AB SICAV I Sustainable Euro High Yield Portfolio Class A2
LU0496384180
AB SICAV I Sustainable Euro High Yield Portfolio Class A2/ LU0496384180 /
NAV6/13/2024 |
Chg.+0.0100 |
Type of yield |
Investment Focus |
Investment company |
27.1200EUR |
+0.04% |
reinvestment |
Bonds
Worldwide
|
AllianceBernstein LU ▶ |
Investment strategy
The Portfolio seeks to increase the value of your investment over time through total return, using a combination of income and capital growth through sustainable investments. Under normal market conditions, the Portfolio typically invests at least 80% of its assets in debt securities, including sovereign debt, of issuers that the Investment Manager believes are positively aligned with sustainable investment themes and at least 70% of its assets in debt securities that are rated below Investment Grade.
These securities are from issuers that are organised, have substantial business activities, or are impacted by developments, in Europe. These securities may be from issuers anywhere in the world, including emerging market countries. The Investment Manager invests in securities that it believes are positively exposed to environmentally- or socially-oriented sustainable investment themes derived from the UN Sustainable Development Goals (UN SDGs). The Portfolio may invest in, or be exposed up to (i) 20% in emerging market sovereign debt securities (ii) 20% in structured products such as asset-backed and mortgage-backed securities and (iii) 10% in contingent convertible bonds (CoCos). The Investment Manager emphasises positive selection criteria, in particular by analysing the exposure to environmental, social and governance (ESG) factors of each security or issuer, over broad-based negative screens in assessing an issuer's exposure to such ESG factors. The Portfolio's exposure to ESG bond structures is at least 15%.
Investment goal
The Portfolio seeks to increase the value of your investment over time through total return, using a combination of income and capital growth through sustainable investments. Under normal market conditions, the Portfolio typically invests at least 80% of its assets in debt securities, including sovereign debt, of issuers that the Investment Manager believes are positively aligned with sustainable investment themes and at least 70% of its assets in debt securities that are rated below Investment Grade.
Master data
Type of yield: |
reinvestment |
Funds Category: |
Bonds |
Region: |
Worldwide |
Branch: |
Corporate Bonds |
Benchmark: |
Bloomberg Euro High Yield 2% Issuer Constrained Index |
Business year start: |
6/1 |
Last Distribution: |
- |
Depository bank: |
Brown Brothers Harriman (Luxembourg) S.C.A. |
Fund domicile: |
Luxembourg |
Distribution permission: |
Austria, Germany, Switzerland, United Kingdom |
Fund manager: |
Gershon Distenfeld, Will Smith |
Fund volume: |
281.2 mill.
USD
|
Launch date: |
3/15/2010 |
Investment focus: |
- |
Conditions
Issue surcharge: |
5.00% |
Max. Administration Fee: |
1.10% |
Minimum investment: |
2,000.00 EUR |
Deposit fees: |
0.50% |
Redemption charge: |
0.00% |
Key Investor Information: |
Download (Print version) |
Investment company
Funds company: |
AllianceBernstein LU |
Address: |
2-4, rue Eugene Ruppert, 2453, Luxemburg |
Country: |
Luxembourg |
Internet: |
www.alliancebernstein.com
|
Assets
Bonds |
|
95.90% |
Cash |
|
3.21% |
Others |
|
0.89% |
Countries
Netherlands |
|
15.47% |
Italy |
|
13.47% |
France |
|
12.33% |
Germany |
|
11.81% |
United Kingdom |
|
10.32% |
United States of America |
|
8.79% |
Spain |
|
7.48% |
Luxembourg |
|
6.26% |
Cash |
|
3.21% |
Ireland |
|
2.33% |
Sweden |
|
2.15% |
Portugal |
|
1.67% |
Finland |
|
1.40% |
Belgium |
|
0.94% |
Switzerland |
|
0.40% |
Others |
|
1.97% |
Currencies
Euro |
|
87.76% |
British Pound |
|
5.89% |
US Dollar |
|
2.25% |
Others |
|
4.10% |