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

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AllianceBernstein Global High Income Fund (AWF) released its monthly portfolio update as of April 30, 2024.

Top holdings include U.S. Treasury Notes (2.25%), CCO Holdings (4.50% and 4.75%), and Dominican Republic Intl Bond (8.625%).

The fund primarily invests in non-investment grade corporate bonds, with significant allocations in industrial (6.96%) and consumer non-cyclical sectors (6.73%).

Country exposure is concentrated in the U.S. (68.36%), with smaller allocations to the UK, France, and others.

The portfolio's average maturity is 5.84 years, with an effective duration of 3.36 years, and a leverage of 19.01%.

The net asset value stands at $11.01, with total net assets of $949.50 million.

Positive

• Significant exposure to U.S. Treasury Notes (1.06%) offering stability.
• High average coupon rate of 7.51% indicating strong income potential.
• Diverse portfolio with 1,340 holdings reducing individual asset risk.
• Effective duration of 3.36 years balancing interest rate risk.
• Strong country diversification with 68.36% in the U.S. and exposure across various nations.

Negative

• High concentration in non-investment grade bonds (41.91% BB, 21.26% B, 7.90% CCC) increasing credit risk.
• Leverage of 19.01% amplifying potential losses during market downturns.
• Exposure to sectors like energy (6.96%) and consumer cyclical (various subcategories totaling over 10%) which can be volatile.
• Credit default swaps and other derivatives (16.41%) can add complexity and risk.

NEW YORK, May 24, 2024 /PRNewswire/ --  AllianceBernstein Global High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of April 30, 2024.

AllianceBernstein Global High Income Fund, Inc.

Top 10 Fixed-Income Holdings		Portfolio %
1) U.S. Treasury Notes 2.25%, 02/15/27		1.06 %
2) CCO Holdings 4.50%, 08/15/30 - 06/01/33		0.63 %
3) Dominican Republic Intl Bond 8.625%, 04/20/27		0.62 %
4) CCO Holdings 4.75%, 02/01/32		0.58 %
5) Royal Caribbean Cruises 5.50%, 08/31/26 - 04/01/28		0.53 %
6) AMMC CLO 25 Ltd. 12.919%, 04/15/35		0.53 %
7) Palmer Square CLO Ltd. 11.74%, 01/15/35		0.43 %
8) Allied Universal Holdco/Allied Universal Finance Corp. 4.625%, 06/01/28		0.42 %
9) Carnival Holdings Bermuda 10.375%, 05/01/28		0.41 %
10) Balboa Bay Loan Funding 13.255%, 04/20/34		0.39 %
Investment Type		Portfolio %
Corporates - Non-Investment Grade
Industrial
Energy		6.96 %
Consumer Non-Cyclical		6.73 %
Communications - Media		6.49 %
Capital Goods		4.29 %
Basic		3.52 %
Services		3.40 %
Consumer Cyclical - Other		3.18 %
Consumer Cyclical - Retailers		2.86 %
Technology		2.76 %
Communications - Telecommunications		2.47 %
Consumer Cyclical - Automotive		2.42 %
Consumer Cyclical - Entertainment		2.27 %
Transportation - Services		1.14 %
Transportation - Airlines		0.84 %
Consumer Cyclical - Restaurants		0.24 %
Other Industrial		0.23 %
SUBTOTAL		49.80 %
Credit Default Swaps		16.41 %
Financial Institutions
Finance		2.24 %
REITs		1.28 %
Insurance		1.07 %
Brokerage		0.82 %
Banking		0.36 %
Other Finance		0.36 %
SUBTOTAL		6.13 %
Utility
Electric		0.48 %
Natural Gas		0.07 %
SUBTOTAL		0.55 %
SUBTOTAL		72.89 %
Corporates - Investment Grade
Industrial
Consumer Cyclical - Automotive		2.13 %
Energy		1.67 %
Consumer Non-Cyclical		1.08 %
Communications - Media		0.99 %
Basic		0.94 %
Consumer Cyclical - Other		0.79 %
Capital Goods		0.41 %
Consumer Cyclical - Retailers		0.29 %
Transportation - Services		0.20 %
Consumer Cyclical - Entertainment		0.12 %
Transportation - Airlines		0.12 %
Communications - Telecommunications		0.09 %
Technology		0.07 %
Services		0.04 %
Transportation - Railroads		0.03 %
SUBTOTAL		8.97 %
Financial Institutions
Banking		6.57 %
Insurance		1.16 %
Finance		0.84 %
REITs		0.17 %
Brokerage		0.16 %
SUBTOTAL		8.90 %
Utility
Electric		1.08 %
Other Utility		0.05 %
SUBTOTAL		1.13 %
SUBTOTAL		19.00 %
Emerging Markets - Corporate Bonds
Industrial
Basic		1.66 %
Consumer Cyclical - Other		1.04 %
Consumer Non-Cyclical		0.77 %
Energy		0.76 %
Technology		0.20 %
Consumer Cyclical - Retailers		0.17 %
Capital Goods		0.16 %
Communications - Media		0.15 %
Consumer Cyclical - Automotive		0.05 %
Transportation - Services		0.05 %
Communications - Telecommunications		0.04 %
Services		0.04 %
SUBTOTAL		5.09 %
Utility
Electric		0.30 %
Other Utility		0.07 %
SUBTOTAL		0.37 %
Financial Institutions
Banking		0.10 %
Other Finance		0.02 %
SUBTOTAL		0.12 %
SUBTOTAL		5.58 %
Interest Rate Futures		4.22 %
Collateralized Loan Obligations
CLO - Floating Rate		3.81 %
SUBTOTAL		3.81 %
Collateralized Mortgage Obligations
Risk Share Floating Rate		2.32 %
Non-Agency Fixed Rate		0.33 %
Non-Agency Floating Rate		0.30 %
Agency Fixed Rate		0.24 %
SUBTOTAL		3.19 %
Bank Loans
Industrial
Consumer Non-Cyclical		0.55 %
Technology		0.48 %
Communications - Telecommunications		0.37 %
Energy		0.36 %
Communications - Media		0.27 %
Capital Goods		0.22 %
Other Industrial		0.22 %
Consumer Cyclical - Automotive		0.07 %
Consumer Cyclical - Retailers		0.05 %
Transportation - Airlines		0.05 %
Consumer Cyclical - Restaurants		0.02 %
SUBTOTAL		2.66 %
Financial Institutions
Insurance		0.33 %
Finance		0.02 %
SUBTOTAL		0.35 %
Utility
Electric		0.18 %
SUBTOTAL		0.18 %
SUBTOTAL		3.19 %
Emerging Markets - Sovereigns
Emerging Markets - Sovereigns		2.35 %
Credit Default Swaps		0.27 %
SUBTOTAL		2.62 %
Commercial Mortgage-Backed Securities
Credit Default Swaps		1.28 %
Non-Agency Fixed Rate CMBS		0.39 %
Non-Agency Floating Rate CMBS		0.03 %
SUBTOTAL		1.70 %
U.S. Govt & Agency Securities		1.63 %
Quasi-Sovereigns
Quasi-Sovereign Bonds		1.10 %
SUBTOTAL		1.10 %
EM Government Agencies		0.50 %
Asset-Backed Securities
Other ABS - Floating Rate		0.31 %
Autos - Fixed Rate		0.08 %
Other ABS - Fixed Rate		0.03 %
SUBTOTAL		0.42 %
Local Governments - US Municipal Bonds		0.40 %
Inflation-Linked Securities		0.25 %
Common Stocks		0.15 %
Forward Currency Exchange Contracts
Currency Instruments		0.13 %
SUBTOTAL		0.13 %
Preferred Stocks
Industrials		0.10 %
SUBTOTAL		0.10 %
Reverse Repurchase Agreements		-0.84 %
Cash & Cash Equivalents
Cash		1.53 %
Funds and Investment Trusts		0.92 %
SUBTOTAL		2.45 %
Derivative Offsets
Futures Offsets		-4.27 %
Swap Offsets		-18.22 %
SUBTOTAL		-22.49 %
TOTAL		100.00 %
Country Breakdown		Portfolio %
United States		68.36 %
United Kingdom		4.17 %
France		2.46 %
Germany		1.85 %
Spain		1.78 %
Canada		1.72 %
Brazil		1.38 %
Mexico		1.30 %
Colombia		1.29 %
Luxembourg		1.29 %
India		1.04 %
Australia		0.94 %
Italy		0.82 %
Nigeria		0.66 %
Dominican Republic		0.65 %
Chile		0.63 %
Macau		0.57 %
China		0.56 %
Hong Kong		0.54 %
Israel		0.54 %
Peru		0.52 %
Switzerland		0.50 %
Ireland		0.46 %
South Africa		0.42 %
Netherlands		0.37 %
Kazakhstan		0.36 %
Indonesia		0.33 %
Finland		0.32 %
Turkey		0.30 %
Norway		0.26 %
Zambia		0.26 %
Angola		0.25 %
Argentina		0.22 %
El Salvador		0.22 %
Egypt		0.21 %
Slovenia		0.21 %
Ukraine		0.20 %
Japan		0.18 %
Jersey (Channel Islands)		0.17 %
Panama		0.14 %
Czech Republic		0.11 %
Sweden		0.10 %
Guatemala		0.08 %
Venezuela		0.06 %
Cayman Islands		0.05 %
Ghana		0.05 %
Kuwait		0.04 %
Morocco		0.04 %
Trinidad and Tobago		0.04 %
Romania		0.03 %
Malaysia		0.02 %
Cash & Cash Equivalents		0.93 %
Total Investments		100.00 %
Net Currency Exposure Breakdown		Portfolio %
US Dollar		100.29 %
Canadian Dollar		0.19 %
Pound Sterling		0.08 %
Brazilian Real		0.01 %
Hungarian Forint		0.01 %
Indonesian Rupiah		0.01 %
Norwegian Krone		0.01 %
Swiss Franc		-0.01 %
Chinese Yuan Renminbi (Offshore)		-0.01 %
Peruvian Sol		-0.01 %
Singapore Dollar		-0.01 %
Colombian Peso		-0.14 %
Euro		-0.42 %
Total Net Assets		100.00 %
Credit Rating		Portfolio %
AAA		1.47 %
AA		0.45 %
A		2.94 %
BBB		18.66 %
BB		41.91 %
B		21.26 %
CCC		7.90 %
CC		0.31 %
C		0.08 %
D		0.09 %
Not Rated		2.62 %
Short Term Investments		0.92 %
Reverse Repurchase Agreements		-0.84 %
N/A		2.23 %
Total		100.00 %
Bonds by Maturity		Portfolio %
Less than 1 Year		5.56 %
1 To 5 Years		57.89 %
5 To 10 Years		30.47 %
10 To 20 Years		3.12 %
20 To 30 Years		1.10 %
More than 30 Years		1.71 %
Other		0.15 %
Total Net Assets		100.00 %
Portfolio Statistics:
Average Coupon:		7.51 %
Average Bond Price:		93.27
Percentage of Leverage(based on gross assets):
Bank Borrowing:		0.00 %
Investment Operations:*		19.01 %
Preferred Stock:		0.00 %
Tender Option Bonds:		0.00 %
VMTP Shares:		0.00 %
Total Fund Leverage:		19.01 %
Average Maturity:		5.84 Years
Effective Duration:		3.36 Years
Total Net Assets:		$949.50 Million
Net Asset Value:		$11.01
Total Number of Holdings:		1,340
Portfolio Turnover:		40.00 %

 

*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-302155434.html

SOURCE AllianceBernstein Global High Income Fund, Inc.

FAQ

What are the top holdings of AllianceBernstein Global High Income Fund (AWF) as of April 30, 2024?

Top holdings include U.S. Treasury Notes (2.25%, 02/15/27), CCO Holdings (4.50%, 08/15/30 - 06/01/33), and Dominican Republic Intl Bond (8.625%, 04/20/27).

What sectors is AllianceBernstein Global High Income Fund (AWF) heavily invested in?

The fund is heavily invested in industrial (6.96%), consumer non-cyclical (6.73%), and communications-media (6.49%) sectors.

What is the net asset value (NAV) of AllianceBernstein Global High Income Fund (AWF) as of April 30, 2024?

The net asset value (NAV) of the fund is $11.01.

What is the average maturity of the bonds in AllianceBernstein Global High Income Fund (AWF)?

The average maturity of the bonds in the fund is 5.84 years.

How much leverage does AllianceBernstein Global High Income Fund (AWF) use?

The fund uses 19.01% leverage based on gross assets.