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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

AB High Income Fund

AGDCX | Fund

$8.08

$4.61 B

4.53%

$0.37

1.62%

Vitals

YTD Return

-0.6%

1 yr return

12.2%

3 Yr Avg Return

4.3%

5 Yr Avg Return

4.0%

Net Assets

$4.61 B

Holdings in Top 10

10.4%

52 WEEK LOW AND HIGH

$8.1
$7.61
$8.20

Expenses

OPERATING FEES

Expense Ratio 1.62%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 54.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$2,500


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

High Yield Bond


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

AB High Income Fund

AGDCX | Fund

$8.08

$4.61 B

4.53%

$0.37

1.62%

AGDCX - Profile

Distributions

  • YTD Total Return -0.6%
  • 3 Yr Annualized Total Return 4.3%
  • 5 Yr Annualized Total Return 4.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.56%
DIVIDENDS
  • Dividend Yield 4.5%
  • 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 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 (%)
YTD -0.6% -69.1% 18.4% 77.04%
1 Yr 12.2% -16.2% 44.9% 30.69%
3 Yr 4.3%* -14.6% 17.4% 88.32%
5 Yr 4.0%* -7.1% 13.4% 94.57%
10 Yr 5.7%* 2.5% 10.8% 81.58%

* Annualized

Return Ranking - Calendar

Period AGDCX Return Category Return Low Category Return High Rank in Category (%)
2020 -3.3% -75.1% 399.1% 86.87%
2019 6.7% -56.9% 226.1% 63.71%
2018 -11.8% -61.3% -0.4% 93.95%
2017 1.9% -49.0% 18.8% 26.33%
2016 8.0% -25.2% 28.6% 35.84%

Total Return Ranking - Trailing

Period AGDCX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.6% -69.1% 18.4% 77.04%
1 Yr 11.2% -18.7% 52.4% 34.63%
3 Yr 4.3%* -14.6% 16.3% 80.94%
5 Yr 4.0%* -7.1% 12.7% 91.17%
10 Yr 5.7%* 2.5% 10.8% 78.64%

* Annualized

Total Return Ranking - Calendar

Period AGDCX Return Category Return Low Category Return High Rank in Category (%)
2020 -3.3% -75.1% 399.1% 86.87%
2019 6.7% -56.9% 23.9% 66.00%
2018 -11.8% -61.3% 0.9% 94.10%
2017 2.2% -49.0% 18.8% 36.50%
2016 8.5% -25.2% 39.0% 39.96%

NAV & Total Return History


AGDCX - Holdings

Concentration Analysis

AGDCX Category Low Category High AGDCX % Rank
Net Assets 4.61 B 3.09 M 29.8 B 14.48%
Number of Holdings 1159 1 2534 5.07%
Net Assets in Top 10 488 M -557 M 4.07 B 14.36%
Weighting of Top 10 10.36% 2.6% 100.0% 60.72%

Top 10 Holdings

  1. Us 10Yr Note (Cbt) 0% 22/03/2021 6.14%
  2. Us 10Yr Note (Cbt) 0% 22/03/2021 6.14%
  3. Us 10Yr Note (Cbt) 0% 22/03/2021 6.14%
  4. Us 10Yr Note (Cbt) 0% 22/03/2021 6.14%
  5. Us 10Yr Note (Cbt) 0% 22/03/2021 6.14%
  6. Us 10Yr Note (Cbt) 0% 22/03/2021 6.14%
  7. Us 10Yr Note (Cbt) 0% 22/03/2021 6.14%
  8. Us 10Yr Note (Cbt) 0% 22/03/2021 6.14%
  9. Us 10Yr Note (Cbt) 0% 22/03/2021 6.14%
  10. Us 10Yr Note (Cbt) 0% 22/03/2021 6.14%

Asset Allocation

Weighting Return Low Return High AGDCX % Rank
Bonds
109.69% 0.00% 149.08% 1.36%
Stocks
2.49% 0.00% 38.15% 12.62%
Convertible Bonds
1.91% 0.00% 18.19% 31.93%
Preferred Stocks
1.55% 0.00% 13.89% 9.16%
Other
0.67% -53.57% 32.06% 8.17%
Cash
-16.31% -46.64% 100.00% 98.64%

Stock Sector Breakdown

Weighting Return Low Return High AGDCX % Rank
Energy
44.54% 0.00% 100.00% 45.45%
Consumer Defense
37.38% 0.00% 100.00% 7.42%
Industrials
7.07% 0.00% 100.00% 16.33%
Communication Services
6.36% 0.00% 100.00% 34.14%
Technology
3.92% 0.00% 60.77% 13.54%
Consumer Cyclical
0.73% 0.00% 100.00% 31.73%
Utilities
0.00% 0.00% 100.00% 64.01%
Real Estate
0.00% 0.00% 100.00% 59.93%
Healthcare
0.00% 0.00% 42.86% 64.01%
Financial Services
0.00% 0.00% 100.00% 67.72%
Basic Materials
0.00% 0.00% 100.00% 71.24%

Stock Geographic Breakdown

Weighting Return Low Return High AGDCX % Rank
US
2.48% -1.89% 35.96% 12.50%
Non US
0.01% -0.04% 5.61% 33.66%

Bond Sector Breakdown

Weighting Return Low Return High AGDCX % Rank
Corporate
63.01% 0.00% 100.00% 95.79%
Government
14.72% 0.00% 76.79% 2.48%
Derivative
13.32% 0.00% 42.24% 3.22%
Securitized
6.97% 0.00% 94.09% 7.56%
Cash & Equivalents
1.68% 0.00% 100.00% 75.46%
Municipal
0.31% 0.00% 11.89% 2.35%

Bond Geographic Breakdown

Weighting Return Low Return High AGDCX % Rank
US
80.47% 0.00% 135.50% 50.62%
Non US
29.22% 0.00% 96.92% 9.41%

AGDCX - Expenses

Operational Fees

AGDCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.62% 0.03% 4.79% 16.77%
Management Fee 0.47% 0.00% 1.84% 26.69%
12b-1 Fee 1.00% 0.00% 1.00% 89.86%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

AGDCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load 1.00% 0.00% 5.50% 65.60%

Trading Fees

AGDCX 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.

AGDCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 54.00% 0.00% 347.00% 28.49%

AGDCX - Distributions

Dividend Yield Analysis

AGDCX Category Low Category High AGDCX % Rank
Dividend Yield 4.53% 0.00% 34.04% 53.44%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

AGDCX Category Low Category High AGDCX % Rank
Net Income Ratio 4.56% -2.39% 10.53% 63.50%

Capital Gain Distribution Analysis

AGDCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Semi-Monthly

Dividend Payout History

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AGDCX - Fund Manager Analysis

Managers

Matthew Sheridan


Start Date

Tenure

Tenure Rank

Oct 31, 2005

15.93

15.9%

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

13.67

13.7%

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

Fahd Malik


Start Date

Tenure

Tenure Rank

Jan 29, 2021

0.67

0.7%

Fahd Malik is a Portfolio Manager on the fixed income team, focusing primarily on Income Strategies. Prior to taking on this role, he served as a portfolio manager for AB’s Absolute Return fund. Malik joined the firm in 2006 and has extensive experience in systematic, market neutral, risk-mitigating and derivative strategies. He holds a BS in electrical and computer engineering from The Cooper Union for the Advancement of Science and Art and an MS in mathematics in finance from the Courant Institute of Mathematical Sciences at New York University. Location: New York

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 37.13 6.87 2.25