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15 important things you should know about AllianceBernstein AGDAX mutual fund

Updated: September 18, 2020
17
Bull Case
  • 15-year return above the benchmark
Bear Case
  • 3-year return below the benchmark
  • 5-year return below the benchmark
  • 10-year return below the benchmark
  • High expense ratio
  • Sales load and/or distribution fees

Before we start: if you’re looking for AGDAX “stock” price, you can quickly find it out by visiting Finny and typing "AGDAX quote". If you’re looking for a quick scoop on AGDAX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "AGDAX". You’ll get all this info in one place.

Are you looking to buy or sell AGDAX? Or perhaps you’re looking for AGDAX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this AGDAX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: AGDAX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: AGDAX buy or sell; the pros and cons of investing in AGDAX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to AGDAX.

And here is the list of questions we’ll answer:

  1. Describe AB High Income Fund, Inc; Class A Shares (AGDAX).
  2. What are AGDAX holdings?
  3. What is AGDAX performance? What are AGDAX historical returns?
  4. How many up and down years did AGDAX have historically?
  5. What is AGDAX dividend yield?
  6. What is AGDAX minimum initial investment amount?
  7. What is AGDAX expense ratio?
  8. Does AGDAX have any sales loads or 12b-1 distribution expenses?
  9. What is AGDAX tax efficiency (tax-cost ratio)?
  10. What is AGDAX beta? How would you assess AGDAX risk?
  11. What is AGDAX Sharpe ratio?
  12. What is AGDAX Finny Score? AGDAX buy or sell?
  13. What are the pros of investing in AGDAX? What are AGDAX buy reasons?
  14. What are the cons of investing in AGDAX? What are AGDAX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe AB High Income Fund, Inc; Class A Shares (AGDAX).

The Fund seeks primarily a high level of current income and secondarily, capital appreciation. The Fund invests in a non-diversified portfolio of sovereign debt obligations and in US and non-US corporate fixed income securities. Substantially, all of the Fund's assets are invested in lower-rated securities.

2. What are AGDAX top holdings?

AGDAX has 32 stock holdings and 889 bond holdings.

The top 10 holdings represent 38.03% of total assets. Here are the top holdings:

Name Symbol % Assets
Cdx-Nahys33v2-5y Cdss 525939 5% 20/12/2024 N/A 14.14%
Itraxx-Xovers27v1-5y Cdsb 4491 5% 20/06/2022 N/A 9.34%
United States Treasury Notes 2.38% N/A 2.77%
Itraxx-Xovers33v1-5y Cdss 5469 5% 20/06/2025 N/A 2.73%
United States Treasury Bonds 6.12% N/A 1.89%
Itraxx-Xovers27v1-5y Cdss 4148 5% 20/06/2022 N/A 1.87%
10 Year Treasury Note Future Sept 20 ZNU0 1.70%
Cdx-Nahys29v1-5y Cdsb 451292 5% 20/12/2022 N/A 1.59%
Cmbx.Na.Bb.6 Cdss 431239 5% 11/05/2063 N/A 1.18%
Indonesia (Republic of) 8.25% N/A 0.82%

3. What is AGDAX performance? What are AGDAX historical returns?

AGDAX has generated the following returns:

  • 1-month return is 1.50%;
  • 3-month return is 5.82%;
  • 1-year return is -0.59%;
  • 3-year return is 1.16%;
  • 5-year return is 4.26%;
  • 10-year return is 5.54%;
  • 15-year return is 7.12%.

4. How many up and down years did AGDAX have historically?

In the last 10 years, AGDAX had 8 up years and 2 down years. See Performances

5. What is AGDAX dividend yield?

AGDAX yield is 6.25%.

6. What is AGDAX minimum initial investment amount?

AGDAX minimum initial investment amount is N/A.

7. What is AGDAX expense ratio?

AGDAX expense ratio is 0.83%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses. See Expenses

8. Does AGDAX have any sales loads or 12b-1 distribution expenses?

AGDAX 12b-1 distribution fee is 0.25. AGDAX front-end sales load is 4.25. AGDAX back-end sales load is 0.

9. What is AGDAX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 2.52%;
  • 3-year ax cost ratio is 2.48%.

See Taxes

10. What is AGDAX beta? How would you assess AGDAX risk?

  • 3-year beta is 0.65;
  • 5-year beta is 0.61;
  • 10-year beta is 0.52.

See Risks

11. What is AGDAX Sharpe ratio?

  • 3-year Sharpe ratio is -0.09;
  • 5-year Sharpe ratio is 0.21;
  • 10-year Sharpe ratio is 0.62.

See Risks

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 17. Our quantitative analysis shows 1 reason to buy and 5 reasons to sell it, resulting in the Finny Score of 17.

13. What are the pros of investing in AGDAX? What are AGDAX buy reasons?

The following are AGDAX strengths from our perspective:

  • <strong>AGDAX 15-year return</strong> is 7.12%, which is in line with the 15-year return of the benchmark index (Bloomberg Barclays Global High Yield TR Hdg USD), 7.42%.

14. What are the cons of investing in AGDAX? What are AGDAX negatives?

The following are AGDAX weaknesses from our perspective:

  • <strong>AGDAX 3-year return</strong> is 1.16%, which is lower than the 3-year return of the benchmark index (Bloomberg Barclays Global High Yield TR Hdg USD), 3.89%.
  • <strong>AGDAX 5-year return</strong> is 4.26%, which is lower than the 5-year return of the benchmark index (Bloomberg Barclays Global High Yield TR Hdg USD), 6.28%.
  • <strong>AGDAX 10-year return</strong> is 5.54%, which is lower than the 10-year return of the benchmark index (Bloomberg Barclays Global High Yield TR Hdg USD), 6.86%.
  • <strong>AGDAX expense ratio</strong> is 0.83%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • Warning: this fund has a 12b1 and front-end sales fee. The maximum 12b1 fee is 0.25%, while the maximum front-end sales load is 4.25%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund. Front-end sales load, also known as sales charge, is a fee paid when mutual funds shares are purchased. Those fees are subtracted from your total investable assets.
In the AGDAX review, we covered AGDAX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
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