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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.
Through December 31, 2018; US high yield is represented by the Bloomberg Barclays US High Yield Index.
Past performance is not a guarantee of future results. Individuals cannot invest in an index.
*Recovery is defined as a return to the level of the prior peak
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.