AB Susta...

Price: 17.13EUR

Change: icon-up-small 0.12%

AB Sustainable Euro High Yield Portfolio I2H GBP

AB Sustainable Euro High Yield Portfolio I2H GBP

ISIN:

LU1207091197

IA Sector:

IA EUR High Yield Bond

Risk level:

1
2
3
4
5
6
7

FE fundinfo Rating:

1 of 5

Accumulation

Price:

17.13EUR

02 December 2022

Last change:

icon-up-small 0.12%

1 year change:

icon-down-small -11.39%

5 year annualised return:

-0.26%

12 month yield:

N/A%

At a glance

At a glance performance and information

Eligibility:

Share Dealing Account Yes
ISA Yes

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Add to chart:

  • AB Sustainable Euro High Yield Portfolio I2H GBP
  • IA EUR High Yield Bond
  • Index

Discrete calendar year performance

Discrete calendar year performance
Investment 30/09/17 to 30/09/18 30/09/18 to 30/09/19 30/09/19 to 30/09/20 30/09/20 to 30/09/21 30/09/21 to 30/09/22
AB Sustainable Euro High Yield Portfolio I2H GBP 0.29% 5.06% -1.88% 10.22% -17.93%
IA EUR High Yield Bond 1.57% 4.80% 0.55% 3.72% -11.59%
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 Sustainable Euro High Yield Portfolio I2H GBP 2.64% -2.56% -11.39% -2.09% -0.26%
IA EUR High Yield Bond 0.73% -1.42% -7.68% -1.06% 0.10%
N/A N/A% N/A% N/A% N/A% N/A%

Fund Objective: The Fund seeks to achieve a high return on your investment, 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:

15 March 2010

Investment style:

High Yield

Region (geographical):

Global

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

Benchmark:

N/A

Sector:

IA EUR High Yield Bond

FE fundinfo Rating:

1 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. 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. 0.80%
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: Lloyds The cost of buying or selling some or all of your investment. £1.50
Breakdown

Asset Allocation

Fund size: 282,734,692.66 €

Chart date: December 2, 2022

Top 10 Holdings

Top 10 Holdings
Security Weight
Grifols escrow issuer sa 3.875% bds 15/10/28 eur100000144a 1.63%
Zf finance gmbh 2.00%, 05/06/27 1.31%
Eircom finance dac 3.5% bds 15/05/26 eur100000 1.30%
Faurecia se 2.75%, 02/15/27 1.19%
Nidda healthcare hldgs gmbh 3.5% bds 30/09/24 eur1000 1.14%
Ppf telecom group b.v. 3.25% bds 29/09/27 eur100000 1.13%
Techem verwaltungsgesellschaft 2.00%, 07/15/25 1.12%
Schaeffler ag 3.375%, 10/12/28 1.03%
Virgin media vendor financing 4.875%, 07/15/28 1.01%
Telefonica europe bv 2.502%, 02/05/27 0.98%

Sectors

Sectors
Sectors Weight
Corporate Bonds 88.98%
Investment Grade Corporate Bonds 10.36%
Corporate Bonds 0.66%

World regions

World regions
Country Weight
USA 16.07%
France 15.41%
Germany 15.12%
Italy 12.85%
Spain 10.81%
Netherlands 7.67%
UK 7.56%
Luxembourg 6.04%
Others 5.28%
Sweden 3.19%
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)

0

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

0%

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

0%

Fund Environmental Impact Involvement (%)

0%

Fund Social Score Impact Involvement (%)

0%

Fund Severe Governance Controversies Involvement (%)

0%

EXPOSURE TO SUSTAINABLE IMPACT THEMES

EXPOSURE TO SRI EXCLUSIONS

EXPOSURE TO FOSSIL FUEL

Important legal information

The Lloyds Bank Direct Investments Service is operated by Halifax Share Dealing Limited. Registered Office: Trinity Road, Halifax, West Yorkshire, HX1 2RG. Registered in England and Wales no. 3195646. Halifax Share Dealing Limited is authorised and regulated by the Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN under registration number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.

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