ABNCX: AB Bond Inflation Strategy C

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ABNCX AB Bond Inflation Strategy C


Profile

ABNCX - Profile

Vitals

  • YTD Return -0.7%
  • 3 Yr Annualized Return 0.1%
  • 5 Yr Annualized Return 0.3%
  • Net Assets $581 M
  • Holdings in Top 10 N/A

52 WEEK LOW AND HIGH

$10.68
$9.71
$10.99

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.26%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 40.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $2,500

Fund Classification


Distributions

  • YTD Total Return -0.7%
  • 3 Yr Annualized Total Return 1.0%
  • 5 Yr Annualized Total Return 1.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.28%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    AB Bond Inflation Strategy
  • Fund Family Name
    AllianceBernstein
  • Inception Date
    Jan 26, 2010
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Shawn Keegan

Fund Description

The fund pursues its objective by investing principally in inflation-indexed securities (such as Treasury Inflation-Protected Securities ("TIPS") or inflation-indexed securities from issuers other than the U.S. Treasury) or by gaining inflation protection through derivatives transactions, such as inflation (CPI) swaps or total return swaps linked to TIPS. Under normal circumstances, it invests at least 80% of its net assets in fixed-income securities.


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Categories

Performance

ABNCX - Performance

Return Ranking - Trailing

Period ABNCX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.7% -3.3% 14.4% 94.44%
1 Yr 0.9% -3.5% 17.0% 86.11%
3 Yr 0.1%* -1.4% 6.1% 81.82%
5 Yr 0.3%* -0.9% 3.7% 73.68%
10 Yr 0.7%* -1.4% 1.4% 40.48%

* Annualized

Return Ranking - Calendar

Period ABNCX Return Category Return Low Category Return High Rank in Category (%)
2019 5.6% 2.3% 11.4% 77.78%
2018 -4.1% -9.2% -1.9% 21.21%
2017 0.8% -1.0% 5.8% 53.13%
2016 4.3% 2.1% 9.4% 40.35%
2015 -2.8% -8.5% -1.9% 36.84%

Total Return Ranking - Trailing

Period ABNCX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.7% -3.3% 14.4% 94.44%
1 Yr 0.9% -3.5% 17.0% 86.11%
3 Yr 1.0%* -0.6% 6.1% 78.79%
5 Yr 1.2%* -0.4% 3.7% 63.16%
10 Yr 1.6%* -1.4% 3.0% 42.86%

* Annualized

Total Return Ranking - Calendar

Period ABNCX Return Category Return Low Category Return High Rank in Category (%)
2019 5.6% 2.3% 11.4% 77.78%
2018 -2.1% -9.2% -0.2% 28.79%
2017 1.9% -0.9% 5.8% 65.63%
2016 5.6% 2.1% 9.4% 33.33%
2015 -2.6% -8.5% -1.1% 38.60%

NAV & Total Return History


Holdings

ABNCX - Holdings

Concentration Analysis

ABNCX Category Low Category High ABNCX % Rank
Net Assets 581 M 22.5 M 9.01 B 27.14%
Number of Holdings 585 15 1008 27.14%
Net Assets in Top 10 65.5 M 398 2.34 B 52.86%
Weighting of Top 10 N/A 0.0% 98.5% 3.98%

Top 10 Holdings

  1. Cdx-Naigs34v1-5y Cdsb 544198 1% 20/06/2025 19.63%
  2. Irs #512260 Pay Fixed 1.5890 1.589% 26/02/2025 12.16%
  3. Irs #512259 Rec Fixed 1.4400 1.44% 26/02/2022 11.94%
  4. United States Treasury Notes 0.38% 11.65%
  5. United States Treasury Notes 0.62% 10.83%
  6. Us 10yr Note (Cbt) 0% 19/06/2020 9.48%
  7. Irs #512052 Rec Fixed 1.9500 1.95% 14/01/2025 9.36%
  8. United States Treasury Notes 0.12% 8.29%
  9. United States Treasury Notes 0.75% 8.16%
  10. Irs #512280 Pay Fixed 1.5270 1.527% 28/02/2025 7.23%

Asset Allocation

Weighting Return Low Return High ABNCX % Rank
Bonds
102.95% 0.00% 135.90% 7.14%
Convertible Bonds
1.43% 0.00% 4.17% 8.57%
Preferred Stocks
0.23% 0.00% 0.23% 1.43%
Stocks
0.00% -0.01% 12.19% 45.71%
Other
0.00% -0.36% 23.46% 40.00%
Cash
-4.62% -36.04% 100.00% 72.86%

Bond Sector Breakdown

Weighting Return Low Return High ABNCX % Rank
Government
52.75% 0.00% 98.71% 58.57%
Cash & Equivalents
29.99% 0.70% 100.00% 22.86%
Corporate
6.82% 0.00% 27.16% 21.43%
Securitized
6.49% 0.00% 46.59% 37.14%
Derivative
3.95% -0.24% 10.91% 27.14%
Municipal
0.00% 0.00% 0.61% 34.29%

Bond Geographic Breakdown

Weighting Return Low Return High ABNCX % Rank
US
66.70% 0.00% 154.28% 67.14%
Non US
36.25% -55.96% 36.25% 1.43%

Expenses

ABNCX - Expenses

Operational Fees

ABNCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.26% 0.18% 3.36% 4.62%
Management Fee 0.50% 0.00% 0.69% 55.56%
12b-1 Fee 1.00% 0.00% 1.00% 95.56%
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

ABNCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 4.75% N/A
Deferred Load 1.00% 1.00% 1.00% 33.33%

Trading Fees

ABNCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A 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.

ABNCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 40.00% 23.00% 519.00% 35.21%

Distributions

ABNCX - Distributions

Dividend Yield Analysis

ABNCX Category Low Category High ABNCX % Rank
Dividend Yield 0.00% 0.00% 1.14% 25.00%

Dividend Distribution Analysis

ABNCX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

ABNCX Category Low Category High ABNCX % Rank
Net Income Ratio 1.28% -0.25% 4.58% 81.94%

Capital Gain Distribution Analysis

ABNCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

ABNCX - Fund Manager Analysis

Managers

Shawn Keegan


Start Date

Tenure

Tenure Rank

Jan 26, 2010

10.27

10.3%

Portfolio Manager—Credit Shawn Keegan is a Senior Vice President and a member of the Credit portfolio-management team, focusing on US and global portfolios. He specializes in Responsible Investing and leads the investment team for AB’s Sustainable Global Thematic Credit Strategy. Keegan is a member of both AB’s Environmental, Social and Governance Research and Stewardship Group and the Principles for Responsible Investment’s Advisory Committee on Environmental, Social and Governance in credit-rating committees. He is also a member of AB’s US Multi-Sector and Canada Fixed Income portfolio-management teams, where he focuses on credit security selection. Keegan first joined AB in 1997 as a portfolio assistant. He then spent a year at Aladdin Capital as a trader before rejoining the firm in 2001 as a member of the US Multi-Sector team. Keegan holds a BS in finance from Siena College and an MBA from the University of Notre Dame. Location: New York

Michael Canter


Start Date

Tenure

Tenure Rank

Jan 29, 2016

4.25

4.3%

Director—Securitized Assets and US Multi-Sector Michael Canter is a Senior Vice President and Director of Securitized Assets and US Multi-Sector Fixed Income at AB, heading the portfolio-management teams for these strategies. His focus includes his role as the Chief Investment Officer of AB’s Securitized Assets Fund. Canter’s team is responsible for AB’s investments in agency mortgage-backed securities, credit risk–transfer securities, non-agency residential mortgage-backed securities, commercial mortgage-backed securities, collateralized loan obligations and other asset-backed securities. He has particularly extensive expertise in residential mortgages. In 2009, AB was selected by the US Department of the Treasury to manage one of nine Legacy Securities Public-Private Investment Program funds; Canter was the CIO of that AB-managed fund. In addition, he was called upon to give expert testimony to the US Senate Committee on Banking, Housing, and Urban Affairs in 2013 and the US House of Representatives Subcommittee on Housing and Insurance in 2017 on how US housing policy should be structured going forward. Prior to joining AB, Canter was the president of ACE Principal Finance, a division of ACE Limited (now Chubb). There, he managed portfolios of credit default swaps, asset-backed securities, mortgage-backed securities and collateralized debt obligations. Canter holds a BA in math and economics from Northwestern University and a PhD in finance from the Columbia University Graduate School of Business. Location: New York

Janaki Rao


Start Date

Tenure

Tenure Rank

Jan 31, 2018

2.25

2.3%

Portfolio Manager and Head—Agency Mortgage-Backed Securities Research Janaki Rao is a Senior Vice President, Portfolio Manager and Head of Agency Mortgage-Backed Securities Research, where he oversees agency mortgage-backed securities (MBS) research, including fundamental and relative-value research. He brings decades of experience to AB, with a focus on MBS and US interest-rate strategies. Before joining the firm, Rao spent seven years in the US Interest Rate Strategy Group at Morgan Stanley, where he was responsible for covering the agency MBS market, including publishing for the flagship weekly publication, and generating ad hoc reports on breaking news, in-depth analysis of emerging trends and product primers. He also engaged with policymakers on various issues related to housing finance. Prior to joining Morgan Stanley, Rao ran the advance pricing, debt and derivatives trading desk at the Federal Home Loan Bank of New York. He holds a BA in economics from Delhi University and an MBA in finance from the Zicklin School of Business at Baruch College. Location: New York

Dimitri Silva


Start Date

Tenure

Tenure Rank

Dec 15, 2019

0.38

0.4%

Portfolio Manager—US and Global Multi-Sector Dimitri Silva is a Vice President and Portfolio Manager at AllianceBernstein. He is a member of the US Multi-Sector, Global Multi-Sector and Fixed Income Absolute Return portfolio-management teams. Silva specializes in global interest-rate strategies, including inflation-linked strategies, as a member of our Rates and Currency Research Review team. He joined the firm in 2007 as an associate portfolio manager. Silva holds a BS (summa cum laude) in mathematics/physics and chemistry from The College of Idaho. He is a CFA charterholder and a member of the New York Society of Security Analysts. Location: New York

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 15.37 3.72 5.42