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

AWF reports a high-yield, U.S.-tilted bond portfolio with moderate leverage, short duration and detailed credit quality and country breakdowns.

Rhea-AI Summary

AllianceBernstein Global High Income Fund (AWF) released a detailed portfolio snapshot as of August 31, 2026, covering asset mix, credit quality, geography and risk metrics.

Total net assets were $973.28 million with a net asset value of $11.29 per share and total fund leverage of 8.67%, all from investment operations. The portfolio held 1,186 positions, an average coupon of 7.22%, average bond price of 97.23, average maturity of 4.22 years and effective duration of 3.01 years. High yield exposure was prominent, with BB and B rated securities at 45.00% and 25.74% of the portfolio, respectively. U.S. risk represented 69.44% of country exposure, and U.S. Treasury Notes 2.25% due 02/15/27 were the largest single holding at 1.10% of assets.

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NEW YORK, Sept. 21, 2026 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc. [NYSE: AWF] (the "Fund") today released its monthly portfolio update as of August 31, 2026.

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) Sopaipilla Investor LLC 7.534%, 11/30/48		0.62 %
3) 1261229 BC Ltd. 10.00%, 04/15/32		0.58 %
4) DISH DBS Corp. 5.75%, 12/01/28		0.48 %
5) DaVita, Inc. 4.625%, 06/01/30		0.47 %
6) Galaxy Helios Data Centers II 9.875%, 08/01/31		0.41 %
7) Advance Auto Parts, Inc. 7.00%, 08/01/30		0.40 %
8) Tenet Healthcare Corp. 5.50%, 11/15/32		0.39 %
9) Allied Universal Holdco/Allied Universal Finance Corp. 4.625%, 06/01/28		0.38 %
10) TransDigm, Inc. 6.00%, 01/15/33		0.38 %
Investment Type		Portfolio %
Corporates - Non-Investment Grade
Industrial
Consumer Non-Cyclical		7.55 %
Communications - Media		5.41 %
Energy		5.39 %
Consumer Cyclical - Other		5.02 %
Capital Goods		4.81 %
Technology		4.62 %
Consumer Cyclical - Retailers		4.45 %
Basic		3.56 %
Services		3.27 %
Communications - Telecommunications		3.04 %
Consumer Cyclical - Automotive		2.58 %
Transportation - Services		1.43 %
Consumer Cyclical - Entertainment		0.88 %
Transportation - Airlines		0.87 %
Other Industrial		0.85 %
Consumer Cyclical - Restaurants		0.23 %
SUBTOTAL		53.96 %
Credit Default Swaps		13.39 %
Financial Institutions
Finance		3.41 %
Insurance		1.90 %
Financial Services		1.62 %
Brokerage		1.02 %
REITs		0.70 %
Banking		0.69 %
SUBTOTAL		9.34 %
Utility
Electric		0.88 %
Natural Gas		0.09 %
SUBTOTAL		0.97 %
SUBTOTAL		77.66 %
Corporates - Investment Grade
Industrial
Energy		1.57 %
Consumer Cyclical - Other		1.31 %
Communications - Telecommunications		1.17 %
Basic		0.78 %
Consumer Non-Cyclical		0.71 %
Consumer Cyclical - Automotive		0.65 %
Communications - Media		0.60 %
Consumer Cyclical - Entertainment		0.35 %
Transportation - Services		0.28 %
Technology		0.24 %
Other Industrial		0.19 %
Consumer Cyclical - Restaurants		0.17 %
Consumer Cyclical - Retailers		0.17 %
Services		0.05 %
Transportation - Railroads		0.03 %
SUBTOTAL		8.27 %
Financial Institutions
Banking		2.95 %
Insurance		0.96 %
REITs		0.84 %
Finance		0.68 %
Brokerage		0.01 %
SUBTOTAL		5.44 %
Utility
Electric		1.08 %
Other Utility		0.02 %
SUBTOTAL		1.10 %
SUBTOTAL		14.81 %
Interest Rate Swaps		6.24 %
Bank Loans
Industrial
Technology		1.59 %
Communications - Media		0.89 %
Communications - Telecommunications		0.44 %
Consumer Non-Cyclical		0.35 %
Other Industrial		0.21 %
Energy		0.20 %
Consumer Cyclical - Retailers		0.17 %
Services		0.16 %
Consumer Cyclical - Other		0.12 %
Transportation - Airlines		0.09 %
Basic		0.06 %
Consumer Cyclical - Automotive		0.06 %
SUBTOTAL		4.34 %
Financial Institutions
Insurance		0.68 %
Financial Services		0.27 %
Finance		0.14 %
Banking		0.02 %
SUBTOTAL		1.11 %
SUBTOTAL		5.45 %
Emerging Markets - Corporate Bonds
Industrial
Energy		1.25 %
Basic		1.04 %
Consumer Cyclical - Other		0.77 %
Consumer Non-Cyclical		0.28 %
Communications - Telecommunications		0.20 %
Capital Goods		0.18 %
Transportation - Services		0.08 %
Communications - Media		0.02 %
Services		0.02 %
SUBTOTAL		3.84 %
Utility
Electric		0.44 %
Other Utility		0.02 %
SUBTOTAL		0.46 %
Financial Institutions
Banking		0.25 %
REITs		0.10 %
SUBTOTAL		0.35 %
SUBTOTAL		4.65 %
EM Governments		3.65 %
Interest Rate Futures		1.71 %
U.S. Govt & Agency Securities		1.66 %
Quasi-Sovereigns
Quasi-Sovereign Bonds		0.86 %
SUBTOTAL		0.86 %
Collateralized Mortgage Obligations
Non-Agency Fixed Rate		0.27 %
Non-Agency Floating Rate		0.24 %
Agency Fixed Rate		0.14 %
SUBTOTAL		0.65 %
Asset-Backed Securities
Other ABS - Fixed Rate		0.61 %
SUBTOTAL		0.61 %
Common Stocks		0.46 %
Inflation-Linked Securities		0.35 %
Local Governments - US Municipal Bonds		0.35 %
Emerging Markets - Treasuries		0.30 %
Preferred Stocks
Industrials		0.22 %
SUBTOTAL		0.22 %
Collateralized Loan Obligations
CLO - Floating Rate		0.21 %
SUBTOTAL		0.21 %
Commercial Mortgage-Backed Securities
Non-Agency Fixed Rate CMBS		0.14 %
SUBTOTAL		0.14 %
Rights
Communication Services		0.01 %
SUBTOTAL		0.01 %
Reverse Repurchase Agreements		-1.47 %
Cash & Cash Equivalents
Funds and Investment Trusts		1.24 %
Cash		1.21 %
Corporates - Non-Investment Grade		0.06 %
SUBTOTAL		2.51 %
Derivative Offsets
Futures Offsets		-1.71 %
Swap Offsets		-19.32 %
SUBTOTAL		-21.03 %
TOTAL		100.00 %
Country Breakdown		Portfolio %
United States		69.44 %
United Kingdom		3.51 %
Canada		2.95 %
France		2.65 %
Italy		1.42 %
Mexico		1.23 %
Brazil		1.22 %
Colombia		1.22 %
Spain		0.99 %
India		0.90 %
Germany		0.79 %
Luxembourg		0.76 %
Turkey		0.69 %
Japan		0.65 %
Australia		0.57 %
Israel		0.45 %
Hong Kong		0.44 %
Argentina		0.41 %
Ireland		0.41 %
Macau		0.41 %
South Africa		0.41 %
Chile		0.40 %
Nigeria		0.39 %
Norway		0.37 %
Puerto Rico		0.34 %
Indonesia		0.32 %
Jersey (Channel Islands)		0.32 %
Costa Rica		0.31 %
China		0.29 %
Egypt		0.29 %
Denmark		0.28 %
Switzerland		0.28 %
Cayman Islands		0.26 %
Ecuador		0.26 %
Angola		0.25 %
Trinidad and Tobago		0.25 %
Senegal		0.24 %
Dominican Republic		0.22 %
El Salvador		0.20 %
Peru		0.20 %
Romania		0.20 %
Netherlands		0.18 %
Guatemala		0.17 %
Ukraine		0.15 %
Bahrain		0.11 %
Kazakhstan		0.11 %
Kenya		0.11 %
Slovenia		0.11 %
Zambia		0.11 %
Panama		0.09 %
Malaysia		0.08 %
Finland		0.07 %
Belgium		0.05 %
Ghana		0.05 %
Jamaica		0.05 %
Uzbekistan		0.05 %
Serbia		0.03 %
Austria		0.02 %
Morocco		0.02 %
Cash & Cash Equivalents		1.25 %
Total Investments		100.00 %
Net Currency Exposure Breakdown		Portfolio %
US Dollar		100.06 %
Canadian Dollar		0.19 %
Pound Sterling		0.17 %
Brazilian Real		0.16 %
Colombian Peso		0.04 %
Norwegian Krone		0.02 %
Indonesian Rupiah		0.01 %
Indian Rupee		0.01 %
South African Rand		0.01 %
Australian Dollar		-0.01 %
Chilean Peso		-0.01 %
Czech Koruna		-0.01 %
Peruvian Sol		-0.01 %
Euro		-0.63 %
Total Net Assets		100.00 %
Credit Rating		Portfolio %
AAA		2.71 %
AA		-0.96 %
A		1.30 %
BBB		14.26 %
BB		45.00 %
B		25.74 %
CCC		5.89 %
CC		0.26 %
C		0.61 %
D		1.10 %
Not Rated		1.78 %
Short Term Investments		1.30 %
Reverse Repurchase Agreements		-1.47 %
N/A		2.48 %
Total		100.00 %
Bonds by Maturity		Portfolio %
Less than 1 Year		13.10 %
1 to 5 Years		64.55 %
5 to 10 Years		15.95 %
10 to 20 Years		4.11 %
20 to 30 Years		1.54 %
More than 30 Years		0.29 %
Other		0.46 %
Total Net Assets		100.00 %
Portfolio Statistics:
Average Coupon:		7.22 %
Average Bond Price:		97.23
Percentage of Leverage(based on gross assets):
Bank Borrowing:		0.00 %
Investment Operations:*		8.67 %
Preferred Stock:		0.00 %
Tender Option Bonds:		0.00 %
VMTP Shares:		0.00 %
VRDP Shares:		0.00 %
Total Fund Leverage:		8.67 %
Average Maturity:		4.22 Years
Effective Duration:		3.01 Years
Total Net Assets:		$973.28 Million
Net Asset Value:		$11.29
Total Number of Holdings:		1,186
Portfolio Turnover:		73.00 %
* 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What are AWF’s largest sector exposures in non-investment-grade corporate bonds?

Within corporates rated below investment grade, the largest industrial sector weights were Consumer Non-Cyclical at 7.55%, Communications - Media at 5.41%, Energy at 5.39%, Consumer Cyclical - Other at 5.02% and Capital Goods at 4.81% of the portfolio.

How is AWF’s portfolio allocated by bond maturity buckets?

Bonds maturing in 1 to 5 years represented 64.55% of net assets, less than 1 year 13.10%, 5 to 10 years 15.95%, 10 to 20 years 4.11%, 20 to 30 years 1.54%, more than 30 years 0.29%, and other maturities 0.46%.

How concentrated is AWF’s portfolio geographically?

The United States accounted for 69.44% of country exposure. The next largest were the United Kingdom at 3.51%, Canada at 2.95%, France at 2.65%, and Italy at 1.42%, with smaller weights across a wide range of other developed and emerging markets.

What is AWF’s net currency exposure?

Net currency exposure was concentrated in the US Dollar at 100.06% of the portfolio. Small positive exposures included the Canadian dollar (0.19%), pound sterling (0.17%), Brazilian real (0.16%) and several emerging market currencies, partly offset by a net -0.63% exposure to the euro and small negatives in a few other currencies.

How does AWF use derivatives and leverage in its strategy snapshot?

Leverage was provided through 8.67% from investment operations, with no bank borrowing or preferred share leverage. The portfolio included 13.39% in credit default swaps, 6.24% in interest rate swaps and 1.71% in interest rate futures, along with derivative offsets of -1.71% for futures and -19.32% for swaps, which the company describes as part of its portfolio management techniques.

Who manages AWF and can these portfolio characteristics change?

The fund is a closed-end, U.S.-registered management investment company advised by AllianceBernstein L.P.. The portfolio characteristics and allocations are as of August 31, 2026 and, as the company notes, can be expected to change over time.