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AB High Income Fund;A

Ranked 96 out of 272 in - US Dollar High Yield over 12 months
All calculations are in USD unless stated

Managed by

Paul DeNoon

Paul DeNoon joined Alliance Capital as a portfolio manager in 1992 and currently takes charge of the massive AllianceBernstein-American Income Portfolio. The fund is 100% US Dollar denominated with DeNoon allocating between sectors based upon top-down analysis of global economic trends. Bottom-up in-house research drives the security selection. Prior to joining Alliance Capital, DeNoon spent six years working for Manufacturers Hanover Trust as an economist and ultimately portfolio manager. He started his career with two years as an economic research analyst at Lehman Brothers. DeNoon was born in Rochester, New York, in 1962 and holds a bachelor’s degree in economics from Union College, Schenectady, New York, and a masters degree in finance from New York University. Away from the office he is a keen skier and keeps himself busy coaching youth soccer.

Gershon Distenfeld

Gershon Distenfeld was born in 1975 in New York. He holds BA in finance from the Sy Syms School of Business at Yeshiva University in New York and is a CFA Charterholder. He started his career in July 1997 at Lehman Brothers as an emerging markets operations analyst, and in May 1998 joined Alliance Bernstein as a high yield trader. He then started managing high yield portfolios and is currently director of high yield. Outside of work, Gershon enjoys golf, backgammon and American football.

Douglas Peebles

Douglas J. Peebles graduated from Muhlenberg College in Pennsylvania with a BA and from Rutgers University in New Jersey with an MBA. He is the chief investment officer of Alliance Bernstein's fixed income business in New York and is directly responsible for supervising all fixed income mandates. Doug joined Alliance Bernstein in 1987, and became director of fixed income in 1997. From 2004 to 2008 he was co-head of fixed income before becoming CIO in August 2008. He is also chairman of the interest rates and currencies research review team which is responsible for setting interest rate and currency policy for all fixed income portfolios. Outside of fund management Doug enjoys playing golf.

Matthew Sheridan

Matthew Sheridan graduated from Syracuse University in New York with a BS in finance. He started his career with Alliance Bernstein in 1998 working in the structured asset securities group. Matthew is currently a vice president and portfolio manager within the global fixed income and emerging market debt team. He is a CFA Charterholder.

Objective

The Fund seeks primarily a high level of current income and secondarily, capital appreciation. The Fund invests in a non-diversified portfolio of sovereign debt obligations and in US and non-US corporate fixed income securities. Substantially, all of the Fund's assets are invested in lower-rated securities.

Showing fund performance globally. You can view performance in individual jurisdictions.

Performance

US Dollar High Yield over : 31/07/2016 - 31/07/2017

Total Return

Quarterly Performance

to 30/06/2017 Annual Q1 Q2 Q3 Q4
2017 3.6% 1.8%
2016 15.2% 3.5% 4.8% 4.4% 1.8%
2015 -4.0% 1.6% -0.2% -3.9% -1.5%
2014 3.2% 3.2% 2.5% -1.3% -1.1%
2013 6.8% 3.4% -1.4% 1.8% 3.0%
2012 18.6% 6.7% 1.3% 5.7% 3.9%
2011 1.8% 3.0% 1.3% -7.3% 5.3%
2010 16.8% 5.5% -0.6% 8.4% 2.7%
2009 61.7% 4.1% 24.0% 18.5% 5.8%
2008 -26.6% -2.4% 0.7% -9.3% -17.6%
2007 7.5% 2.6% 0.4% 2.3% 2.1%
2006 11.8% 1.8% -2.3% 6.7% 5.5%
2005 10.0% -1.4% 5.8% 3.8% 1.6%
2004 11.1% 3.4% -6.5% 8.8% 5.6%
2003 38.5% 10.0% 14.1% 2.8% 7.3%
2002 18.8% 9.1% -6.1% -2.4% 18.8%
2001 6.5% 1.0% 4.9% -8.4% 9.7%
2000 14.1% 9.9% -0.5% 3.4% 1.0%
1999 27.2% 2.7% 4.6% 0.4% 17.9%
1998 -22.1% 5.2% -9.8% -28.7% 15.2%
1997 9.0% -0.5% 10.9% 6.1% -6.9%
1996 39.5% 4.9% 9.2% 12.7% 8.1%
1995 11.0%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. United States

Fund Info

  • Launch date25/02/1994
  • Share Class size1,923Mn
  • Base currencyUSD
  • ISIN US01859M1018

Purchase Info

  • Min. initial investment2,500
  • Min. regular additional investment50

Charges

  • Annual management0.45%
  • Initial investment0

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).