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AB High Income Fund (AGDAX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

AB High Income Fund (AGDAX)

Mutual Fund · Currency in USD · Last updated May 19, 2025

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.

Fund Info

ISIN

US01859M1018

CUSIP

01859M101

Issuer

AllianceBernstein

Inception Date

Feb 25, 1994

Category

High Yield Bonds

Min. Investment

$2,500

Asset Class

Bond

Expense Ratio

AGDAX has an expense ratio of 0.84%, placing it in the medium range.

Share Price Chart

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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

AB High Income Fund

Popular comparisons:
AGDAX vs. FNWFX AGDAX vs. JEPQ AGDAX vs. JEPI AGDAX vs. FXAIX AGDAX vs. SCHD AGDAX vs. SPY AGDAX vs. PDI
Popular comparisons:
AGDAX vs. FNWFX AGDAX vs. JEPQ AGDAX vs. JEPI AGDAX vs. FXAIX AGDAX vs. SCHD AGDAX vs. SPY AGDAX vs. PDI

Performance

Performance Chart

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S&P 500

Returns By Period

AB High Income Fund (AGDAX) returned 1.51% year-to-date (YTD) and 7.98% over the past 12 months. Over the past 10 years, AGDAX returned 4.19% annually, underperforming the S&P 500 benchmark at 10.86%.

AGDAX

YTD

1.51%

1M

2.54%

6M

2.51%

1Y

7.98%

3Y*

7.90%

5Y*

7.16%

10Y*

4.19%

^GSPC (Benchmark)

YTD

1.39%

1M

12.89%

6M

1.19%

1Y

12.45%

3Y*

15.19%

5Y*

14.95%

10Y*

10.86%

*Annualized

Monthly Returns

The table below presents the monthly returns of AGDAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20251.33%0.67%-1.24%-0.11%0.87%1.51%
20240.17%0.31%1.19%-0.68%1.23%0.72%1.79%1.56%1.54%-0.56%1.28%-0.16%8.67%
20234.45%-1.35%-0.04%0.88%-0.61%1.73%1.98%0.39%-1.03%-1.06%4.50%3.94%14.40%
2022-2.04%-1.75%-0.66%-3.38%-0.88%-6.80%5.29%-1.59%-4.77%1.90%3.26%-0.45%-11.79%
20210.29%0.13%-0.37%1.80%0.59%1.28%0.39%0.67%-0.30%-0.06%-1.02%1.49%4.96%
20200.54%-1.71%-17.74%3.19%5.61%2.55%3.85%1.68%-0.79%0.31%5.14%2.58%2.96%
20194.28%1.24%0.33%1.39%-0.55%2.12%0.80%-0.15%0.49%0.50%0.50%2.05%13.71%
20180.97%-1.62%-0.11%-0.18%-0.89%-0.29%1.38%-0.75%0.71%-1.88%-1.28%-1.90%-5.76%
20171.62%1.54%0.39%1.26%0.67%-0.10%1.10%0.49%0.50%0.03%-0.29%0.49%7.95%
2016-1.33%-0.20%5.08%3.26%-0.02%1.48%2.40%1.30%0.66%0.29%-0.70%2.21%15.23%
20150.57%1.55%-0.52%0.93%0.34%-1.43%-0.17%-1.47%-2.28%2.20%-1.63%-2.00%-3.95%
20140.49%1.95%0.70%0.75%1.07%0.65%-0.57%1.19%-1.86%0.50%-0.30%-1.30%3.25%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 93, AGDAX is among the top 7% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of AGDAX is 9393
Overall Rank
The Sharpe Ratio Rank of AGDAX is 9393
Sharpe Ratio Rank
The Sortino Ratio Rank of AGDAX is 9393
Sortino Ratio Rank
The Omega Ratio Rank of AGDAX is 9494
Omega Ratio Rank
The Calmar Ratio Rank of AGDAX is 9292
Calmar Ratio Rank
The Martin Ratio Rank of AGDAX is 9292
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for AB High Income Fund (AGDAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

AB High Income Fund Sharpe ratios as of May 19, 2025 (values are recalculated daily):

  • 1-Year: 2.07
  • 5-Year: 1.42
  • 10-Year: 0.72
  • All Time: 0.83

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of AB High Income Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.

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Dividends

Dividend History

AB High Income Fund provided a 7.11% dividend yield over the last twelve months, with an annual payout of $0.49 per share.

6.00%6.50%7.00%7.50%8.00%$0.00$0.20$0.40$0.60$0.8020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.49$0.50$0.50$0.49$0.48$0.47$0.52$0.54$0.52$0.54$0.60$0.74

Dividend yield

7.11%7.08%7.17%7.52%5.99%5.91%6.27%6.95%5.84%6.25%7.43%8.24%

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.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.04$0.04$0.04$0.04$0.00$0.16
2024$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.05$0.04$0.04$0.04$0.04$0.50
2023$0.04$0.04$0.05$0.04$0.04$0.04$0.04$0.05$0.04$0.04$0.04$0.04$0.50
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$0.49
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$0.48
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$0.47
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$0.52
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$0.54
2017$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.06$0.52
2016$0.05$0.04$0.05$0.05$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.08$0.54
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$0.60
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$0.74

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 High 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 High Income Fund was 45.33%, occurring on Sep 11, 1998. Recovery took 395 trading sessions.

The current AB High Income Fund drawdown is 0.49%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-45.33%Oct 8, 1997243Sep 11, 1998395Mar 21, 2000638
-33.1%May 21, 2008129Nov 21, 2008173Aug 3, 2009302
-25.82%Feb 21, 202022Mar 23, 2020180Dec 7, 2020202
-16.57%Nov 10, 2021223Sep 29, 2022312Dec 27, 2023535
-15.31%Jun 13, 200120Jul 12, 2001128Jan 18, 2002148

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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