Alliance Bernstein - AB High Yield ETF
$36.46−0.25 (−0.68%)
- Expense ratio
- 0.40%
- Fund size
- $336M
- 1Y return
- +3.2%
- Yield · Last 12 months
- 6.72%
- Holdings
- 659
- Volume · 30D
- 0M sh
- NAV per share
- $36.68
- 52W range
The ETF.net HYFI Grade
Score 63 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 58Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 93Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 52Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 53Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 49Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 48Category rank
Our read on HYFI
BThe high-yield aisle is stacked with index trackers. HYFI is one of the few with a live credit desk behind it: AllianceBernstein picks the bonds and dials risk up or down, at the category's median fee.
Seeks high income by actively managing a portfolio primarily invested in US high-yield corporate bonds, using security selection, dynamic beta management, and a disciplined research process.
Why people hold it
- Actively run rather than index-cloned: the team selects individual bonds and manages portfolio beta as credit conditions shift.alliancebernstein.com
- The 0.40% fee sits right at the high-yield category median, so the research desk costs no more than the typical fund in the group.
- Roughly 700 bonds and a monthly distribution schedule: income on a regular cadence, with no single issuer carrying the portfolio.
- Stays tightly on its stated job (US high-yield corporate credit) and lands in the upper half of a very crowded peer group.
Worth knowing
- Index rivals charge a sliver of this: SCYB at 0.03% and SPHY at 0.05% versus 0.40% here. The active work has to cover that gap.
- Trades far less than the category's giants, which can mean wider bid-ask spreads at the moment you place an order.
- Launched in 2023, so the record is short, and it covers below-investment-grade credit where defaults and spread swings move prices.
HYFI Holdings
- Bonds
- 659
- 16%
- US 5YR NOTE (CBT) DEC26 XCBT 20261231
Sectors
- Technology74.0%
- Financials21.3%
- Consumer Discr.4.6%
- Industrials0.0%
Geography
- United States78.34%
- Canada6.10%
- United Kingdom4.29%
- Ireland1.74%
- France1.72%
- Italy1.56%
- Cayman Islands1.16%
- Luxembourg0.90%
- 4.20%
HYFI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | HYFI |
|---|---|
| Year to date | +2.0% |
| 1 month | −0.6% |
| 3 months | −0.1% |
| 1 year | +3.2% |
| 3 years | +8.6% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | HYFI |
|---|---|---|
| 2026 YTD | +2.0% | |
| 2025 | +8.9% | |
| 2024 | +8.0% | |
| 2023 | +8.7% |
HYFI in the news
ETF.net Research hasn’t filed on HYFI yet — coverage lands here as it’s written.
HYFI Dividends
- 6.72%
- $2.47
- $0.19 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.19 |
| Aug 3, 2026 | Aug 6, 2026 | $0.20 |
| Jul 1, 2026 | Jul 7, 2026 | $0.20 |
| Jun 1, 2026 | Jun 4, 2026 | $0.19 |
| May 1, 2026 | May 6, 2026 | $0.20 |
| Apr 1, 2026 | Apr 7, 2026 | $0.21 |
| Mar 2, 2026 | Mar 5, 2026 | $0.20 |
| Feb 2, 2026 | Feb 5, 2026 | $0.21 |
| Dec 31, 2025 | Jan 5, 2026 | $0.26 |
| Dec 1, 2025 | Dec 4, 2025 | $0.20 |
| Nov 3, 2025 | Nov 6, 2025 | $0.20 |
| Oct 1, 2025 | Oct 6, 2025 | $0.20 |
HYFI Risk
- 4.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.84
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −6.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.65
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
HYFI Cost
- The middle half of US High Yield funds
- Median 0.43%
35 of the 84 US High Yield funds charge less.