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Is AB High Income C Fund (AGDCX) Worth Another Look?

Zacks Equity Research

AB High Income C (AGDCX) a Zacks Rank #3 (Hold) was formerly known as Alliance Global Dollar Government Fund. The fund was incepted in February 1994 and is managed by Alliance Capital Management. The objective of AGDCX is to seek primarily a high level of current income and, secondarily, capital appreciation. AGDCX invests in sovereign debt obligations of developing countries and in U.S. and non-U.S. corporate fixed-income securities. Substantially all of AGDCX's assets are invested in high-risk, lower-rated securities and are subject to the substantial risks associated with high-yield bonds and investments in emerging markets, including risk of loss and substantial volatility.

The AB High Income C fund, managed by AllianceBern, carries an expense ratio of 1.58%. Moreover, AGDCX requires a minimal initial investment of $2,500.

AGDCX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 2.9% and 5 year 5.4%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.

AGDCX’s performance, as of the last filing, when compared to funds in its category was in the top 38% over the past 1 year.

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