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At a glance performance and information

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Share Dealing Account

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Fund:

AB Short Duration High Yield Portfolio ITH GBP
Sector:

IA Global High Yield Bond
Benchmark:

Index

Discrete calendar year performance

Discrete calendar year performance
Investment	30/09/19 to 30/09/20	30/09/20 to 30/09/21	30/09/21 to 30/09/22	30/09/22 to 30/09/23	30/09/23 to 30/09/24
AB Short Duration High Yield Portfolio ITH GBP	1.29%	7.83%	-11.42%	8.38%	11.62%
IA Global High Yield Bond	-0.68%	7.66%	-6.03%	4.77%	7.60%
N/A	N/A%	N/A%	N/A%	N/A%	N/A%

Trailing returns

(*annualised)

Trailing returns
Investment	3 months	6 months	1 year	3 years*	5 years*
AB Short Duration High Yield Portfolio ITH GBP	2.55%	4.16%	12.32%	2.30%	3.18%
IA Global High Yield Bond	2.18%	3.01%	9.79%	2.72%	2.77%
N/A	N/A%	N/A%	N/A%	N/A%	N/A%

Overview

Fund Objective: The Fund seeks to achieve a high return on your investment for the degree of risk taken both by earning income and by increasing the value of your investment over the long term.

Manager name	AllianceBernstein (Luxembourg) S.a r.l.
Manager start date	29 July 2011
Manager Biography	Gershon M. Distenfeld, Senior Vice President, is Co-Head of Fixed Income, Director of Credit and a member of the Operating Committee. As Co-Head of Fixed Income, he is responsible for the management and strategic growth of AB’s fixed-income business. As Director of Credit, Distenfeld oversees all of AB’s credit-related strategies, including all global and regional investment-grade and high-yield strategies, as well as their associated investment strategy, activities and portfolio-management teams. In this capacity, he leads AB’s internal Credit Research Review Committee, the primary investment policy and decision-making committee for all credit-related portfolios the firm manages. Distenfeld also co-manages AB’s multiple-award-winning High Income Fund, named “Best Fund over 10 Years” by Lipper from 2012 to 2015, and the multiple-award-winning Global High Yield and American Income portfolios, flagship fixed-income funds on the firm’s Luxembourg-domiciled fund platform for non-US investors. He also designed and is one of the lead portfolio managers for AB’s Multi-Sector Credit Strategy, which invests across investment-grade and high-yield credit sectors globally. Distenfeld is the author of a number of published papers, including one on high-yield bonds being attractive substitutes for equities and another on the often-misunderstood differences between high-yield bonds and loans. Distenfeld joined AB in 1998 as a fixed-income business analyst, and served as a high-yield trader (1999–2002) and high-yield portfolio manager (2002–2006) before being named director of High Yield in 2006. He began his career as an operations analyst supporting Emerging Markets Debt at Lehman Brothers. Distenfeld holds a BS in finance from the Sy Syms School of Business at Yeshiva University, and is a CFA charterholder. Location: New York

Investment style:	High Yield
Region (geographical)	Global

Benchmark	N/A
Sector	IA Global High Yield Bond
FE fundinfo Rating	3 of 5

Fees & charges

Fees and Charges

Fees and Charges
Charge	Who receives this?	What is it?	Amount
Initial charge:	The fund manager	Charges applied by the fund management company for investing in their fund. Please note that Investment Managers may charge each time you buy new units or shares in a fund or trust. Where Investment Managers would have an entry charge, we will negotiate to have it waived so you will not be charged.	1.50%
Ongoing Charges:	The fund manager	The annual charge paid to a fund manager to cover the costs of running the fund. It is an estimate based on the actual amount charged in the previous year.	0.77%
Performance Fee:	The fund manager	A performance fee joins up the interest of the fund manager and their investors. A performance fee is taken when the fund beats pre-set conditions.	0%
Typical transaction cost:	The fund manager	The costs of dealing within a fund, which the Investment Manager must pay to continue managing the assets. This includes where the Manager decides to sell one stock and buy another. The costs will vary from one fund to another based on how often the Investment Manager trades and the costs applied when trading.	0.188%*
Dealing commission:	Halifax	The cost of buying or selling some or all of your investment.	£9.50 (per online trade)

*This is an indication based on the market average. The fund’s actual transaction cost will be shown before you place a trade.
Account charges are not included
Key Investor Information Document (KIID)Open KIID document
Fees & Charges

Breakdown

Asset Allocation

Fund size: 1,527,288,873.13 GBP

Chart date: October 9, 2024

Top 10 Holdings

Top 10 Holdings
Security	Weight
Ab sustainable euro high yield portfolio s eur	1.70%
Bausch + lomb corporation 8.375% bds 01/10/28 usd2000144a	0.62%
W. r. grace holdings llc 4.875% bds 15/06/27 usd2000144a	0.61%
Lsb industries inc 6.25% bds 15/10/28 usd2000	0.58%
Service properties trust	0.54%
Organon finance 4.125% bds 30/04/28 usd200000	0.53%
Voc escrow ltd 5% bds 15/02/28 usd1000	0.53%
Jefferies finance llc 5% bds 15/08/28 usd200000	0.51%
Elanco animal health incorporated 4.9% nts 28/08/28 usd1000	0.50%
Ingevity corp 3.875% bds 01/11/28 usd2000144a	0.49%

Sectors

Sectors
Sectors	Weight
Industrials	82.24%
Financials	15.05%
Utilities	1.70%
Asset/Mortgage-Backed Securities	0.26%
Fixed Interest	0.25%
Asset/Mortgage-Backed Securities	0.23%
Government Bonds	0.23%
Asset/Mortgage-Backed Securities	0.04%

World regions

World regions
Country	Weight
North America	77.47%
Europe	19.68%
Asia	1.61%
Middle East & Africa	1.15%
Latin America	0.09%

ESG

What is ESG?

ESG stands for Environmental, Social and Governance and is an approach for evaluating to what extent a company works towards social goals. For investors this can be used in order to understand how their funds and the assets they are made up of work towards these goals and use that information to help make sustainable investment choices.

ESG Metric

Score

MSCI ESG Quality Score (0-10)

5.6

MSCI ESG Quality Score - Peer Percentile (0-100)

52%

MSCI ESG Quality Score - Global Percentile (0-100)

31%

Fund Environmental Impact Involvement (%)

10%

Fund Social Score Impact Involvement (%)

Fund Severe Governance Controversies Involvement (%)

AB Short Duration High Yield Portfolio ITH GBP