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Name

As of 04/25/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

AB Taxable Multi-Sector Income Shares

CSHTX | Fund

$9.63

$386 M

4.34%

$0.42

-

Vitals

YTD Return

0.6%

1 yr return

4.2%

3 Yr Avg Return

1.1%

5 Yr Avg Return

2.0%

Net Assets

$386 M

Holdings in Top 10

22.6%

52 WEEK LOW AND HIGH

$9.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio N/A

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 74.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/25/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

AB Taxable Multi-Sector Income Shares

CSHTX | Fund

$9.63

$386 M

4.34%

$0.42

-

CSHTX - Profile

Distributions

  • YTD Total Return 0.6%
  • 3 Yr Annualized Total Return 1.1%
  • 5 Yr Annualized Total Return 2.0%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.36%
DIVIDENDS
  • Dividend Yield 4.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    AB Taxable Multi-Sector Income Shares
  • Fund Family Name
    ALLIANCEBE
  • Inception Date
    Sep 28, 2012
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Scott DiMaggio

Fund Description

The Fund invests, under normal circumstances, at least 80% of its net assets in fixed-income securities. The Fund may invest in a broad range of securities in both developed and emerging markets. The Fund may invest across all fixed-income sectors, including corporate and U.S. and non‑U.S. Government securities. The Fund may invest up to 50% of its assets in below investment grade bonds (“junk bonds”). The Fund expects to invest in readily marketable fixed-income securities with a range of maturities from short- to long-term.
The Fund may invest without limit in U.S. Dollar-denominated foreign fixed-income securities and may invest up to 50% of its assets in non‑U.S. Dollar‑denominated foreign fixed-income securities. These investments may include, in each case, developed and emerging market debt securities.
The Adviser selects securities for purchase or sale based on its assessment of the securities’ risk and return characteristics as well as the securities’ impact on the overall risk and return characteristics of the Fund. In making this assessment, the Adviser takes into account various factors, including the credit quality and sensitivity to interest rates of the securities under consideration and of the Fund’s other holdings.
The Fund may also invest in mortgage-related and other asset-backed securities, loan participations, inflation-indexed securities, structured securities, variable, floating, and inverse floating-rate instruments and preferred stock, and may use other investment techniques. The Fund may use leverage for investment purposes. The Fund intends, among other things, to enter into transactions such as reverse repurchase agreements, forward contracts, and dollar rolls. The Fund may invest, without limit, in derivatives, such as options, futures contracts, forwards, or swap agreements.
Currencies can have a dramatic effect on returns of non‑U.S. Dollar‑denominated fixed-income securities, significantly adding to returns in some years and greatly diminishing them in others. The Adviser evaluates currency and fixed-income positions separately and may seek to hedge the currency exposure resulting from the Fund’s fixed-income securities positions when it finds the currency exposure unattractive. To hedge a portion of its currency risk, the Fund may from time to time invest in currency-related derivatives, including forward currency exchange contracts, futures contracts, options on futures contracts, swaps and options. The Adviser may also seek investment opportunities by taking long or short positions in currencies through the use of currency-related derivatives.
Read More

CSHTX - Performance

Return Ranking - Trailing

Period CSHTX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% -4.8% 10.2% 34.36%
1 Yr 4.2% -4.3% 23.7% 31.51%
3 Yr 1.1%* -6.8% 4.1% 10.61%
5 Yr 2.0%* -4.4% 4.3% 18.13%
10 Yr 1.8%* -19.2% 169.6% 21.04%

* Annualized

Return Ranking - Calendar

Period CSHTX Return Category Return Low Category Return High Rank in Category (%)
2023 2.6% -5.4% 7.6% 27.01%
2022 -4.7% -17.7% -2.6% 4.08%
2021 -1.2% -4.0% 4.4% 18.39%
2020 0.9% -8.3% 7.6% 82.94%
2019 2.4% -2.3% 9.3% 30.57%

Total Return Ranking - Trailing

Period CSHTX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% -4.8% 10.2% 34.36%
1 Yr 4.2% -4.3% 23.7% 31.51%
3 Yr 1.1%* -6.8% 4.1% 10.61%
5 Yr 2.0%* -4.4% 4.3% 18.13%
10 Yr 1.8%* -19.2% 169.6% 21.04%

* Annualized

Total Return Ranking - Calendar

Period CSHTX Return Category Return Low Category Return High Rank in Category (%)
2023 6.3% -1.1% 15.2% 28.28%
2022 -2.9% -17.3% -1.3% 5.38%
2021 0.5% -2.7% 7.7% 32.38%
2020 3.1% -4.4% 14.5% 85.29%
2019 5.5% 0.6% 12.6% 24.90%

NAV & Total Return History

CSHTX - Holdings

Concentration Analysis

CSHTX Category Low Category High CSHTX % Rank
Net Assets 386 M 14.5 K 57.3 B 72.38%
Number of Holdings 227 2 9251 72.56%
Net Assets in Top 10 88.7 M 1.16 M 6.6 B 71.84%
Weighting of Top 10 22.64% 1.8% 108.7% 57.22%

Top 10 Holdings

  1. Federal Home Loan Banks 6.11%
  2. Federal Home Loan Banks 4.10%
  3. United States Treasury Bill - WI Post Auction 3.95%
  4. AB Fixed Income Shares, Inc. - Government Money Market Portfolio 3.61%
  5. Federal Home Loan Banks 0.96%
  6. NEW JERSEY ST ECON DEV AUTH LEASE REVENUE 0.83%
  7. SAN ANTONIO TX 0.77%
  8. Avis Budget Rental Car Funding AESOP LLC 0.77%
  9. Oracle Corp 0.77%
  10. Charles Schwab Corp/The 0.77%

Asset Allocation

Weighting Return Low Return High CSHTX % Rank
Bonds 		84.00% 0.00% 130.68% 60.65%
Other 		8.23% -0.97% 72.36% 45.85%
Cash 		7.77% -20.59% 62.18% 14.98%
Convertible Bonds 		3.47% 0.00% 27.71% 36.53%
Stocks 		0.00% 0.00% 103.64% 36.10%
Preferred Stocks 		0.00% 0.00% 22.27% 27.62%

Bond Sector Breakdown

Weighting Return Low Return High CSHTX % Rank
Corporate 		54.29% 0.00% 100.00% 26.94%
Government 		19.28% 0.00% 73.63% 46.11%
Municipal 		12.82% 0.00% 17.46% 0.90%
Cash & Equivalents 		7.56% 0.00% 62.18% 13.00%
Securitized 		4.58% 0.00% 97.27% 88.61%
Derivative 		0.11% -0.55% 28.01% 27.08%

Bond Geographic Breakdown

Weighting Return Low Return High CSHTX % Rank
US 		84.00% 0.00% 130.68% 55.42%
Non US 		0.00% 0.00% 83.16% 31.05%

CSHTX - Expenses

Operational Fees

CSHTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio N/A 0.01% 3.24% 100.00%
Management Fee 0.00% 0.00% 1.19% 0.72%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

CSHTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.50% 4.00% N/A

Trading Fees

CSHTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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.

CSHTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 74.00% 2.00% 500.00% 49.48%

CSHTX - Distributions

Dividend Yield Analysis

CSHTX Category Low Category High CSHTX % Rank
Dividend Yield 4.34% 0.00% 10.67% 58.48%

Dividend Distribution Analysis

CSHTX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

CSHTX Category Low Category High CSHTX % Rank
Net Income Ratio 1.36% -1.27% 4.98% 38.56%

Capital Gain Distribution Analysis

CSHTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

CSHTX - Fund Manager Analysis

Managers

Scott DiMaggio

Start Date

Tenure

Tenure Rank

Sep 15, 2010

11.72

11.7%

Scott DiMaggio is Senior Vice President and Director of both Global Fixed Income and Canada Fixed Income and Co-Head of Fixed Income at AB. Before joining the firm in 1999, DiMaggio was a risk management market analyst at Santander Investment Securities. He also held positions as a senior consultant at Ernst & Young and Andersen Consulting. DiMaggio holds a BS in business administration from the State University of New York, Albany, and an MS in finance from Baruch College. He is a member of the Global Association of Risk Professionals and a CFA charterholder. Location: New York

Janaki Rao

Start Date

Tenure

Tenure Rank

Oct 06, 2021

0.65

0.7%

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
0.07 28.77 6.14 2.41

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