AB High Income Fund (AGDAX)
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
US01859M1018
01859M101
Feb 25, 1994
$2,500
Expense Ratio
AGDAX features an expense ratio of 0.84%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in AB High Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
AB High Income Fund had a return of 8.07% year-to-date (YTD) and 9.06% in the last 12 months. Over the past 10 years, AB High Income Fund had an annualized return of 4.27%, while the S&P 500 had an annualized return of 11.06%, indicating that AB High Income Fund did not perform as well as the benchmark.
AGDAX
8.07%
0.28%
5.41%
9.06%
3.49%
4.27%
^GSPC (Benchmark)
24.34%
0.23%
8.53%
24.95%
13.01%
11.06%
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.17% | 0.31% | 1.19% | -0.68% | 1.23% | 0.72% | 1.79% | 1.56% | 1.54% | -0.56% | 1.28% | 8.07% | |
| 2023 | 4.45% | -1.34% | -0.04% | 0.88% | -0.61% | 1.74% | 1.98% | 0.39% | -1.03% | -1.06% | 4.50% | 3.93% | 14.40% |
| 2022 | -2.04% | -1.75% | -0.66% | -3.38% | -0.88% | -6.80% | 5.29% | -1.60% | -4.76% | 1.90% | 3.26% | -0.46% | -11.79% |
| 2021 | 0.29% | 0.13% | -0.37% | 1.80% | 0.59% | 1.28% | 0.39% | 0.67% | -0.30% | -0.06% | -1.02% | 1.49% | 4.96% |
| 2020 | 0.54% | -1.71% | -17.74% | 3.19% | 5.61% | 2.55% | 3.85% | 1.68% | -0.79% | 0.31% | 5.14% | 2.58% | 2.96% |
| 2019 | 4.28% | 1.24% | 0.33% | 1.39% | -0.55% | 2.12% | 0.80% | -0.15% | 0.49% | 0.50% | 0.50% | 2.05% | 13.71% |
| 2018 | 0.97% | -1.62% | -0.11% | -0.18% | -0.89% | -0.29% | 1.38% | -0.75% | 0.71% | -1.88% | -1.29% | -1.90% | -5.76% |
| 2017 | 1.62% | 1.54% | 0.39% | 1.26% | 0.66% | -0.10% | 1.10% | 0.48% | 0.51% | 0.04% | -0.29% | 0.49% | 7.95% |
| 2016 | -1.33% | -0.20% | 5.08% | 3.25% | -0.02% | 1.48% | 2.40% | 1.30% | 0.66% | 0.29% | -0.70% | 2.21% | 15.22% |
| 2015 | 0.57% | 1.55% | -0.52% | 0.93% | 0.33% | -1.43% | -0.17% | -1.47% | -2.28% | 2.20% | -1.63% | -2.00% | -3.94% |
| 2014 | 0.49% | 1.95% | 0.70% | 0.75% | 1.07% | 0.65% | -0.57% | 1.19% | -1.86% | 0.50% | -0.30% | -2.14% | 2.37% |
| 2013 | 1.51% | 0.51% | 1.18% | 2.09% | -0.18% | -3.26% | 1.63% | -0.91% | 1.07% | 2.27% | 0.30% | -0.13% | 6.09% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 96, AGDAX is among the top 4% 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.
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.
Dividends
Dividend History
AB High Income Fund provided a 7.13% dividend yield over the last twelve months, with an annual payout of $0.50 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.50 | $0.50 | $0.49 | $0.48 | $0.48 | $0.52 | $0.54 | $0.52 | $0.54 | $0.60 | $0.66 | $0.68 |
Dividend yield | 7.13% | 7.15% | 7.52% | 6.01% | 5.92% | 6.27% | 6.94% | 5.85% | 6.25% | 7.43% | 7.37% | 7.27% |
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.00 | $0.46 |
| 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 | $0.04 | $0.04 | $0.04 | $0.48 |
| 2020 | $0.05 | $0.04 | $0.05 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.48 |
| 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 | $0.05 | $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 | $0.18 | $0.66 |
| 2013 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.12 | $0.68 |
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.
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 52.86%, occurring on Sep 11, 1998. Recovery took 872 trading sessions.
The current AB High Income Fund drawdown is 1.13%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -52.86% | Oct 8, 1997 | 243 | Sep 11, 1998 | 872 | Feb 20, 2002 | 1115 |
| -34.19% | Nov 1, 2007 | 267 | Nov 21, 2008 | 178 | Aug 10, 2009 | 445 |
| -25.82% | Feb 21, 2020 | 22 | Mar 23, 2020 | 179 | Dec 4, 2020 | 201 |
| -16.57% | Nov 10, 2021 | 223 | Sep 29, 2022 | 312 | Dec 27, 2023 | 535 |
| -15.05% | Apr 22, 2002 | 69 | Jul 30, 2002 | 80 | Nov 20, 2002 | 149 |
Volatility
Volatility Chart
The current AB High Income Fund volatility is 1.00%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.