Fund Evaluator:
AB Global Bond I (ANAIX)
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Best Performing in Global Bond-USD Hedged Over the Last Year
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Fund Details
AB Global Bond I Overview
AB Global Bond I (ANAIX) is an actively managed Taxable Bond Global Bond-USD Hedged fund. AllianceBernstein launched the fund in 2007.
The investment seeks to generate current income consistent with preservation of capital. The fund invests at least 80% of its net assets in fixed-income securities. It invests significantly in fixed-income securities of non-U.S. companies. The fund normally invests in the fixed-income securities of companies located in at least three countries. It may invest in a broad range of fixed-income securities in both developed and emerging markets. The fund may invest across all fixed-income sectors, including U.S. and non-U.S. government and corporate debt securities.
About AB Global Bond I (ANAIX)
There are 4 members of the management team with an average tenure of 12.61 years: Scott DiMaggio (2005), Matthew Sheridan (2007), John Taylor (2019), Christian DiClementi (2024). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: Bloomberg Global Aggregate TR Hdg USD index with a weighting of 100%. AB Global Bond I has 1945 securities in its portfolio. The top 10 holdings constitute 33.6% 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 Global Bond I is part of the Fixed Income global asset class and is within the Taxable Bond fund group. AB Global Bond I has 71.4% 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 0.2% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 125.6% (54.2% domestic bond, 71.4% foreign bond and 0.0% convertible bond). AB Global Bond I has -25.8% of the portfolio in cash.
Assets Under Management
The fund has $656 million in total assets, which is below the $2 billion average for the Global Bond-USD Hedged 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.
ANAIX 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 Global Bond I expense ratio is average compared to funds in the Global Bond-USD Hedged category. AB Global Bond I has an expense ratio of 0.55%, which is 25% lower than its category average, making the fund expense ratio grade a B. 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 Global Bond I has a portfolio turnover rate of 301%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 195% for the Global Bond-USD Hedged category.
Recently, in the month of July 2026, AB Global Bond I returned -1.1%, which earned it a grade of C, as the Global Bond-USD Hedged category had an average return of -1.1%. 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 Global Bond I has a trailing yield of 3.51%, which is below the 3.99% category average. The fund normally distributes its income monthly.
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 Global Bond I Grades
Year to date, the fund has returned 0.2%, 0.1 percentage points better than the category, which translates into a grade of B. The fund has returned 2.1% over the past year (grade of D), 4.2% over the past three years (grade of C) and 0.1% per year over the past five years (grade of C) and 1.6% per year over the past 10 years (grade of D).
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ANAIX 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 |
|
| ANAIX Return (NAV) | -1.1% | 0.2% | 2.1% | 4.2% | 0.1% | 1.6% |
| ANAIX Grade | C | C | D | C | C | D |
| +/- Category | -0.0% | -0.1% | -0.2% | -0.2% | -0.2% | -0.3% |
| Global Bond-USD Hedged Avg | -1.1% | 0.2% | 2.3% | 4.4% | 0.4% | 1.8% |
| ANAIX Tax Cost Ratio | na | na | 1.8% | 1.6% | 1.9% | 1.5% |
ANAIX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ANAIX Return (NAV) | 0.2% | 5.1% | 2.7% | 6.9% | -11.9% | -0.8% | 5.1% | 7.6% | 0.3% | 3.1% | 5.8% |
| ANAIX Grade | B | C | D | D | C | A | D | D | C | D | B |
| +/- Category | 0.1% | -0.1% | -0.7% | -1.0% | 0.1% | 1.0% | -1.7% | -1.0% | 0.2% | -1.2% | 1.3% |
| Global Bond-USD Hedged Avg | 0.1% | 5.2% | 3.4% | 7.9% | -12.0% | -1.7% | 6.7% | 8.6% | 0.1% | 4.3% | 4.5% |
| Risk Measures | |
| Standard Deviation: | 4.5% |
| Total Risk Index: | 0.37 - Low |
| Category Risk Index: | 1.01 - Average |
| Category Risk Grade: | C (47% Rank) |
| Beta: | 0.76 |
| R-Squared: | 92% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Small-Cap Value |
| Bond Investment Style: | na Moderate Sensitivity |
| Yield: | 3.5% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | |
| Total Assets: | $7072 Mil |
| Fund Total Assets: | $ 656 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 301% |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 20.9 years | |||
| Average Tenure: 12.6 years | |||
| Managers (Year): DiMaggio Scott (2005), Sheridan Matthew (2007), Taylor John (2019), DiClementi Christian (2024) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 1945 |
| % in Top 10 Holdings: | 33.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 71.4% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.2% |
| Domestic Bond: | 54.2% |
| Foreign Bond: | 71.4% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | -25.8% |
Purchase Information
| Fund Family: | AllianceBernstein |
| Phone Number: | 800-221-5672 |
| Website: | www.AllianceBernstein.com |
| Status: | Open |
| Inception Date: | November 5, 2007 |
| Min. Initial Purchase: | $2,000,000 |
| 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 (%): | 0.55% ( Rating : Avg ) |
| Category Average Expense Ratio (%): | 0.73% |
| Share Class: | AB Global Bond A |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
