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AB Mortgage Income Portfolio

Ranked 1 out of 3 in - US Dollar Mortgages over 12 months
Share Class: I USD Inc / All calculations are in USD unless stated

Managed by

Mike Canter

Mike Canter is a senior vice president and director of US multi-sector and securitized assets at AllianceBernstein (AB). He is also the chief investment officer of AB’s Securitized Assets fund and the former CIO of the Recovery Asset fund and the Legacy Securities fund. Canter is also head of the securitized assets research group, which is responsible for the firm’s investments in agency mortgage-backed securities (MBS), credit risk–transfer securities (CRT), non-agency residential mortgage-backed securities, commercial mortgage-backed securities and other asset-backed securities. He has extensive expertise in residential mortgage credit. He holds a BA in math and economics from Northwestern University and a PhD in finance from the Columbia University Graduate School of Business.

Janaki Rao

Objective

The investment objective of the Portfolio is to achieve a high risk-adjusted total return. The Portfolio seeks to achieve its objective by investing in mortgage-related securities and other asset-backed securities. The Portfolio may invest in securities of both Investment Grade and non-Investment Grade quality originated by a wide array of originators and sponsors. The Portfolio's investments may include fixed and floating rate securities, including agency mortgage-backed securities and non-agency (i.e., privately issued) mortgage-backed securities (“MBS”) as well as other asset-backed securities (“ABS”), commercial mortgage-backed securities (“CMBS”), and collateralized debt obligations (“CDOs”) and related financial derivative instruments and currencies. The Portfolio will have at least two-thirds of its total assets invested in mortgage-related securities.

We are currently building our database of fund managers for funds registered for sale in GCC countries. For any questions or to add fund manager information please contact info@citywiremiddleeast.com.
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Performance

US Dollar Mortgages over : 31/12/2018 - 31/12/2019
  • Rank 1/3 Total Return
  • Rank 1/3 Standard Deviation
  • Rank 1/3 Max Drawdown
Fund Name Currency Return
1 AB Mortgage Income

Currency exposure is hedged

Currency exposure is hedged

USD

6.5%

2 BGF US Government Mortgage

Currency exposure is hedged

Currency exposure is hedged

USD

6.5%

3 Franklin US Government A(Mdis)USD

Currency exposure is hedged

Currency exposure is hedged

USD

4.9%

Fund Name Currency Risk
1 AB Mortgage Income

Currency exposure is hedged

Currency exposure is hedged

USD

1.1

2 Franklin US Government A(Mdis)USD

Currency exposure is hedged

Currency exposure is hedged

USD

1.9

3 BGF US Government Mortgage

Currency exposure is hedged

Currency exposure is hedged

USD

2.1

Fund Name Currency Loss
1 AB Mortgage Income

Currency exposure is hedged

Currency exposure is hedged

USD

0%

2 Franklin US Government A(Mdis)USD

Currency exposure is hedged

Currency exposure is hedged

USD

-0.2%

3 BGF US Government Mortgage

Currency exposure is hedged

Currency exposure is hedged

USD

-0.4%

Total Return

Quarterly Performance

to 31/12/2019 Annual Q1 Q2 Q3 Q4
2019 6.5% 2.2% 1.7% 1.5% 1.0%
2018 1.6% 0.6% 0.8% 1.0% -0.8%
2017 7.8% 2.6% 2.6% 0.6% 1.8%
2016 5.3% -0.9% 1.7% 3.9% 0.5%
2015 1.0% 1.6% -0.3% 0.1% -0.4%
2014 2.1% 0.0% 0.3%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

30/11/2019

Top 10 Holdings

Stock Size
United States Treasury Bills 0% 3.89%
United States Treasury Bonds 8.75% 3.08%
Irs #510809 Rec Fixed 1.9875 1.988% 03/07/2029 2.70%
Federal Home Loan Mortgage Corporation 6.24% 1.24%
Irs #510845 Rec Fixed 2.0245 2.025% 09/07/2029 1.19%
BELLEMEADE RE LTD 3.64% 1.15%
Federal Home Loan Mortgage Corporation 6.94% 1.11%
Irs #510872 Rec Fixed 2.0710 2.071% 16/07/2029 1.06%
BELLEMEADE RE LTD 3.39% 0.88%
Federal Farm Credit Banks 6.64% 0.87%
30/11/2019

Registered For Sale In

  1. Austria
  2. Bahrain
  3. Finland
  4. France
  5. Germany
  6. Hong Kong
  7. Iceland
  8. Luxembourg
  9. Netherlands
  10. Norway
  11. Portugal
  12. Singapore
  13. Spain
  14. Sweden
  15. Switzerland
  16. Taiwan

Fund Info

  • Launch date27/09/1994
  • Share Class size03Mn
  • Base currencyUSD
  • ISIN LU0050692549
  • Currency exposure is hedged

Purchase Info

  • Min. initial investment2,000
  • Min. regular additional investment750

Charges

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Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).