AB High Yield Portfolio A
Name
As of 04/14/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
2.2%
1 yr return
-7.8%
3 Yr Avg Return
5.1%
5 Yr Avg Return
0.5%
Net Assets
$60.3 M
Holdings in Top 10
11.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.85%
SALES FEES
Front Load 4.44%
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$2,500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/14/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
HIAYX - Profile
Distributions
- YTD Total Return 2.2%
- 3 Yr Annualized Total Return 5.1%
- 5 Yr Annualized Total Return 0.5%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.43%
- Dividend Yield 7.1%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameAB High Yield Portfolio
-
Fund Family NameAllianceBernstein
-
Inception DateApr 30, 2021
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerGershon Distenfeld
Fund Description
HIAYX - Performance
Return Ranking - Trailing
Period | HIAYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.2% | -39.9% | 6.2% | 21.63% |
1 Yr | -7.8% | -22.1% | 21.3% | 79.42% |
3 Yr | 5.1%* | -14.2% | 66.8% | 6.90% |
5 Yr | 0.5%* | -13.6% | 37.2% | 9.85% |
10 Yr | -1.1%* | -9.3% | 16.2% | 14.56% |
* Annualized
Return Ranking - Calendar
Period | HIAYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -17.6% | -44.3% | 3.7% | 83.54% |
2022 | N/A | -56.9% | 9.2% | 97.93% |
2021 | -2.6% | -53.7% | 70.9% | 97.44% |
2020 | 1.9% | -33.7% | 5.1% | 52.11% |
2019 | -1.9% | -9.4% | 12.0% | 80.83% |
Total Return Ranking - Trailing
Period | HIAYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.2% | -39.9% | 6.2% | 22.18% |
1 Yr | -7.8% | -22.1% | 22.2% | 79.40% |
3 Yr | 5.1%* | -14.2% | 66.8% | 8.68% |
5 Yr | 0.5%* | -13.6% | 37.2% | 12.58% |
10 Yr | 2.4%* | -9.3% | 16.2% | 6.28% |
* Annualized
Total Return Ranking - Calendar
Period | HIAYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -17.6% | -44.3% | 3.7% | 83.54% |
2022 | N/A | -56.9% | 9.2% | 97.93% |
2021 | -2.6% | -53.7% | 70.9% | 97.44% |
2020 | 1.9% | -33.7% | 5.1% | 55.23% |
2019 | -1.9% | -9.4% | 12.0% | 84.67% |
NAV & Total Return History
HIAYX - Holdings
Concentration Analysis
HIAYX | Category Low | Category High | HIAYX % Rank | |
---|---|---|---|---|
Net Assets | 60.3 M | 1.47 M | 26.2 B | 84.30% |
Number of Holdings | 842 | 2 | 2736 | 11.05% |
Net Assets in Top 10 | 6.83 M | -492 M | 2.55 B | 86.45% |
Weighting of Top 10 | 11.40% | 3.0% | 100.0% | 50.20% |
Top 10 Holdings
- 5 Year Treasury Note Future Sept 21 7.22%
- 5 Year Treasury Note Future Sept 21 7.22%
- 5 Year Treasury Note Future Sept 21 7.22%
- 5 Year Treasury Note Future Sept 21 7.22%
- 5 Year Treasury Note Future Sept 21 7.22%
- 5 Year Treasury Note Future Sept 21 7.22%
- 5 Year Treasury Note Future Sept 21 7.22%
- 5 Year Treasury Note Future Sept 21 7.22%
- 5 Year Treasury Note Future Sept 21 7.22%
- 5 Year Treasury Note Future Sept 21 7.22%
Asset Allocation
Weighting | Return Low | Return High | HIAYX % Rank | |
---|---|---|---|---|
Bonds | 102.07% | 0.00% | 154.38% | 3.54% |
Stocks | 1.18% | -0.60% | 52.82% | 26.74% |
Other | 0.91% | -63.70% | 32.06% | 9.61% |
Convertible Bonds | 0.75% | 0.00% | 17.89% | 63.55% |
Preferred Stocks | 0.72% | 0.00% | 14.10% | 19.47% |
Cash | -5.62% | -52.00% | 100.00% | 96.58% |
Stock Sector Breakdown
Weighting | Return Low | Return High | HIAYX % Rank | |
---|---|---|---|---|
Energy | 60.09% | 0.00% | 100.00% | 35.89% |
Consumer Defense | 15.94% | 0.00% | 100.00% | 11.14% |
Basic Materials | 12.72% | 0.00% | 100.00% | 13.86% |
Communication Services | 3.63% | 0.00% | 99.99% | 43.32% |
Industrials | 3.33% | 0.00% | 100.00% | 20.30% |
Technology | 2.37% | 0.00% | 34.19% | 15.35% |
Consumer Cyclical | 1.91% | 0.00% | 100.00% | 31.68% |
Utilities | 0.00% | 0.00% | 100.00% | 76.49% |
Real Estate | 0.00% | 0.00% | 86.71% | 76.73% |
Healthcare | 0.00% | 0.00% | 30.07% | 74.50% |
Financial Services | 0.00% | 0.00% | 100.00% | 79.70% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | HIAYX % Rank | |
---|---|---|---|---|
US | 1.18% | -0.60% | 47.59% | 26.18% |
Non US | 0.00% | -0.01% | 5.26% | 83.03% |
Bond Sector Breakdown
Weighting | Return Low | Return High | HIAYX % Rank | |
---|---|---|---|---|
Corporate | 69.10% | 0.00% | 100.00% | 94.60% |
Government | 12.76% | 0.00% | 99.07% | 2.77% |
Cash & Equivalents | 10.49% | 0.00% | 99.98% | 4.48% |
Derivative | 7.52% | 0.00% | 45.95% | 3.95% |
Securitized | 0.12% | 0.00% | 97.24% | 34.52% |
Municipal | 0.00% | 0.00% | 1.17% | 76.81% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | HIAYX % Rank | |
---|---|---|---|---|
US | 85.64% | 0.00% | 150.64% | 19.47% |
Non US | 16.43% | 0.00% | 96.17% | 22.89% |
HIAYX - Expenses
Operational Fees
HIAYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.85% | 0.02% | 3.87% | 47.80% |
Management Fee | 0.45% | 0.00% | 1.84% | 23.51% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 48.71% |
Administrative Fee | N/A | 0.00% | 0.50% | 2.41% |
Sales Fees
HIAYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 4.44% | 0.00% | 5.75% | 29.60% |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
HIAYX 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.
HIAYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 1.00% | 327.00% | 9.65% |
HIAYX - Distributions
Dividend Yield Analysis
HIAYX | Category Low | Category High | HIAYX % Rank | |
---|---|---|---|---|
Dividend Yield | 7.09% | 0.00% | 39.36% | 8.90% |
Dividend Distribution Analysis
HIAYX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
HIAYX | Category Low | Category High | HIAYX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.43% | -2.39% | 14.30% | 86.79% |
Capital Gain Distribution Analysis
HIAYX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 06, 2022 | $0.099 | OrdinaryDividend |
Nov 30, 2022 | $0.042 | OrdinaryDividend |
Oct 31, 2022 | $0.040 | OrdinaryDividend |
Sep 30, 2022 | $0.044 | OrdinaryDividend |
Aug 31, 2022 | $0.044 | OrdinaryDividend |
Jul 29, 2022 | $0.043 | OrdinaryDividend |
Jun 30, 2022 | $0.041 | OrdinaryDividend |
May 31, 2022 | $0.037 | OrdinaryDividend |
Apr 29, 2022 | $0.037 | OrdinaryDividend |
Mar 31, 2022 | $0.039 | OrdinaryDividend |
Feb 28, 2022 | $0.033 | OrdinaryDividend |
Jan 31, 2022 | $0.037 | OrdinaryDividend |
Dec 31, 2021 | $0.037 | OrdinaryDividend |
Dec 07, 2021 | $0.047 | OrdinaryDividend |
Nov 30, 2021 | $0.036 | OrdinaryDividend |
Oct 29, 2021 | $0.036 | OrdinaryDividend |
Sep 30, 2021 | $0.034 | OrdinaryDividend |
Aug 31, 2021 | $0.037 | OrdinaryDividend |
Jul 30, 2021 | $0.040 | OrdinaryDividend |
Jun 30, 2021 | $0.039 | OrdinaryDividend |
May 28, 2021 | $0.036 | OrdinaryDividend |
Aug 23, 2018 | $0.490 | ExtraDividend |
Aug 24, 2017 | $0.514 | ExtraDividend |
Aug 25, 2016 | $0.474 | ExtraDividend |
Aug 19, 2015 | $0.497 | ExtraDividend |
Aug 27, 2014 | $0.576 | ExtraDividend |
Aug 13, 2013 | $0.568 | ExtraDividend |
Aug 17, 2012 | $0.578 | ExtraDividend |
Aug 26, 2011 | $0.544 | OrdinaryDividend |
Aug 26, 2010 | $0.037 | OrdinaryDividend |
Dec 17, 2009 | $0.428 | OrdinaryDividend |
Aug 27, 2009 | $0.008 | OrdinaryDividend |
Dec 16, 2008 | $0.525 | OrdinaryDividend |
Jun 23, 2008 | $0.019 | OrdinaryDividend |
Dec 17, 2007 | $0.469 | OrdinaryDividend |
Jun 19, 2007 | $0.008 | OrdinaryDividend |
Dec 13, 2006 | $0.450 | OrdinaryDividend |
Jun 22, 2006 | $0.497 | OrdinaryDividend |
Jun 22, 2005 | $0.427 | OrdinaryDividend |
HIAYX - Fund Manager Analysis
Managers
Gershon Distenfeld
Start Date
Tenure
Tenure Rank
Jan 01, 2014
8.42
8.4%
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
William Smith
Start Date
Tenure
Tenure Rank
Jan 31, 2018
4.33
4.3%
Will Smith is a Senior Vice President and Director of US High Yield Credit, one of the lead portfolio managers for multi-sector credit strategy. He is also a member of the High Income Portfolio Management Team. Mr. Smith joined AB in 2012 and spent 2014 in London as part of the European High Yield Portfolio Management Team. He started his career with UBS Investment Bank in 2009, working first as an analyst with the Credit Risk team and then later on the Fixed Income sales and trading desk. Mr. Smith holds a BA in economics from Boston College and is a CFA charterholder.
Robert Schwartz
Start Date
Tenure
Tenure Rank
Jan 20, 2022
0.36
0.4%
Robert Schwartz is a Senior Vice President and Corporate Credit Research Analyst, covering specialty finance, automotive, aerospace/defense and industrial companies. Prior to joining AB in 2012, he analyzed the same industries as a senior credit analyst at Citadel Investment Group and Bell Point Capital Management. Before beginning his investing career in 2005, Schwartz was a project leader with Boston Consulting Group, where he advised industrial and financial companies on corporate strategy. He started his career as an automotive engineer working in Detroit, where he was awarded two patents. Schwartz holds a BS in mechanical engineering (summa cum laude) from the University of Michigan and an MBA (with high distinction) from the University of Michigan’s Stephen M. Ross School of Business. Location: New York
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.13 | 37.79 | 7.07 | 2.92 |