Fund Evaluator:
Bernstein Core Bond (SNIDX)
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Fund Details
Bernstein Core Bond Overview
Bernstein Core Bond (SNIDX) is an actively managed Taxable Bond Intermediate Core Bond fund. AllianceBernstein launched the fund in 1989.
The investment seeks to provide safety of principal and a moderate to high rate of income that is subject to taxes. The fund seeks to maintain an average portfolio quality minimum of A, based on ratings given to the Portfolio's securities by NRSROs. It may also invest up to 25% of its total assets in fixed-income, non-U.S. Dollar denominated foreign securities, and may invest without limit in fixed-income, U.S. Dollar denominated foreign securities, in each case in developed or emerging-market countries.
About Bernstein Core Bond (SNIDX)
There are 4 members of the management team with an average tenure of 4.04 years: Matthew Sheridan (2023), Michael Canter (2016), Fahd Malik (2026), Serena Zhou (2024). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: Bloomberg US Agg Bond TR USD index with a weighting of 100%. Bernstein Core Bond has 767 securities in its portfolio. The top 10 holdings constitute 34.2% 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.
Bernstein Core Bond is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Bernstein Core Bond has 13.0% 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 0.4% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 122.9% (109.9% domestic bond, 13.0% foreign bond and 0.0% convertible bond). Bernstein Core Bond has -23.3% of the portfolio in cash.
Assets Under Management
The fund has $4 billion in total assets, which is above the $3 billion average for the Intermediate Core Bond 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.
SNIDX 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 Bernstein Core Bond expense ratio is below average compared to funds in the Intermediate Core Bond category. Bernstein Core Bond has an expense ratio of 0.28%, which is 51% 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. Bernstein Core Bond has a portfolio turnover rate of 193%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 151% for the Intermediate Core Bond category.
Recently, in the month of July 2026, Bernstein Core Bond returned -1.4%, which earned it a grade of D, as the Intermediate Core Bond category had an average return of -1.3%. 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.
Bernstein Core Bond has a trailing yield of 4.31%, which is above the 4.04% 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.
Bernstein Core Bond Grades
Year to date, the fund has returned -0.9%, 0.2 percentage points worse than the category, which translates into a grade of D. The fund has returned 2.2% over the past year (grade of D), 3.6% over the past three years (grade of D) and -0.6% per year over the past five years (grade of D) and 1.3% per year over the past 10 years (grade of D).
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SNIDX 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 |
|
| SNIDX Return (NAV) | -1.4% | -0.9% | 2.2% | 3.6% | -0.6% | 1.3% |
| SNIDX Grade | D | D | D | D | D | D |
| +/- Category | -0.1% | -0.1% | -0.3% | -0.1% | -0.1% | -0.1% |
| Intermediate Core Bond Avg | -1.3% | -0.8% | 2.5% | 3.7% | -0.5% | 1.4% |
| SNIDX Tax Cost Ratio | na | na | 1.7% | 1.7% | 1.5% | 1.4% |
SNIDX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| SNIDX Return (NAV) | -0.9% | 7.2% | 1.2% | 5.5% | -13.7% | -1.1% | 7.2% | 8.7% | -0.4% | 3.8% | 4.1% |
| SNIDX Grade | D | C | D | D | D | B | D | B | C | B | A |
| +/- Category | -0.2% | 0.1% | -0.3% | -0.2% | -0.6% | 0.4% | -0.9% | 0.2% | 0.1% | 0.2% | 1.4% |
| Intermediate Core Bond Avg | -0.7% | 7.0% | 1.6% | 5.6% | -13.2% | -1.5% | 8.1% | 8.5% | -0.4% | 3.6% | 2.8% |
| Risk Measures | |
| Standard Deviation: | 5.8% |
| Total Risk Index: | 0.47 - Below Average |
| Category Risk Index: | 1.03 - Above Average |
| Category Risk Grade: | D (79% Rank) |
| Beta: | 1.02 |
| R-Squared: | 100% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 4.3% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $4410 Mil |
| Fund Total Assets: | $4,402 Mil |
| Share Class Type: | No Load |
| Portfolio Turnover: | 193% |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 10.6 years | |||
| Average Tenure: 4.0 years | |||
| Managers (Year): Canter Michael (2016), Sheridan Matthew (2023), Zhou Serena (2024), Malik Fahd (2026) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 767 |
| % in Top 10 Holdings: | 34.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 13.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.4% |
| Domestic Bond: | 109.9% |
| Foreign Bond: | 13.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | -23.3% |
Purchase Information
| Fund Family: | AllianceBernstein |
| Phone Number: | 212-486-5800 |
| Website: | www.bernstein.com |
| Status: | Open |
| Inception Date: | January 17, 1989 |
| Min. Initial Purchase: | $25,000 |
| 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 (%): | 0.28% ( Rating : Below Avg ) |
| Category Average Expense Ratio (%): | 0.57% |
| Share Class: | Bernstein Core Bond |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
