Fact sheet: AB UnconstrBdPfl

Fund information
Fund name
AB Unconstrained Bond Portfolio A2 USD
Fund manager company
AllianceBernstein (LUX) S.A
Fund type
Offshore Fund
Fund managers
  • Dimitri Silvasince 12/08/2013
  • Michael Monsince 11/09/2013
  • John Taylorsince 12/08/2013
Fund objective
Seeks to maximize long-term risk-adjusted returns by dynamically investing across a broad range of global fixed-income sectors and derivatives,Adopting an unconstrained, absolute return strategy,Balancing exposures to global governments/ treasuries and credit while adding opportunistic investments and managing volatility with the goal to avoid large drawdowns.
Benchmark
  • 1 month USD LIBOR
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
-
1 Year rank in sector
-
Sector
FO Fixed Int - Global
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.5%
Fund size
£11m (£11m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
19
Top in this sector
Fund name1 Year
LM WAHiYcrEn80.4%
Franklin Gbl HiInc Bd23.4%
CG Real Return22.3%
LM WAShtDurHiInBd19.8%
Natixis H2O Multibonds19.7%
...more in FO Fixed Int - Global

Performance snapshot

Holdings snapshot

  • USA42%
    Money Market40.9%
    Japan11.3%
    Germany2.2%
    Canada2%
  • Cash & Cash Equivalents34.4%
    Derivatives27.4%
    Non Investment Grade Bonds16%
    Mortgage & Secured Bonds13.6%
    Government Bonds8.7%
  • US Fixed Interest42%
    Money Market40.9%
    Japanese Fixed Interest11.3%
    German Fixed Interest2.2%
    Canadian Fixed Interest2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund------
Sector0.3%1.1%-0.9%6%6.3%11.6%
Rank within sector------
Quartile
Calendar performance
 YTD - 20172016201520142013
Fund-----
Sector0.7%4.6%-1.6%3.7%-1.6%
Rank within sector-----
Quartile
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
-
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
-
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
-
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
-
Price movement
52 week high15.55
52 week low14.9
Current bid price-
Current offer price-
Current mid price15.5
Region
1USA41.98%
2Money Market40.92%
3Japan11.29%
4Germany2.16%
5Canada2%
6Australia1.65%
Industry sector
1Cash & Cash Equivalents34.39%
2Derivatives27.42%
3Non Investment Grade Bonds15.97%
4Mortgage & Secured Bonds13.57%
5Government Bonds8.65%
Asset type
1US Fixed Interest41.98%
2Money Market40.92%
3Japanese Fixed Interest11.29%
4German Fixed Interest2.16%
5Canadian Fixed Interest2%
6Australian Fixed Interest1.65%
Individual holdings
1UNITED STATES OF AMER TREAS NOTES 1.375% TB 30/04/21 USD1007.85%
2US TREASURY NOTES 1.625% 15/05/264.08%
3US TREASURY NOTES 1.75%. 3/31/223.7%
4AUSTRALIAN GOVT LOANS(CMNWLTH OF) 5.75% LN STK 15/05/21 AUD1003.62%
5UNITED STATES OF AMER TREAS BONDS 1.5% BDS 15/08/26 USD10002.5%
6CANADA(GOVT OF) 1.5% BDS 01/06/23 CAD10002.24%
7CREDIT SUISSE/GUERNSEY 1.595%. 5/15/172.14%
8BRAZIL NOTAS DO TESOURO NACL 10.00%. 1/01/272.13%
9FNMA 1.875%. 9/24/262.13%
Management
Fund manager group
AllianceBernstein
Fund manager company
AllianceBernstein (LUX) S.A
Fund type
Offshore Fund
Fund objective
Seeks to maximize long-term risk-adjusted returns by dynamically investing across a broad range of global fixed-income sectors and derivatives,Adopting an unconstrained, absolute return strategy,Balancing exposures to global governments/ treasuries and credit while adding opportunistic investments and managing volatility with the goal to avoid large drawdowns.
Benchmark
  • 1 month USD LIBOR
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Dimitri Silva12/08/2013
Michael Mon11/09/2013
John Taylor12/08/2013John Taylor currently serves as a vice president and as a member of the Global Fixed Income and Emerging-Market Debt teams. He has been with AllianceBernstein for thirteen years.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Switzerland, United Kingdom, Luxembourg, Offshore
AB Unconstrained Bond Portfolio A2 USD
Initial charge6.25%
Annual charge1.1%
Min single investment£2,000
Min regular saving£750
Available in ISANo
Ongoing charge (OCF)1.5%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price15.5
CurrencyUSD
Price updated17/02/2017
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFKKP
AB Unconstrained Bond Portfolio I2 USD
Initial charge1.5%
Annual charge0.55%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price15.8
CurrencyUSD
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFMJK
AB Unconstrained Bond Portfolio I2H GBP
Initial charge1.5%
Annual charge0.55%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.95%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price15.76
CurrencyGBP
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFSLR
AB Unconstrained Bond Portfolio S USD
Initial charge-
Annual charge-
Min single investment£25,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.15%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price16.24
CurrencyUSD
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFMJL
AB Unconstrained Bond Portfolio S1 USD
Initial charge-
Annual charge0.45%
Min single investment£25,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.6%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price15.99
CurrencyUSD
Price updated17/02/2017
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFMJM
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