- ISIN
- US01881M4428
- Issuer
- AllianceBernstein
- Inception Date
- Aug 28, 1987
- Category
- Intermediate Core-Plus Bond
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
ACGYX Performance Chart
AB Income Fund (ACGYX) is up 0.2% since the beginning of the year. ACGYX is currently trading at $6 per share. Investors who bought $1,000 worth of ACGYX shares 5 years ago would now be looking at an investment worth $984.
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Returns By Period
AB Income Fund (ACGYX) has returned 0.24% so far this year and 3.85% over the past 12 months. Over the last ten years, ACGYX has returned 1.97% per year, falling short of the S&P 500 Index benchmark, which averaged 13.41% annually.
AB Income Fund
- 1D
- 0.16%
- 1M
- 0.24%
- 6M
- 0.24%
- YTD
- 0.24%
- 1Y
- 3.85%
- 3Y*
- 5.12%
- 5Y*
- -0.33%
- 10Y*
- 1.97%
Benchmark (S&P 500 Index)
- 1D
- 0.42%
- 1M
- 4.24%
- 6M
- 8.74%
- YTD
- 10.66%
- 1Y
- 20.62%
- 3Y*
- 19.50%
- 5Y*
- 11.63%
- 10Y*
- 13.41%
ACGYX Monthly Returns History
Based on dividend-adjusted daily data since Apr 21, 2016, ACGYX's average daily return is +0.01%, while the average monthly return is +0.20%. At this rate, an investment would double in approximately 28.9 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2023 with a return of +5.0%, while the worst month was Mar 2020 at -8.5%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, ACGYX closed higher 42% of trading days. The best single day was Nov 10, 2022 with a return of +2.4%, while the worst single day was Mar 18, 2020 at -3.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.42% | 1.46% | -2.19% | 0.73% | 0.41% | 0.09% | -0.63% | 0.24% | |||||
| 2025 | 0.80% | 2.30% | -0.05% | 0.29% | -0.63% | 1.84% | -0.19% | 1.38% | 0.86% | 0.60% | 0.52% | -0.07% | 7.86% |
| 2024 | -0.16% | -1.43% | 1.07% | -2.84% | 1.79% | 1.40% | 2.34% | 1.84% | 1.17% | -2.59% | 1.24% | -1.59% | 2.07% |
| 2023 | 3.94% | -2.94% | 1.77% | 0.46% | -1.10% | -0.03% | 0.47% | -0.62% | -2.67% | -2.28% | 4.96% | 4.44% | 6.16% |
| 2022 | -1.77% | -1.66% | -2.65% | -3.91% | -0.44% | -3.07% | 3.23% | -2.75% | -6.10% | -1.43% | 4.54% | -0.17% | -15.45% |
| 2021 | -0.49% | -1.71% | -1.16% | 1.20% | 0.54% | 0.68% | 1.06% | 0.04% | -1.22% | -0.37% | 0.01% | 0.15% | -1.30% |
Benchmark Metrics
AB Income Fund has an annualized alpha of 1.59%, beta of 0.05, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since April 21, 2016.
- This fund participated in 29.32% of S&P 500 Index downside but only 18.28% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.05 may look defensive, but with R2 of 0.03 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.03 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.59%
- Beta
- 0.05
- R²
- 0.03
- Upside Capture
- 18.28%
- Downside Capture
- 29.32%
Expense Ratio
ACGYX has an expense ratio of 0.54%, placing it in the medium range.
Return for Risk
Risk / Return Rank
ACGYX ranks 18 for risk / return — in the bottom 18% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for AB Income Fund (ACGYX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ACGYX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.30 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 2.28 | -1.13 |
| Martin ratioReturn relative to average drawdown | 3.47 | 9.88 | -6.42 |
Dividends
Dividend History
AB Income Fund provided a 4.95% dividend yield over the last twelve months, with an annual payout of $0.31 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.31 | $0.33 | $0.34 | $0.26 | $0.26 | $0.23 | $0.31 | $0.36 | $0.34 | $0.46 | $0.26 |
Dividend yield | 4.95% | 5.02% | 5.38% | 4.04% | 3.99% | 2.95% | 3.80% | 4.50% | 4.54% | 5.84% | 3.23% |
Monthly Dividends
The table displays the monthly dividend distributions for AB Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.16 | |||||
| 2025 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.33 |
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.00 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.00 | $0.03 | $0.03 | $0.26 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.00 | $0.02 | $0.03 | $0.03 | $0.26 |
| 2021 | $0.00 | $0.00 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the AB Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the AB Income Fund was 21.58%, occurring on Oct 20, 2022. The portfolio has not yet recovered.
The current AB Income Fund drawdown is 2.56%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -21.58%Oct 2022 | 1y 2mo | — | 4y 11moAug 2021 - now |
COVID crash2020 | -13.71%Mar 2020 | 15d | 5mo 12d | 5mo 27dMar 2020 - Sep 2020 |
Rate-hike selloffLate 2018 | -3.98%Nov 2018 | 1y 1mo | 3mo 22d | 1y 5moSep 2017 - Feb 2019 |
2021 pullback2021 | -3.77%Mar 2021 | 2mo 24d | 4mo 5d | 6mo 29dJan 2021 - Aug 2021 |
2016 pullback2016 | -2.86%Nov 2016 | 28d | 2mo 11d | 3mo 9dOct 2016 - Feb 2017 |
Drawdown Indicators
| ACGYX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.58% | -56.78% | +35.20% |
Max Drawdown (1Y)Largest decline over 1 year | -3.36% | -9.10% | +5.74% |
Max Drawdown (3Y)Largest decline over 3 years | -6.70% | -18.90% | +12.20% |
Max Drawdown (5Y)Largest decline over 5 years | -21.58% | -25.43% | +3.85% |
Max Drawdown (10Y)Largest decline over 10 years | -21.58% | -33.92% | +12.34% |
Current DrawdownCurrent decline from peak | -2.56% | -0.45% | -2.11% |
Average DrawdownAverage peak-to-trough decline | -5.37% | -10.71% | +5.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 2.09% | -0.98% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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