AGDAX - AB High Income A

Nasdaq - Nasdaq Delayed price. Currency in USD

AB High Income A

Alliancebernstein High Income Fund Inc1345 Avenue Of The AmericasNew York, NY 10105
800-227-4618
Management information
Gershon M. Distenfeld,Lead manager since 31 January 2008
Gershon M. Distenfeld is a Senior Vice President and Director of Credit at AB, responsible for overseeing the investment strategy and management of all investment-grade and high-yield corporate bond portfolios and associated portfolio-management teams. Strategies under his purview span the credit and risk spectrum, from short-duration investment-grade corporate bond portfolios to regional and global high-yield portfolios, encompassing a range of investment approaches, objectives and alpha targets, from income-oriented buy-and-hold strategies to active multi-sector total return strategies, and including both publicly traded securities and private placements in developed and emerging markets. Distenfeld is also a Partner of the firm. He co-manages AB’s multiple-award-winning High Income Fund, named “Best Fund over 10 Years” by Lipper from 2012 to 2015, and the multiple-award-winning Global High Yield and American Income portfolios, flagship fixed-income funds on the firm’s Luxembourg-domiciled fund platform for non-US investors. Distenfeld also designed and is one of the lead portfolio managers for AB’s Multi-Sector Credit Strategy, which invests across investment-grade and high-yield credit sectors globally. He is the author of a number of published papers, including one on high-yield bonds being attractive substitutes for equities and another on the often-misunderstood differences between high-yield bonds and loans. His blog “High Yield Won’t Bubble Over” (January 2013) is one of AB’s all-time most-read blogs. Distenfeld joined AB in 1998 as a fixed-income business analyst, and served as a high-yield trader (1999–2002) and high-yield portfolio manager (2002–2006) before being named director of High Yield in 2006. He began his career as an operations analyst supporting Emerging Markets Debt at Lehman Brothers. Distenfeld holds a BS in finance from the Sy Syms School of Business at Yeshiva University, and is a CFA charterholder. Location: New York
Morningstar style box
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Morningstar category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. Where necessary, we may change a category assignment based on recent changes to the portfolio.

Fund overview

CategoryHigh Yield Bond
Fund familyAllianceBernstein
Net assets7B
YTD return-1.85%
Yield6.48%
Morningstar rating★★★★
Inception date24 Feb 1994

Fund operations

Last dividend0.05
Last cap gain0.00
Holdings turnover51.00%
Average for categoryN/A

Fees and expenses

ExpenseAGDAXCategory average
Annual report expense ratio (net)0.81%1.03%
Prospectus net expense ratio0.82%N/A
Prospectus gross expense ratio0.83%N/A
Max 12b1 fee0.25%N/A
Max front end sales load4.25%3.88%
Max deferred sales loadN/A1.50%
3-yr expense projection678N/A
5-yr expense projection865N/A
10-yr expense projection1,406N/A
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