AllianceBernstein Intermediate Duration Portfolio
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
Vitals
YTD Return
-3.0%
1 yr return
-0.4%
3 Yr Avg Return
5.0%
5 Yr Avg Return
2.9%
Net Assets
$3.85 B
Holdings in Top 10
42.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.57%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 72.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Investment Style
Intermediate Core-Plus Bond
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
IDPZX - Profile
Distributions
- YTD Total Return -3.0%
- 3 Yr Annualized Total Return 5.0%
- 5 Yr Annualized Total Return 2.9%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.30%
- Dividend Yield 1.4%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameAllianceBernstein Intermediate Duration Portfolio
-
Fund Family NameAllianceBernstein
-
Inception DateJul 22, 2019
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerMichael Canter
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.
IDPZX - Performance
Return Ranking - Trailing
| Period | IDPZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -3.0% | -83.6% | 1363.3% | 66.54% |
| 1 Yr | -0.4% | -9.5% | 15.6% | 77.34% |
| 3 Yr | 5.0%* | 0.1% | 10.6% | 75.29% |
| 5 Yr | 2.9%* | 0.6% | 7.3% | 74.10% |
| 10 Yr | 3.2%* | 0.8% | 9.0% | 66.74% |
* Annualized
Return Ranking - Calendar
| Period | IDPZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 2.7% | -82.5% | 1027.9% | 71.14% |
| 2019 | N/A | -20.8% | 23.0% | N/A |
| 2018 | N/A | -11.4% | 2.7% | N/A |
| 2017 | N/A | -49.5% | 12.4% | N/A |
| 2016 | N/A | -49.3% | 192.8% | N/A |
Total Return Ranking - Trailing
| Period | IDPZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -3.0% | -83.6% | 94.1% | 65.98% |
| 1 Yr | -0.4% | -12.2% | 15.6% | 64.10% |
| 3 Yr | 5.0%* | -0.9% | 10.3% | 65.92% |
| 5 Yr | 2.9%* | 0.6% | 7.3% | 65.87% |
| 10 Yr | 3.2%* | 0.8% | 9.0% | 63.07% |
* Annualized
Total Return Ranking - Calendar
| Period | IDPZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 2.7% | -82.5% | 1027.9% | 71.14% |
| 2019 | N/A | -20.8% | 23.0% | N/A |
| 2018 | N/A | -11.4% | 3.9% | N/A |
| 2017 | N/A | -6.0% | 12.4% | N/A |
| 2016 | N/A | -7.0% | 204.3% | N/A |
NAV & Total Return History
IDPZX - Holdings
Concentration Analysis
| IDPZX | Category Low | Category High | IDPZX % Rank | |
|---|---|---|---|---|
| Net Assets | 3.85 B | 3.2 M | 316 B | 29.05% |
| Number of Holdings | 713 | 1 | 18663 | 47.50% |
| Net Assets in Top 10 | 1.41 B | -1.01 B | 45.4 B | 22.11% |
| Weighting of Top 10 | 42.57% | 3.8% | 100.0% | 25.95% |
Top 10 Holdings
- 2 Year Treasury Note Future Dec 20 46.41%
- 2 Year Treasury Note Future Dec 20 46.41%
- 2 Year Treasury Note Future Dec 20 46.41%
- 2 Year Treasury Note Future Dec 20 46.41%
- 2 Year Treasury Note Future Dec 20 46.41%
- 2 Year Treasury Note Future Dec 20 46.41%
- 2 Year Treasury Note Future Dec 20 46.41%
- 2 Year Treasury Note Future Dec 20 46.41%
- 2 Year Treasury Note Future Dec 20 46.41%
- 2 Year Treasury Note Future Dec 20 46.41%
Asset Allocation
| Weighting | Return Low | Return High | IDPZX % Rank | |
|---|---|---|---|---|
| Bonds | 105.76% | -37.84% | 176.88% | 9.10% |
| Convertible Bonds | 2.31% | 0.00% | 20.85% | 21.30% |
| Preferred Stocks | 0.54% | 0.00% | 79.44% | 16.27% |
| Stocks | 0.00% | -1.05% | 24.74% | 43.04% |
| Other | 0.00% | -16.29% | 16.29% | 27.51% |
| Cash | -8.60% | -86.81% | 152.67% | 92.96% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | IDPZX % Rank | |
|---|---|---|---|---|
| Government | 44.76% | 0.00% | 79.70% | 8.50% |
| Securitized | 23.49% | 0.00% | 99.35% | 66.73% |
| Corporate | 19.14% | 0.00% | 100.00% | 84.28% |
| Derivative | 6.02% | 0.00% | 19.95% | 7.68% |
| Cash & Equivalents | 5.81% | 0.00% | 100.00% | 46.62% |
| Municipal | 0.79% | 0.00% | 100.00% | 30.99% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | IDPZX % Rank | |
|---|---|---|---|---|
| US | 89.69% | -38.26% | 245.19% | 28.24% |
| Non US | 16.07% | -108.35% | 38.91% | 25.50% |
IDPZX - Expenses
Operational Fees
| IDPZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.57% | 0.01% | 2.91% | 50.64% |
| Management Fee | 0.44% | 0.00% | 0.95% | 74.56% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.50% | N/A |
Sales Fees
| IDPZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
| IDPZX 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.
| IDPZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 72.00% | 6.00% | 496.00% | 30.06% |
IDPZX - Distributions
Dividend Yield Analysis
| IDPZX | Category Low | Category High | IDPZX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.36% | 0.00% | 3.29% | 23.70% |
Dividend Distribution Analysis
| IDPZX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Semi-Annually | Monthly | Monthly |
Net Income Ratio Analysis
| IDPZX | Category Low | Category High | IDPZX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.30% | -0.80% | 8.97% | 30.18% |
Capital Gain Distribution Analysis
| IDPZX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Monthly | Monthly |
IDPZX - Fund Manager Analysis
Managers
Michael Canter
Start Date
Tenure
Tenure Rank
Jan 15, 2016
5.71
5.7%
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
3.68
3.7%
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 |
|---|---|---|---|
| 0.01 | 32.76 | 6.59 | 0.5 |