AB Fixed Maturity Bond 2025 Portfolio

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Strategy

Seeks attractive yield over the term of the Portfolio by:

  • Investing primarily in fixed-income securities that mature on or before the Portfolio’s maturity date of 31 December 2025

  • Investing at least 90% of the Portfolio's assets in US dollar-denominated fixed-income securities issued by corporate, sovereign and other governmental issuers in developed markets 

  • Investing a significant percentage of the portfolio in investment grade fixed-income securities issued in the U.S

  • The Portfolio will not invest more than 20% of its net assets in one sector, nor will it invest directly in emerging markets

  • Investing primarily in fixed-income securities that mature on or before the Portfolio’s maturity date of 31 December 2025

The value of an investment can go down as well as up and investors may not get back the full amount they invested. Capital is at risk.

Portfolio Management Team

19 Years at AB
19 Years of Experience
27 Years at AB
28 Years of Experience
14 Years at AB
19 Years of Experience
11 Years at AB
15 Years of Experience


Fund Facts

Portfolio Details

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Share Class Details

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Identifiers

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The classifications are made in accordance with and for the purposes of Regulation (EU) 2019/2088 and are not of the fund for a prospective investor’s investment needs. For more information on AB’s Sustainability-Related Disclosures please refer to the Fund’s Prospectus.

This Fund is classed as an offshore fund and is not subject to UK sustainable investment labelling and disclosure requirements.


Pricing & Performance

  1. Annualised Performance
  2. Calendar Year Performance
  3. Complete 12 Month Returns
  4. Growth of Investment
  5. Daily Data

For those share classes which have launched less than 12 months ago, we are unable to provide performance history.

Past performance does not guarantee future results.

The Fund is not managed to target or exceed the performance of any specific benchmark, nor are investment decisions constrained by any benchmark. However, investors can assess the performance of the Fund against index shown.

The display above shows the performance based on total return net of management fees, but does not reflect sales charges or the effect of taxes. The figures therefore do not reflect the actual return to an investor.

Effective 8th November 2022, this Portfolio has been closed for new subscriptions. For the avoidance of doubt, this Portfolio remains open for redemptions.

Fees & Expenses

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The charges paid by the Fund are used to pay the costs for running the Fund, including the costs of marketing and distributing it. These charges reduce the potential return of your investment.  For a complete description and full details of the applicable costs and charges, please refer to the Fund’s Prospectus.

The Management Fee is an annual fee paid to the management company to which the management of the Fund has been delegated. Out of this fee, the management company pays the investment management fee to the Investment Manager but also may pay other service providers.

The Performance Fee (if any) is paid to the Investment Manager under certain specific conditions.

The Ongoing Charges are charges taken from the Fund over a year based on expenses for the year. This figure may vary from year to year. It excludes performance fees (if any), portfolio transaction costs, except in the case of an entry/exit charge paid by the Fund, when buying or selling units in another collective investment undertaking. The Ongoing Charges figure can help you compare the annual operating expenses of different funds.

The Entry and Exit Charges shown are maximum figures and are one-off charges taken before or after you invest in the Fund. 


Complete Portfolio of Holdings

Holdings are subject to change without notice.



Investment Risks to Consider

These and other risks are described in the Portfolio's prospectus

Investment in the Portfolio entails certain risks. Investment returns and principal value of the Portfolio will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Some of the principal risks of investing in the Portfolio include:

  • Default risk: The issuers of certain bonds or other debt securities could become unable to make payments on their debt.

  • Allocation risk: The risk that the allocation of investments between growth and value companies may have a more significant effect on the Portfolio’s Net Asset Value (NAV) when one of these strategies is not performing as well as the other. In addition, the transaction costs of rebalancing the investments may, over time, be significant.

  • Corporate debt obligations risk: The risk that a particular issuer may not fulfill its payment and other obligations. In addition, an issuer may experience adverse changes to its financial position or a decrease in its credit rating resulting in increased debt obligation price volatility and negative liquidity. There may also be a higher risk of default.

  • Credit risk: The risk that issuers or counterparties may not be able to meet interest payments or repay the capital borrowed. A default by the issuer may impact the value of the Portfolio

  • Currency risk: Investments may be denominated in one or more currencies which are different from the Portfolio’s base currency. Currency movements in the investments may significantly affect the net asset value of the Portfolio.

  • Emerging-markets risk: Where the Portfolio invests in emerging markets, these assets are generally smaller and more sensitive to economic and political factors, and may be less easily traded, which could cause a loss to the Portfolio.

  • Focused portfolio risk: Investing in a limited number of issuers, industries, sectors or countries may subject the Portfolio to greater volatility than one invested in a larger or more diverse array of securities.

  • Interest-rate risk: As interest rates rise, bond prices fall and vice versa; long-term securities tend to rise and fall more than short-term securities.

  • Leverage risk: The Fund implements a high use of leverage which may reach 400% of the total NAV of the Fund. Leverage presents opportunities for increasing both returns and losses because any event which affects the value of an investment is magnified to the extent leverage is employed.

  • Market risk: Prices and yields of many securities can change frequently, sometimes with significant volatility, and can fall, based on a wide variety of factors, for example government policy or change in technology. he effects of market risk can be immediate or gradual, short-term or long-term, or narrow or broad.

  • Sovereign debt obligations risk: The risk that government issued debt obligations will be exposed to direct or indirect consequences of political, social and economic changes in various countries. Political changes or the economic status of a country may impact the willingness or ability of a government to honour its payment obligations.



Fund Literature

The value of an investment can go down as well as up and investors may not get back the full amount they invested. Capital is at risk.

For a full explanation of risks and the overall risk profile of this fund and the share classes within it, please refer to the Key Investor Information Documents (KIIDs) or Key Information Documents (KIDs) and Prospectus.

The sale of AB funds may be restricted or subject to adverse tax consequences in certain jurisdictions. This information is directed solely at persons in jurisdictions where the funds and relevant share class are registered or who may otherwise lawfully receive it. Before investing, investors should review the Fund’s full Prospectus, together with the Fund’s KIID or KID and the most recent financial statements. Copies of these documents, including the latest annual report and, if issued thereafter, the latest semi-annual report, may be obtained free of charge from AllianceBernstein (Luxembourg) S.à r.l. by visiting www.alliancebernstein.com or http://www.eifs.lu/alliancebernstein, or in printed form by contacting the local distributor in the jurisdictions in which the funds are authorised for distribution.

AllianceBernstein (Luxembourg) S.à r.l.,2-4, rue Eugène Ruppert, L-2453 Luxembourg , is the management company for the Funds registered in Luxembourg under company number B34405. AllianceBernstein (Luxembourg) S.à r.l. is authorized and regulated in the Luxembourg by the Commission de Surveillance du Secteur Financier (CSSF Reference Number S0246).

In according with the UK Financial Conduct Authority (FCA) regulations, this Fund is classed as an Overseas Registered Fund (ORF).  With regards to seeking complaints resolution or compensation, the Financial Ombudsman Service (FOS) may not be able to consider any complaints regarding about the Management Company or Depositary of the fund, as they are not Financial Conduct Authority (FCA) authorised firms. Any claims are therefore unlikely to be covered by the Financial Services Compensation Scheme (FSCS).  For more information regarding the AB complaint handing process, please refer to our Compliant Handling Notice.