AB Global High Income - Managed Fund (Closed)

Fund Objective

The Fund aims to achieve income returns in excess of the Australian cash rate after fees over the cycle.

Fund Strategy

The Fund will aim to achieve its objective by investing in an Australian dollar currency hedged share class of the Global High Yield Portfolio of the AB FCP I mutual fund domiciled in Luxembourg (Luxembourg Fund). By investing in the Luxembourg Fund, the Fund will at any time have exposure to a portfolio of at least two-thirds higher risk lower rated (below investment grade) debt and fixed income securities and some higher rated investment grade debt and fixed income securities that are expected to generate desirable returns.

Fund Performance Comparison

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Peers

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The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.

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Fees Comparison

% p.a.

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	-1.05%	-1.21%	-1.42%	-1.19%	3.7%	5.9%	-%	-%
Growth return	-1.05%	-2.39%	-6.07%	-9.08%	-%	-1.55%	-%	-%
Income return	0%	1.18%	4.65%	7.89%	-%	7.45%	-%	-%
Market index (Bloomberg AusBond Bank 0+Y TR AUD)
Total return	0.37%	1.12%	2.23%	4.45%	4.05%	2.94%	1.87%	1.92%

As at 31 Oct 2018. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

AB Global High Income

Australian Equities: 0%

International Equities: 5.54%

Cash: 2.88%

Fixed Interest: 109.69%

Alternatives: -18.12%

Average Allocation of Peers

Australian Equities: 0.39%

International Equities: 0.05%

Cash: 26.01%

Fixed Interest: 73.53%

Alternatives: 0.03%

General Information

Fund Details

Type	Description
Fund Name	AB Global High Income
Fund Status	Closed
Responsible Entity	AllianceBernstein Investment Management
APIR Code	ACM0004AU
Sector/Asset Class	Non Investment Grade Debt
Morningstar Rating	(as at 31 Oct 2018)
Legal Structure	Investment Fund
Fund Inception	31 Jan 2014
Fund Size	$0.84 million (as at 12 Nov 2018)
Entry Price	$0.8681 (as at 12 Nov 2018)
Exit Price	$0.8671 (as at 12 Nov 2018)
Fund Status	Finalised

Offer information

Type	Description
Indirect Cost Ratio (ICR)	0.94% (as at 30 Jun 2016)
Minimum initial investment	$25,000
Minimum additional investments	$5,000.00

Top 10 holdings (as at 30 Sep 2018)

Holding (as at 30 Sep 2018)	Type	% of Portfolio
Do Not Use :ai28581:us 10yr No Te (Cbt) Fut (Unknown) % 12/19/2018	Bond - Treasury Future	6.47%
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FAQs about the AB Global High Income

What is the objective of the AB Global High Income managed fund?

The objective of the AB Global High Income managed fund is The Fund aims to achieve income returns in excess of the Australian cash rate after fees over the cycle.

What is the strategy for the AB Global High Income managed fund?

The strategy of the AB Global High Income managed fund is The Fund will aim to achieve its objective by investing in an Australian dollar currency hedged share class of the Global High Yield Portfolio of the AB FCP I mutual fund domiciled in Luxembourg (Luxembourg Fund). By investing in the Luxembourg Fund, the Fund will at any time have exposure to a portfolio of at least two-thirds higher risk lower rated (below investment grade) debt and fixed income securities and some higher rated investment grade debt and fixed income securities that are expected to generate desirable returns.

What is the APIR code of the AB Global High Income managed fund?

The APIR code of the AB Global High Income managed fund is ACM0004AU.

What was AB Global High Income’s total return last month?

AB Global High Income’s total return last month was -1.05%. This was made up of a growth return of -1.05% and an income return of 0%. These returns were calculated as at 31 Oct 2018.

What was AB Global High Income’s total return for the last three months?

AB Global High Income’s total return for the last three months was -1.21%. This was made up of a growth return of -2.39% and an income return of 1.18%%. These returns were calculated as at 31 Oct 2018.

What is AB Global High Income’s one-year total return?

AB Global High Income’s one-year total return is -1.19%. This was made up of a growth return of -9.08% and an income return of 7.89%. These returns were calculated as at 31 Oct 2018.

What is AB Global High Income’s three-year total return?

AB Global High Income’s one-year total return is 5.9%. This was made up of a growth return of -1.55% and an income return of 7.45%. These returns were calculated as at 31 Oct 2018.

What is the asset allocation of the AB Global High Income managed fund?

The asset allocation of the AB Global High Income managed fund is :

Australian Equities: 0%

International Equities: 5.54%

Cash: 2.88%

Fixed Interest: 109.69%

Alternatives: -18.12%

Who is the responsible Entity of the AB Global High Income managed fund?

The Responsible Entity for the AB Global High Income managed fund is AllianceBernstein Investment Management.

What sector/asset class does the AB Global High Income managed fund belong to?

The AB Global High Income managed fund belongs to the Non Investment Grade Debt sector/asset class.

What is the size of the AB Global High Income managed fund?

As at 12 Nov 2018, the size of the AB Global High Income managed fund was $0.84 million.

What is the inception date of the AB Global High Income managed fund?

The AB Global High Income managed fund has an inception date of 31 Jan 2014.

What is the current entry price of the AB Global High Income managed fund?

The current entry price of the AB Global High Income managed fund is $0.8681 per unit and the current exit price is $0.8671 per unit (as at 12 Nov 2018).

What is the current exit price of the AB Global High Income managed fund?

The current exit price of the AB Global High Income managed fund is $0.8671 per unit and the current entry price is $0.8681 per unit (as at 12 Nov 2018).

What is the minimum investment amount for the AB Global High Income managed fund?

The minimum initial investment amount for the AB Global High Income managed fund is $25,000. Minimum additional investment is $5000.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.

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