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.
AB High Income I AGDIX
- NAV / 1-Day Return 6.91 / +0.02 %
- Total Assets 3.2 Bil
-
Adj. Expense Ratio
- Expense Ratio 0.690%
- Distribution Fee Level Below Average
- Share Class Type Institutional
- Category High Yield Bond
- Credit Quality / Interest Rate Sensitivity Low/Limited
- Min. Initial Investment 2.0 Mil
- Status Open
- TTM Yield 7.47%
- Effective Duration 3.68 years
USD | NAV as of Mar 19, 2024 | 1-Day Return as of Mar 19, 2024, 12:10 AM GMT+0
Morningstar’s Analysis AGDIX
Will AGDIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 13.6
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
US 5 Year Note (CBT) Mar14 | 7.85 | 250.4 Mil | Government |
EUR FWD VS USD 0% 14/03/2024 Purchased | 3.77 | 120.4 Mil | Derivative |
CDX-NAHYS41V1-5Y-708339 5% 20/12/2028 | 2.85 | 90.9 Mil | Derivative |
IBXXC2D1-TRS-703474 0% 20/03/2024 | 0.99 | 31.5 Mil | — |
CCO Holdings, LLC/ CCO Holdings Capital Corp. 4.75% | 0.71 | 22.7 Mil | Corporate |
Sirius Xm Radio Inc 4% | 0.70 | 22.4 Mil | Corporate |
CCO Holdings, LLC/ CCO Holdings Capital Corp. 4.5% | 0.64 | 20.5 Mil | Corporate |
Royal Caribbean Group 5.5% | 0.63 | 20.2 Mil | Corporate |
Ultra US Treasury Bond Future Mar 24 | 0.61 | 19.5 Mil | Government |
ITRAXX-XOVERS40V1-5Y-706992 5% 20/12/2028 | 0.55 | 17.4 Mil | Derivative |