AGSKX: AB Unconstrained Bond K

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AGSKX AB Unconstrained Bond K


Profile

AGSKX - Profile

Vitals

  • YTD Return -5.2%
  • 3 Yr Annualized Return -6.0%
  • 5 Yr Annualized Return -3.1%
  • Net Assets $53.6 M
  • Holdings in Top 10 N/A

52 WEEK LOW AND HIGH

$7.28
$7.21
$7.99

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.30%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 59.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Nontraditional Bond

Distributions

  • YTD Total Return -5.2%
  • 3 Yr Annualized Total Return -5.1%
  • 5 Yr Annualized Total Return -1.6%
  • Capital Gain Distribution Frequency Daily
  • Net Income Ratio 3.10%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    AB Unconstrained Bond Fund
  • Fund Family Name
    AllianceBernstein
  • Inception Date
    Mar 01, 2005
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Douglas Peebles

Fund Description

The fund invests at least 80% of its net assets in fixed-income securities and derivatives related to fixed-income securities. It invests in a portfolio that includes fixed-income securities of U.S. and non-U.S. companies and U.S. and non-U.S. government securities and supranational entities, including lower-rated securities. The fund may invest in debt securities with a range of maturities from short- to long-term. The adviser expects that its average portfolio duration will vary normally from negative 3 years to positive 7 years.


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Categories

Performance

AGSKX - Performance

Return Ranking - Trailing

Period AGSKX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.2% -21.5% 302.0% 76.85%
1 Yr -7.8% -24.0% 304.3% 82.39%
3 Yr -6.0%* -12.1% 58.6% 91.09%
5 Yr -3.1%* -6.7% 33.2% 89.86%
10 Yr -1.5%* -4.9% 14.8% 61.18%

* Annualized

Return Ranking - Calendar

Period AGSKX Return Category Return Low Category Return High Rank in Category (%)
2019 -7.2% -7.4% 12.4% 98.33%
2018 -4.2% -9.2% 0.8% 49.62%
2017 2.0% -12.3% 9.4% 26.00%
2016 1.0% -2.8% 10.7% 67.10%
2015 -3.1% -11.1% 4.8% 32.00%

Total Return Ranking - Trailing

Period AGSKX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.2% -21.5% 302.0% 76.85%
1 Yr -7.8% -24.0% 304.3% 82.70%
3 Yr -5.1%* -9.0% 62.5% 90.70%
5 Yr -1.6%* -4.3% 37.0% 81.11%
10 Yr -0.4%* -4.9% 20.0% 57.65%

* Annualized

Total Return Ranking - Calendar

Period AGSKX Return Category Return Low Category Return High Rank in Category (%)
2019 -6.9% -7.0% 12.6% 98.33%
2018 -2.5% -9.2% 4.8% 44.36%
2017 3.7% -3.1% 15.2% 35.60%
2016 4.3% -2.8% 17.7% 43.29%
2015 -0.8% -10.1% 5.4% 27.50%

NAV & Total Return History


Holdings

AGSKX - Holdings

Concentration Analysis

AGSKX Category Low Category High AGSKX % Rank
Net Assets 53.6 M 2.88 M 32.4 B 82.14%
Number of Holdings 381 1 5115 42.09%
Net Assets in Top 10 120 M -3.43 B 10 B 42.41%
Weighting of Top 10 N/A 11.1% 866.9% 0.63%

Top 10 Holdings

  1. Jpn 10y Bond(Ose) 0% 14/09/2020 118.37%
  2. 5 Year Treasury Note Future Sept 20 86.41%
  3. 2 Year Treasury Note Future Sept 20 78.92%
  4. 10 Year Treasury Note Future Sept 20 67.90%
  5. Long Gilt Future Sept 20 37.91%
  6. United States Treasury Bills 0% 24.37%
  7. Ultra 10 Year US Treasury Note Future Sept 20 19.89%
  8. United States Treasury Notes 0.38% 19.56%
  9. United States Treasury Notes 1.62% 18.81%
  10. Euro-Bund Future 0% 08/09/2020 13.34%

Asset Allocation

Weighting Return Low Return High AGSKX % Rank
Cash
336.25% -164.01% 2217.71% 0.95%
Stocks
2.14% -71.93% 249.29% 9.49%
Convertible Bonds
0.01% -1.28% 141.94% 71.84%
Preferred Stocks
0.00% 0.00% 23.00% 66.14%
Other
0.00% -15.28% 43.46% 68.35%
Bonds
-238.40% -2367.93% 258.37% 98.42%

Expenses

AGSKX - Expenses

Operational Fees

AGSKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.30% 0.01% 14.61% 47.92%
Management Fee 0.50% 0.00% 2.15% 18.24%
12b-1 Fee 0.25% 0.00% 1.00% 34.74%
Administrative Fee N/A 0.03% 0.45% N/A

Sales Fees

AGSKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 6.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

AGSKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.40% 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.

AGSKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 59.00% 2.00% 532.00% 37.32%

Distributions

AGSKX - Distributions

Dividend Yield Analysis

AGSKX Category Low Category High AGSKX % Rank
Dividend Yield 0.00% 0.00% 4.58% 51.98%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

AGSKX Category Low Category High AGSKX % Rank
Net Income Ratio 3.10% -0.23% 6.94% 55.06%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

AGSKX - Fund Manager Analysis

Managers

Douglas Peebles


Start Date

Tenure

Tenure Rank

Jan 09, 1996

24.66

24.7%

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.

Dimitri Silva


Start Date

Tenure

Tenure Rank

Feb 01, 2015

5.58

5.6%

Portfolio Manager—US and Global Multi-Sector Dimitri Silva is a Vice President and Portfolio Manager at AllianceBernstein. He is a member of the US Multi-Sector, Global Multi-Sector and Fixed Income Absolute Return portfolio-management teams. Silva specializes in global interest-rate strategies, including inflation-linked strategies, as a member of our Rates and Currency Research Review team. He joined the firm in 2007 as an associate portfolio manager. Silva holds a BS (summa cum laude) in mathematics/physics and chemistry from The College of Idaho. He is a CFA charterholder and a member of the New York Society of Security Analysts. Location: New York

Scott DiMaggio


Start Date

Tenure

Tenure Rank

Jan 29, 2016

4.59

4.6%

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

Gershon Distenfeld


Start Date

Tenure

Tenure Rank

Jan 29, 2016

4.59

4.6%

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

John Taylor


Start Date

Tenure

Tenure Rank

Jan 29, 2016

4.59

4.6%

John Taylor Portfolio Manager—Global Multi-Sector John Taylor is a Senior Vice President and Portfolio Manager at AllianceBernstein , and a member of the Global Fixed Income, Absolute Return, UK Fixed Income, Euro Fixed Income and Emerging Market Debt portfolio-management teams. As a member of the Absolute Return portfolio-management team, he is also the Lead Portfolio Manager for the Diversified Yield Plus Strategy. Taylor holds a BSc (Hons) in economics from the University of Kent.Mr. Taylor also serves as a member of the Emerging Market Debt Research Review team. Mr. Taylor has been with AllianceBernstein for eighteen years. Location: London

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 25.68 5.68 1.67