Seeks high current income, and secondarily-capital appreciation

Investment Strategy

  • A globally diversified portfolio that takes full advantage of our best research ideas by pursuing high-income opportunities across all fixed-income sectors
  • Our research shows that a global multi-sector approach allows us to achieve a favorable balance of risk and return potential compared with a single-sector portfolio
  • The portfolio’s risk level is adjusted depending on how well investors are being compensated-we seek extra income during favorable markets, while we reduce risk in times of caution
  • Uses a consistent and repeatable investment process that combines quantitative and fundamental research to build effective bond portfolios

Primary Investments

  • Invests primarily (and without limit) in corporate debt securities from US and non-US issuers, as well as government bonds from both developing and developed countries, including the US
  • May invest in debt securities denominated in US dollars or Non-US currencies
  • Under normal market conditions, invests substantially all of the Fund’s net assets in lower-rated bonds, but may also invest in investment-grade and unrated debt securities

Management Team

Paul DeNoon

Portfolio Manager—Income Strategies

Gershon M. Distenfeld, CFA

Co-Head—Fixed Income; Director—Credit

Shamaila Khan

Director—Emerging Market Debt

Douglas J. Peebles

Chief Investment Officer—Fixed Income

Matthew Sheridan, CFA

Portfolio Manager—Global Multi-Sector

Related Insights

The performance shown represents past performance and does not guarantee future results. Current performance may be lower or higher than the performance information shown. Performance assumes reinvestment of distributions and does not account for taxes.

Total Returns
Peer Comparison

Net expense ratio, if applicable, reflects the contractual waiver of a portion of the Advisor’s fee and/or reimbursement of a portion of the Fund’s operating expenses. This waiver and/or reimbursement extends through a particular date, as specified in the Fund’s current prospectus, and may be further extended or terminated by the Advisor, as set forth in the prospectus. Absent waivers and/or reimbursements, performance would have been lower.

Distribution yield is calculated on a 30-day rolling basis by annualizing the average of the dividends distributed over the most recent 30-day period and dividing that figure by the current NAV. For the AB Bond Inflation Strategy Fund and the AB Municipal Bond Inflation Strategy Fund, distribution yield is calculated by annualizing the most recent monthly dividend distribution and dividing that figure by the current NAV. The distribution yield calculation does not include long-term or short-term capital gains distributions.

The reinvest price is the net asset value (NAV) price. The NAV price is the value of one share of the Fund as of the Ex Date. The NAV does not take into account any sales charges that may apply when shares are purchased or redeemed.

Holdings and characteristics shown include underlying investments of pooled vehicles.

The Fund’s/Portfolio’s holdings (including derivatives) are expressed as a percentage of total investments and may vary over time. They are provided for informational purposes only and should not be deemed as a recommendation to buy or sell the securities mentioned.

Investors should consider the investment objectives, risks, charges and expenses of the Fund/Portfolio carefully before investing. For copies of our prospectus or summary prospectus, which contain this and other information, visit our Literature Center or contact your AB representative. Please read the prospectus and/or summary prospectus carefully before investing.

AllianceBernstein Investments, Inc. (ABI) is the distributor of the AB family of mutual funds. ABI is a member of FINRA and is an affiliate of AllianceBernstein L.P., the manager of the funds.

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Investment Products Offered:

Are Not FDIC Insured | May Lose Value | Are Not Bank Guaranteed

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