IDPAX: AllianceBernstein Intermediate Duration Portfolio - MutualFunds.com
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AllianceBernstein Intermediate Duration Portfolio

IDPAX - Snapshot

Vitals

  • YTD Return -1.4%
  • 3 Yr Annualized Return 4.3%
  • 5 Yr Annualized Return 2.6%
  • Net Assets $3.85 B
  • Holdings in Top 10 42.2%

52 WEEK LOW AND HIGH

$13.65
$13.34
$14.14

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.91%

SALES FEES

  • Front Load 4.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 72.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Compare IDPAX to Popular U.S. Intermediate-Term Bond Duration Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$86.76

+0.15%

$312.15 B

1.97%

$1.71

-1.62%

0.04%

$11.43

+0.18%

$312.15 B

-

$0.00

-1.64%

0.15%

$11.28

+0.18%

$251.65 B

1.88%

$0.21

-1.57%

0.09%

$11.09

+0.09%

$89.74 B

1.04%

$0.11

-0.81%

0.68%

$116.46

+0.14%

$88.80 B

1.87%

$2.18

-1.46%

0.04%

IDPAX - Profile

Distributions

  • YTD Total Return -1.4%
  • 3 Yr Annualized Total Return 2.8%
  • 5 Yr Annualized Total Return 1.7%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.11%
DIVIDENDS
  • Dividend Yield 1.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    AllianceBernstein Intermediate Duration Portfolio
  • Fund Family Name
    AllianceBernstein
  • Inception Date
    Jul 22, 2019
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Shawn Keegan

Fund Description

The fund seeks to maintain an average portfolio quality minimum of A, based on ratings given to the Portfolio's securities by national rating agencies. It may also invest up to 25% of its total assets in fixed-income, non-U.S. Dollar denominated foreign securities, and may invest without limit in fixed-income, U.S. Dollar denominated foreign securities, in each case in developed or emerging-market countries.


IDPAX - Performance

Return Ranking - Trailing

Period IDPAX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.4% -83.5% 1378.2% 67.41%
1 Yr 0.1% -9.0% 21.3% 84.35%
3 Yr 4.3%* 0.2% 10.6% 90.54%
5 Yr 2.6%* 0.8% 7.7% 88.52%
10 Yr 3.1%* 1.1% 8.1% 79.13%

* Annualized

Return Ranking - Calendar

Period IDPAX Return Category Return Low Category Return High Rank in Category (%)
2020 2.7% -82.5% 1027.9% 69.57%
2019 N/A -20.8% 23.0% N/A
2018 N/A -12.9% 2.7% N/A
2017 N/A -49.5% 14.3% N/A
2016 N/A -49.3% 192.8% N/A

Total Return Ranking - Trailing

Period IDPAX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.4% -83.5% 1378.2% 67.50%
1 Yr -4.1% -11.8% 21.3% 98.50%
3 Yr 2.8%* -0.8% 10.6% 96.72%
5 Yr 1.7%* 0.6% 7.7% 96.92%
10 Yr 2.7%* 1.1% 8.1% 90.69%

* Annualized

Total Return Ranking - Calendar

Period IDPAX Return Category Return Low Category Return High Rank in Category (%)
2020 2.7% -82.5% 1027.9% 69.57%
2019 N/A -20.8% 23.0% N/A
2018 N/A -12.9% 3.9% N/A
2017 N/A -6.0% 17.4% N/A
2016 N/A -7.0% 204.3% N/A

NAV & Total Return History


IDPAX - Holdings

Concentration Analysis

IDPAX Category Low Category High IDPAX % Rank
Net Assets 3.85 B 3.2 M 312 B 30.56%
Number of Holdings 728 1 18622 47.60%
Net Assets in Top 10 1.65 B -1.14 B 45.3 B 19.37%
Weighting of Top 10 42.18% 3.5% 100.0% 25.25%

Top 10 Holdings

  1. 2 Year Treasury Note Future Dec 20 46.41%
  2. 2 Year Treasury Note Future Dec 20 46.41%
  3. 2 Year Treasury Note Future Dec 20 46.41%
  4. 2 Year Treasury Note Future Dec 20 46.41%
  5. 2 Year Treasury Note Future Dec 20 46.41%
  6. 2 Year Treasury Note Future Dec 20 46.41%
  7. 2 Year Treasury Note Future Dec 20 46.41%
  8. 2 Year Treasury Note Future Dec 20 46.41%
  9. 2 Year Treasury Note Future Dec 20 46.41%
  10. 2 Year Treasury Note Future Dec 20 46.41%

Asset Allocation

Weighting Return Low Return High IDPAX % Rank
Bonds
109.55% -51.48% 176.88% 5.25%
Convertible Bonds
2.54% 0.00% 38.29% 13.39%
Preferred Stocks
0.53% 0.00% 84.24% 16.11%
Stocks
0.00% -0.16% 30.64% 43.17%
Other
0.00% -16.32% 24.37% 29.59%
Cash
-12.61% -86.81% 162.71% 94.66%

Bond Sector Breakdown

Weighting Return Low Return High IDPAX % Rank
Government
44.98% 0.00% 80.07% 8.60%
Securitized
20.31% 0.00% 98.86% 76.83%
Corporate
17.87% 0.00% 100.00% 85.34%
Derivative
9.67% 0.00% 25.69% 5.43%
Cash & Equivalents
6.36% 0.00% 100.00% 43.62%
Municipal
0.81% 0.00% 100.00% 30.32%

Bond Geographic Breakdown

Weighting Return Low Return High IDPAX % Rank
US
96.74% -51.75% 245.19% 10.59%
Non US
12.81% -108.35% 39.51% 37.29%

IDPAX - Expenses

Operational Fees

IDPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.91% 0.01% 2.91% 23.26%
Management Fee 0.44% 0.00% 0.85% 75.54%
12b-1 Fee 0.25% 0.00% 1.00% 29.74%
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

IDPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.25% 2.00% 5.75% 21.76%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

IDPAX 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.

IDPAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 72.00% 6.00% 496.00% 28.92%

IDPAX - Distributions

Dividend Yield Analysis

IDPAX Category Low Category High IDPAX % Rank
Dividend Yield 1.28% 0.00% 3.37% 26.92%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

IDPAX Category Low Category High IDPAX % Rank
Net Income Ratio 1.11% -0.39% 11.28% 93.30%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

IDPAX - Fund Manager Analysis

Managers

Shawn Keegan


Start Date

Tenure

Tenure Rank

Oct 31, 2005

15.67

15.7%

Portfolio Manager—Credit Shawn Keegan is a Senior Vice President and a member of the Credit portfolio-management team, focusing on US and global portfolios. He specializes in Responsible Investing and leads the investment team for AB’s Sustainable Global Thematic Credit Strategy. Keegan is a member of both AB’s Environmental, Social and Governance Research and Stewardship Group and the Principles for Responsible Investment’s Advisory Committee on Environmental, Social and Governance in credit-rating committees. He is also a member of AB’s US Multi-Sector and Canada Fixed Income portfolio-management teams, where he focuses on credit security selection. Keegan first joined AB in 1997 as a portfolio assistant. He then spent a year at Aladdin Capital as a trader before rejoining the firm in 2001 as a member of the US Multi-Sector team. Keegan holds a BS in finance from Siena College and an MBA from the University of Notre Dame. Location: New York

Michael Canter


Start Date

Tenure

Tenure Rank

Jan 15, 2016

5.46

5.5%

Director—Securitized Assets and US Multi-Sector Michael Canter is a Senior Vice President and Director of Securitized Assets and US Multi-Sector Fixed Income at AB, heading the portfolio-management teams for these strategies. His focus includes his role as the Chief Investment Officer of AB’s Securitized Assets Fund. Canter’s team is responsible for AB’s investments in agency mortgage-backed securities, credit risk–transfer securities, non-agency residential mortgage-backed securities, commercial mortgage-backed securities, collateralized loan obligations and other asset-backed securities. He has particularly extensive expertise in residential mortgages. In 2009, AB was selected by the US Department of the Treasury to manage one of nine Legacy Securities Public-Private Investment Program funds; Canter was the CIO of that AB-managed fund. In addition, he was called upon to give expert testimony to the US Senate Committee on Banking, Housing, and Urban Affairs in 2013 and the US House of Representatives Subcommittee on Housing and Insurance in 2017 on how US housing policy should be structured going forward. Prior to joining AB, Canter was the president of ACE Principal Finance, a division of ACE Limited (now Chubb). There, he managed portfolios of credit default swaps, asset-backed securities, mortgage-backed securities and collateralized debt obligations. Canter holds a BA in math and economics from Northwestern University and a PhD in finance from the Columbia University Graduate School of Business. Location: New York

Janaki Rao


Start Date

Tenure

Tenure Rank

Jan 26, 2018

3.43

3.4%

Portfolio Manager and Head—Agency Mortgage-Backed Securities Research Janaki Rao is a Senior Vice President, Portfolio Manager and Head of Agency Mortgage-Backed Securities Research, where he oversees agency mortgage-backed securities (MBS) research, including fundamental and relative-value research. He brings decades of experience to AB, with a focus on MBS and US interest-rate strategies. Before joining the firm, Rao spent seven years in the US Interest Rate Strategy Group at Morgan Stanley, where he was responsible for covering the agency MBS market, including publishing for the flagship weekly publication, and generating ad hoc reports on breaking news, in-depth analysis of emerging trends and product primers. He also engaged with policymakers on various issues related to housing finance. Prior to joining Morgan Stanley, Rao ran the advance pricing, debt and derivatives trading desk at the Federal Home Loan Bank of New York. He holds a BA in economics from Delhi University and an MBA in finance from the Zicklin School of Business at Baruch College. Location: New York

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 32.51 6.76 0.25