AB HIGH INCOME FUND INC
Actively managed global bond fund
As of its 2026 Q2 report, AB HIGH INCOME FUND INC held 1,074 positions with $3.08B in net assets. Its ten largest holdings made up 5.9% of the fund. The AGDAX share class costs 0.86% a year. Over the 12 months to May 2026, AGDAX returned 7.8%, with dividends reinvested. In 2026 Q3 it added 108 new positions and exited 106.
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.
What you own
| Company | Weight | Value | Shares |
|---|---|---|---|
Alliance Bernstein | 1.44% | $44.35M | — |
1261229 BC LTD 10.00% · due 2032-04-15 | 0.59% | $18.15M | — |
DAVITA INC 4.63% · due 2030-06-01 | 0.59% | $18.03M | — |
CCO HLDGS LLC/CAP CORP 4.50% · due 2030-08-15 | 0.51% | $15.69M | — |
FIDEICOMISO PA PACIFICO 7.00% · due 2035-01-15 | 0.50% | $15.49M | — |
DISH DBS CORP 5.75% · due 2028-12-01 | 0.49% | $15.24M | — |
ADVANCE AUTO PARTS 7.00% · due 2030-08-01 | 0.49% | $15.07M | — |
AVIS BUDGET CAR/FINANCE 4.75% · due 2028-04-01 | 0.45% | $13.89M | — |
LIBERTY MUTUAL GROUP INC 7.80% · due 2037-03-15 | 0.45% | $13.82M | — |
TRANSDIGM INC 6.75% · due 2028-08-15 | 0.43% | $13.27M | — |
The 200 largest of 1,074 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| 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.
By sector
- Other
- 41.0%
- International
- 28.3%
- Government
- 5.6%
- Consumer Discretionary
- 5.4%
- 12 other sectors
- 19.7%
- Other
- 41.0%
- International
- 28.3%
- Government
- 5.6%
- Consumer Discretionary
- 5.4%
- Financials
- 3.4%
- Health Care
- 3.2%
- Industrials
- 2.8%
- Communication Services
- 2.7%
- Securitized
- 1.7%
- Materials
- 1.4%
- Utilities
- 1.3%
- Energy
- 1.2%
- Information Technology
- 1.0%
- Consumer Staples
- 0.7%
- Real Estate
- 0.2%
- Cash
- 0.1%
How it has done
AGDAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 3.09%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 7 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.86% | +7.79% | +32.60% | +23.66% | -2.08% | |
| 1.61% | +6.74% | +29.20% | +18.58% | -2.19% | |
| 0.61% | +8.05% | +33.51% | +25.12% | -2.04% | |
| — | — | — | — | — | |
| — | — | — | — | — | |
| 0.66% | +7.82% | +33.19% | +24.77% | -2.20% | |
| 0.56% | +7.97% | +33.54% | +25.35% | -2.18% |
Fees & fund details
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
- Expense ratio, by class
- 0.56% – 1.61%· AGDAX 0.86%
- Portfolio turnover
- 55.00% a year · as of 2026 Q1
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
108 new· the largest 8
106 exited· the largest 8
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.
A newer credit-spread reading (2026Q3) is on file. This page holds one quarter across every figure on it, so that one appears here next quarter.
Understand how this fund fits with the rest.
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