FFIYX: AB FlexFee International Bond Advisor

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FFIYX AB FlexFee International Bond Advisor

  • Fund
  • FFIYX
  • Price as of: Nov 20, 2019
  • $10.21 + $0.01 + 0.10%

FFIYX - Profile

Vitals

  • YTD Return 5.8%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $48.4 M
  • Holdings in Top 10 59.4%

52 WEEK LOW AND HIGH

$10.21
$9.64
$10.34

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.21%

SALES FEES

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

BROKERAGE FEES

  • Turnover 85.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style World Bond-USD Hedged

Distributions

  • YTD Total Return 6.0%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.85%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name AB FlexFee International Bond Portfolio
  • Fund Family Name AllianceBernstein
  • Inception Date Jun 28, 2017
  • Shares Outstanding N/A
  • Share Class Adv
  • Currency USD
  • Domiciled Country United States
  • Manager Matthew S. Sheridan

Fund Description

The fund invests primarily in fixed-income securities of non-U.S. companies and governments. Under normal circumstances, it invests at least 80% of its net assets in fixed-income securities and related derivatives. In addition, the fund invests, under normal circumstances, in the fixed-income securities of companies located in at least three countries other than the United States. It normally invests at least 75% of its net assets in fixed-income securities rated investment grade at the time of investment and may invest up to 25% of its net assets in junk bonds.

FFIYX - Performance

Return Ranking - Trailing

Period FFIYX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.8% -11.8% 80.1% 54.34%
1 Yr 2.4% -16.5% 34.4% 83.43%
3 Yr N/A* -10.3% 10.7% N/A
5 Yr N/A* -9.0% 22.1% N/A
10 Yr N/A* -5.4% 12.3% N/A

* Annualized


Return Ranking - Calendar

Period FFIYX Return Category Return Low Category Return High Rank in Category (%)
2018 -3.2% -53.1% 2.2% 11.34%
2017 N/A -9.1% 15.4% N/A
2016 N/A -12.3% 219.0% N/A
2015 N/A -29.9% 14.0% N/A
2014 N/A -22.4% 200.4% N/A

Total Return Ranking - Trailing

Period FFIYX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.0% -11.8% 80.1% 54.64%
1 Yr 6.8% -16.5% 34.4% 52.71%
3 Yr N/A* -10.3% 14.9% N/A
5 Yr N/A* -7.1% 31.9% N/A
10 Yr N/A* -5.4% 21.0% N/A

* Annualized


Total Return Ranking - Calendar

Period FFIYX Return Category Return Low Category Return High Rank in Category (%)
2018 1.9% -53.1% 3.8% 2.24%
2017 N/A -6.6% 21.6% N/A
2016 N/A -12.3% 242.1% N/A
2015 N/A -29.9% 22.6% N/A
2014 N/A -22.2% 203.8% N/A

NAV & Total Return History

FFIYX - Holdings

Concentration Analysis

FFIYX Category Low Category High FFIYX % Rank
Net Assets 48.4 M 926 K 14.1 B 76.78%
Number of Holdings 311 5 3572 32.40%
Net Assets in Top 10 5.49 M -144 M 11.4 B 85.36%
Weighting of Top 10 59.38% 5.6% 1055.7% 34.91%

Top 10 Holdings

  1. Irs #509555 Rec Fixed 2.8240 2.824% 10/09/2020 9.85%

  2. Cdx-Naigs33v1-5y Cdss 510893 1% 20/12/2024 9.51%

  3. Itraxx-Australias32v1-5y Cdsb 1% 20/12/2024 9.48%

  4. US 10 Year Note (CBT) Dec19 5.41%

  5. US 10 Year Ultra Future Dec19 5.28%

  6. Canada (Government of) 2.25% 4.33%

  7. Irs #509558 Rec Fixed 2.8830 2.883% 10/09/2023 4.28%

  8. US Ultra Bond (CBT) Dec19 3.90%

  9. Irs #510607 Pay Fixed 2.2875 2.288% 24/05/2021 3.83%

  10. China Development Bank 3.68% 3.51%


Asset Allocation

Weighting Return Low Return High FFIYX % Rank
Bonds
97.51% 80.10% 1025.08% 37.13%
Convertible Bonds
1.91% 0.00% 50.87% 14.20%
Cash
0.51% -1000.79% 20.55% 60.65%
Preferred Stocks
0.07% 0.00% 10.86% 12.13%
Stocks
0.00% -61.27% 110.51% 52.66%
Other
0.00% -31.37% 67.70% 33.28%

Bond Sector Breakdown

Weighting Return Low Return High FFIYX % Rank
Government
67.73% -1.71% 1025.08% 46.01%
Corporate
18.91% 0.00% 242.29% 59.91%
Securitized
10.99% 0.00% 113.77% 26.48%
Derivative
4.79% -167.75% 61.05% 6.36%
Municipal
0.00% 0.00% 74.38% 25.44%
Cash & Equivalents
-2.41% -999.86% 49.97% 70.41%

Bond Geographic Breakdown

Weighting Return Low Return High FFIYX % Rank
Non US
84.59% -95.83% 193.82% 38.91%
US
12.92% -66.44% 1120.91% 65.98%

FFIYX - Expenses

Operational Fees

FFIYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.21% 0.17% 290.47% 56.02%
Management Fee 0.10% 0.00% 2.50% 4.31%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

FFIYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.15% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FFIYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.15% 2.00% N/A

Turnover 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.

FFIYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 85.00% 0.00% 963.00% 49.77%

FFIYX - Distributions

Dividend Yield Analysis

FFIYX Category Low Category High FFIYX % Rank
Dividend Yield 0.54% 0.00% 13.32% 80.47%

Dividend Distribution Analysis

FFIYX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Quarterly

Dividend Payout History


Net Income Ratio Analysis

FFIYX Category Low Category High FFIYX % Rank
Net Income Ratio 1.85% -1.65% 8.90% 66.42%

Capital Gain Distribution Analysis

FFIYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

FFIYX - Managers

Matthew S. Sheridan

Manager

Start Date

Tenure

Tenure Rank

Jun 28, 2017

2.34

2.3%

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


Scott A. DiMaggio

Manager

Start Date

Tenure

Tenure Rank

Jun 28, 2017

2.34

2.3%

Scott DiMaggio is Senior Vice President and Director of both Global Fixed Income and Canada 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


Douglas J. Peebles

Manager

Start Date

Tenure

Tenure Rank

Jun 28, 2017

2.34

2.3%

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


Paul J. DeNoon

Manager

Start Date

Tenure

Tenure Rank

Jun 28, 2017

2.34

2.3%

Paul DeNoon is Director of AB’s Global High Income and Emerging Market Debt strategies and a Partner of the firm. He leads the management of AB’s large global high-yield franchise, co-managing the firm’s award-winning High Income Fund, named “Best Fund over 10 Years” by Lipper from 2012 through 2015. DeNoon is also a Director, with Shamaila Khan, of AB’s Emerging Market Debt Portfolios, overseeing the management of emerging-market sovereign, quasi-sovereign and corporate debt strategies in both hard and local currencies. He is a member of the firm’s Emerging Market Multi-Asset Strategy Committee, Dynamic Asset Allocation Committee and the Municipal Impact Investment Policy Group. DeNoon is also the Partner overseeing the firm’s corporate responsibility, which includes responsible investment (environmental, social and corporate governance) and diversity and inclusion. He joined AB in 1992, and was instrumental in introducing some of the firm’s flagship emerging-market debt and global high-yield funds. Previously, DeNoon was a vice president in the Investment Portfolio Group at Manufacturers Hanover Trust and an economist in the bank’s Financial Markets Research Group, where he was primarily responsible for the analysis of monetary and fiscal policy. He began his career as a research analyst at Lehman Brothers. DeNoon holds a BA in economics from Union College and an MBA in finance from New York University. Location: New York


Tenure Analysis

Category Low

0.0

Category High

28.85

Category Average

5.75

Category Mode

10.17