Skip to Content
Morningstar

AB High Income K AGDKX

Morningstar Medalist Rating
Medalist Rating as of | See AllianceBernstein Investment Hub
  • NAV / 1-Day Return 6.72  /  0.02 %
  • Total Assets 3.0 Bil
  • Adj. Expense Ratio
    0.970%
  • Expense Ratio 1.000%
  • Distribution Fee Level Below Average
  • Share Class Type Retirement, Medium
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low / Limited
  • Min. Initial Investment —
  • Status Limited
  • TTM Yield 7.53%
  • Effective Duration 3.80 years

USD | NAV as of Dec 04, 2023 | 1-Day Return as of Dec 04, 2023, 11:11 PM GMT+0

Morningstar’s Analysis AGDKX

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

People Pillar

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

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.

by Sam Kulahan
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings AGDKX

More AGDKX Holdings
  • Current Portfolio Date
  • Equity Holdings 19
  • Bond Holdings 912
  • Other Holdings 95
  • % Assets in Top 10 Holdings 14.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

US 5 Year Note (CBT) Dec13

8.53
245,601,041
Government

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

4.19
120,736,310
Derivative

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

3.70
106,439,848
Derivative

U.S. $ CASH BALANCE 0%

2.60
74,776,332
Cash and Equivalents

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

0.96
27,521,725
—

Sirius Xm Radio Inc 4%

0.79
22,731,485
Corporate

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

0.70
20,147,740
Corporate

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

0.65
18,754,424
Corporate

Royal Caribbean Group 5.5%

0.64
18,483,987
Corporate

CMBX.NA.BBB-.6 CDSS 464174 3% 11/05/2063

0.57
16,407,781
Derivative