AllianceBernstein Global High Income Fund, Inc. RELEASES MONTHLY PORTFOLIO UPDATE

Rhea-AI Summary

AllianceBernstein Global High Income Fund (NYSE: AWF) released its monthly portfolio update as of Nov 30, 2025. Key portfolio metrics: Total net assets $989.37M, NAV $11.47, Average coupon 7.30%, Effective duration 2.94 years, and Total fund leverage 13.44%. Credit quality is concentrated in below-investment-grade names: BB 46.65%, B 23.87%, CCC 7.94%. Sector and instrument mix highlights include 55.37% non-investment-grade corporates, 13.31% credit default swaps, bank loans 5.45%, emerging-market corporates 5.57%, and U.S. government securities 1.65%.

Positive

• Total net assets reported at $989.37M
• Average coupon of 7.30% supports income potential
• Total fund leverage at 13.44% (targeted income enhancement)
• Average maturity of 4.23 years limits long-term rate exposure

Negative

• 68.00% portfolio turnover implies higher trading costs
• High concentration in below-investment-grade: BB 46.65%
• Significant derivative offsets: -15.15% (swap/futures offsets)

NEW YORK, Dec. 29, 2025 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc. [NYSE: AWF] (the "Fund") today released its monthly portfolio update as of November 30, 2025.

AllianceBernstein Global High Income Fund, Inc.
Top 10 Fixed-Income Holdings		Portfolio %
1) U.S. Treasury Notes 2.25%, 02/15/27		1.08 %
2) Bausch Health Cos., Inc. 11.00%, 09/30/28		0.53 %
3) DaVita, Inc. 4.625%, 06/01/30		0.46 %
4) Warnermedia Holdings 5.05%, 03/15/42		0.46 %
5) Societe Generale SA 5.512%, 05/22/31		0.44 %
6) Advance Auto Parts, Inc. 7.00%, 08/01/30		0.44 %
7) Dominican Republic Intl Bond 8.625%, 04/20/27		0.40 %
8) Tenet Healthcare Corp. 5.50%, 11/15/32		0.39 %
9) Millennium Escrow Corp. 6.625%, 08/01/26		0.39 %
10) Altice France SA 6.50%, 10/15/31 - 04/15/32		0.39 %
Investment Type		Portfolio %
Corporates - Non-Investment Grade
Industrial
Consumer Non-Cyclical		8.19 %
Communications - Media		6.69 %
Energy		6.47 %
Consumer Cyclical - Retailers		4.95 %
Capital Goods		4.78 %
Consumer Cyclical - Other		4.36 %
Basic		3.73 %
Communications - Telecommunications		3.30 %
Services		3.18 %
Consumer Cyclical - Automotive		2.69 %
Technology		2.40 %
Transportation - Services		1.83 %
Consumer Cyclical - Entertainment		0.84 %
Consumer Cyclical - Restaurants		0.72 %
Other Industrial		0.68 %
Transportation - Airlines		0.54 %
Transportation - Railroads		0.02 %
SUBTOTAL		55.37 %
Credit Default Swaps		13.31 %
Financial Institutions
Finance		2.36 %
REITs		1.38 %
Brokerage		1.03 %
Financial Services		1.00 %
Insurance		0.67 %
Banking		0.46 %
SUBTOTAL		6.90 %
Utility
Electric		1.36 %
Natural Gas		0.05 %
SUBTOTAL		1.41 %
SUBTOTAL		76.99 %
Corporates - Investment Grade
Industrial
Energy		1.82 %
Consumer Cyclical - Other		1.41 %
Consumer Cyclical - Automotive		0.82 %
Basic		0.71 %
Consumer Cyclical - Entertainment		0.59 %
Communications - Media		0.57 %
Consumer Non-Cyclical		0.42 %
Transportation - Services		0.27 %
Technology		0.26 %
Consumer Cyclical - Retailers		0.21 %
Communications - Telecommunications		0.20 %
Transportation - Airlines		0.11 %
Other Industrial		0.07 %
Services		0.05 %
Transportation - Railroads		0.03 %
SUBTOTAL		7.54 %
Financial Institutions
Banking		3.56 %
REITs		0.66 %
Insurance		0.64 %
Finance		0.47 %
Brokerage		0.13 %
SUBTOTAL		5.46 %
Utility
Electric		0.91 %
Other Utility		0.05 %
SUBTOTAL		0.96 %
SUBTOTAL		13.96 %
Emerging Markets - Corporate Bonds
Industrial
Basic		1.61 %
Energy		1.05 %
Consumer Cyclical - Other		0.85 %
Consumer Non-Cyclical		0.58 %
Transportation - Services		0.19 %
Capital Goods		0.16 %
Communications - Telecommunications		0.16 %
Communications - Media		0.02 %
Services		0.02 %
SUBTOTAL		4.64 %
Utility
Electric		0.48 %
Other Utility		0.10 %
SUBTOTAL		0.58 %
Financial Institutions
Banking		0.25 %
Finance		0.05 %
REITs		0.05 %
SUBTOTAL		0.35 %
SUBTOTAL		5.57 %
Bank Loans
Industrial
Technology		1.60 %
Consumer Non-Cyclical		0.85 %
Communications - Media		0.68 %
Communications - Telecommunications		0.35 %
Other Industrial		0.31 %
Capital Goods		0.21 %
Transportation - Services		0.17 %
Consumer Cyclical - Retailers		0.13 %
Consumer Cyclical - Other		0.12 %
Transportation - Airlines		0.10 %
Consumer Cyclical - Automotive		0.08 %
Basic		0.05 %
SUBTOTAL		4.65 %
Financial Institutions
Insurance		0.29 %
Financial Services		0.19 %
Brokerage		0.15 %
Finance		0.15 %
Banking		0.02 %
SUBTOTAL		0.80 %
SUBTOTAL		5.45 %
Emerging Markets - Sovereigns
Emerging Markets - Sovereigns		2.99 %
Credit Default Swaps		-0.25 %
SUBTOTAL		2.74 %
Interest Rate Futures		2.03 %
U.S. Govt & Agency Securities		1.65 %
Collateralized Mortgage Obligations
Risk Share Floating Rate		0.88 %
Non-Agency Fixed Rate		0.28 %
Non-Agency Floating Rate		0.26 %
Agency Fixed Rate		0.16 %
SUBTOTAL		1.58 %
Quasi-Sovereigns
Quasi-Sovereign Bonds		1.38 %
SUBTOTAL		1.38 %
EM Governments		0.72 %
Local Governments - US Municipal Bonds		0.38 %
Common Stocks		0.33 %
Inflation-Linked Securities		0.28 %
Emerging Markets - Treasuries		0.28 %
Collateralized Loan Obligations
CLO - Floating Rate		0.21 %
SUBTOTAL		0.21 %
Commercial Mortgage-Backed Securities
Non-Agency Fixed Rate CMBS		0.18 %
SUBTOTAL		0.18 %
Asset-Backed Securities
Other ABS - Floating Rate		0.10 %
Autos - Fixed Rate		0.03 %
SUBTOTAL		0.13 %
Governments - Sovereign Agencies		0.05 %
Preferred Stocks
Industrials		0.03 %
SUBTOTAL		0.03 %
Rights
Industrial		0.01 %
SUBTOTAL		0.01 %
Forward Currency Exchange Contracts
Currency Instruments		-0.02 %
SUBTOTAL		-0.02 %
Reverse Repurchase Agreements		-0.43 %
Cash & Cash Equivalents
Cash		0.88 %
Funds and Investment Trusts		0.77 %
SUBTOTAL		1.65 %
Derivative Offsets
Futures Offsets		-2.01 %
Swap Offsets		-13.14 %
SUBTOTAL		-15.15 %
TOTAL		100.00 %
Country Breakdown		Portfolio %
United States		67.44 %
United Kingdom		3.09 %
France		2.97 %
Canada		2.89 %
Mexico		1.52 %
Brazil		1.39 %
Italy		1.26 %
Spain		1.23 %
Colombia		1.16 %
India		1.02 %
Germany		1.01 %
Luxembourg		0.90 %
Turkey		0.90 %
Australia		0.71 %
South Africa		0.68 %
Nigeria		0.63 %
Hong Kong		0.61 %
Chile		0.55 %
Israel		0.53 %
Japan		0.45 %
Ireland		0.41 %
Dominican Republic		0.40 %
Argentina		0.39 %
Finland		0.38 %
Netherlands		0.37 %
Indonesia		0.36 %
Peru		0.36 %
Norway		0.35 %
China		0.34 %
Macau		0.34 %
Denmark		0.33 %
Romania		0.33 %
Puerto Rico		0.29 %
Senegal		0.29 %
Jersey (Channel Islands)		0.28 %
Switzerland		0.28 %
Egypt		0.27 %
Guatemala		0.26 %
El Salvador		0.25 %
Slovenia		0.22 %
Panama		0.19 %
Ecuador		0.16 %
Kazakhstan		0.16 %
Uzbekistan		0.16 %
Zambia		0.16 %
Kenya		0.15 %
Angola		0.14 %
Azerbaijan		0.11 %
Ukraine		0.10 %
Poland		0.09 %
Malaysia		0.08 %
Trinidad and Tobago		0.06 %
Greece		0.05 %
Jamaica		0.05 %
Morocco		0.05 %
Kuwait		0.04 %
Serbia		0.03 %
Cash & Cash Equivalents		0.78 %
Total Investments		100.00 %
Net Currency Exposure Breakdown		Portfolio %
US Dollar		100.19 %
Canadian Dollar		0.17 %
Pound Sterling		0.14 %
Brazilian Real		0.03 %
Norwegian Krone		0.02 %
South African Rand		0.02 %
South Korean Won		0.01 %
Chilean Peso		-0.01 %
Euro		-0.57 %
Total Net Assets		100.00 %
Credit Rating		Portfolio %
AAA		2.31 %
AA		-1.17 %
A		0.90 %
BBB		14.51 %
BB		46.65 %
B		23.87 %
CCC		7.94 %
CC		0.25 %
C		0.11 %
D		0.06 %
Not Rated		1.99 %
Short Term Investments		0.77 %
Reverse Repurchase Agreements		-0.43 %
N/A		2.24 %
Total		100.00 %
Bonds by Maturity		Portfolio %
Less than 1 Year		12.71 %
1 to 5 Years		66.79 %
5 to 10 Years		15.88 %
10 to 20 Years		2.84 %
20 to 30 Years		1.10 %
More than 30 Years		0.35 %
Other		0.33 %
Total Net Assets		100.00 %
Portfolio Statistics:
Average Coupon:		7.30 %
Average Bond Price:		97.86
Percentage of Leverage(based on gross assets):
Bank Borrowing:		0.00 %
Investment Operations:*		13.44 %
Preferred Stock:		0.00 %
Tender Option Bonds:		0.00 %
VMTP Shares:		0.00 %
VRDP Shares:		0.00 %
Total Fund Leverage:		13.44 %
Average Maturity:		4.23 Years
Effective Duration:		2.94 Years
Total Net Assets:		$989.37 Million
Net Asset Value:		$11.47
Total Number of Holdings:		1,260
Portfolio Turnover:		68.00 %
* Investment Operations may include the use of certain portfolio management techniques such as credit
default swaps, dollar rolls, negative cash, reverse repurchase agreements and when-issued securities.
The foregoing portfolio characteristics are as of the date indicated and can be expected to change. The
Fund is a closed-end U.S.-registered management investment company advised by AllianceBernstein L. P.

 

View original content:https://www.prnewswire.com/news-releases/alliancebernstein-global-high-income-fund-inc-releases-monthly-portfolio-update-302650269.html

SOURCE AllianceBernstein Global High Income Fund, Inc.

FAQ

What were AWF's total net assets and NAV as of Nov 30, 2025?

Total net assets were $989.37M and NAV was $11.47.

How much leverage did AllianceBernstein Global High Income Fund (AWF) report?

The fund reported total leverage of 13.44% based on gross assets.

What is AWF's credit-quality profile on Nov 30, 2025?

AWF is concentrated in lower grades: BB 46.65%, B 23.87%, CCC 7.94%.

What income-related metrics does AWF show in the Nov 2025 update?

Key income metrics: average coupon 7.30% and holdings across high-yield corporates and CDS.

What is AWF's effective duration and average maturity?

Effective duration is 2.94 years and average maturity is 4.23 years.

How large is AWF's exposure to credit default swaps and derivatives?

Credit default swaps are 13.31% and derivative offsets total -15.15%.