No. of Recommendations: 2
Not sure why Morning* says the average bond rating is BB.
According to AB, 79% or so of the holdings are investment grade, with more than 50% in AAA rated instruments. I can't imagine the derrivatives would be enough to bring the average rating below investment grade.

https://www.alliancebernstein.com/abcom/Product_Center/3_Veh...
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