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AB FCP I-Global High Yield Portfolio A2 EUR H

Ranked 42 out of 96 in - Global High Yield over 12 months
All calculations are in EUR unless stated

Managed by

Paul DeNoon

Paul DeNoon joined Alliance Capital as a portfolio manager in 1992 and currently takes charge of the massive AllianceBernstein-American Income Portfolio. The fund is 100% US Dollar denominated with DeNoon allocating between sectors based upon top-down analysis of global economic trends. Bottom-up in-house research drives the security selection. Prior to joining Alliance Capital, DeNoon spent six years working for Manufacturers Hanover Trust as an economist and ultimately portfolio manager. He started his career with two years as an economic research analyst at Lehman Brothers. DeNoon was born in Rochester, New York, in 1962 and holds a bachelor’s degree in economics from Union College, Schenectady, New York, and a masters degree in finance from New York University. Away from the office he is a keen skier and keeps himself busy coaching youth soccer.

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.

Douglas Peebles

Douglas J. Peebles graduated from Muhlenberg College in Pennsylvania with a BA and from Rutgers University in New Jersey with an MBA. He is the chief investment officer of Alliance Bernstein's fixed income business in New York and is directly responsible for supervising all fixed income mandates. Doug joined Alliance Bernstein in 1987, and became director of fixed income in 1997. From 2004 to 2008 he was co-head of fixed income before becoming CIO in August 2008. He is also chairman of the interest rates and currencies research review team which is responsible for setting interest rate and currency policy for all fixed income portfolios. Outside of fund management Doug enjoys playing golf.

Matthew Sheridan

Matthew Sheridan graduated from Syracuse University in New York with a BS in finance. He started his career with Alliance Bernstein in 1998 working in the structured asset securities group. Matthew is currently a vice president and portfolio manager within the global fixed income and emerging market debt team. He is a CFA Charterholder.

Objective

To produce high current income as well as overall total return. In seeking to achieve this objective, the Portfolio will invest primarily, and at any time at least two-thirds of its assets in, a portfolio of high yielding debt securities of issuers located throughout the world, including U.S. issuers and issuers in emerging market countries. In selecting its investments, the Portfolio intends to allocate its assets among three main types of investments: (i) high yielding non-Investment Grade debt securities of U.S. corporate issuers; (ii) non-Investment Grade debt securities of issuers located in emerging market countries; and (iii) sovereign debt obligations issued by emerging market countries.

Showing fund performance in Luxembourg View performance globally

Performance

Global High Yield over : 30/09/2016 - 30/09/2017
  • Rank 42/96 Total Return
  • Rank 69/96 Standard Deviation
  • Rank 68/96 Max Drawdown
Fund Name Currency Return
40 Robeco High Yield Bonds DH EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

6.3%

41 Schroder Selection Glo Srs-Global HY A EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

6.2%

42 AB FCP I-Global High Yield Portfolio A2 EUR H

Currency exposure is hedged

Currency exposure is hedged

EUR

6.2%

43 Fideuram Fund Bond Global High Yield

Currency exposure is hedged

Currency exposure is hedged

EUR

6.2%

44 Goldman Sachs Glo High Yield Pf OCS EUR-H

Currency exposure is hedged

Currency exposure is hedged

EUR

6.1%

Fund Name Currency Risk
67 Invesco Global High Income A Acc EUR Hdg

Currency exposure is hedged

Currency exposure is hedged

EUR

3.0

67 Schroder ISF Global High Yield EUR Hedged A Acc

Currency exposure is hedged

Currency exposure is hedged

EUR

3.0

69 AB FCP I-Global High Yield Portfolio A2 EUR H

Currency exposure is hedged

Currency exposure is hedged

EUR

3.0

70 Nordea 1 - International High Yield Bond HX EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

3.2

71 Atomo Global Yield R EUR EUR

3.2

Fund Name Currency Loss
66 Janus Global High Yield A EUR Acc Hedged

Currency exposure is hedged

Currency exposure is hedged

EUR

-1.1%

67 Candriam Bonds Credit Opportunities I Cap

Currency exposure is hedged

Currency exposure is hedged

EUR

-1.1%

68 AB FCP I-Global High Yield Portfolio A2 EUR H

Currency exposure is hedged

Currency exposure is hedged

EUR

-1.1%

69 FISCH Bond Global High Yield Fund AE2 EUR

-1.2%

70 Kames High Yield Global Bond A Inc EUR Hedged

Currency exposure is hedged

Currency exposure is hedged

EUR

-1.3%

Total Return

Quarterly Performance

to 29/09/2017 Annual Q1 Q2 Q3 Q4
2017 3.0% 1.1% 1.2%
2016 12.2% 2.7% 4.0% 4.2% 0.8%
2015 -5.4% 1.5% -0.4% -4.7% -1.8%
2014 1.5% 2.9% 2.4% -2.2% -1.5%
2013 4.9% 2.2% -2.4% 2.0% 3.1%
2012 15.8% 6.0% 0.5% 5.5% 3.0%
2011 0.3% 2.8% 1.0% -7.2% 4.1%
2010 15.3% 6.2% -1.2% 7.3% 2.4%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Austria
  2. Bahrain
  3. Chile
  4. Finland
  5. France
  6. Germany
  7. Hong Kong
  8. Iceland
  9. Italy
  10. Korea
  11. Luxembourg
  12. Macau
  13. Netherlands
  14. Norway
  15. Portugal
  16. Singapore
  17. Spain
  18. Sweden
  19. Switzerland
  20. Taiwan
  21. United Kingdom

Fund Info

  • Launch date15/12/2009
  • Base currencyEUR
  • ISIN LU0448068782
  • Currency exposure is hedged

Purchase Info

  • Min. initial investment2,000
  • Min. regular additional investment0

Charges

Related News

The little known US housing play investors are missing

AllianceBernstein’s John Taylor reveals his top pick in the US housing market.

AB’s $24.2bn HY team: how to avoid soft closure

Global high yield team addresses the fund’s capacity constraints.

$24.2bn HY team makes big switch into local currency EMD

Citywire + rated Gershon Distenfeld talks through the rationale for moving out of US high yield.

$22.3bn HY team reveals offbeat housing market bet

Citywire + rated manager reveals little followed area of investment making up 10% of giant fund.

Don’t bet on huge rise in HY defaults, says $17bn manager

Commodities-driven concerns won’t lead to more than a modest increase in blow-ups, says Gershon Distenfeld.

Dare to default: the case for letting governments go bust

Citywire + rated Paul DeNoon investigates whether sovereign debt still deserves to be sacrosanct or if examples need to be made.

Fed should have already started rate hikes, says $21bn HY manager

AB’s Gershon Distenfeld says the continuation of the current monetary policy may pave the way for potential asset bubbles.

Don’t despair over default talk, says $21bn HY manager

AllianceBernstein’s Gershon Distenfeld believes markets are over-estimating the impact of rate hikes on bond market blowouts.

AllianceBernstein’s Distenfeld: the risks of reaching for yield

The US asset management giant’s director of high yield debt sets out the ‘critical’ concerns facing fixed income fund managers.

Seven lessons every fixed income investor should learn from 2013

From positioning pitfalls to the municipal malaise, AllianceBernstein’s Douglas Peebles sets out what to carry forward into the New Year.

...more...

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