $8.70
  • + $0.01
  • + 0.12%
  • Category
  • Total Bond Market

AGDCX - Profile

Vitals

  • YTD Return 7.3%
  • 3 Yr Annualized Return 3.5%
  • 5 Yr Annualized Return 5.3%
  • Net Assets $7.39 B
  • Holdings in Top 10 22.4%

52 WEEK LOW AND HIGH

$8.70
$7.65
$8.70

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.60%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 53.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$2,500

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Multisector Bond

Distributions

  • YTD Total Return 7.3%
  • 3 Yr Annualized Total Return 3.5%
  • 5 Yr Annualized Total Return 5.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.00%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name AB High Income Fund
  • Fund Family Name AllianceBernstein
  • Inception Date Feb 25, 1994
  • Shares Outstanding N/A
  • Share Class C
  • Currency USD
  • Domiciled Country United States
  • Manager Matthew S. Sheridan

Fund Description

The fund pursues income opportunities from government, corporate, emerging market and high-yield sources. It has the flexibility to invest in a broad range of fixed-income securities in both developed and emerging market countries. The fund's investments may include U.S. and non-U.S. corporate debt securities and sovereign debt securities. It may invest, without limitation, in either U.S. Dollar-denominated or non-U.S. Dollar-denominated fixed-income securities.

AGDCX - Performance

Return Ranking - Trailing

Period AGDCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 7.3% -29.9% 209.8% 2.50% 1
1 Yr 4.5% -15.9% 20.3% 36.44% 2
3 Yr 3.5% * -6.4% 10.4% 37.38% 2
5 Yr 5.3% * -3.4% 9.0% 2.89% 1
10 Yr 7.8% * -1.1% 10.2% 1.08% 1

* Annualized


Return Ranking - Calendar

Period AGDCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -10.4% -51.0% 6.6% 68.43% 5
2014 N/A -0.4% 2.9% N/A N/A
2013 N/A -4.9% -0.8% N/A N/A
2012 N/A 0.8% 13.9% N/A N/A
2011 N/A -1.7% 3.8% N/A N/A

Total Return Ranking - Trailing

Period AGDCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 7.3% -8.1% 209.8% 2.54% 1
1 Yr 3.5% -19.0% 20.3% 37.23% 2
3 Yr 3.5% * -7.1% 10.4% 31.34% 2
5 Yr 5.3% * -4.3% 9.0% 2.76% 1
10 Yr 7.8% * -1.1% 10.2% 1.08% 1

* Annualized


Total Return Ranking - Calendar

Period AGDCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -10.4% -51.0% 6.6% 68.51% 5
2014 N/A -0.3% 4.5% N/A N/A
2013 N/A -4.6% 0.6% N/A N/A
2012 N/A 1.4% 15.7% N/A N/A
2011 N/A -0.9% 5.5% N/A N/A

NAV & Total Return History

AGDCX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

AGDCX Category Low Category High AGDCX % Rank Quintile
Net Assets 7.39 B 319 K 169 B 2.59% 1
Number of Holdings 1180 1 17404 4.02% 1
Net Assets in Top 10 1.6 B -36 B 21.5 B 2.64% 1
Weighting of Top 10 22.4% 0.0% 1826.2% 18.62% 3

Top 10 Holdings

  1. US Treasury Note 0.875% 7.82%
  2. US Treasury Note 0.875% 5.40%
  3. US Treasury Note 1.25% 3.69%
  4. Turkey(Rep Of) 8.3% 0.87%
  5. Mexico(Utd Mex St) 6.5% 0.81%
  6. Brazil Federative Rep 10% 0.74%
  7. Foederative Republik Brasilien, Bras 10% 0.52%
  8. Ivory Coast Republic 2.5% 0.49%
  9. US Treasury Bond 6.125% 1.63%
  10. Russian Federation 6.8% 0.47%

Asset Allocation

Weighting Category Low Category High AGDCX % Rank Quintile
Bonds
91.00% -175.98% 181.87% 12.26% 3
Other
3.91% -15.97% 117.15% 4.02% 1
Cash
2.60% -82.73% 275.92% 23.80% 5
Preferred Stocks
1.61% -0.07% 17.65% 2.70% 1
Convertible Bonds
0.69% 0.00% 18.40% 2.70% 1
Stocks
0.19% -5.60% 98.06% 4.43% 1

Stock Sector Breakdown

Weighting Category Low Category High AGDCX % Rank Quintile
Consumer Cyclical
0.05% -0.90% 11.86% 4.66% 1
Financial Services
0.04% -0.33% 16.93% 7.74% 2
Energy
0.04% -0.88% 10.95% 4.66% 1
Basic Materials
0.01% -0.43% 11.57% 4.32% 2
Technology
0.01% -3.22% 16.08% 4.66% 1
Communication Services
0.00% -0.13% 8.73% 4.21% 5
Real Estate
0.00% -0.41% 16.08% 5.69% 5
Industrials
0.00% -0.98% 13.17% 5.12% 5
Consumer Defense
0.00% -0.26% 12.32% 5.01% 5
Healthcare
0.00% -0.99% 15.02% 4.32% 5
Utilities
0.00% -0.10% 2.90% 5.23% 5

Stock Geographic Breakdown

Weighting Category Low Category High AGDCX % Rank Quintile
US
0.11% -4.66% 90.98% 4.37% 1
Non US
0.08% -1.18% 97.59% 2.49% 1

Bond Sector Breakdown

Weighting Category Low Category High AGDCX % Rank Quintile
Corporate
50.81% 0.00% 502.59% 5.65% 1
Government
28.56% -990.83% 129.84% 8.95% 2
Securitized
12.01% 0.00% 275.57% 24.16% 5
Cash & Equivalents
2.59% -63.55% 811.66% 24.67% 5
Municipal
0.34% 0.00% 106.20% 11.44% 3
Derivative
0.00% -895.14% 18.41% 2.14% 4

Bond Geographic Breakdown

Weighting Category Low Category High AGDCX % Rank Quintile
US
64.53% -513.97% 163.91% 21.46% 4
Non US
26.47% -5.42% 399.20% 4.63% 1

AGDCX - Expenses

Operational Fees

AGDCX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.60% 0.00% 42.51% 6.62% 5
Management Fee 0.46% 0.00% 2.15% 2.70% 4
12b-1 Fee 1.00% 0.00% 1.00% 0.08% 5
Administrative Fee N/A 0.00% 0.63% N/A N/A

Sales Fees

AGDCX Fees (% of AUM) Category Low Category High AGDCX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load 1.00% 0.15% 5.50% 2.51% 4

Trading Fees

AGDCX Fees (% of AUM) Category Low Category High AGDCX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

AGDCX Fees (% of AUM) Category Low Category High AGDCX Rank Quintile
Turnover 53.00% 0.00% 1944.00% 12.67% 2

AGDCX - Distributions

Dividend Yield Analysis

AGDCX Category Low Category High AGDCX % Rank Quintile
Dividend Yield 0.1% 0.00% 1.30% 24.46% 4

Dividend Distribution Analysis

AGDCX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

AGDCX Category Low Category High AGDCX % Rank Quintile
Net Income Ratio 5.00% -1.76% 17.13% 1.02% 1

Capital Gain Distribution Analysis

AGDCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

AGDCX - Managers

Matthew S. Sheridan

Manager

Start Date

Oct 31, 2005

Tenure

10.76

Tenure Rank

2.4%

"Portfolio Manager Matthew Sheridan, Portfolio Manager, is a member of the Global Fixed Income and Emerging-Market Debt portfolio management teams, primarily focusing on quantitative reporting, duration maintenance and short-term cash management. He joined Alliance Capital in 1998 and previously worked in the firm’s Structured Asset Securities Group. Sheridan holds a BS in finance from Syracuse University. He is a CFA charterholder. Location: New York "


Gershon M. Distenfeld

Manager

Start Date

Feb 01, 2008

Tenure

8.5

Tenure Rank

3.4%

"Director—High Yield Gershon M. Distenfeld directs all of AllianceBernstein’s investment activities regarding high-yield debt securities across dedicated and multisector fixed-income portfolios. He is also a member of the Enhanced Alpha, Global High Income and Global Credit Portfolio Management teams. Prior to joining the firm’s Fixed Income department in 1998, Distenfeld was an operations analyst supporting the emerging-market desk at Lehman Brothers. He holds a BS in finance from the Sy Syms School of Business at Yeshiva University and is a CFA charterholder. Location: New York "


Douglas J. Peebles

Manager

Start Date

Aug 30, 2002

Tenure

13.93

Tenure Rank

1.6%

Douglas J. Peebles joined the firm in 1987 and is the Chief Investment Officer of AllianceBernstein Fixed Income. In this role, he supervises all of the Fixed Income portfolio-management and research teams globally. In addition, Peebles is Chairman of the Interest Rates and Currencies Research Review team, which is responsible for setting interest-rate and currency policy for all fixed-income portfolios. He has held several leadership positions within the fixed-income division, having served as director of Global Fixed Income from 1997 to 2004 and then co-head of AllianceBernstein Fixed Income


Marco G. Santamaria

Manager

Start Date

Dec 31, 2010

Tenure

5.59

Tenure Rank

4.9%

Marco Santamaria is Co-Head of the Emerging Markets Multi-Asset team. He is also a member of the Emerging-Market Debt and Global Fixed Income Portfolio Management teams. Santamaria originally worked at the firm from 1992 to 1994. Prior to rejoining AllianceBernstein in 2010, he was a founding partner at Global Securities Advisors, a fixed-income hedge fund focused on the emerging markets. Earlier in his career, he managed the Emerging Markets Sovereign Strategy Research team at Lehman Brothers. Santamaria holds an AB in economics and English from Amherst College and an MA in international economics from Johns Hopkins University School of Advanced International Studies. He is a CFA charterholder. Location: New York


Paul J. DeNoon

Manager

Start Date

Aug 23, 2002

Tenure

13.95

Tenure Rank

1.6%

"Director—Emerging-Market Debt Paul DeNoon directs all of AllianceBernstein’s investment activities regarding emerging-market debt securities, and is also a member of the Global Fixed Income team. Prior to joining the firm in 1992, he was a vice president in the Investment Portfolio Group at Manufacturers Hanover Trust and an economist in the Financial Markets Research Group, primarily responsible for analysis of monetary and fiscal policy. DeNoon began his career as a research analyst for Lehman Brothers. He holds a BA in economics from Union College and an MBA in finance from New York University. Location: New York "


Tenure Analysis

Category Low

0.0

Category High

27.6

Category Average

5.91

Category Mode

1.6