AB HIGH INCOME FUND INC
AB HIGH INCOME FUND INC · 5 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
AB HIGH INCOME FUND INC is an actively managed global bond fund.
- Asset class
- Bonds
- Region
- Global
- Management
- Actively managed
- Fund type
- Open-end fund
- Credit quality
- High yield
- Rate sensitivity
- Intermediate duration
Fund profile
As filed in the prospectus · 2026 Q1
The Funds investment objective is to seek to maximize total returns from price appreciation and income.
The fund selects fixed-income securities across government, corporate, emerging market, and high-yield sources, assessing each security's risk and return characteristics and its impact on the overall portfolio. The adviser considers credit quality, interest-rate sensitivity, and maturity range, with flexibility to invest substantially all assets in lower-rated securities rated C or CCC+ and below. The fund may use leverage, short sales, and derivatives including reverse repurchase agreements and dollar rolls to pursue its objective.
| Share class | Gross | Net |
|---|---|---|
| AGDAX | 0.86% | 0.86% |
| AGDCX | 1.61% | 1.61% |
| AGDYX | 0.61% | 0.61% |
| AGDIX | 0.66% | 0.66% |
| AGDZX | 0.57% | 0.56% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 55.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 89.40% |
| Loans | 6.74% |
| Securitized | 1.44% |
| Stocks | 0.70% |
| 2 smaller | 0.53% |
Derivatives are shown at market value, not notional exposure.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Other | 38.7% |
| International | 28.6% |
| Government | 5.7% |
| Consumer Discretionary | 5.2% |
| 12 smaller | 21.8% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: Hub International Limited, Barclays Bank PLC, SHORT TERM CONSUMER, MERIDIAN ARC HOLDCO LLC, RD MICHIGAN PROP OWNER I, NEXSTAR MEDIA INC, Crown Subsea Communications Holding, Inc., SWORD PURCHASER LLC
Largest exited: MILLENNIUM ESCROW CORP, MEDLINE BORROWER LP, Bank of New York Mellon, Neptune BidCo US Inc., VENTURE GLOBAL LNG INC, Crown Subsea Communications Holding, Inc., KODIAK GAS SERVICES LLC, Third Coast Infrastructure, LLC
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +8.79% | +30.88% | +23.57% | 3.24% | -2.08% | |
| +8.02% | +27.71% | +18.66% | 3.14% | -2.19% | |
| +9.05% | +31.78% | +25.04% | 3.24% | -2.04% | |
| — | — | — | — | — | |
| — | — | — | — | — | |
| +8.79% | +31.44% | +24.68% | 3.16% | -2.20% | |
| +8.95% | +31.79% | +25.42% | 3.17% | -2.18% |
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 91.3% |
| Floating rate | 8.3% |
| Zero-coupon or unclassified | 0.4% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 2.8% |
| 1-3y | 24.3% |
| 3-5y | 32.9% |
| 5-10y | 33.1% |
| 10y+ | 6.9% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
More of this fund’s sensitivity sits in credit spreads than in interest rates — a rate rally that comes with a credit selloff works against it.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Credit spreads | 52% |
| Interest rates | 48% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| High yield | +2.75 yr |
| Investment grade | +0.58 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.03 yr | 1% |
| 1 yr | 0.87 yr | 29% |
| 5 yr | 1.56 yr | 51% |
| 10 yr | 0.48 yr | 16% |
| 30 yr | 0.11 yr | 4% |
| 3 mo | 0.04 yr | 1% |
| 1 yr | 0.81 yr | 24% |
| 5 yr | 1.74 yr | 52% |
| 10 yr | 0.64 yr | 19% |
| 30 yr | 0.10 yr | 3% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.03 | +0.00 | +0.03 | $521 | $10.5k |
| 1 yr | +0.87 | +0.05 | +0.76 | $16.0k | $234.1k |
| 5 yr | +1.56 | +0.23 | +1.51 | $70.9k | $464.4k |
| 10 yr | +0.48 | +0.23 | +0.41 | $71.0k | $124.8k |
| 30 yr | +0.11 | +0.06 | +0.04 | $19.8k | $12.2k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Duration contribution in years, summing to the fund's 3.05 yr.
This is where the fund's rate exposure sits, not its currency risk — most international bond funds hedge the currency back to dollars, and the size of those hedges is not in the filing. Tenors are also summed across curves, so a 5-year JPY point and a 5-year USD point are added together.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | Alliance Bernstein | 1.44% | $44.35M | — |
| — | 1261229 BC LTD10.00% · due 2032-04-15 | 0.59% | $18.15M | — |
| — | DAVITA INC4.63% · due 2030-06-01 | 0.59% | $18.03M | — |
| — | CCO HLDGS LLC/CAP CORP4.50% · due 2030-08-15 | 0.51% | $15.69M | — |
| — | FIDEICOMISO PA PACIFICO7.00% · due 2035-01-15 | 0.50% | $15.49M | — |
| — | DISH DBS CORP5.75% · due 2028-12-01 | 0.49% | $15.24M | — |
| — | ADVANCE AUTO PARTS7.00% · due 2030-08-01 | 0.49% | $15.07M | — |
| — | AVIS BUDGET CAR/FINANCE4.75% · due 2028-04-01 | 0.45% | $13.89M | — |
| — | LIBERTY MUTUAL GROUP INC7.80% · due 2037-03-15 | 0.45% | $13.82M | — |
| — | TRANSDIGM INC6.75% · due 2028-08-15 | 0.43% | $13.27M | — |
Top 10 positions are 5.95% of net assets, top 25 11.34%, across 682 issuers.
See more of this fund's book
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