AB Sustainable Thematic Credit Portfolio
Name
As of 04/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-2.9%
1 yr return
1.2%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$239 M
Holdings in Top 10
8.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.92%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 31.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
STHAX - Profile
Distributions
- YTD Total Return -2.9%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.69%
- Dividend Yield 3.9%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameAB Sustainable Thematic Credit Portfolio
-
Fund Family NameALLIANCEBE
-
Inception DateMay 10, 2021
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerGershon Distenfeld
Fund Description
STHAX - Performance
Return Ranking - Trailing
Period | STHAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -2.9% | -6.7% | 2.9% | 65.34% |
1 Yr | 1.2% | -3.7% | 9.1% | 47.16% |
3 Yr | N/A* | -10.0% | 39.0% | N/A |
5 Yr | N/A* | -4.5% | 25.7% | N/A |
10 Yr | N/A* | -0.6% | 13.9% | N/A |
* Annualized
Return Ranking - Calendar
Period | STHAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.9% | -5.6% | 6.3% | 19.89% |
2022 | -20.1% | -28.7% | 142.1% | 92.57% |
2021 | N/A | -12.3% | 4.9% | N/A |
2020 | N/A | -8.0% | 10.6% | N/A |
2019 | N/A | 4.3% | 13.4% | N/A |
Total Return Ranking - Trailing
Period | STHAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -2.9% | -6.7% | 2.9% | 65.34% |
1 Yr | 1.2% | -3.7% | 9.1% | 47.16% |
3 Yr | N/A* | -10.0% | 39.0% | N/A |
5 Yr | N/A* | -4.5% | 25.7% | N/A |
10 Yr | N/A* | -0.6% | 13.9% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | STHAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 8.8% | -5.6% | 12.9% | 42.05% |
2022 | -17.8% | -25.6% | 151.8% | 94.86% |
2021 | N/A | -5.1% | 7.5% | N/A |
2020 | N/A | -8.0% | 116.0% | N/A |
2019 | N/A | 6.7% | 17.4% | N/A |
NAV & Total Return History
STHAX - Holdings
Concentration Analysis
STHAX | Category Low | Category High | STHAX % Rank | |
---|---|---|---|---|
Net Assets | 239 M | 5.45 M | 47.3 B | 73.86% |
Number of Holdings | 406 | 4 | 10179 | 56.82% |
Net Assets in Top 10 | 19.9 M | -29.6 M | 3.67 B | 74.43% |
Weighting of Top 10 | 8.17% | 1.6% | 143.5% | 90.34% |
Top 10 Holdings
- AB Fixed Income Shares, Inc. - Government Money Market Portfolio 1.36%
- Mastercard Inc 0.90%
- Skyworks Solutions Inc 0.85%
- Micron Technology Inc 0.79%
- Roche Holdings Inc 0.79%
- Global Payments Inc 0.73%
- Canadian Pacific Railway Co 0.72%
- Klabin Austria GmbH 0.69%
- General Mills Inc 0.67%
- Merck Co Inc 0.66%
Asset Allocation
Weighting | Return Low | Return High | STHAX % Rank | |
---|---|---|---|---|
Bonds | 98.18% | 0.00% | 136.47% | 30.11% |
Convertible Bonds | 7.97% | 0.00% | 78.47% | 5.11% |
Cash | 1.70% | -43.80% | 45.81% | 66.48% |
Other | 0.11% | -1.14% | 13.53% | 61.36% |
Stocks | 0.00% | 0.00% | 99.96% | 51.14% |
Preferred Stocks | 0.00% | 0.00% | 9.18% | 53.98% |
Bond Sector Breakdown
Weighting | Return Low | Return High | STHAX % Rank | |
---|---|---|---|---|
Corporate | 83.86% | 41.80% | 99.80% | 64.20% |
Government | 8.66% | 0.00% | 25.63% | 32.95% |
Cash & Equivalents | 1.36% | 0.00% | 45.81% | 60.23% |
Derivative | 0.11% | -0.21% | 2.35% | 31.25% |
Municipal | 0.03% | 0.00% | 3.62% | 60.80% |
Securitized | 0.00% | 0.00% | 23.18% | 90.34% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | STHAX % Rank | |
---|---|---|---|---|
US | 96.67% | 0.00% | 109.04% | 40.91% |
Non US | 1.51% | 0.00% | 47.05% | 11.93% |
STHAX - Expenses
Operational Fees
STHAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.92% | 0.02% | 46.23% | 35.06% |
Management Fee | 0.45% | 0.00% | 1.35% | 72.73% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.02% | 0.45% | N/A |
Sales Fees
STHAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 4.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
STHAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
STHAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 31.00% | 0.00% | 259.00% | 20.11% |
STHAX - Distributions
Dividend Yield Analysis
STHAX | Category Low | Category High | STHAX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.87% | 0.00% | 6.12% | 85.80% |
Dividend Distribution Analysis
STHAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
STHAX | Category Low | Category High | STHAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.69% | 0.38% | 5.93% | 80.46% |
Capital Gain Distribution Analysis
STHAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 28, 2024 | $0.026 | OrdinaryDividend |
Feb 29, 2024 | $0.024 | OrdinaryDividend |
Jan 31, 2024 | $0.026 | OrdinaryDividend |
Dec 29, 2023 | $0.026 | OrdinaryDividend |
Nov 30, 2023 | $0.024 | OrdinaryDividend |
Oct 31, 2023 | $0.024 | OrdinaryDividend |
Sep 29, 2023 | $0.024 | OrdinaryDividend |
Aug 31, 2023 | $0.024 | OrdinaryDividend |
Jul 31, 2023 | $0.023 | OrdinaryDividend |
Jun 30, 2023 | $0.024 | OrdinaryDividend |
May 31, 2023 | $0.023 | OrdinaryDividend |
Apr 28, 2023 | $0.021 | OrdinaryDividend |
Mar 31, 2023 | $0.023 | OrdinaryDividend |
Feb 28, 2023 | $0.019 | OrdinaryDividend |
Jan 31, 2023 | $0.021 | OrdinaryDividend |
Dec 30, 2022 | $0.022 | OrdinaryDividend |
Dec 06, 2022 | $0.020 | OrdinaryDividend |
Nov 30, 2022 | $0.020 | OrdinaryDividend |
Oct 31, 2022 | $0.019 | OrdinaryDividend |
Sep 30, 2022 | $0.019 | OrdinaryDividend |
Aug 31, 2022 | $0.018 | OrdinaryDividend |
Jul 29, 2022 | $0.017 | OrdinaryDividend |
Jun 30, 2022 | $0.017 | OrdinaryDividend |
May 31, 2022 | $0.016 | OrdinaryDividend |
Apr 29, 2022 | $0.017 | OrdinaryDividend |
Mar 31, 2022 | $0.017 | OrdinaryDividend |
Feb 28, 2022 | $0.014 | OrdinaryDividend |
Jan 31, 2022 | $0.015 | OrdinaryDividend |
Dec 31, 2021 | $0.015 | OrdinaryDividend |
Nov 30, 2021 | $0.015 | OrdinaryDividend |
Oct 29, 2021 | $0.014 | OrdinaryDividend |
Sep 30, 2021 | $0.014 | OrdinaryDividend |
Aug 31, 2021 | $0.014 | OrdinaryDividend |
Jul 30, 2021 | $0.015 | OrdinaryDividend |
Jun 30, 2021 | $0.015 | OrdinaryDividend |
May 28, 2021 | $0.009 | OrdinaryDividend |
STHAX - Fund Manager Analysis
Managers
Gershon Distenfeld
Start Date
Tenure
Tenure Rank
Apr 21, 2021
1.11
1.1%
Gershon M. Distenfeld is a Senior Vice President and Director of Credit at AB, responsible for overseeing the investment strategy and management of all investment-grade and high-yield corporate bond portfolios and associated portfolio-management teams and Co-Head of Fixed Income. Strategies under his purview span the credit and risk spectrum, from short-duration investment-grade corporate bond portfolios to regional and global high-yield portfolios, encompassing a range of investment approaches, objectives and alpha targets, from income-oriented buy-and-hold strategies to active multi-sector total return strategies, and including both publicly traded securities and private placements in developed and emerging markets. Distenfeld is also a Partner of the firm. He co-manages AB’s multiple-award-winning High Income Fund, named “Best Fund over 10 Years” by Lipper from 2012 to 2015, and the multiple-award-winning Global High Yield and American Income portfolios, flagship fixed-income funds on the firm’s Luxembourg-domiciled fund platform for non-US investors. Distenfeld also designed and is one of the lead portfolio managers for AB’s Multi-Sector Credit Strategy, which invests across investment-grade and high-yield credit sectors globally. He is the author of a number of published papers, including one on high-yield bonds being attractive substitutes for equities and another on the often-misunderstood differences between high-yield bonds and loans. His blog “High Yield Won’t Bubble Over” (January 2013) is one of AB’s all-time most-read blogs. Distenfeld joined AB in 1998 as a fixed-income business analyst, and served as a high-yield trader (1999–2002) and high-yield portfolio manager (2002–2006) before being named director of High Yield in 2006. He began his career as an operations analyst supporting Emerging Markets Debt at Lehman Brothers. Distenfeld holds a BS in finance from the Sy Syms School of Business at Yeshiva University, and is a CFA charterholder. Location: New York
Tiffanie Wong
Start Date
Tenure
Tenure Rank
Apr 21, 2021
1.11
1.1%
Vice President AllianceBernstein L.P., with which she has been associated in a substantially similar capacity to her current position since prior to 2014.
Salima Lamdouar
Start Date
Tenure
Tenure Rank
Oct 06, 2021
0.65
0.7%
Salima Lamdouar is a Vice President and Portfolio Manager for Sustainable Fixed Income, focusing on sustainable thematic credit, income and emerging-market debt strategies. Before joining the firm in 2015, she was a generalist portfolio manager at fixed-income manager Rogge Global Partners. Lamdouar holds a BSc (Hons) in banking and international finance from Cass Business School. Location: London
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.33 | 24.76 | 6.74 | 4.41 |