Effective Oct. 5, 2021, Shawn Keegan, a credit portfolio manager and former comanager on AB Total Return ABQZX, has departed the firm. Keegan’s career at AB spanned two stints at the firm, his first in 1997, his second in 2001. Keegan had been a comanager on AB Total Return since 2005 and provided input on corporate credit. Multisector portfolio managers Michael Canter and Janaki Rao, who have both spent more than two decades specializing in securitized fare, will continue to guide this strategy. Canter, AB’s director of securitized assets and U.S. multisector fixed income, has been at AB for more than a decade and became a comanager on this strategy in 2016. Rao joined AB in 2013 from Morgan Stanley and became a comanager here in 2018. While the firm will not name a replacement credit manager on this roster, Canter and Rao will tap AB’s investment-grade credit team, including lead credit portfolio manager Tiffanie Wong, for input on this strategy’s corporate credit allocation.
AB Total Return Bond R ABQRX
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will ABQRX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable ABQRX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the ABQRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of ABQRX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Manager Departure on AB Total Return; Ratings Unchanged
