||The Portfolio seeks to provide a high level of current income with the potential for capital appreciation by investing in a diversified portfolio of U.S. dollar-denominated fixed income securities.
||Diversified Yield is a global, multisector, absolute-return fixed-income strategy with a dynamic approach to risk taking. It invests in sovereign and agency debt; residential and commercial mortgage-backed securities; asset-backed securities; investment-grade and high-yield corporate bonds and bank loans; emerging-market debt; and derivatives. Our goal is to outperform short-term money market rates, as measured by three-month LIBOR, by 200 to 300 basis points annually before fees over full market cycles.
||Emerging-Market Debt is an actively managed fixed-income strategy that invests broadly in sovereign and quasi-sovereign bonds (in both hard and local currencies), corporate emerging-market debt, and emerging-market currencies. The strategy’s objective is to outperform the J.P. Morgan EMBI Global (or other broad, diversified emerging-market–debt index) by 200 to 300 basis points annually, before fees, over full market cycles, with a tracking error to benchmark of between 300 and 500 basis points annually. This strategy is available via separate accounts or through the ACMBernstein Emerging Markets Debt Portfolio, a Luxembourg-domiciled UCITS fund designed for non-US investors.
|European High Yield
||The AllianceBernstein Euro High Yield Portfolio is a Luxembourg domiciled, UCITS-compliant SICAV. The Portfolio seeks to produce high total return through a combination of income and capital appreciation by investing primarily in Euro-denominated high yield corporate bonds of issuers in developed markets, emerging market sovereign debt (both Euro-denominated and local currency) and emerging market corporate debt. Additionally, the Portfolio can invest in investment grade corporate debt, credit default swaps, options, preferreds, convertibles, and other securities with similar yields. The Portfolio seeks to meet its objective through top down and bottom up credit decisions derived from combining quantitative and fundamental analysis.
||The AllianceBernstein European Income Portfolio is a Luxembourg domiciled UCITS-compliant FCP. The Portfolio seeks high current income with the potential for capital appreciation by investing in a diversified portfolio of Euro- or European currency-denominated investment grade and non-investment grade fixed income securities. This Portfolio implements a dynamic, multi-sector approach, investing very broadly across regions (Euro and non-Euro), issuer types (government and corporate), and credit qualities (investment grade and non-investment grade). The Portfolio is designed as an all-weather Euro-denominated Portfolio.
|Global-Plus Fixed Income
||Global-Plus Fixed Income is an actively managed global bond strategy that invests broadly in the sovereign debt of developed nations, investment-grade credits, agencies, mortgages, commercial mortgage-backed securities and asset-backed securities. Additionally, the strategy takes opportunistic positions in high-yield and emerging-market debt.
||Global Credit is an actively managed global bond strategy with a research-driven investment approach. This service invests primarily in investment-grade credits and takes opportunistic positions in convertible securities, the sovereign debt of developed nations, agency bonds, asset-backed securities, and high-yield and emerging-market debt, where permitted by client guidelines. The strategy’s goal is to outperform the Barclays Global Aggregate–Credit Index by 100 to 150 basis points annually, before fees, over full market cycles.