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AB High Income A AGDAX

Medalist Rating as of | See AllianceBernstein Investment Hub
  • NAV / 1-Day Return 6.88  /  +0.20 %
  • Total Assets 3.2 Bil
  • Adj. Expense Ratio
    0.850%
  • Expense Ratio 0.900%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 7.22%
  • Effective Duration 3.68 years

USD | NAV as of Feb 23, 2024 | 1-Day Return as of Feb 23, 2024, 11:10 PM GMT+0

Morningstar’s Analysis AGDAX

Will AGDAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Team churn damps confidence in this full-throttle high-yield offering.

Senior Analyst Sam Kulahan

Sam Kulahan

Senior Analyst

Summary

This strategy, which includes the U.S. open-end fund AB High Income and its UCITS sibling AB Global High Yield, adopts a multisector approach that routinely ventures into risky corners of the market. Meanwhile, persistent churn across the firm's fixed-income group provides further pause and results in a downgrade of its People Pillar to Average from Above Average. The strategy's cheapest share classes receive a Morningstar Analyst Rating of Neutral, while its priciest shares are rated Negative.

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Portfolio Holdings AGDAX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 13.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

US 5 Year Note (CBT) Mar14

7.99 252.1 Mil
Government

EUR FWD VS USD 0% 10/01/2024 Purchased

3.37 106.4 Mil
Derivative

CDX-NAHYS41V1-5Y-708339 5% 20/12/2028

2.88 90.8 Mil
Derivative

U.S. $ CASH BALANCE 0%

1.48 46.6 Mil
Cash and Equivalents

IBXXC2D1-TRS-703474 0% 20/03/2024

1.00 31.7 Mil

Sirius Xm Radio Inc 4%

0.79 24.9 Mil
Corporate

CCO Holdings, LLC/ CCO Holdings Capital Corp. 4.75%

0.74 23.2 Mil
Corporate

CCO Holdings, LLC/ CCO Holdings Capital Corp. 4.5%

0.67 21.2 Mil
Corporate

Ultra US Treasury Bond Future Mar 24

0.66 20.7 Mil
Government

Royal Caribbean Group 5.5%

0.64 20.2 Mil
Corporate