Fund Evaluator:
AB Corporate Income (ACISX)
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Fund Details
AB Corporate Income Overview
AB Corporate Income (ACISX) is an actively managed Taxable Bond Miscellaneous Fixed Income fund. AllianceBernstein launched the fund in 2006.
The investment seeks high current income. The fund invests, under normal circumstances, at least 80% of its net assets in U.S. corporate bonds. It may also invest in U.S. government securities (other than U.S. government securities that are mortgage-backed or asset-backed securities), repurchase agreements and forward contracts relating to U.S. government securities. The fund has the flexibility to invest in long- and short-term fixed-income securities.
About AB Corporate Income (ACISX)
There are 2 members of the management team with an average tenure of 1.88 years: Naveen Kumar (2025), Timothy Kurpis (2023). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: Bloomberg US Credit TR USD index with a weighting of 100%. AB Corporate Income has 281 securities in its portfolio. The top 10 holdings constitute 39.5% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
AB Corporate Income is part of the Fixed Income global asset class and is within the Taxable Bond fund group. AB Corporate Income has 22.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.5% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 104.2% (82.0% domestic bond, 22.2% foreign bond and 0.0% convertible bond). AB Corporate Income has -4.7% of the portfolio in cash.
Assets Under Management
The fund has $123 million in total assets, which is below the $734 million average for the Miscellaneous Fixed Income category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
ACISX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The AB Corporate Income expense ratio is low compared to funds in the Miscellaneous Fixed Income category. AB Corporate Income has an expense ratio of 0.00%, which is 100% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. AB Corporate Income has a portfolio turnover rate of 189%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 115% for the Miscellaneous Fixed Income category.
Recently, in the month of July 2026, AB Corporate Income returned -1.8%, which earned it a grade of F, as the Miscellaneous Fixed Income category had an average return of -0.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
AB Corporate Income has a trailing yield of 4.73%, which is below the 5.98% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
AB Corporate Income Grades
Year to date, the fund has returned -0.4%, 2.0 percentage points worse than the category, which translates into a grade of F. The fund has returned 2.9% over the past year (grade of F), 5.4% over the past three years (grade of C) and 0.2% per year over the past five years (grade of D) and 2.8% per year over the past 10 years (grade of C).
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ACISX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| ACISX Return (NAV) | -1.8% | -0.7% | 2.9% | 5.4% | 0.2% | 2.8% |
| ACISX Grade | F | F | F | C | D | C |
| +/- Category | -1.1% | -1.0% | -2.8% | -1.3% | -1.5% | -0.2% |
| Miscellaneous Fixed Income Avg | -0.7% | 0.3% | 5.7% | 6.7% | 1.7% | 3.0% |
| ACISX Tax Cost Ratio | na | na | 2.3% | 2.2% | 2.0% | 1.8% |
ACISX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ACISX Return (NAV) | -0.4% | 8.4% | 3.5% | 8.9% | -16.0% | -0.8% | 11.2% | 16.4% | -2.8% | 6.3% | 5.7% |
| ACISX Grade | F | C | D | B | F | F | A | A | F | C | B |
| +/- Category | -2.0% | 0.6% | -2.8% | 0.1% | -5.4% | -2.9% | 5.1% | 7.4% | -3.2% | 1.4% | 1.5% |
| Miscellaneous Fixed Income Avg | 1.5% | 7.9% | 6.3% | 8.8% | -10.6% | 2.2% | 6.2% | 9.0% | 0.4% | 5.0% | 4.3% |
| Risk Measures | |
| Standard Deviation: | 6.3% |
| Total Risk Index: | 0.51 - Below Average |
| Category Risk Index: | 1.21 - Above Average |
| Category Risk Grade: | D (70% Rank) |
| Beta: | 1.10 |
| R-Squared: | 97% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 4.7% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $123 Mil |
| Fund Total Assets: | $ 123 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 189% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 2.9 years | |||
| Average Tenure: 1.9 years | |||
| Managers (Year): Kurpis Timothy (2023), Kumar Naveen (2025) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 281 |
| % in Top 10 Holdings: | 39.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 22.2% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.5% |
| Domestic Bond: | 82.0% |
| Foreign Bond: | 22.2% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | -4.7% |
Purchase Information
| Fund Family: | AllianceBernstein |
| Phone Number: | 800-221-5672 |
| Website: | www.AllianceBernstein.com |
| Status: | Open |
| Inception Date: | December 11, 2006 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.00% ( Rating : Low ) |
| Category Average Expense Ratio (%): | 0.29% |
| Share Class: | AB Corporate Income |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
