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AB SICAV I-US High Yield Portfolio I2 USD

Ranked 56 out of 101 in - US Dollar High Yield over 12 months
All calculations are in USD unless stated

Managed by

Gershon Distenfeld

Gershon Distenfeld was born in 1975 in New York. He holds BA in finance from the Sy Syms School of Business at Yeshiva University in New York and is a CFA Charterholder. He started his career in July 1997 at Lehman Brothers as an emerging markets operations analyst, and in May 1998 joined Alliance Bernstein as a high yield trader. He then started managing high yield portfolios and is currently director of high yield. Outside of work, Gershon enjoys golf, backgammon and American football.

Sherif M. Hamid

Ashish Shah

Ashish Shah is currently located in New York. He joined Alliance Bernstein in 2010 and oversees the firm’s Global Credit strategies. Previously, he was a managing director and head of Global Credit Strategy at Barclays Capital, where he was responsible for the High Grade, High Yield, Structured Credit and Municipal Strategy Groups, and the Special Situations Research team. Prior to that, Shah served as the head of Credit Strategy at Lehman Brothers, heading the Structured Credit/CDO and Credit Strategy Groups and covering the cash bond, credit derivatives and CDO product areas for global credit investors. Before that, he served as North American CFO at Level 3 Communications from 1999 to 2000 and gained trading experience at Soros submanager Blue Border Partners and Bankers Trust, where he ran US equity arbitrage from 1994 to 1999. Shah holds a BS in economics from the Wharton School, University of Pennsylvania.

Objective

The Portfolio's investment objective is to achieve high risk-adjusted returns. In seeking to achieve its objective, under normal market conditions, the Investment Manager expects to maintain at least 80% of the Portfolio’s net assets exposed to US corporate issuers and at least 2/3 of the Portfolio’s net assets in high yield debt and related derivatives. The Portfolio will limit its investment in non-USD denominated fixed income securities to 10% of its net assets.

Showing fund performance globally. You can view performance in individual jurisdictions.

Performance

US Dollar High Yield over : 31/08/2016 - 31/08/2017

Total Return

Quarterly Performance

to 30/06/2017 Annual Q1 Q2 Q3 Q4
2017 2.4% 1.4%
2016 14.5% 3.0% 4.7% 4.4% 1.8%
2015 -4.4% 2.2% -0.4% -4.9% -1.2%
2014 2.7% 2.8% 1.9% -1.4% -0.6%
2013 7.4% 2.7% -1.2% 2.2% 3.5%
2012 1.5% 4.9% 3.0%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Austria
  2. Belgium
  3. Finland
  4. France
  5. Germany
  6. Hong Kong
  7. Iceland
  8. Italy
  9. Luxembourg
  10. Netherlands
  11. Norway
  12. Sweden
  13. Switzerland

Fund Info

  • Launch date29/03/2012
  • Share Class size00Mn
  • Base currencyUSD
  • ISIN LU0759706335

Purchase Info

  • Min. initial investment1Mn
  • Min. regular additional investment0

Charges

  • Annual management0.65%

Related News

AB’s Distenfeld: high yield’s CCC-rated ‘junk’ bonds could crash in 2017

The US group's high yield director, Gershon Distenfeld, warns of the dangers of backing the lowest rated high yield debt despite their soaring returns last year.

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in USD).