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AB Global Bond R ANARX

Medalist Rating as of | See AllianceBernstein Investment Hub
  • NAV / 1-Day Return 6.75  /  0.01 %
  • Total Assets 5.5 Bil
  • Adj. Expense Ratio
    1.250%
  • Expense Ratio 1.250%
  • Distribution Fee Level Above Average
  • Share Class Type Retirement, Medium
  • Category Global Bond-USD Hedged
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment
  • Status Limited
  • TTM Yield 8.86%
  • Effective Duration 6.72 years

Morningstar’s Analysis ANARX

Will ANARX outperform in future?

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

Staff churn warrants caution.

Senior Analyst Sam Kulahan

Sam Kulahan

Senior Analyst

Summary

AB Global Bond is guided by a multisector approach that’s backed by deep quantitative and fundamental analysis, but persistent churn across the firm’s fixed-income group dampens our confidence in this offering, resulting in a Morningstar Analyst Rating downgrade to Neutral from Bronze on its cheapest share classes. Its priciest share class receives a Negative rating.

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Portfolio Holdings ANARX

  • Current Portfolio Date
  • Equity Holdings 5
  • Bond Holdings 1648
  • Other Holdings 130
  • % Assets in Top 10 Holdings 27.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

EUR FWD VS USD 0% 05/10/2023 Purchased

24.49
1,331,386,299
Derivative

US 5 Year Note (CBT) Dec13

9.24
502,178,398
Government

CAD FWD VS USD 0% 05/10/2023 Purchased

7.53
409,588,260
Derivative

KRW FWD VS USD 0% 26/10/2023 Purchased

7.38
401,243,415
Derivative

Canada (Government of) 3.5%

5.33
289,779,458
Government

GBP FWD VS USD 0% 05/10/2023 Purchased

4.74
257,608,236
Derivative

The Republic of Korea 3.125%

3.81
207,327,345
Government

IRS #519827 REC FIXED 2.4197 2.42% 28/09/2028 Receive

3.65
198,713,139
Government

IRS #519827 REC FIXED 2.4175 2.418% 28/09/2028 Receive

3.65
198,692,521
Government

Government National Mortgage Association 5.5%

3.48
189,134,621
Securitized