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Fund Code: AGGCC
AB FCP I - Global High Yield Portfolio (Class AT / Cash) - CNH H       
Risk Level: 3
Offering Document: 
Investment Objective
The investment objective of the Portfolio is to produce high current income as well as overall total return. In seeking to achieve this objective, the Portfolio will invest primarily, and at any time at least two-thirds of its assets in, a portfolio of high yielding debt securities of issuers located throughout the world, including U.S. issuers and issuers in emerging market countries.
Investment Strategy
HSBC investment category:
High Yield Bond
Investment type:
Fixed Income
Investment style:
Fixed Income
Interest rate sensitivity:
Investment instrument:
Stock, Bond, Cash, Other
Investment style is only applicable for funds that invest in equities. Interest rate sensitivity is only applicable for funds that invest in fixed income product.
Fund Portfolio
(as of 31-12-2021)
Asset allocation
Bond holdings sector allocation
Top 5 bond holdings country exposure
Country exposure %
United States 62.70
United Kingdom 3.27
Brazil 2.67
Canada 2.48
Mexico 1.65
Top 10 holdings
Holding % of net asset
United States Treasury Bonds 6% 1.80
Top 10 underlying holdings
% of asset in Top 10 holdings -
AB Em Mkt Lcl Ccy Dbt ZT 1.03
Top 10 underlying holdings
Holding % of net asset
Thailand (Kingdom Of) 3.775% 5.81
IRS #514513 PAY FIXED 0.9760 .976% 23/03/2026 Pay 5.50
IRS #515829 REC FIXED 12.300 12.3% 02/01/2024 Receive 5.39
Russian Federation 7.05% 5.23
IRS #514515 REC FIXED 2.4710 2.471% 23/03/2026 Pay 5.08
IRS #515642 REC FIXED 9.7200 9.72% 02/01/2024 Receive 4.77
Secretaria Tesouro Nacional 0% 4.09
Mexico (United Mexican States) 10% 4.03
Chile (Republic of) 4% 3.97
Russian Federation 7.65% 3.95
% of asset in Top 10 holdings 47.81
AB Asia Income Opps ZT USD Inc 1.02
Top 10 underlying holdings
Holding % of net asset
Ultra US Treasury Bond Future Mar 22 4.03
2 Year Treasury Note Future Mar 22 3.06
US Treasury Bond Future Mar 22 2.71
Huarong Finance 2017 Co. Ltd 4.5% 2.29
Airport Authority Hong Kong 2.4% 1.51
ICBCIL Finance Company Limited 2.25% 1.40
China Development Bank Financial Leasing Co Limited 2.875% 1.38
Vedanta Resources Finance II PLC 13.875% 1.32
China Cinda Asset Management Co Ltd 4.40% PRF PERPETUAL CNY 100 1.24
Chinalco Capital Holdings Limited 4.1% 1.20
% of asset in Top 10 holdings 20.14
United States Treasury Bonds 6.75% 1.37
Top 10 underlying holdings
% of asset in Top 10 holdings -
United States Treasury Notes 0% 1.22
Top 10 underlying holdings
% of asset in Top 10 holdings -
AB Euro High Yield S Acc 1.00
Top 10 underlying holdings
Holding % of net asset
AB Financial Credit ZT USD Inc 3.19
Grifols Escrow Issuer S A U 3.875% 1.45
Intrum Ab 3% 1.34
Altice France S.A 5.875% 1.22
Lorca Telecom Bondco 4% 1.20
Elior Group 3.75% 0.98
Iqvia Inc 2.25% 0.89
Ziggo Bond Company B.V. 3.375% 0.86
Nidda Healthcare Holding GmbH 3.5% 0.84
Summer (BC) Holdco B S.a r.l. 5.75% 0.84
% of asset in Top 10 holdings 12.82
AB Financial Credit ZT USD Inc 0.77
Top 10 underlying holdings
Holding % of net asset
UBS Group Funding (Switzerland) AG 5% 6.13
Nationwide Building Society 5.75% 5.45
NatWest Group PLC 5.125% 5.21
Stichting AK Rabobank Certificaten 6.5% 4.90
JPMorgan Chase & Co DR 4.70
UniCredit S.p.A. 5.375% 4.67
ABN AMRO Bank N.V. 4.375% 4.04
Erste Group Bank AG 4.25% 3.91
Deutsche Bank AG 4.5% 3.74
Svenska Handelsbanken Ab (Publ) 4.75% 3.42
% of asset in Top 10 holdings 46.16
AB Mortgage Income SA USD Inc 0.73
Top 10 underlying holdings
Holding % of net asset
Federal National Mortgage Association 2.5% 1.10
Federal Home Loan Mortgage Corporation 4.5528% 0.92
Freddie Mac Stacr Remic Trust 1.8497% 0.84
Federal Home Loan Mortgage Corporation 2.069% 0.83
Federal National Mortgage Association 5.6028% 0.81
NEW MOUNTAIN CLO 2 LTD 1.3138% 0.79
Federal National Mortgage Association 10.8528% 0.76
Federal Home Loan Mortgage Corporation 3.6% 0.76
PIKES PEAK CLO 8 LLC 1.3215% 0.72
% of asset in Top 10 holdings 8.28
United States Treasury Bonds 1.375% 0.82
Top 10 underlying holdings
% of asset in Top 10 holdings -
United States Treasury Bonds 6.25% 0.59
Top 10 underlying holdings
% of asset in Top 10 holdings -
% of asset in Top 10 holdings 10.35
Fund Performance
(as of 31-12-2021)
Fund: AB FCP I - Global High Yield Portfolio (Class AT / Cash) - CNH H
Fund indexed performance (initial value =100%). Performance statistics are based on offer-bid prices of the fund with dividend reinvested, in fund class currency
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021
  • YTD
  • 10.57
  • -9.15
  • 7.73
  • -2.20
  • 0.10
  • 0.10
  • -
  • -
  • -
  • -
  • -
  • -
Fund Price Information
(as of 21-01-2022)
Fund price movement is calculated on Offer to Bid basis in fund class currency (CNY).
Indicative fund price:
  • NAV:
CNH 80.80
  • Bid:
  • Offer:
Change vs previous trading day:
52 week low-high:
CNH 80.50 - CNH 85.74
Fund price information is provided based on the latest fund trading date.
Dividend Information
(as of 31-12-2021)
Target distribution frequency:
Dividend yield:
Last dividend paid (per unit):
CNH 0.61
Last ex-dividend date:
Dividend yield is the dividend amount declared over the past twelve months as a percentage of the last month-end fund unit price, show in 2 decimal places. The amount of dividend may not be guaranteed by Fund House.
Yield And Credit Information
(as of 30-09-2021)
Average current yield:
Average yield to maturity:
Average duration:
4.23 years
Average credit quality:
Credit quality breakdown:
% %
AAA 9.24 BB 29.81
AA 0.23 B 28.01
A 0.55 Below B 11.38
BBB 15.01 Not Rated 5.77
Current yield refers to the annual interest of the bonds divided by the market price of a bond. Yield to maturity is the rate of return anticipated on a bond if it is held until the maturity date, assumed that all coupons are reinvested at the same rate. Duration is a measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. Credit quality is based on Standard and Poor’s classification.
Fund Statistic
(as of 31-12-2021)
Annualised return:
Standard deviation:
Sharpe ratio:
Fund statistics are calculated by using 3 years historical data, and are not calculated for fund which is less than 3 years old.
Fees and Charges
Initial charge:
Annual management fee (maximum):
Distribution fee:
Redemption fee:
Performance fee:
Highest contingent deferred sales charge:
Switching Fee:
The listed information may not cover all the fees and charges imposed on a fund. Please refer to the respective offering documents of the fund for details of relevant fees and charges.
Other Fund Information
Fund class currency:
Fund class inception date:
Fund share class size (Million):
CNH 270.67
(as of 31-12-2021)
Fund manager
(Start date):
DouglasJ. Peebles (22-09-1997)
GershonM. Distenfeld (22-09-1997)
MatthewS. Sheridan (31-01-2017)
Fund house:
AllianceBernstein (Luxembourg) S.à r.l.
Morningstar Rating:

Initial Investment Amount:
Other fund classes available with HSBC:
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Investment involves risk. Investments are not obligations of, deposits in, insured or guaranteed by HSBC Bank (Singapore) Limited. The information contained on this web site is intended for Singapore residents only and should not be construed as a distribution, an offer to sell, or a solicitation to buy any securities in any jurisdiction where such activities would be unlawful under the laws of such jurisdiction, in particular the United States of America and Canada. You should refer to the website disclaimers for further important details.

The Fund Risk Level stated in this website is determined according to the historical volatility of the fund or, where appropriate, the historical volatility of a comparable market index or comparable fund. You should refer to the detailed definition of fund risk level here.