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.
AB Total Return Bond Advisor ABQYX
NAV / 1-Day Return
11.25
/
0.01
%
Total Assets
356.8 Mil
Adj. Expense Ratio
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.
0.520%
Expense Ratio
0.520%
Fee Level
Below Average
Longest Manager Tenure
15.52
years
Category
Intermediate Core-Plus Bond
Credit Quality / Interest Rate Sensitivity
Medium / ModerateMin. Initial Investment
0
Status
Open
TTM Yield
3.07%
Effective Duration
6.51
years
Premium
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 ABQYX 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 ABQYX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the ABQYX 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 ABQYX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A core-plus offering with a tilt toward securitized fare.
