Morningstar

AB High Income Fund Class C AGDCX

Morningstar Medalist Rating
Medalist Rating as of | See AllianceBernstein Investment Hub
  • NAV / 1-Day Return 7.04  /  −0.14 %
  • Total Assets 3.0B
  • Adj. Expense Ratio
    1.580%
  • Expense Ratio 1.610%
  • Distribution Fee Level Below Average
  • Share Class Type Level Load
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 5.87%
  • Effective Duration 3.01 years

USD | NAV as of Jul 22, 2026 | 1-Day Return as of Jul 22, 2026, 12:11 AM GMT+0

Morningstar’s Analysis AGDCX

Will AGDCX 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 AGDCX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the AGDCX 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 AGDCX’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

Unlock our full analysis with Morningstar Investor

Portfolio Holdings AGDCX

More AGDCX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 4.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

EUR FWD VS USD 0% 18/06/2026 Purchased

5.18 159M
Derivative

5 Year Treasury Note Future Sept 26

4.74 146M
Government

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

2.45 76M
Government

U.S. $ CASH BALANCE 0%

2.15 66M
Cash and Equivalents

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

1.57 48M
Derivative

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

1.18 36M
Derivative

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

0.97 30M
Government

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

0.80 25M
Government

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

0.78 24M
Government

Davita Inc 4.625%

0.60 19M
Corporate

Sponsor Center