AKGAX

About AKGAX

AB Income Fund Class A is a diversified mutual fund focusing on fixed-income investments, managed by AllianceBernstein. Its primary objective is to provide high current income while preserving capital by investing predominantly in a mix of U.S. and foreign government securities, corporate bonds, and mortgage-backed securities. The fund uses an actively managed, risk-weighted barbell strategy that balances interest-rate and credit risk across both investment-grade and select below-investment-grade bonds, with flexibility to hold up to 35% in high-yield assets. This approach allows the fund to adapt dynamically to changing market conditions, aiming for efficient income generation and mitigation of large drawdowns. AB Income Fund Class A falls within the intermediate core-plus bond category, offering moderate credit quality and interest rate sensitivity, with an effective duration around 6.15 years. Its portfolio is notably concentrated, with a significant portion of assets allocated to U.S. Treasury instruments and agency securities, reflecting its role as a core bond holding suitable for investors seeking income and stability within diversified portfolios.