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.
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.
Compare to other instruments
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.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | -0.75% | 3.51% |
| Year-To-Date | 2.27% | 7.03% |
| 6 months | 7.94% | 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
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 4.45% | -1.34% | ||||||||||
| 2022 | -4.76% | 1.90% | 3.26% | -0.45% |
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.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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.
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, 1997 | 243 | Sep 11, 1998 | 872 | Feb 20, 2002 | 1115 |
| -33.1% | May 21, 2008 | 129 | Nov 21, 2008 | 173 | Aug 3, 2009 | 302 |
| -25.82% | Feb 21, 2020 | 22 | Mar 23, 2020 | 180 | Dec 7, 2020 | 202 |
| -16.57% | Nov 10, 2021 | 223 | Sep 29, 2022 | — | — | — |
| -15.05% | Apr 22, 2002 | 69 | Jul 30, 2002 | 80 | Nov 20, 2002 | 149 |
| -13.12% | Dec 4, 1996 | 7 | Dec 12, 1996 | 137 | Jun 23, 1997 | 144 |
| -12.65% | Mar 22, 2004 | 35 | May 10, 2004 | 77 | Aug 30, 2004 | 112 |
| -11.43% | Sep 2, 2014 | 365 | Feb 11, 2016 | 79 | Jun 6, 2016 | 444 |
| -10.21% | Aug 2, 2011 | 45 | Oct 4, 2011 | 81 | Jan 31, 2012 | 126 |
| -8.89% | Jun 17, 2003 | 35 | Aug 6, 2003 | 31 | Sep 19, 2003 | 66 |
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.