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 April 30, 2025, revealing a diversified fixed-income portfolio with total net assets of $958.23 million. The fund maintains a Net Asset Value of $11.11 with 1,244 total holdings. Key portfolio metrics include an average coupon of 7.79%, average bond price of 94.69, and effective duration of 3.00 years. The portfolio primarily consists of non-investment grade corporates (54.05%), with significant allocations to credit default swaps (19.53%) and investment-grade corporates (12.99%). Geographic exposure is predominantly in the United States (67.83%), while credit quality is concentrated in BB (44.49%) and B (24.75%) rated securities. The fund operates with 20.78% leverage through investment operations.

Positive

• Diversified portfolio across multiple sectors and geographies reduces risk
• Strong yield potential with 7.79% average coupon
• Majority of bonds (67.69%) in 1-5 year maturity range, reducing interest rate risk

Negative

• Significant exposure to high-yield bonds increases credit risk
• 20.78% leverage could amplify losses in market downturns
• High portfolio turnover of 45% may increase transaction costs

NEW YORK, May 23, 2025 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc. [NYSE: AWF] (the "Fund") today released its monthly portfolio update as of April 30, 2025.

AllianceBernstein Global High Income Fund, Inc.
Top 10 Fixed-Income Holdings		Portfolio %
1) U.S. Treasury Notes 2.25%, 02/15/27		1.10 %
2) CCO Holdings 4.50%, 08/15/30 - 06/01/33		0.84 %
3) CCO Holdings 4.75%, 02/01/32		0.67 %
4) EchoStar Corp. 10.75%, 11/30/29		0.62 %
5) Royal Caribbean Cruises 5.50%, 08/31/26 - 04/01/28		0.58 %
6) Altice France SA 5.125%, 01/15/29 - 07/15/29		0.55 %
7) DaVita, Inc. 4.625%, 06/01/30		0.51 %
8) AMMC CLO 25 Ltd. 11.006%, 04/15/35		0.50 %
9) NFE Financing LLC 12.00%, 11/15/29		0.47 %
10) Bausch Health Cos., Inc. 11.00%, 09/30/28		0.44 %
Investment Type		Portfolio %
Corporates - Non-Investment Grade
Industrial
Consumer Non-Cyclical		7.47 %
Communications - Media		7.11 %
Energy		6.98 %
Capital Goods		4.68 %
Communications - Telecommunications		4.41 %
Basic		4.24 %
Consumer Cyclical - Other		3.83 %
Consumer Cyclical - Retailers		3.55 %
Services		3.01 %
Consumer Cyclical - Automotive		2.31 %
Technology		1.94 %
Transportation - Services		1.76 %
Transportation - Airlines		0.92 %
Consumer Cyclical - Entertainment		0.73 %
Consumer Cyclical - Restaurants		0.67 %
Other Industrial		0.40 %
Transportation - Railroads		0.04 %
SUBTOTAL		54.05 %
Credit Default Swaps		19.53 %
Financial Institutions
Finance		2.38 %
Brokerage		1.32 %
REITs		1.28 %
Financial Services		0.79 %
Insurance		0.63 %
Banking		0.44 %
SUBTOTAL		6.84 %
Utility
Electric		1.08 %
Natural Gas		0.10 %
SUBTOTAL		1.18 %
SUBTOTAL		81.60 %
Corporates - Investment Grade
Industrial
Communications - Media		1.19 %
Energy		1.08 %
Consumer Cyclical - Entertainment		0.96 %
Basic		0.92 %
Consumer Cyclical - Other		0.81 %
Consumer Cyclical - Automotive		0.64 %
Consumer Non-Cyclical		0.48 %
Transportation - Airlines		0.29 %
Consumer Cyclical - Retailers		0.27 %
Transportation - Services		0.16 %
Other Industrial		0.06 %
Services		0.06 %
Capital Goods		0.03 %
Transportation - Railroads		0.03 %
SUBTOTAL		6.98 %
Financial Institutions
Banking		3.30 %
Insurance		0.53 %
Finance		0.52 %
REITs		0.39 %
Brokerage		0.14 %
SUBTOTAL		4.88 %
Utility
Electric		1.08 %
Other Utility		0.05 %
SUBTOTAL		1.13 %
SUBTOTAL		12.99 %
Emerging Markets - Corporate Bonds
Industrial
Basic		1.72 %
Energy		1.10 %
Consumer Cyclical - Other		0.99 %
Consumer Non-Cyclical		0.81 %
Capital Goods		0.39 %
Communications - Telecommunications		0.20 %
Transportation - Services		0.12 %
Communications - Media		0.07 %
Consumer Cyclical - Retailers		0.05 %
Other Industrial		0.03 %
SUBTOTAL		5.48 %
Utility
Electric		0.41 %
Other Utility		0.10 %
SUBTOTAL		0.51 %
Financial Institutions
Banking		0.22 %
SUBTOTAL		0.22 %
SUBTOTAL		6.21 %
Bank Loans
Industrial
Technology		1.36 %
Consumer Non-Cyclical		1.08 %
Communications - Media		0.79 %
Communications - Telecommunications		0.40 %
Capital Goods		0.36 %
Consumer Cyclical - Retailers		0.25 %
Transportation - Airlines		0.22 %
Transportation - Services		0.17 %
Other Industrial		0.15 %
Consumer Cyclical - Automotive		0.10 %
Energy		0.09 %
Consumer Cyclical - Other		0.05 %
Consumer Cyclical - Restaurants		0.02 %
SUBTOTAL		5.04 %
Financial Institutions
Insurance		0.54 %
Brokerage		0.16 %
Banking		0.02 %
SUBTOTAL		0.72 %
Utility
Electric		0.17 %
SUBTOTAL		0.17 %
SUBTOTAL		5.93 %
Interest Rate Futures		2.87 %
Collateralized Mortgage Obligations
Risk Share Floating Rate		1.44 %
Non-Agency Fixed Rate		0.30 %
Non-Agency Floating Rate		0.28 %
Agency Fixed Rate		0.20 %
SUBTOTAL		2.22 %
Emerging Markets - Sovereigns
Emerging Markets - Sovereigns		2.22 %
Credit Default Swaps		-0.25 %
SUBTOTAL		1.97 %
U.S. Govt & Agency Securities		1.68 %
Collateralized Loan Obligations
CLO - Floating Rate		1.62 %
SUBTOTAL		1.62 %
Quasi-Sovereigns
Quasi-Sovereign Bonds		1.55 %
SUBTOTAL		1.55 %
EM Government Agencies		0.53 %
Local Governments - US Municipal Bonds		0.40 %
Commercial Mortgage-Backed Securities
Non-Agency Fixed Rate CMBS		0.26 %
SUBTOTAL		0.26 %
Emerging Markets - Treasuries		0.26 %
Inflation-Linked Securities		0.25 %
Asset-Backed Securities
Other ABS - Floating Rate		0.17 %
Autos - Fixed Rate		0.07 %
SUBTOTAL		0.24 %
Common Stocks		0.20 %
Preferred Stocks
Industrials		0.11 %
SUBTOTAL		0.11 %
Governments - Sovereign Agencies		0.05 %
Forward Currency Exchange Contracts
Currency Instruments		-0.40 %
SUBTOTAL		-0.40 %
Reverse Repurchase Agreements		-0.57 %
Cash & Cash Equivalents
Funds and Investment Trusts		1.67 %
Cash		0.40 %
SUBTOTAL		2.07 %
Derivative Offsets
Futures Offsets		-2.77 %
Swap Offsets		-19.27 %
SUBTOTAL		-22.04 %
TOTAL		100.00 %
Country Breakdown		Portfolio %
United States		67.83 %
United Kingdom		3.21 %
France		2.97 %
Canada		2.43 %
Brazil		1.79 %
Mexico		1.64 %
Italy		1.37 %
Colombia		1.14 %
Germany		1.14 %
Spain		1.14 %
India		0.93 %
Australia		0.85 %
Luxembourg		0.81 %
Israel		0.77 %
Turkey		0.77 %
Chile		0.65 %
Netherlands		0.59 %
Nigeria		0.58 %
South Africa		0.54 %
Hong Kong		0.53 %
Macau		0.52 %
Dominican Republic		0.41 %
Peru		0.40 %
Angola		0.35 %
Puerto Rico		0.35 %
China		0.34 %
Finland		0.32 %
Kazakhstan		0.31 %
Indonesia		0.30 %
Switzerland		0.28 %
Jersey (Channel Islands)		0.26 %
Egypt		0.24 %
Panama		0.24 %
Ireland		0.22 %
Slovenia		0.22 %
Zambia		0.21 %
Romania		0.18 %
Senegal		0.18 %
Norway		0.17 %
Cayman Islands		0.14 %
El Salvador		0.12 %
Guatemala		0.12 %
Azerbaijan		0.11 %
Morocco		0.10 %
Ukraine		0.10 %
Uzbekistan		0.10 %
Malaysia		0.08 %
Argentina		0.05 %
Jamaica		0.05 %
Austria		0.04 %
Czech Republic		0.04 %
Kuwait		0.04 %
Serbia		0.03 %
Japan		0.02 %
Trinidad and Tobago		0.02 %
Cash & Cash Equivalents		1.66 %
Total Investments		100.00 %
Net Currency Exposure Breakdown		Portfolio %
US Dollar		99.98 %
Canadian Dollar		0.18 %
Pound Sterling		0.13 %
Norwegian Krone		0.02 %
Brazilian Real		0.01 %
Indonesian Rupiah		0.01 %
Indian Rupee		0.01 %
New Zealand Dollar		0.01 %
South African Rand		0.01 %
Swiss Franc		-0.01 %
Czech Koruna		-0.01 %
Mexican Peso		-0.01 %
Polish Zloty		-0.01 %
Singapore Dollar		-0.01 %
Euro		-0.31 %
Total Net Assets		100.00 %
Credit Rating		Portfolio %
AAA		1.39 %
AA		0.18 %
A		0.55 %
BBB		15.09 %
BB		44.49 %
B		24.75 %
CCC		8.32 %
CC		0.13 %
C		0.12 %
Not Rated		2.67 %
Short Term Investments		1.67 %
Reverse Repurchase Agreements		-0.57 %
N/A		1.21 %
Total		100.00 %
Bonds by Maturity		Portfolio %
Less than 1 Year		6.72 %
1 to 5 Years		67.69 %
5 to 10 Years		20.87 %
10 to 20 Years		2.43 %
20 to 30 Years		1.14 %
More than 30 Years		0.95 %
Other		0.20 %
Total Net Assets		100.00 %
Portfolio Statistics:
Average Coupon:		7.79 %
Average Bond Price:		94.69
Percentage of Leverage(based on gross assets):
Bank Borrowing:		0.00 %
Investment Operations:*		20.78 %
Preferred Stock:		0.00 %
Tender Option Bonds:		0.00 %
VMTP Shares:		0.00 %
VRDP Shares:		0.00 %
Total Fund Leverage:		20.78 %
Average Maturity:		4.70 Years
Effective Duration:		3.00 Years
Total Net Assets:		$958.23 Million
Net Asset Value:		$11.11
Total Number of Holdings:		1,244
Portfolio Turnover:		45.00 %

* 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.

 

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SOURCE AllianceBernstein Global High Income Fund, Inc.

FAQ

What is the current Net Asset Value (NAV) of AllianceBernstein Global High Income Fund (AWF)?

The Net Asset Value (NAV) of AWF is $11.11 as of April 30, 2025.

How many holdings does AWF have in its portfolio?

AWF has 1,244 total holdings in its portfolio.

What is the credit quality breakdown of AWF's portfolio?

The portfolio is primarily invested in BB (44.49%) and B (24.75%) rated securities, with smaller allocations to BBB (15.09%) and CCC (8.32%) ratings.

What is the geographic distribution of AWF's investments?

The fund is primarily invested in U.S. securities (67.83%), followed by United Kingdom (3.21%), France (2.97%), and Canada (2.43%).

How much leverage does AWF use in its portfolio?

AWF employs 20.78% leverage through investment operations, with no bank borrowing or preferred stock leverage.