AB High Income Advisor Fund (AGDYX) a Zacks Rank #1 (Strong Buy) was formerly known as Alliance Global Dollar Government Fund. AGDYX was incepted in February 1994 and is managed by Alliance Capital Management. The objective of AGDYX is to seek primarily a high level of current income and, secondarily, capital appreciation. AGDYX invests in sovereign debt obligations of developing countries and in U.S. and non-U.S. corporate fixed-income securities. Substantially all of the fund'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. AGDYX pursues an aggressive investment strategy.
The AB High Income Advisor fund, managed by AllianceBern, carries an expense ratio of 0.58%. Moreover, AGDYX requires a minimal initial investment of $0.
AGDYX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 2.74% and 5 year 4.15%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
AGDYX’s performance, as of the last filing, when compared to funds in its category was in the top 10% in 1 year, top 51% over the past 3 years, and in the 58% over the past 5 years.
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Zacks Investment Research