AB Bond Inflation Strategy
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-0.4%
1 yr return
1.7%
3 Yr Avg Return
0.0%
5 Yr Avg Return
2.9%
Net Assets
$636 M
Holdings in Top 10
75.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.25%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 62.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
ABNKX - Profile
Distributions
- YTD Total Return -0.4%
- 3 Yr Annualized Total Return 0.0%
- 5 Yr Annualized Total Return 2.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 4.34%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameAB Bond Inflation Strategy
-
Fund Family NameALLIANCEBE
-
Inception DateJan 27, 2010
-
Shares OutstandingN/A
-
Share ClassK
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Canter
Fund Description
ABNKX - Performance
Return Ranking - Trailing
Period | ABNKX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.4% | -9.4% | 3.4% | 27.88% |
1 Yr | 1.7% | -15.2% | 5.1% | 24.64% |
3 Yr | 0.0%* | -13.8% | 6.0% | 31.68% |
5 Yr | 2.9%* | -6.5% | 5.0% | 18.46% |
10 Yr | 2.2%* | -2.2% | 2.8% | 7.35% |
* Annualized
Return Ranking - Calendar
Period | ABNKX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.5% | -8.7% | 5.1% | 41.26% |
2022 | -13.7% | -52.3% | -4.0% | 26.60% |
2021 | 1.6% | -7.9% | 7.7% | 32.16% |
2020 | 6.9% | -29.4% | 23.0% | 60.20% |
2019 | 5.9% | 0.8% | 16.7% | 35.38% |
Total Return Ranking - Trailing
Period | ABNKX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.4% | -9.4% | 3.4% | 27.88% |
1 Yr | 1.7% | -15.2% | 5.1% | 24.64% |
3 Yr | 0.0%* | -13.8% | 6.0% | 31.68% |
5 Yr | 2.9%* | -6.5% | 5.0% | 18.46% |
10 Yr | 2.2%* | -2.2% | 2.8% | 7.35% |
* Annualized
Total Return Ranking - Calendar
Period | ABNKX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.8% | -5.2% | 9.5% | 14.56% |
2022 | -8.7% | -40.1% | 9.2% | 33.00% |
2021 | 6.1% | -2.7% | 37.6% | 24.62% |
2020 | 9.0% | -0.5% | 27.5% | 61.22% |
2019 | 8.1% | 2.8% | 19.3% | 34.36% |
NAV & Total Return History
ABNKX - Holdings
Concentration Analysis
ABNKX | Category Low | Category High | ABNKX % Rank | |
---|---|---|---|---|
Net Assets | 636 M | 968 K | 51.8 B | 54.81% |
Number of Holdings | 328 | 2 | 1550 | 13.94% |
Net Assets in Top 10 | 503 M | 949 K | 25 B | 48.56% |
Weighting of Top 10 | 75.01% | 9.2% | 103.8% | 28.02% |
Top 10 Holdings
- United States Treasury Inflation Indexed Bonds 37.29%
- United States Treasury Inflation Indexed Bonds 15.80%
- United States Treasury Inflation Indexed Bonds 7.26%
- United States Treasury Inflation Indexed Bonds 4.41%
- United States Treasury Inflation Indexed Bonds 3.84%
- United States Treasury Inflation Indexed Bonds 2.59%
- Long: BS1ZZM9 IRS USD R V 12MUSCPI IS1ZZN0 CCPINFLATIONZERO / Short: BS1ZZM9 IRS USD P F 1.58900 IS1ZZM9 CCPINFLATIONZERO 1.25%
- Long: BS2LDT9 IRS USD R V 00MSOFR IS2LDU0 CCPOIS / Short: BS2LDT9 IRS USD P F 1.39400 IS2LDT9 CCPOIS 1.01%
- Fannie Mae Pool 0.81%
- Long: BS20363 IRS USD R V 12MUSCPI IS20374 CCPINFLATIONZERO / Short: BS20363 IRS USD P F 1.52700 IS20363 CCPINFLATIONZERO 0.76%
Asset Allocation
Weighting | Return Low | Return High | ABNKX % Rank | |
---|---|---|---|---|
Bonds | 92.08% | 0.00% | 200.47% | 83.17% |
Other | 9.66% | -51.42% | 61.84% | 12.98% |
Convertible Bonds | 1.03% | 0.00% | 3.96% | 12.02% |
Cash | 0.67% | -42.00% | 30.48% | 62.50% |
Stocks | 0.02% | 0.00% | 100.07% | 12.02% |
Preferred Stocks | 0.01% | 0.00% | 0.08% | 7.69% |
Stock Sector Breakdown
Weighting | Return Low | Return High | ABNKX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 1.13% | 73.68% |
Technology | 0.00% | 0.00% | 48.29% | 73.68% |
Real Estate | 0.00% | 0.00% | 99.95% | 94.74% |
Industrials | 0.00% | 0.00% | 3.93% | 73.68% |
Healthcare | 0.00% | 0.00% | 6.17% | 73.68% |
Financial Services | 0.00% | 0.00% | 100.00% | 47.37% |
Energy | 0.00% | 0.00% | 10.65% | 94.74% |
Communication Services | 0.00% | 0.00% | 17.02% | 73.68% |
Consumer Defense | 0.00% | 0.00% | 31.30% | 94.74% |
Consumer Cyclical | 0.00% | 0.00% | 16.99% | 94.74% |
Basic Materials | 0.00% | 0.00% | 22.13% | 94.74% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | ABNKX % Rank | |
---|---|---|---|---|
US | 0.02% | 0.00% | 100.07% | 12.02% |
Non US | 0.00% | 0.00% | 82.30% | 51.44% |
Bond Sector Breakdown
Weighting | Return Low | Return High | ABNKX % Rank | |
---|---|---|---|---|
Government | 75.79% | 6.70% | 112.97% | 78.85% |
Securitized | 8.35% | 0.00% | 58.03% | 16.35% |
Corporate | 7.40% | 0.00% | 50.64% | 19.71% |
Derivative | 3.93% | -26.13% | 19.50% | 12.02% |
Cash & Equivalents | 0.67% | 0.00% | 20.89% | 56.73% |
Municipal | 0.17% | 0.00% | 1.28% | 22.12% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | ABNKX % Rank | |
---|---|---|---|---|
US | 91.32% | 0.00% | 172.85% | 76.92% |
Non US | 0.77% | 0.00% | 54.30% | 37.98% |
ABNKX - Expenses
Operational Fees
ABNKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.25% | 0.03% | 2.35% | 16.99% |
Management Fee | 0.50% | 0.00% | 0.99% | 90.87% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 42.55% |
Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
ABNKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 4.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
ABNKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
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.
ABNKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 62.00% | 0.00% | 246.00% | 55.78% |
ABNKX - Distributions
Dividend Yield Analysis
ABNKX | Category Low | Category High | ABNKX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 14.37% | 24.04% |
Dividend Distribution Analysis
ABNKX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | SemiAnnual | Monthly | Quarterly |
Net Income Ratio Analysis
ABNKX | Category Low | Category High | ABNKX % Rank | |
---|---|---|---|---|
Net Income Ratio | 4.34% | -0.06% | 6.71% | 34.15% |
Capital Gain Distribution Analysis
ABNKX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 05, 2024 | $0.054 | OrdinaryDividend |
Mar 08, 2024 | $0.014 | OrdinaryDividend |
Feb 09, 2024 | $0.006 | OrdinaryDividend |
Dec 08, 2023 | $0.030 | OrdinaryDividend |
Nov 10, 2023 | $0.056 | OrdinaryDividend |
Oct 06, 2023 | $0.029 | OrdinaryDividend |
Sep 08, 2023 | $0.037 | OrdinaryDividend |
Aug 11, 2023 | $0.043 | OrdinaryDividend |
Jul 07, 2023 | $0.052 | OrdinaryDividend |
Jun 09, 2023 | $0.049 | OrdinaryDividend |
May 05, 2023 | $0.053 | OrdinaryDividend |
Apr 10, 2023 | $0.069 | OrdinaryDividend |
Mar 10, 2023 | $0.003 | OrdinaryDividend |
Feb 10, 2023 | $0.009 | OrdinaryDividend |
Jan 06, 2023 | $0.007 | OrdinaryDividend |
Dec 09, 2022 | $0.084 | OrdinaryDividend |
Nov 11, 2022 | $0.003 | OrdinaryDividend |
Sep 09, 2022 | $0.088 | OrdinaryDividend |
Aug 12, 2022 | $0.105 | OrdinaryDividend |
Jul 08, 2022 | $0.043 | OrdinaryDividend |
Jun 10, 2022 | $0.114 | OrdinaryDividend |
May 06, 2022 | $0.073 | OrdinaryDividend |
Apr 08, 2022 | $0.055 | OrdinaryDividend |
Mar 11, 2022 | $0.029 | OrdinaryDividend |
Feb 11, 2022 | $0.028 | OrdinaryDividend |
Jan 07, 2022 | $0.005 | OrdinaryDividend |
Oct 08, 2021 | $0.034 | OrdinaryDividend |
Aug 13, 2021 | $0.072 | OrdinaryDividend |
Jul 09, 2021 | $0.059 | OrdinaryDividend |
Jun 11, 2021 | $0.064 | OrdinaryDividend |
May 07, 2021 | $0.056 | OrdinaryDividend |
Apr 09, 2021 | $0.040 | OrdinaryDividend |
Mar 12, 2021 | $0.025 | OrdinaryDividend |
Dec 11, 2020 | $0.036 | OrdinaryDividend |
Oct 09, 2020 | $0.084 | OrdinaryDividend |
Sep 11, 2020 | $0.047 | OrdinaryDividend |
Aug 07, 2020 | $0.012 | OrdinaryDividend |
May 08, 2020 | $0.007 | OrdinaryDividend |
Apr 13, 2020 | $0.025 | OrdinaryDividend |
Mar 06, 2020 | $0.012 | OrdinaryDividend |
Dec 10, 2019 | $0.042 | OrdinaryDividend |
Oct 11, 2019 | $0.038 | OrdinaryDividend |
Sep 13, 2019 | $0.031 | OrdinaryDividend |
Aug 09, 2019 | $0.010 | OrdinaryDividend |
Jul 12, 2019 | $0.048 | OrdinaryDividend |
Jun 07, 2019 | $0.032 | OrdinaryDividend |
May 10, 2019 | $0.021 | OrdinaryDividend |
Apr 12, 2019 | $0.002 | OrdinaryDividend |
Dec 11, 2018 | $0.053 | OrdinaryDividend |
Nov 12, 2018 | $0.008 | OrdinaryDividend |
Oct 15, 2018 | $0.024 | OrdinaryDividend |
Sep 17, 2018 | $0.022 | OrdinaryDividend |
Aug 13, 2018 | $0.032 | OrdinaryDividend |
Jul 16, 2018 | $0.049 | OrdinaryDividend |
Jun 11, 2018 | $0.043 | OrdinaryDividend |
May 14, 2018 | $0.026 | OrdinaryDividend |
Apr 16, 2018 | $0.015 | OrdinaryDividend |
Dec 13, 2017 | $0.036 | OrdinaryDividend |
Nov 13, 2017 | $0.008 | OrdinaryDividend |
Oct 09, 2017 | $0.014 | OrdinaryDividend |
Sep 11, 2017 | $0.019 | OrdinaryDividend |
Aug 14, 2017 | $0.025 | OrdinaryDividend |
Jul 17, 2017 | $0.019 | OrdinaryDividend |
Jun 12, 2017 | $0.020 | OrdinaryDividend |
May 15, 2017 | $0.014 | OrdinaryDividend |
Apr 10, 2017 | $0.026 | OrdinaryDividend |
Mar 13, 2017 | $0.003 | OrdinaryDividend |
Dec 14, 2016 | $0.043 | OrdinaryDividend |
Oct 07, 2016 | $0.018 | OrdinaryDividend |
Sep 12, 2016 | $0.024 | OrdinaryDividend |
Aug 12, 2016 | $0.040 | OrdinaryDividend |
Jul 15, 2016 | $0.050 | OrdinaryDividend |
Jun 10, 2016 | $0.013 | OrdinaryDividend |
Sep 14, 2015 | $0.025 | OrdinaryDividend |
Aug 17, 2015 | $0.029 | OrdinaryDividend |
Dec 17, 2014 | $0.054 | OrdinaryDividend |
Nov 14, 2014 | $0.002 | OrdinaryDividend |
Aug 18, 2014 | $0.026 | OrdinaryDividend |
Jul 16, 2014 | $0.030 | OrdinaryDividend |
Jun 12, 2014 | $0.044 | OrdinaryDividend |
May 15, 2014 | $0.044 | OrdinaryDividend |
Apr 11, 2014 | $0.007 | OrdinaryDividend |
Dec 17, 2013 | $0.018 | OrdinaryDividend |
Nov 15, 2013 | $0.003 | OrdinaryDividend |
Oct 16, 2013 | $0.002 | OrdinaryDividend |
Sep 17, 2013 | $0.013 | OrdinaryDividend |
Aug 16, 2013 | $0.015 | OrdinaryDividend |
May 15, 2013 | $0.013 | OrdinaryDividend |
Dec 18, 2012 | $0.008 | OrdinaryDividend |
Nov 16, 2012 | $0.016 | OrdinaryDividend |
Jul 18, 2012 | $0.010 | OrdinaryDividend |
Jun 18, 2012 | $0.055 | OrdinaryDividend |
May 16, 2012 | $0.046 | OrdinaryDividend |
Apr 16, 2012 | $0.011 | OrdinaryDividend |
Nov 15, 2011 | $0.016 | OrdinaryDividend |
Oct 18, 2011 | $0.006 | OrdinaryDividend |
Aug 16, 2011 | $0.019 | OrdinaryDividend |
Jul 19, 2011 | $0.046 | OrdinaryDividend |
Jun 20, 2011 | $0.075 | OrdinaryDividend |
May 17, 2011 | $0.043 | OrdinaryDividend |
Apr 18, 2011 | $0.042 | OrdinaryDividend |
Mar 21, 2011 | $0.030 | OrdinaryDividend |
Feb 22, 2011 | $0.004 | OrdinaryDividend |
Jan 19, 2011 | $0.012 | OrdinaryDividend |
Dec 20, 2010 | $0.011 | OrdinaryDividend |
Nov 18, 2010 | $0.017 | OrdinaryDividend |
Aug 19, 2010 | $0.006 | OrdinaryDividend |
Jul 21, 2010 | $0.019 | OrdinaryDividend |
Jun 22, 2010 | $0.031 | OrdinaryDividend |
May 24, 2010 | $0.031 | OrdinaryDividend |
Apr 21, 2010 | $0.018 | OrdinaryDividend |
Mar 23, 2010 | $0.011 | OrdinaryDividend |
ABNKX - Fund Manager Analysis
Managers
Michael Canter
Start Date
Tenure
Tenure Rank
Jan 29, 2016
6.34
6.3%
Director—Securitized Assets and US Multi-Sector Michael Canter is a Senior Vice President and Director of Securitized Assets and US Multi-Sector Fixed Income at AB, heading the portfolio-management teams for these strategies. His focus includes his role as the Chief Investment Officer of AB’s Securitized Assets Fund. Canter’s team is responsible for AB’s investments in agency mortgage-backed securities, credit risk–transfer securities, non-agency residential mortgage-backed securities, commercial mortgage-backed securities, collateralized loan obligations and other asset-backed securities. He has particularly extensive expertise in residential mortgages. In 2009, AB was selected by the US Department of the Treasury to manage one of nine Legacy Securities Public-Private Investment Program funds; Canter was the CIO of that AB-managed fund. In addition, he was called upon to give expert testimony to the US Senate Committee on Banking, Housing, and Urban Affairs in 2013 and the US House of Representatives Subcommittee on Housing and Insurance in 2017 on how US housing policy should be structured going forward. Prior to joining AB, Canter was the president of ACE Principal Finance, a division of ACE Limited (now Chubb). There, he managed portfolios of credit default swaps, asset-backed securities, mortgage-backed securities and collateralized debt obligations. Canter holds a BA in math and economics from Northwestern University and a PhD in finance from the Columbia University Graduate School of Business. Location: New York
Janaki Rao
Start Date
Tenure
Tenure Rank
Jan 31, 2018
4.33
4.3%
Portfolio Manager and Head—Agency Mortgage-Backed Securities Research Janaki Rao is a Senior Vice President, Portfolio Manager and Head of Agency Mortgage-Backed Securities Research, where he oversees agency mortgage-backed securities (MBS) research, including fundamental and relative-value research. He brings decades of experience to AB, with a focus on MBS and US interest-rate strategies. Before joining the firm, Rao spent seven years in the US Interest Rate Strategy Group at Morgan Stanley, where he was responsible for covering the agency MBS market, including publishing for the flagship weekly publication, and generating ad hoc reports on breaking news, in-depth analysis of emerging trends and product primers. He also engaged with policymakers on various issues related to housing finance. Prior to joining Morgan Stanley, Rao ran the advance pricing, debt and derivatives trading desk at the Federal Home Loan Bank of New York. He holds a BA in economics from Delhi University and an MBA in finance from the Zicklin School of Business at Baruch College. Location: New York
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.17 | 20.51 | 6.61 | 11.1 |