HYFI — Alliance Bernstein - AB High Yield ETF

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	−0.1%	+0.7%	−1.3%	+1.3%	+2.6%	+28.5%	—	+29.5%
Peer average	0.0%	+0.4%	−1.1%	+1.2%	+2.7%	+26.5%	+21.3%	—
S&P 500 · VOO	+0.3%	−5.0%	−4.6%	+8.7%	+9.8%	+80.8%	+71.8%	—

HYFI in One Breath

HYFI Among High Yield ETFs

YTD

#1MHYMan Group+5.6%$33.2M

#2SEIXVirtus+4.1%$303M

#3HYZDWisdomTree+3.6%$307M

#4SLNZTCW+3.5%$225M

#5HYGHiShares+3.5%$642M

#6HYHGProShares+3.2%$238M

#7FLBLFranklin Templeton+3.2%$762M

#8LONZPIMCO+3.1%$694M

#45HYFIAlliance Bernstein+1.3%$332M

End-of-day Nov 9, 2026 · 92 High yield ETFs by YTD

$10,000 in HYFI

5Y

$10,000 in HYFI became

$12,948

In the S&P 500 (VOO)

$18,649

Total return, dividends in · May 15, 2023 – Nov 6, 2026 · S&P 500 uses VOO

HYFI’s Top Holdings

Today

SS3G5D1 CDS Ss3g5d1 Cds R F 5.00000 Is3g5d1 Ccpcdx5.7%EUR2611193.0%US 5YR NOTE 3.0%US 10YR NOTE2.7%US 2YR NOTE 1.3%ALLIANCEBERN1.3%VENTURE GLOB0.8%ASURION LLC/0.7%TENET HEALTH0.7%SOFTBANK GRO0.6%NET OTHER AS0.6%CRC INSURANC0.6%OLYMPUS WTR 0.5%DAVITA INC C0.5%ROCKIES EXPR0.5%GENESIS ENER0.5%GOODYEAR TIR0.5%LCM INVESTME0.5%HOWDEN UK RE0.5%OAK EAGLE AC0.5%JEFFERIES FI0.5%DISH DBS COR0.5%

SS3G5D1 CDS Ss3g5d1 Cds R F 5.00000 Is3g5d1 Ccpcdx5.7%EUR2611193.0%US 5YR NOTE 3.0%US 10YR NOTE2.7%US 2YR NOTE 1.3%ALLIANCEBERN1.3%VENTURE GLOB0.8%ASURION LLC/0.7%TENET HEALTH0.7%SOFTBANK GRO0.6%NET OTHER AS0.6%CRC INSURANC0.6%

Alliance Bernstein HYFI · 661 holdings · top 22 shown · tile size = share of the fund · as of Nov 6, 2026

What HYFI Holds

Today

All holdings100.0%

SS3G5D1 5.7 · EUR261119 3.0 · US 5YR NOT 3.0 · US 10YR NO 2.7 · US 2YR NOT 1.3 · ALLIANCEBE 1.3 · VENTURE GL

Alliance Bernstein HYFI · share of the fund · as of Nov 6, 2026

Ss3g5d1’s Share of HYFI

Today

5.7%

$57 of every $1,000 in HYFI is Ss3g5d1

Ss3g5d1 held by HYFI

$19.0M

Alliance Bernstein HYFI · each square = $10 of $1,000 · as of Nov 6, 2026

HYFI’s Share of High Yield ETFs

Today

0.2%

of the $138B in 109 High yield ETFs

HYFI$332M0.2%

USHY$27.5B20.0%

HYG$18.0B13.1%

106 others$91.8B66.7%

High yield ETF AUM · Nov 9, 2026

HYFI Fee per $100 vs Peers

Today

$0.40a year
per $100

$40 a year on $10,000

SPHY$0.05

USHY$0.08

SHYG$0.30

HYFI$0.40

JNK$0.40

HYG$0.49

Expense ratio · High yield peers · Nov 9, 2026

Inside HYFI

661 holdings · as of Nov 6, 2026

HYFI

Alliance Bernstein - AB High Yield ETF

Today

All holdings100.0%Ss3g5d1 CD5.7%EUR2611193.0%US 5YR Not3.0%647 more holdings77.7% of the fund

All holdings100.0%Ss3g5d1 CD5.7%EUR2611193.0%US 5YR Not3.0%655 more holdings82.9% of the fund

#	Ticker	Company	Weight ▼
1	—	Ss3g5d1 CDS R F 5.00000 Is3g5d1 Ccpcdx	5.72%
2	—	EUR261119	3.03%
3	—	US 5YR Note (cbt) Dec26 Xcbt 20261231	2.97%
4	—	US 10yr Note (cbt)dec26 Xcbt 20261221	2.70%
5	—	US 2YR Note (cbt) Dec26 Xcbt 20261231	1.34%
6	—	Alliancebernstein Govt Stif SSC Fund 64ba Agis 587	1.34%
7	—	Venture Global Plaque SR Secured 144a 05/33 7.5	0.82%
8	—	Asurion Llc/asurion SR Secured 144a 12/32 8	0.75%
9	—	Tenet Healthcare SR Secured 06/29 4.25	0.71%
10	—	Softbank Group SR Unsecured 144a 04/34 9.75	0.63%

See all 655 holdings ↓

Alliance Bernstein HYFI · current holdings by weight · as of Nov 6, 2026 · each tile is one holding · top 20 = 25.3%

All HYFI Holdings

655 holdings · as of Nov 6, 2026

HYFI

HYFI’s Holdings

Today

#
1	—Ss3g5d1 CDS R F 5.00000 Is3g5d1 Ccpcdx	5.72%	$571.74	19.8M	$20.9M
2	—EUR261119	3.03%	$303.19	-9.9M	$11.1M
3	—US 5YR Note (cbt) Dec26 Xcbt 20261231	2.97%	$296.60	10.3M	$10.9M
4	—US 10yr Note (cbt)dec26 Xcbt 20261221	2.70%	$269.82	9.2M	$9.9M
5	—US 2YR Note (cbt) Dec26 Xcbt 20261231	1.34%	$134.41	4.8M	$4.9M
6	—Alliancebernstein Govt Stif SSC Fund 64ba Agis 587	1.34%	$133.52	4.9M	$4.9M
7	—Venture Global Plaque SR Secured 144a 05/33 7.5	0.82%	$82.22	2.8M	$3.0M
8	—Asurion Llc/asurion SR Secured 144a 12/32 8	0.75%	$74.53	2.9M	$2.7M
9	—Tenet Healthcare SR Secured 06/29 4.25	0.71%	$71.08	2.7M	$2.6M
10	—Softbank Group SR Unsecured 144a 04/34 9.75	0.63%	$63.24	2.4M	$2.3M
11	—NET Other Assets	0.62%	$62.05	0	$2.3M
12	—CRC Insurance Group LLC SR Secured 144a 06/31 7.125	0.56%	$56.17	2.2M	$2.1M
13	—Olympus WTR US Hldg SR Secured 144a 02/33 7.25	0.54%	$54.15	2.0M	$2.0M
14	—Davita Company Guar 144a 06/30 4.625	0.53%	$53.19	2.0M	$1.9M
15	—Rockies Express Pipeline SR Unsecured 144a 07/29 4.95	0.52%	$51.72	1.9M	$1.9M

Alliance Bernstein HYFI · every reported holding · per $10,000 = dollars of each holding in a $10,000 stake · as of Nov 6, 2026

How It Compares

HYFI

Alliance Bernstein - AB High Yield ETF’s Peers

YTD


USHY	iSharesRead Desk	0.08%	+1.0%	+2.5%	$27.5B
HYG	iSharesRead Desk	0.49%	+0.7%	+2.1%	$18.0B
SPHY	SPDRRead Desk	0.05%	+1.0%	+2.5%	$11.9B
SHYG	iSharesRead Desk	0.30%	+1.5%	+3.0%	$7.8B
JNK	SPDRRead Desk	0.40%	+0.8%	+2.5%	$6.2B
HYFI	Alliance BernsteinThis fundRead Desk	0.40%	+1.3%	+2.6%	$332M

High yield peers · YTD and past-year returns · as of Nov 9, 2026 · sorted by AUM

Head to Head

Put HYFI head to head with USHY →

USHY vs HYFI

YTD

USHYiShares · High yieldHYFIAlliance Bernstein · High yield

Year to date

+1.0%

+1.3%

HYFI wins+0.3 pts

Past year

+2.5%

+2.6%

HYFI wins+0.1 pts

Fee

0.08%

0.40%

USHY winslower fee

Yield

7.1%

6.9%

USHY wins+0.3 pts

AUM

$27.5B

$332M

USHY82.9× more

2–2level

iShares USHY and Alliance Bernstein HYFI · year-to-date · as of Nov 9, 2026 · AUM not scored

HYFI vs VOO

YTD

HYFI · Alliance Bernstein - AB High Yield

+1.3%

VOO · S&P 500

+8.7%

Gap

7.4 pts

Alliance Bernstein HYFI and Vanguard VOO · YTD total return · as of Nov 9, 2026

HYFI vs Its Peer Average

YTD

HYFIAvsBPeer average

1D−0.1%0.0%

1M+0.7%+0.4%

3M−1.3%−1.1%

YTD+1.3%+1.2%

1Y+2.6%+2.7%

3Y+28.5%+26.5%

5Y[…]+21.3%

3–3level

108 High yield peers · each row scaled to its leader

How Bumpy Is HYFI?

View

HYFI

How Bumpy

1Y

0.3×the S&P 500’s swings

CalmerBumpierS&P 1×HYFI

Bumpiest of 7 high yield fundsHYFI

Other high yield funds0.2× to 0.3×

Alliance Bernstein HYFI · daily swings over the past year vs the S&P 500

HYFI

Worst Drop

1Y

−2.8%from its Aug 25 high

Still below the high−1.6%

$10,000 at the high is now$9,840

Alliance Bernstein HYFI · fall from the highest close, past year

HYFI

On a Bad Day

1Y

0.2×the S&P 500’s fall

HYFI’s worst day: Friday, Mar 20

HYFI

−1.0%

S&P 500

−1.4%

Up days47 of every 100

S&P 500 up days52 of every 100

Alliance Bernstein HYFI · average move on days the S&P 500 fell

HYFI

Return for the Bumps

1Y#2 of 7 high yield funds

#1BKLNInvesco

most for the bumps

#2HYFIAlliance Bernstein

less than cash

#3SHYGiShares

less than cash

#4JNKSPDR

less than cash

#5USHYiShares

less than cash

#6SPHYSPDR

less than cash

#7HYGiShares

less than cash

Ranked by return above cash for each unit of bumpiness (Sharpe ratio) · cash = 3.8%

HYFI

Cost

Today

$40a year per $10,000

SPHY

$5

USHY

$8

SHYG

$30

JNK

$40

HYFI

$40

HYG

$49

BKLN

$67

Expense ratio 0.40%, taken from the fund’s value

HYFI

Volatility & Beta

1Y

4.0%annual volatility

S&P 500 volatility13.6%

Downside volatility2.6%

Beta vs SPY0.19

Correlation vs SPY0.65

Beta rank, lowest first, of 7#3

Daily total returns × √252 · past 254 trading days

HYFI

Max Drawdown

1Y

−2.8%peak to trough

Peak closeAug 25, 2026

Current drawdown−1.6%

Worst day−0.96% · Mar 20

Closing prices, dividends in

HYFI

Up / Down Capture

1Y

21%down capture vs SPY

Down days

21%

Up days

22%

S&P 500

100%

Up ÷ down capture1.05

Up days46.9% (S&P 52.0%)

Average daily move on SPY up days and down days

HYFI

Sharpe & Sortino vs Peers

1Y

Fund	Sharpe	Sortino	Volatility	Max DD	Beta	Fee / $10k
BKLN	0.18	0.27	3.0%	−3.1%	0.13	$67
HYFI	−0.24	−0.36	4.0%	−2.8%	0.19	$40
SHYG	−0.25	−0.38	3.2%	−2.1%	0.17	$30
JNK	−0.32	−0.46	3.9%	−3.0%	0.21	$40
USHY	−0.32	−0.46	3.8%	−2.8%	0.21	$8
SPHY	−0.32	−0.47	3.8%	−2.8%	0.20	$5
HYG	−0.41	−0.59	3.9%	−2.9%	0.21	$49

Sharpe = (return − 3.8% cash) ÷ volatility · Sortino uses downside volatility only

HYFI

Trading

Today

+0.17%above its holdings’ value

Close$36.06

NAV$36.00

Fee per $10,000$40 a year

Avg. volume 30D84K shares

Premium / discount history starts once daily NAV is saved

Close vs net asset value, Nov 6

The Details

HYFI

Fund Facts

Today

2023launched May 12

Tracks[…]

Exchange · CUSIPAMEX · 00039J608

StructureETF

Leverage1x

Cost on $10,000$40 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

Alliance Bernstein HYFI · fund facts · as of Nov 9, 2026

HYFI

Payouts by Year

4Y

$0.22per share, Nov 2026

Distribution yield6.9%

PaidEvery month

Latest ex-date · paidNov 2 · Nov 5, 2026

12 payouts added up$2.47 a share

Alliance Bernstein HYFI · distributions by ex-date · 2023–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

Trading & Liquidity

Net asset value$36.00

Premium / discount[…]

Median spread · 30D[…]

Volume today43K

Average volume · 30D84K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.40%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$40.00

Our risk indicator2/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Nov 2, 2026	Nov 5, 2026	$0.22
Oct 1, 2026	Oct 6, 2026	$0.19
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

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Alliance Bernstein - AB High Yield ETFHYFI

HYFI in One Breath

Inside HYFI

All HYFI Holdings

How It Compares

Head to Head

How Bumpy Is HYFI?

The Details

Prospectus & Documents

Trading & Liquidity

Fees & Costs

Distributions