AB FlexFee High Yield Portfolio
Data updated: 2023-06-26
C000140942 — AB FlexFee High Yield Portfolio. Intermediate Corporate Bond · $69.12M AUM · 0.60% expense ratio. Holdings, fees, performance and SEC filings.
C000140942 Fund Overview
AB FlexFee High Yield Portfolio is a US mutual fund managed by Ab Bond Fund, Inc., categorised as Intermediate Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Ab Bond Fund, Inc.
- Category: Intermediate Corporate Bond
- Assets under management: $69.12M
- 1-year return: -4.3%
- SEC CIK: 0000003794
- SEC series ID: S000045256
- Share class ID: C000140942
C000140942 Investment Objective and Strategy
AB FlexFee High Yield Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Ab Bond Fund, Inc..
Investment objective
The Fund’s investment objective is to seek to maximize total return consistent with prudent investment management.
Principal investment strategy
At least 80% of the Funds net assets will under normal circumstances be invested in fixed-income securities rated Ba1 or lower by Moodys Investors Service (Moodys) or BB+ or lower by S&P Global Ratings (S&P) or Fitch Ratings (Fitch) (commonly known as junk bonds), unrated securities considered by the Adviser to be of comparable quality, and related derivatives. The Fund may invest in fixed-income securities with a range of maturities from short- to long-term. The Fund may also invest in equity securities. In selecting securities for purchase or sale by the Fund, the Adviser attempts to take advantage of inefficiencies that it believes exist in the global debt markets. These inefficiencies arise from investor behavior, market complexity, and the investment limitations to which investors are subject.
The Adviser combines quantitative analysis with fundamental credit and economic research in seeking to exploit these inefficiencies. The Fund will most often invest in securities of U.S. issuers, but may also purchase fixed-income securities of foreign issuers, including securities denominated in foreign currencies and securities of emerging market issuers. The Adviser may or may not hedge any foreign currency exposure through the use of currency-related derivatives. The Fund expects to use derivatives, such as options, futures contracts, forwards and swaps, to a significant extent. Derivatives may provide a more efficient and economical exposure to market segments than direct investments, and may also be a more efficient way to alter the Funds exposure. The Fund may, for example, use credit default and interest rate swaps to gain exposure to the fixed-income markets or particular fixed-income securities and, as noted above, may use currency-related derivatives.
The Adviser may use derivatives to effectively leverage the Fund by creating aggregate market exposure substantially in excess of the Funds net assets.
C000140942 Holdings
Top 10 holdings of AB FlexFee High Yield Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Alliance Bernstein | 8.03% |
| United States Treasury | 2.29% |
| United States Treasury | 2.09% |
| United States Treasury | 0.77% |
| Sprint Capital Corp | 0.63% |
| Chs/community Health Sys | 0.57% |
| Scil Iv LLC / Scil USA H | 0.57% |
| Cco Hldgs Llc/cap Corp. | 0.54% |
| Specialty Building Produ | 0.52% |
| Santander UK Group Hldgs | 0.52% |
C000140942 Portfolio Allocation
Asset-class allocation of AB FlexFee High Yield Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 87.4% |
| Cash & Equivalents | 8.0% |
| Loans | 3.3% |
| Equity | 0.7% |
| Real Estate | 0.2% |
| Securitized | 0.1% |
C000140942 Performance
Total returns for C000140942 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -4.3% |
| 3 years (annualised) | -2.9% |
C000140942 Risk Information
Risk metrics for C000140942, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 13.1%
C000140942 Costs and Fees
C000140942 costs about $60 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.60%
- Gross expense ratio: 1.27%
- Portfolio turnover: 48%
- Brokerage commissions: 0.08 bps of average net assets (SEC N-CEN)
C000140942 Cashflows
Over the 12 months to 2023-04, AB FlexFee High Yield Portfolio had net inflows of $14.15M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-04 | $878.40K |
| 2023-03 | $1.79M |
| 2023-02 | −$2.29M |
| 2023-01 | $2.57M |
| 2022-12 | $2.21M |
| 2022-11 | −$5.28M |
C000140942 Debt Constituents
Largest debt holdings of AB FlexFee High Yield Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Treasury | 2.29% |
| United States Treasury | 2.09% |
| United States Treasury | 0.77% |
| Sprint Capital Corp | 0.63% |
| Chs/community Health Sys | 0.57% |
| Scil Iv LLC / Scil USA H | 0.57% |
| Cco Hldgs Llc/cap Corp. | 0.54% |
| Specialty Building Produ | 0.52% |
| Santander UK Group Hldgs | 0.52% |
| Intesa Sanpaolo Spa | 0.52% |
C000140942 Prospectus and SEC Filings
Official AB FlexFee High Yield Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-01-30
- Prospectus supplement (497) — filed 2022-02-02
- Prospectus supplement (497) — filed 2021-04-30
- Portfolio holdings (N-PORT) — filed 2023-06-26
- Portfolio holdings (N-PORT) — filed 2023-03-28
- Portfolio holdings (N-PORT) — filed 2022-12-23
- Annual census (N-CEN) — filed 2023-01-09
- Annual census (N-CEN) — filed 2022-01-13
Related Funds
Other Intermediate Corporate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.