Fully Invested in
[Efficient Income]

Expect more from your fixed income portfolio

Where is the Income?

In today’s low-yield environment, many investors are looking beyond core bonds for income.

While alternatives such as bank loans, high yield, and high dividend provide higher yields, they come with higher levels of market risk.

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Core Bonds, Bank Loans, High Yield Bonds, and High Dividend Equities are represented by Blomberg Barclays US Aggregate Index, S&P/LSTA Leveraged Loan Index, ICE BofA US HY, and MSCI USA High Dividend Yield Index - As of November 1, 2020

Source: Bloomberg, Federal Reserve FRED database, Morningstar Direct, MSCI, S&P, the Wall Street Journal and A





Focus on Efficiency Instead

Rather than chasing single sectors, pursue a better risk/reward balance by generating income more efficiently.

Income efficiency is achieved when investments pursue the highest level of income per unit of risk they take on. A portfolio of efficient fixed income investments integrates diverse building blocks – interest-rate, credit and growth exposures – with distinct upside/downside and yield profiles, balancing risks and uses active management to enhance returns and reduce volatility. This structure can help create a portfolio better able to withstand the ups and downs of volatile markets and yield curves.

Is your core bond portfolio providing the level of income that you would expect? AB’s Senior Investment Strategist, Brian Resnick, details why an efficient structure is a better solution.





AB’s Efficient IncomeSM Platform

The cornerstone of AB’s approach is our four-step proprietary process:


1. Provide diversification through a global multi-sector approach

2. Balance risk using a barbell structure

3. Marry fundamental and quantitative analysis to maximize income

4. Integrate technology to build portfolios efficiently and reduce volatility

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Mutual Fund Solutions

AB Short Duration Income Fund

SHUYX

Morningstar: Short-Term Bond

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AB Income
Fund

ACGYX

Morningstar: Core-Plus Bond

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AB Limited Duration High Income Fund

ALHYX

Morningstar: Multi-Sector Bond

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AB High Income Fund

AGDYX

Morningstar: High-Yield Bond

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Multi-Asset Model Portfolios

AB Dynamic Multi-Asset Income 0/100

Income with Capital Preservation

Stock/Bond Mix: 0/100

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AB Dynamic Multi-Asset Income 20/80

Income with Capital Preservation

Stock/Bond Mix: 20/80

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AB Dynamic Multi-Asset Income 40/60

Income with Moderate Growth

Stock/Bond Mix: 40/60

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AB Dynamic Multi-Asset Income 60/40

Growth with
Income

Stock/Bond Mix: 60/40

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Explore all of AB’s Fixed Income Mutual Funds

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Get AB’s Guide to Investing in the Time of Covid and Beyond



Insights

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