AB Taxable Multi-Sector Income Shares (CSHTX)

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AB Taxable Multi-Sector Income Shares (CSHTX) is up 1.2% since the beginning of the year. CSHTX is currently trading at $10 per share. Investors who bought $1,000 worth of CSHTX shares 5 years ago would now be looking at an investment worth $1,143.

AB Taxable Multi-Sector Income Shares (CSHTX) has returned 1.21% so far this year and 4.45% over the past 12 months. Over the last ten years, CSHTX has returned 2.57% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since Aug 3, 2012, CSHTX's average daily return is +0.01%, while the average monthly return is +0.16%. At this rate, an investment would double in approximately 36.1 years.

Historically, 70% of months were positive and 30% were negative. The best month was Apr 2020 with a return of +1.9%, while the worst month was Aug 2012 at -3.0%. The longest winning streak lasted 17 consecutive months, and the longest losing streak was 8 months.

On a daily basis, CSHTX closed higher 24% of trading days. The best single day was Nov 10, 2022 with a return of +0.6%, while the worst single day was Aug 7, 2012 at -3.0%.

AB Taxable Multi-Sector Income Shares has an annualized alpha of 1.87%, beta of 0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since August 03, 2012.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (6.48%) than losses (0.90%) - typical of diversified or defensive assets.
• Beta of 0.01 may look defensive, but with R2 of 0.00 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 0.00 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.

CSHTX has an expense ratio of 0.00%, meaning no management fees are charged.

CSHTX ranks 88 for risk / return — in the top 88% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

AB Taxable Multi-Sector Income Shares provided a 4.46% dividend yield over the last twelve months, with an annual payout of $0.44 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for AB Taxable Multi-Sector Income Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the AB Taxable Multi-Sector Income Shares. 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 Taxable Multi-Sector Income Shares was 5.57%, occurring on Mar 23, 2020. Recovery took 62 trading sessions.

The current AB Taxable Multi-Sector Income Shares drawdown is 0.10%.

The chart below shows the rolling one-month volatility.