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AB High Income A AGDAX

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Morningstar’s Analysis

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Comanager Change on AB High Income; Ratings Unchanged

Analyst Note

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Effective Oct. 5, 2021, Shamaila Khan, head of AB's emerging-markets debt strategies and former comanager of AB High Income AGDZX (and the FCP version of the strategy, AB Global High Yield), departed the firm. Khan joined AB in 2011 as a senior vice president and had been a comanager on the aforementioned strategy since February 2019. Christian DiClementi, an 18-year veteran of AB, has replaced Khan as the firm’s head of emerging-markets debt. DiClementi joins Gershon Distenfeld, Matthew Sheridan, and Fahd Malik on this strategy’s management roster. Distenfeld, who joined AB in 1998 and is the firm’s co-head of fixed income, has managed this offering since 2008. AB veteran Sheridan also joined AB in 1998 and became a comanager on this strategy in 2005, while Malik joined AB in 2006 and joined the management team in 2021.

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