AGDAX: AB High Income Fund - MutualFunds.com

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AGDAX - Snapshot

Vitals

  • YTD Return -5.4%
  • 3 Yr Annualized Return 0.8%
  • 5 Yr Annualized Return 4.1%
  • Net Assets $5.23 B
  • Holdings in Top 10 12.1%

52 WEEK LOW AND HIGH

$7.85
$6.18
$8.37

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.88%

SALES FEES

  • Front Load 4.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 49.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $2,500

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Bond

Compare AGDAX to Popular High Yield Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$5.93

0.00%

$27.58 B

4.78%

$0.28

-0.50%

-

$7.69

0.00%

$25.49 B

5.27%

$0.41

-1.03%

-

$86.27

-0.05%

$23.82 B

4.89%

$4.22

-1.74%

-

$5.45

0.00%

$20.11 B

5.80%

$0.32

-2.33%

-

$9.98

+0.10%

$16.76 B

5.70%

$0.57

-0.99%

-

AGDAX - Profile

Distributions

  • YTD Total Return -5.4%
  • 3 Yr Annualized Total Return -0.7%
  • 5 Yr Annualized Total Return 3.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.82%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Douglas Peebles

AGDAX - Performance

Return Ranking - Trailing

Period AGDAX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.4% -48.4% 391.7% 95.25%
1 Yr -2.2% -54.3% 9.9% 93.77%
3 Yr 0.8%* -21.8% 8.3% 95.36%
5 Yr 4.1%* -0.9% 9.0% 81.14%
10 Yr 5.0%* 0.7% 9.2% 65.31%

* Annualized

Return Ranking - Calendar

Period AGDAX Return Category Return Low Category Return High Rank in Category (%)
2019 6.7% -10.3% 226.1% 65.71%
2018 -11.7% -18.4% -0.2% 96.50%
2017 1.8% -9.5% 18.8% 26.50%
2016 8.0% -9.1% 28.6% 36.48%
2015 -10.4% -34.3% 3.5% 71.29%

Total Return Ranking - Trailing

Period AGDAX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.4% -48.4% 391.7% 95.25%
1 Yr -6.3% -54.3% 9.9% 96.81%
3 Yr -0.7%* -21.8% 8.3% 97.39%
5 Yr 3.2%* -1.1% 9.0% 93.04%
10 Yr 4.5%* 0.7% 9.2% 78.90%

* Annualized

Total Return Ranking - Calendar

Period AGDAX Return Category Return Low Category Return High Rank in Category (%)
2019 6.7% -8.1% 23.9% 68.01%
2018 -11.7% -18.4% 1.3% 96.65%
2017 2.1% -8.5% 18.8% 39.83%
2016 8.5% -9.1% 39.0% 42.35%
2015 -9.4% -32.4% 3.5% 61.27%

NAV & Total Return History


AGDAX - Holdings

Concentration Analysis

AGDAX Category Low Category High AGDAX % Rank
Net Assets 5.23 B 3.33 M 27.6 B 12.69%
Number of Holdings 1404 1 2239 2.71%
Net Assets in Top 10 635 M -492 M 2.87 B 13.70%
Weighting of Top 10 12.06% 3.4% 100.0% 50.48%

Top 10 Holdings

  1. United States Treasury Notes 2.38% 2.51%
  2. United States Treasury Bonds 6.12% 1.71%
  3. United States Treasury Notes 0.62% 1.52%
  4. United States Treasury Bonds 1.25% 1.33%
  5. 10 Year Treasury Note Future Sept 20 1.23%
  6. 10 Year Treasury Note Future Sept 20 1.23%
  7. 10 Year Treasury Note Future Sept 20 1.23%
  8. 10 Year Treasury Note Future Sept 20 1.23%
  9. 10 Year Treasury Note Future Sept 20 1.23%
  10. 10 Year Treasury Note Future Sept 20 1.23%

Asset Allocation

Weighting Return Low Return High AGDAX % Rank
Bonds
112.31% 0.00% 141.18% 1.49%
Convertible Bonds
3.62% 0.00% 19.96% 9.23%
Stocks
0.98% -28.46% 28.23% 19.13%
Other
0.82% -2.78% 58.14% 7.06%
Preferred Stocks
0.67% 0.00% 7.97% 17.23%
Cash
-18.39% -48.94% 100.00% 98.51%

Stock Sector Breakdown

Weighting Return Low Return High AGDAX % Rank
Energy
39.31% 0.00% 100.00% 36.76%
Financial Services
33.49% 0.00% 100.00% 8.75%
Technology
13.36% 0.00% 46.47% 10.07%
Basic Materials
6.45% 0.00% 100.00% 12.91%
Communication Services
4.64% 0.00% 100.00% 33.92%
Industrials
2.76% 0.00% 100.00% 30.20%
Utilities
0.00% 0.00% 99.51% 44.64%
Real Estate
0.00% 0.00% 100.00% 36.54%
Healthcare
0.00% 0.00% 100.00% 45.51%
Consumer Defense
0.00% 0.00% 52.26% 29.10%
Consumer Cyclical
0.00% 0.00% 100.00% 49.45%

Stock Geographic Breakdown

Weighting Return Low Return High AGDAX % Rank
US
0.71% -28.07% 19.67% 25.24%
Non US
0.27% -0.39% 13.32% 5.56%

Bond Sector Breakdown

Weighting Return Low Return High AGDAX % Rank
Corporate
46.52% 0.00% 100.00% 96.33%
Derivative
24.04% 0.00% 51.02% 1.63%
Government
19.71% 0.00% 74.11% 1.22%
Securitized
8.82% 0.00% 95.38% 2.99%
Cash & Equivalents
0.75% 0.00% 100.00% 89.13%
Municipal
0.15% 0.00% 16.25% 2.85%

Bond Geographic Breakdown

Weighting Return Low Return High AGDAX % Rank
US
73.49% 0.00% 127.79% 76.93%
Non US
38.82% -27.40% 96.73% 5.16%

AGDAX - Expenses

Operational Fees

AGDAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.88% 0.04% 20.17% 62.22%
Management Fee 0.47% 0.00% 1.84% 23.47%
12b-1 Fee 0.25% 0.00% 1.00% 25.60%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

AGDAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.25% 2.00% 5.75% 30.95%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

AGDAX 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.

AGDAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 49.00% 1.00% 349.00% 37.78%

AGDAX - Distributions

Dividend Yield Analysis

AGDAX Category Low Category High AGDAX % Rank
Dividend Yield 0.00% 0.00% 6.07% 30.14%

Dividend Distribution Analysis

AGDAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

AGDAX Category Low Category High AGDAX % Rank
Net Income Ratio 5.82% -0.81% 10.03% 17.96%

Capital Gain Distribution Analysis

AGDAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Semi-Annually

Dividend Payout History

View More +

AGDAX - Fund Manager Analysis

Managers

Douglas Peebles


Start Date

Tenure

Tenure Rank

Aug 31, 2002

18.18

18.2%

Douglas J. Peebles is the Chief Investment Officer of AB Fixed Income and a Partner of the firm. As CIO, he is also Co-Chairman of the Interest Rates and Currencies Research Review team. Since joining AB in 1987, Peebles has held several leadership positions, including director of Global Fixed Income (1997–2004), co-head of AB Fixed Income (2004–2008) and Head of Fixed Income (2008–2016). He holds a BA from Muhlenberg College and an MBA from Rutgers University. Location: New York Mr. Peebles is expected to retire from the AllianceBernstein L.P. effective December 30, 2020.

Matthew Sheridan


Start Date

Tenure

Tenure Rank

Oct 31, 2005

15.01

15.0%

Matthew Sheridan is a Senior Vice President and Portfolio Manager at AB, primarily focusing on the Global Multi-Sector Strategy portfolios. He is a member of the Global Fixed Income, Global High Income and Emerging Market Debt portfolio-management teams. Additionally, Sheridan is a member of the Rates and Currency Research Review team and the Emerging Market Debt Research Review team. He joined AB 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 Distenfeld


Start Date

Tenure

Tenure Rank

Feb 01, 2008

12.76

12.8%

Gershon M. Distenfeld is a Senior Vice President and Director of Credit at AB, responsible for overseeing the investment strategy and management of all investment-grade and high-yield corporate bond portfolios and associated portfolio-management teams and Co-Head of Fixed Income. Strategies under his purview span the credit and risk spectrum, from short-duration investment-grade corporate bond portfolios to regional and global high-yield portfolios, encompassing a range of investment approaches, objectives and alpha targets, from income-oriented buy-and-hold strategies to active multi-sector total return strategies, and including both publicly traded securities and private placements in developed and emerging markets. Distenfeld is also a Partner of the firm. He co-manages AB’s multiple-award-winning High Income Fund, named “Best Fund over 10 Years” by Lipper from 2012 to 2015, and the multiple-award-winning Global High Yield and American Income portfolios, flagship fixed-income funds on the firm’s Luxembourg-domiciled fund platform for non-US investors. Distenfeld also designed and is one of the lead portfolio managers for AB’s Multi-Sector Credit Strategy, which invests across investment-grade and high-yield credit sectors globally. He is the author of a number of published papers, including one on high-yield bonds being attractive substitutes for equities and another on the often-misunderstood differences between high-yield bonds and loans. His blog “High Yield Won’t Bubble Over” (January 2013) is one of AB’s all-time most-read blogs. Distenfeld joined AB in 1998 as a fixed-income business analyst, and served as a high-yield trader (1999–2002) and high-yield portfolio manager (2002–2006) before being named director of High Yield in 2006. He began his career as an operations analyst supporting Emerging Markets Debt at Lehman Brothers. Distenfeld holds a BS in finance from the Sy Syms School of Business at Yeshiva University, and is a CFA charterholder. Location: New York

Shamaila Khan


Start Date

Tenure

Tenure Rank

Feb 01, 2019

1.75

1.8%

Shamaila Khan is a Director of AB’s Emerging Market Debt strategies. In January 2017, she was named a Director of Emerging Market Debt, expanding her influence on our Emerging Market Debt team to include the management and oversight of our hard- and local-currency emerging-market sovereign-debt strategies. Khan joined AB in 2011 as a senior vice president and portfolio manager, focusing on emerging-market corporate and quasi-sovereign issuers across all of AB’s emerging-market debt and credit strategies. She has been actively managing and evaluating corporate and sovereign emerging-market debt issuance since 1997. Prior to joining AB, Khan served as managing director of emerging-market debt for TIAA-CREF. She has participated in many emerging-market panels and discussions worldwide, including Fitch’s Annual Emerging Markets Outlook Conference, the Bank of America Merrill Lynch Emerging Markets Conference and Debtwire Emerging Markets Investors Summit. Khan holds a BBA from Quaid-i-Azam University, Pakistan, and an MBA (with honors) from New York University’s Leonard N. Stern School of Business.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 36.21 6.49 1.34
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