On Jan. 20, 2022, AB named director of U.S. high yield William Smith as a comanager on AB High Income AGDZX (and the FCP version of the strategy, AB Global High Yield). Smith joined AB in 2012 and has headed up AB's U.S. high-yield business for the past five years. Smith joins Gershon Distenfeld, Matthew Sheridan, Christian DiClementi, 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. DiClementi and Malik both became comanagers here in 2021, having joined AB in 2003 and 2006, respectively.
AB High Income I AGDIX
NAV / 1-Day Return
7.75
/
0.21
%
Total Assets
4.2 Bil
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.
0.580%
Expense Ratio
0.580%
Fee Level
Low
Longest Manager Tenure
16.25
years
Category
High Yield Bond
Credit Quality / Interest Rate Sensitivity
Low / LimitedMin. Initial Investment
2,000,000
Status
Open
TTM Yield
6.23%
Effective Duration
3.92
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 AGDIX 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 AGDIX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the AGDIX 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 AGDIX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Comanager Addition on AB High Income; Ratings Unchanged
