AB Corporate Bond ETF

AB Corporate Bond ETF (EYEG) is an actively managed AllianceBernstein fund that holds about 320 bonds. Most are investment-grade (higher-rated) corporate bonds, picked by a computer-driven model that scores factors such as value, momentum and quality. It pays income monthly and yielded 5.08% over the past year as of October 27, 2026. The trade-off is cost: its yearly fee of 0.30% is the highest among eight comparable funds, where the others average 0.07%.

• Over the year to Oct 27, 2026, EYEG returned -2.8%, 8th of 8 among similar funds.
• Its worst full calendar year was 2024 (+3.2%); its best was 2025 (+7.4%).
• The deepest fall in its price history was 4.9% (Feb 17, 2026 to Sep 30, 2026), not yet recovered.

As of Aug 31, 2026, the fund held 320 securities; the ten largest made up 5.06% of assets.

The bonds mature in 11.1 years on average (weighted by size), with an average coupon of 4.84%.

• Over the three months to Aug 31, 2026, investors added a net $1.7M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +0.14%, -1.82%, +0.46%.

EYEG is actively managed, so AllianceBernstein, not an index, decides what it owns; its prospectus compares returns with the Bloomberg US Corporate Bond Index. At least 80% of net assets normally go into investment-grade corporate bonds, which rating firms judge less likely to default. Most are US dollar bonds of any maturity from US and foreign companies, including emerging-market issuers. Up to 10% may be lower-rated "junk" bonds.

AllianceBernstein's models score each bond on six factor groups: value, momentum, size, quality, carry (income from holding a bond) and volatility. The firm then builds a portfolio within limits on credit quality, rate sensitivity and other risks. As of August 31, 2026, it had 320 holdings; the 10 largest, led by Huntington Bancshares, Alphabet, Westpac and NVIDIA bonds, were only 5.06% of assets. Turnover of 90% signals frequent trading.

It also uses derivatives, contracts whose value tracks other assets. The prospectus says interest-rate futures may adjust duration, a gauge of how much prices react to rates; as of August 31, 2026, it held six derivative positions, mainly US Treasury futures. Derivatives may also create exposure significantly above net assets, a form of leverage that magnifies gains and losses. Because shares are created and redeemed partly for cash, the fund may be less tax-efficient than ETFs that exchange securities instead of cash.

• EYEG charges 0.3% a year, versus an average of 0.07% for the similar funds below (8th of 8, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $31 in the first year and $381 over 10 years (assuming a 5% annual return).

It holds mostly investment-grade corporate bonds and pays monthly, yielding 5.08% over the past year as of October 27, 2026.

Launched in December 2023, EYEG missed the 2008 financial crisis, the 2020 COVID crash and the 2022 bear market, so its behavior in a severe shock is untested. Even its weakest calendar year, 2024, gained 3.16%. Its deepest drop was 4.9%, from February 17 to September 30, 2026, and it had not recovered as of October 27, 2026. Anyone cashing out shares then got less than at the peak; the monthly payouts provide cash without touching shares, though amounts vary. Bonds averaging 11.1 years to maturity make prices sensitive to rising rates.

The main drawback is cost: 0.30% a year, versus a 0.07% average for similar funds. On $10,000, the SEC's standard example shows $31 in costs after one year and $381 after 10 years. Past results don't predict future returns, and planning means looking at the whole portfolio, not one fund.

Matched by bond funds with the closest average maturity and issuer mix (N-PORT).