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AB High Income Fund (AGDAX)

Mutual Fund · Currency in USD · Last updated Apr 1, 2023

The investment seeks to maximize total returns from price appreciation and income. The fund pursues income opportunities from government, corporate, emerging market and high-yield sources. It has the flexibility to invest in a broad range of fixed-income securities in both developed and emerging market countries. The fund's investments may include U.S. and non-U.S. corporate debt securities and sovereign debt securities. It may invest, without limitation, in either U.S. Dollar-denominated or non-U.S. Dollar-denominated fixed-income securities.

Share Price Chart


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Performance

The chart shows the growth of $10,000 invested in AB High Income Fund in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $61,884 for a total return of roughly 518.84%. All prices are adjusted for splits and dividends.


400.00%450.00%500.00%550.00%NovemberDecember2023FebruaryMarch
518.84%
464.42%
AGDAX (AB High Income Fund)
Benchmark (^GSPC)

S&P 500

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AB High Income Fund

Return

AB High Income Fund had a return of 2.27% year-to-date (YTD) and -5.01% in the last 12 months. Over the past 10 years, AB High Income Fund had an annualized return of 2.78%, while the S&P 500 had an annualized return of 10.16%, indicating that AB High Income Fund did not perform as well as the benchmark.


PeriodReturnBenchmark
1 month-0.75%3.51%
Year-To-Date2.27%7.03%
6 months7.94%12.88%
1 year-5.01%-10.71%
5 years (annualized)1.04%9.25%
10 years (annualized)2.78%10.16%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20234.45%-1.34%
2022-4.76%1.90%3.26%-0.45%

Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current AB High Income Fund Sharpe ratio is -0.66. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


-2.00-1.50-1.00-0.50NovemberDecember2023FebruaryMarch
-0.66
-0.46
AGDAX (AB High Income Fund)
Benchmark (^GSPC)

Dividend History

AB High Income Fund granted a 9.18% dividend yield in the last twelve months. The annual payout for that period amounted to $0.61 per share.


PeriodTTM20222021202020192018201720162015201420132012
Dividend$0.61$0.49$0.48$0.47$0.52$0.54$0.52$0.50$0.60$0.73$0.67$0.65

Dividend yield

9.18%7.60%6.51%6.81%7.71%9.10%8.18%8.59%11.69%13.85%12.96%13.35%

Monthly Dividends

The table displays the monthly dividend distributions for AB High Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDec
2023$0.04$0.04
2022$0.04$0.03$0.04$0.04$0.04$0.04$0.04$0.03$0.05$0.05$0.04$0.06
2021$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.03$0.04$0.04
2020$0.04$0.04$0.05$0.04$0.03$0.03$0.04$0.04$0.04$0.04$0.04$0.04
2019$0.04$0.04$0.05$0.04$0.05$0.04$0.05$0.05$0.04$0.04$0.04$0.05
2018$0.05$0.05$0.05$0.04$0.04$0.05$0.05$0.05$0.04$0.04$0.05$0.05
2017$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.05$0.04$0.04$0.06
2016$0.05$0.04$0.05$0.05$0.04$0.04$0.04$0.04$0.04$0.04$0.00$0.08
2015$0.04$0.04$0.04$0.04$0.04$0.04$0.05$0.04$0.04$0.04$0.04$0.13
2014$0.05$0.04$0.05$0.04$0.04$0.04$0.05$0.04$0.04$0.05$0.04$0.26
2013$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.10
2012$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.06$0.05$0.05$0.05$0.09

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-25.00%-20.00%-15.00%-10.00%NovemberDecember2023FebruaryMarch
-9.95%
-14.33%
AGDAX (AB High Income Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below shows the maximum drawdowns of the AB High Income Fund. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the AB High Income Fund is 52.86%, recorded on Sep 11, 1998. It took 872 trading sessions for the portfolio to recover.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-52.86%Oct 8, 1997243Sep 11, 1998872Feb 20, 20021115
-33.1%May 21, 2008129Nov 21, 2008173Aug 3, 2009302
-25.82%Feb 21, 202022Mar 23, 2020180Dec 7, 2020202
-16.57%Nov 10, 2021223Sep 29, 2022
-15.05%Apr 22, 200269Jul 30, 200280Nov 20, 2002149
-13.12%Dec 4, 19967Dec 12, 1996137Jun 23, 1997144
-12.65%Mar 22, 200435May 10, 200477Aug 30, 2004112
-11.43%Sep 2, 2014365Feb 11, 201679Jun 6, 2016444
-10.21%Aug 2, 201145Oct 4, 201181Jan 31, 2012126
-8.89%Jun 17, 200335Aug 6, 200331Sep 19, 200366

Volatility Chart

Current AB High Income Fund volatility is 6.34%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.


0.00%10.00%20.00%30.00%40.00%NovemberDecember2023FebruaryMarch
6.34%
15.42%
AGDAX (AB High Income Fund)
Benchmark (^GSPC)