AB - Mortgage Income Portfolio I2 USD Acc

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Performance History30/11/2024
Growth of 1,000 (GBP) Advanced Graph
AB - Mortgage Income Portfolio I2 USD Acc
Fund-6.34.29.67.19.5
+/-Cat-9.13.67.86.54.1
+/-B’mrk-10.44.911.67.76.2
 
Key Stats
NAV
06/12/2024
 USD 23.16
Day Change 0.24%
Morningstar Category™ USD Flexible Bond
ISIN LU1021292617
Fund Size (Mil)
06/12/2024
 USD 1223.08
Share Class Size (Mil)
06/12/2024
 USD 265.67
Max Initial Charge 1.50%
Ongoing Charge
11/02/2022
  0.75%
Morningstar Research
Analyst Report16/10/2024
Brian Moriarty, Associate Director
Morningstar, Inc

AB Mortgage Income’s team has clear expertise in the securitized market, but its emphasis on higher-yielding securitized fare and concentration in credit risk transfer securities brings elevated risks. Its cheapest share classes earn a...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People24
Parent23
Process22
Performance
Price
Investment Objective: AB - Mortgage Income Portfolio I2 USD Acc
The investment objective of the Portfolio is to achieve a high risk-adjusted total return. The Portfolio seeks to achieve its objective by investing in mortgage-related securities and other asset-backed securities. The Portfolio may invest in securities of both Investment Grade and non-Investment Grade quality originated by a wide array of originators and sponsors. The Portfolio's investments may include fixed and floating rate securities, including agency mortgage-backed securities and non-agency (i.e., privately issued) mortgage-backed securities (“MBS”) as well as other asset-backed securities (“ABS”), commercial mortgage-backed securities (“CMBS”), and collateralized debt obligations (“CDOs”) and related financial derivative instruments and currencies. The Portfolio will have at least two-thirds of its total assets invested in mortgage-related securities.
Returns
Trailing Returns (GBP)06/12/2024
YTD9.59
3 Years Annualised7.95
5 Years Annualised4.52
10 Years Annualised6.27
12 Month Yield 0.00
Management
Manager Name
Start Date
Michael Canter
01/01/2014
Daniel Krup
31/07/2021
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Inception Date
20/02/2014
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Category Benchmark
Fund BenchmarkMorningstar Benchmark
Secured Overnight Financing Rate(SOFR)Morningstar US Core Bd TR USD
Target Market
Role In Portfolio
Standalone / CoreNot Specific
ComponentNot Specific
OtherNot Specific
Primary Objective
PreservationNot Specific
GrowthNot Specific
IncomeYes
HedgingNot Specific
OtherNot Specific
Portfolio Profile for  AB - Mortgage Income Portfolio I2 USD Acc31/10/2024
Fixed Income
Effective Maturity4.13
Effective Duration1.72
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock0.560.000.56
Bond114.112.24111.87
Property0.000.000.00
Cash4.4016.83-12.43
Other0.000.000.00

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In order to provide consistency across the report data provided by different Asset Managers, the calculated data points presented are generated using Morningstar’s proprietary calculation methodology which is set out in more detail at(https://www.morningstar.com/research/signature)
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