Investment objective & strategy
As of Aug. 27, 2025 · prospectusObjective. The investment objective of the Fund is to earn high current income.
Strategy. The Fund invests, under normal circumstances, at least 80% of its net assets in U.S. corporate bonds. The Fund may also invest in U.S. Government securities (other than U.S. Government securities that are mortgage-backed or asset-backed securities), repurchase agreements and forward contracts relating to U.S. Government securities. The Fund normally invests all of its assets in securities that are rated, at the time of purchase, at least BBB- or the equivalent by any nationally recognized statistical rating organization. The Fund will not invest in unrated corporate debt securities. The Fund has the flexibility to invest in long- and short-term fixed-income securities. In making decisions about whether to buy or sell securities, the Adviser will consider, among other things, the strength … The Fund invests, under normal circumstances, at least 80% of its net assets in U.S. corporate bonds. The Fund may also invest in U.S. Government securities (other than U.S. Government securities that are mortgage-backed or asset-backed securities), repurchase agreements and forward contracts relating to U.S. Government securities. The Fund normally invests all of its assets in securities that are rated, at the time of purchase, at least BBB- or the equivalent by any nationally recognized statistical rating organization. The Fund will not invest in unrated corporate debt securities. The Fund has the flexibility to invest in long- and short-term fixed-income securities. In making decisions about whether to buy or sell securities, the Adviser will consider, among other things, the strength of certain sectors of the fixed-income market relative to others, interest rates and other general market conditions and the credit quality of individual issuers. The Fund also may: invest in convertible debt securities; invest up to 10% of its assets in inflation-indexed securities; invest up to 5% of its net assets in preferred stock; purchase and sell interest rate futures contracts and options; enter into swap transactions; invest in zero-coupon securities and payment-in-kind debentures; make secured loans of portfolio securities; and invest in U.S. Dollar-denominated fixed-income securities issued by non-U.S. companies.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| BARCLAYS PLC | — | $2.35M | 1.35% |
| ALTRIA GROUP INC | — | $1.53M | 0.88% |
| FIRSTENERGY TRANSMISSION SR UNSECURED 144A 09/28 2.866 | — | $1.47M | 0.85% |
| DEUTSCHE BANK NY | — | $1.42M | 0.82% |
| MIDAMERICAN ENER | — | $1.41M | 0.81% |
| ARCHER-DANIELS | — | $1.35M | 0.78% |
| FORD MOTOR CO | — | $1.34M | 0.77% |
| ANALOG DEVICES | — | $1.29M | 0.75% |
| GE CAP FUNDING | — | $1.27M | 0.73% |
| SIMON PROP GP LP | — | $1.26M | 0.72% |
Portfolio moves
Oct 31, 2025 → Jan 31, 2026How 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. |
|---|---|---|
| AB Sustainable Thematic Credit Portfolio · STHYX, STHAX | 27% | 0.60% |
| AB Taxable Multi-Sector Income Shares · CSHTX | 10% | 0.00% |
| AB Short Duration Income ETF | 8% | 0.30% |
Advisers
| Firm | Role |
|---|---|
| AllianceBernstein L.P. | Adviser |
Footnotes
- Expense ratio as of August 27, 2025, from the fund's prospectus.
- Net assets and holdings count as of January 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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