AB Global High Income - Managed Fund

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Fund Performance Comparison

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Fee comparison

NOTE: Over the long term, higher fees lead to lower returns

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* A benchmark is an arbitary calculation that does not have any fees. Hence why in the long term the majority of fund managers underperform their benchmark by the cost of their fees. InvestSMART provides low cost funds that track their benchmark.

Fund performance (31 May 2018)

NOTE : returns for periods greater than 1 year are annualised
  1 Month % 3 Month % 6 Month % 1 Year % p.a. 2 Year % p.a. 3 Year % p.a. 5 Year % p.a. 10 Year % p.a.
Total return -1.11 -1.52 -0.8 0.85 7.37 4.94 - -
Growth return -1.69 -3.22 -4.22 -6.83 -0.09 -2.11 - -
Income return 0.58 1.7 3.42 7.68 7.46 7.05 - -

Market index (Bloomberg AusBond Bank 0+Y TR AUD)

Total return 0.17 0.48 0.91 1.78 1.81 1.96 2.24 3.39

Asset Allocation (31 May 2018)

Australian Equities 0.01%
International Equities 5%
Cash 2.46%
Property 0%
Fixed Interest 106.66%
Alternatives -14.12%
Asset Allocation

General Information

AB Global High Income
AllianceBernstein Investment Management
High Yield Credit
starstarstar (as at 31 May 2018)
Investment Fund
31 Jan 2014
$1.14 million (as at 19 Jun 2018)
$0.9077 (as at 20 Jun 2018)
$0.9067 (as at 20 Jun 2018)

Objectives and Strategy

The Fund aims to achieve income returns in excess of the Australian cash rate after fees over the cycle.
The Fund will aim to achieve its objective by investing in an Australian dollar currency hedged share class of the Global High Yield Portfolio of the AB FCP I mutual fund domiciled in Luxembourg (Luxembourg Fund). By investing in the Luxembourg Fund, the Fund will at any time have exposure to a portfolio of at least two-thirds higher risk lower rated (below investment grade) debt and fixed income securities and some higher rated investment grade debt and fixed income securities that are expected to generate desirable returns.

Offer information

Indirect Cost Ratio (ICR) 0.94% (as at 30 Jun 2016)
Minimum initial investment $25,000
Minimum additional investments $5,000.00

Top 10 holdings (as at 31 May 2018)

Holding Type % of Portfolio
Uruguay Note (Srunsc) 9.875% 06/20/2022 Bond - Undefined 13.34%
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Data shown on this website is sourced by Morningstar
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