About AGDZX
AB High Income Fund Class Z is a mutual fund managed by AllianceBernstein that seeks to maximize total returns through a combination of price appreciation and high current income, with secondary emphasis on capital appreciation. It operates as a global multi-sector high-yield bond fund, investing across regions and sectors without restrictions on credit quality to capture the best income opportunities. The portfolio primarily features lower-rated corporate bonds from U.S. and non-U.S. issuers, government bonds from developed and emerging markets, and may include investment-grade securities, derivatives, and leveraged strategies. Notable features include a focus on beta management for improved up/down market capture, a portfolio turnover rate of 50%, and an expense ratio of approximately 0.59%, with a high minimum investment threshold suited for institutional or high-net-worth investors. Credit allocations heavily favor BB and B-rated bonds, alongside significant domestic and non-U.S. bond holdings. In the high-yield bond category, it plays a key role by offering diversified exposure to income-generating fixed-income securities amid varying market conditions, while navigating risks like credit default, interest rate fluctuations, and foreign investment volatility.
Fund Family AllianceBernstein
Category High Yield Bond
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol AGDZX
Share Class Class Z
Index Bloomberg Global High Yield TR USDH
AGDZX had a total return of 2.72% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.58%.
