Morningstar

AB High Income Fund Class A AGDAX

Morningstar Medalist Rating
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Medalist Rating as of See AllianceBernstein Investment Hub
  • NAV / 1-Day Return $6.71  /  −0.15 %
  • Fund Size $2.9B
  • Adjusted Expense Ratio 0.840%
  • Net Expense Ratio 0.860%
  • Fee Level: Distribution Low
  • Share Class Type Front Load
  • Morningstar Category High Yield Bond
  • Fixed-Income Style Box (Funds) Low/Limited
  • Minimum Initial Investment $2,500
  • Investment Status Open
  • TTM Yield 6.83%
  • Average Effective Duration 3.07 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis AGDAX

Will AGDAX outperform in the 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 AGDAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the AGDAX 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 AGDAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

This high-octane approach is refocusing on the US market.

Analyst Jeana Doubell

Jeana Doubell

Analyst

Summary

This strategy adopts a multisector approach that routinely ventures into risky corners of the market. That, together with high turnover throughout the fixed-income platform in recent years, results in Average People and Process Pillar ratings.

by Jeana Doubell
Rated on Published on

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Portfolio Holdings AGDAX

More AGDAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 4.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

EUR FWD VS USD 0% 11/09/2026 Purchased

5.27 160M
Derivative

5 Year Treasury Note Future Dec 26

4.47 136M
Government

IRS #524285 REC FIXED 12.716 12.716% 02/01/2029 Pay

2.43 74M
Government

ITRAXX-XOVERS45V1-5Y-908029 5% 20/06/2031

1.59 48M
Derivative

U.S. $ CASH BALANCE 0%

1.23 37M
Cash and Equivalents

CDX-NAHYS46V1-5Y-910492 5% 20/06/2031

1.18 36M
Derivative

IRS #524923 REC FIXED 13.650 13.651% 02/01/2029 Pay

0.96 29M
Government

IRS #524723 REC FIXED 13.993 13.993% 02/01/2029 Pay

0.79 24M
Government

IRS #524288 REC FIXED 12.618 12.618% 02/01/2029 Pay

0.77 23M
Government

Fideicomiso Patrimonio Autonomo Panamericana 7%

0.63 19M
Corporate

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