AB Total Return has a solid team and a reasonable approach, but its increasing risk appetite in securitized credit raises concerns, supporting a downgrade of its Morningstar Analyst Rating to Neutral from Bronze for its cheapest shares. Its pricier shares remain Neutral.
Will ABQIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable ABQIX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the ABQIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of ABQIX’s parent organization’s priorities and whether they’re in line with investors’ interests.