AB High Income A Fund (AGDAX) a Zacks Rank #1 (Strong Buy) was incepted in February 1994 and is managed by Alliance Capital Management. The objective of AGDAX is to seek primarily a high level of current income and, secondarily, capital appreciation. AGDAX invests in sovereign debt obligations of developing countries and in U.S. and non-U.S. corporate fixed-income securities. Substantially all of AGDAX's assets are invested in high-risk, lower-rated securities and are subject to the substantial risks associated with high-yield bonds and investments in emerging markets, including risk of loss and substantial volatility. AGDAX pursues an aggressive investment strategy.
The AB High Income A fund, managed by AllianceBern, carries an expense ratio of 0.88%. Moreover, AGDAX requires a minimal initial investment of $2,500.
AGDAX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 2.75% and 5 year 4.07%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
AGDAX’s performance, as of the last filing, when compared to funds in its category was in the top 12% in 1 year, top 51% over the past 3 years, and in the 61% over the past 5 years.
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Zacks Investment Research