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The views expressed herein do not constitute research, investment advice or trade recommendations and do not necessarily represent the views of all AB portfolio-management teams. Views are subject to revision over time.
20 Years Ending December 31, 2019
As of December 31, 2019
Historical analysis does not guarantee future results.
Aggregate is represented by the Bloomberg Barclays US Aggregate Bond Index; US Treasuries is represented by the Bloomberg Barclays US Treasury Index; high yield is represented by the Bloomberg Barclays US High-Yield 2% Issuer Capped Index; high yield ex CCCs is represented by the Bloomberg Barclays US High-Yield Ba/B 2% Issuer Capped Index; risk-managed “barbell” is represented by 50% US Treasuries and 35% high yield, rebalanced monthly. The data points represent 20 years annulled.
Source: Bloomberg Barclays and AllianceBernstein (AB)
Growth of US $100
Through November 30, 2019
Historical analysis do not guarantee future results. For illustrative purposes only.
CRTs nd CMBS are represented by the bonds (including CMBX 6 holdings) held in those sectors in an AB-managed fixed-income portfolio and are therefore not intended to represent a generally accepted proxy/benchmark for the markets.
Source: Bloomberg Barclays and AllianceBernstein (AB)
The views expressed herein do not constitute research, investment advice or trade recommendations and do not necessarily represent the views of all AB portfolio-management teams. Views are subject to revision over time.
Matthew Sheridan is a Senior Vice President and Portfolio Manager at AB, primarily focusing on the Income Strategies portfolios. He is a member of the Global Fixed Income, Global High Income and Emerging Market Debt portfolio-management teams. Additionally, Sheridan is a member of the Rates and Currency Research Review team and the Emerging Market Debt Research Review team. He joined AB in 1998 and previously worked in the firm’s Structured Asset Securities Group. Sheridan holds a BS in finance from Syracuse University. He is a CFA charterholder. Location: New York
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Richard Brink | 30 January 2025This is a marketing communication. This information is provided by AllianceBernstein Limited, 60 London Wall, London, EC2M 5SJ. Registered in England, No. 2551144. AllianceBernstein Limited is authorised and regulated in the UK by the Financial Conduct Authority (FCA - Reference Number 147956). It is provided for informational purposes only and does not constitute investment advice or an invitation to purchase any security or other investment. The views and opinions expressed are based on our internal forecasts and should not be relied upon as an indication of future market performance. The value of investments in any of the Funds can go down as well as up and investors may not get back the full amount invested. Past performance does not guarantee future results. This information is directed at Professional Clients only and is not intended for public use.