Investment objective & strategy
As of Jan. 29, 2025 · prospectusObjective. The Funds investment objective is to maximize long-term total return without assuming what the Adviser considers undue risk.
Strategy. The Fund invests, under normal circumstances, at least 80% of its net assets in fixed-income securities. The Fund expects to invest in readily marketable fixed-income securities with a range of maturities from short- to long-term and relatively attractive yields that do not involve undue risk of loss of capital. The Fund may invest up to 25% of its net assets in below investment grade bonds. The Fund may use leverage for investment purposes. The Fund may invest without limit in U.S. Dollar-denominated foreign fixed-income securities and may invest up to 25% of its assets in non-U.S. Dollar-denominated foreign fixed-income securities. These investments may include, in each case, developed and emerging market debt securities. The Adviser selects securities for purchase or … The Fund invests, under normal circumstances, at least 80% of its net assets in fixed-income securities. The Fund expects to invest in readily marketable fixed-income securities with a range of maturities from short- to long-term and relatively attractive yields that do not involve undue risk of loss of capital. The Fund may invest up to 25% of its net assets in below investment grade bonds. The Fund may use leverage for investment purposes. The Fund may invest without limit in U.S. Dollar-denominated foreign fixed-income securities and may invest up to 25% of its assets in non-U.S. Dollar-denominated foreign fixed-income securities. These investments may include, in each case, developed and emerging market debt securities. The Adviser selects securities for purchase or sale based on its assessment of the securities risk and return characteristics as well as the securities impact on the overall risk and return characteristics of the Fund. In making this assessment, the Adviser takes into account various factors, including the credit quality and sensitivity to interest rates of the securities under consideration and of the Funds other holdings. The Fund may invest in mortgage-related and other asset-backed securities, loan participations and assignments, inflation-indexed securities, variable, floating, and inverse floating-rate instruments and preferred stock, and may use other investment techniques. The Fund intends, among other things, to enter into transactions such as reverse repurchase agreements and dollar rolls. The Fund may invest in derivatives, such as options, futures contracts, forwards, or swaps.
Top holdings
As of Jan. 31, 2025 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| AB Fixed Income Shares, Inc. - Government Money Market Portfolio | — | $8.51M | 6.07% |
| US TREASURY N/B | — | $4.52M | 3.22% |
| US TREASURY N/B | — | $4.01M | 2.86% |
| US TREASURY N/B | — | $3.70M | 2.64% |
| U.S. Treasury Bills | — | $3.62M | 2.58% |
| U.S. T BILLS | — | $3.50M | 2.50% |
| US TREASURY N/B | — | $3.13M | 2.23% |
| US TREASURY N/B | — | $2.72M | 1.94% |
| U.S. TREASURY INFLATION-PROTECTED SECURITIES .25% 07/15/29 | TII | $2.45M | 1.74% |
| US TREASURY N/B | — | $1.79M | 1.27% |
Portfolio moves
Oct 31, 2024 → Jan 31, 2025How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Parnassus Fixed Income Fund · PRFIX, PFPLX | 6% | 0.39% |
| AB Arizona Portfolio · AAZAX, AAZBX, AAZCX, AAZYX | 6% | 0.53% |
| AB New Jersey Portfolio · ANJAX, ANJBX, ANJCX | 6% | 0.82% |
Advisers
| Firm | Role |
|---|---|
| AllianceBernstein L.P. | Adviser |
Footnotes
- Expense ratio as of January 29, 2025, from the fund's prospectus.
- Net assets and holdings count as of January 31, 2025, from the fund's N-PORT filing.
- Total return for calendar year 2024, before tax and after fund expenses. As reported in the fund's prospectus performance bar chart.
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