About AGDIX
AB High Income Fund Class I is a mutual fund designed to deliver a high level of current income, with secondary capital appreciation, through a global multi-sector high-yield bond strategy. Managed by AllianceBernstein, it invests primarily in lower-rated fixed-income securities, including US and non-US corporate bonds, sovereign debt from developed and emerging markets, and derivatives for enhanced opportunities. The portfolio spans regions and sectors without credit quality restrictions, featuring holdings like Treasury note futures, currency forwards, and credit default indices, alongside corporate bonds from issuers such as CCO Holdings and Royal Caribbean Group. With assets under management around 6.43 billion, an expense ratio of approximately 0.65%, and monthly dividend distributions yielding about 7.28%, it emphasizes beta management to balance returns and volatility. Classified in the high yield bond category, the fund carries high risk due to credit, interest rate, and foreign investment exposures, positioning it as a vehicle for income-focused investors seeking global fixed-income diversification.
Fund Family AllianceBernstein
Category High Yield Bond
Stock Exchange NASDAQ
Ticker Symbol AGDIX
Share Class Class I
Index Bloomberg Global High Yield TR USDH
AGDIX had a total return of 7.56% in the past year, including dividends. Since the fund's
inception, the average annual return has been 14.90%.
