AllianceBernstein Global High Income Fund, Inc. RELEASES MONTHLY PORTFOLIO UPDATE
AllianceBernstein Global High Income Fund (NYSE: AWF) has released its monthly portfolio update as of May 31, 2025. The fund reported total net assets of $971.97 million with a net asset value of $11.27. The portfolio consists of 1,241 holdings with key metrics including an average coupon of 7.66% and average bond price of 95.54.
The fund maintains significant exposure to non-investment grade corporates (53.37%) and has a total fund leverage of 18.61%. The portfolio shows strong US concentration at 67.62% of holdings, with a portfolio turnover of 68%. Credit ratings are predominantly in the BB (43.85%) and B (25.84%) categories, with most bonds having maturities between 1-5 years (69.40%).
AllianceBernstein Global High Income Fund (NYSE: AWF) ha pubblicato l'aggiornamento mensile del portafoglio al 31 maggio 2025. Il fondo ha riportato attività nette totali per 971,97 milioni di dollari con un valore patrimoniale netto di 11,27 dollari. Il portafoglio comprende 1.241 titoli con metriche chiave tra cui un coupon medio del 7,66% e un prezzo medio delle obbligazioni di 95,54.
Il fondo mantiene un'esposizione significativa verso corporate non investment grade (53,37%) e presenta una leva totale del fondo pari al 18,61%. Il portafoglio mostra una forte concentrazione negli Stati Uniti con il 67,62% delle partecipazioni, e un turnover del portafoglio del 68%. Le valutazioni del credito sono prevalentemente nelle categorie BB (43,85%) e B (25,84%), con la maggior parte delle obbligazioni che hanno scadenze tra 1 e 5 anni (69,40%).
AllianceBernstein Global High Income Fund (NYSE: AWF) ha publicado su actualización mensual de cartera al 31 de mayo de 2025. El fondo reportó activos netos totales de 971,97 millones de dólares con un valor neto de activos de 11,27 dólares. La cartera consta de 1.241 posiciones con métricas clave que incluyen un cupón promedio del 7,66% y un precio promedio de los bonos de 95,54.
El fondo mantiene una exposición significativa a corporativos no grado de inversión (53,37%) y tiene un apalancamiento total del fondo del 18,61%. La cartera muestra una fuerte concentración en EE.UU. con el 67,62% de las posiciones, y una rotación de cartera del 68%. Las calificaciones crediticias son predominantemente BB (43,85%) y B (25,84%), con la mayoría de los bonos con vencimientos entre 1 y 5 años (69,40%).
AllianceBernstein Global High Income Fund (NYSE: AWF)가 2025년 5월 31일 기준 월간 포트폴리오 업데이트를 발표했습니다. 이 펀드는 총 순자산 9억7,197만 달러와 순자산가치 11.27달러를 보고했습니다. 포트폴리오는 1,241개의 보유 종목으로 구성되어 있으며, 주요 지표로는 평균 쿠폰 7.66%와 평균 채권 가격 95.54가 포함됩니다.
이 펀드는 비투자등급 기업채 53.37%에 상당한 노출을 유지하고 있으며, 총 펀드 레버리지 18.61%를 보유하고 있습니다. 포트폴리오는 미국에 강하게 집중되어 있어 보유 비중이 67.62%이며, 포트폴리오 회전율은 68%입니다. 신용 등급은 주로 BB (43.85%)와 B (25.84%) 등급이며, 대부분의 채권 만기는 1~5년 사이(69.40%)입니다.
AllianceBernstein Global High Income Fund (NYSE : AWF) a publié sa mise à jour mensuelle du portefeuille au 31 mai 2025. Le fonds a déclaré un actif net total de 971,97 millions de dollars avec une valeur nette d'inventaire de 11,27 dollars. Le portefeuille comprend 1 241 positions avec des indicateurs clés, notamment un coupon moyen de 7,66% et un prix moyen des obligations de 95,54.
Le fonds maintient une exposition significative aux entreprises non notées investment grade (53,37%) et présente un levier total du fonds de 18,61%. Le portefeuille montre une forte concentration aux États-Unis avec 67,62% des positions, et un taux de rotation du portefeuille de 68%. Les notations de crédit sont principalement dans les catégories BB (43,85%) et B (25,84%), avec la majorité des obligations arrivant à échéance entre 1 et 5 ans (69,40%).
AllianceBernstein Global High Income Fund (NYSE: AWF) hat sein monatliches Portfolio-Update zum 31. Mai 2025 veröffentlicht. Der Fonds meldete Gesamtnettovermögen von 971,97 Millionen USD mit einem Nettoinventarwert von 11,27 USD. Das Portfolio besteht aus 1.241 Positionen mit wichtigen Kennzahlen wie einem durchschnittlichen Kupon von 7,66% und einem durchschnittlichen Anleihepreis von 95,54.
Der Fonds hält eine bedeutende Position in Non-Investment-Grade-Unternehmensanleihen (53,37%) und weist eine Gesamtfondsverschuldung von 18,61% auf. Das Portfolio zeigt eine starke US-Konzentration mit 67,62% der Positionen und eine Portfolio-Umschlagshäufigkeit von 68%. Die Kreditratings liegen überwiegend in den Kategorien BB (43,85%) und B (25,84%), wobei die meisten Anleihen Laufzeiten zwischen 1 und 5 Jahren (69,40%) haben.
- Diversified portfolio with 1,241 holdings providing broad exposure
- Strong average coupon of 7.66% indicating good yield potential
- Significant US market exposure (67.62%) reducing international risk
- Well-structured maturity ladder with 69.40% in 1-5 year range
- High leverage ratio of 18.61% increases risk profile
- Significant exposure to below-investment-grade securities (BB and B ratings)
- High portfolio turnover of 68% may impact transaction costs
- Average bond price of 95.54 indicates some holdings trading below par
AllianceBernstein Global High Income Fund, Inc. | ||
Top 10 Fixed-Income Holdings | Portfolio % | |
1) | 1.08 % | |
2) CCO Holdings | 0.84 % | |
3) CCO Holdings | 0.67 % | |
4) EchoStar Corp. | 0.58 % | |
5) Royal Caribbean Cruises | 0.57 % | |
6) Altice France SA | 0.56 % | |
7) AMMC CLO 25 Ltd. | 0.51 % | |
8) DaVita, Inc. | 0.50 % | |
9) Bausch Health Cos., Inc. | 0.44 % | |
10) Societe Generale SA | 0.43 % | |
Investment Type | Portfolio % | |
Corporates - Non-Investment Grade | ||
Industrial | ||
Consumer Non-Cyclical | 7.24 % | |
Communications - Media | 7.02 % | |
Energy | 6.56 % | |
Capital Goods | 4.65 % | |
Communications - Telecommunications | 4.55 % | |
Basic | 4.18 % | |
Consumer Cyclical - Other | 3.83 % | |
Consumer Cyclical - Retailers | 3.53 % | |
Services | 3.34 % | |
Consumer Cyclical - Automotive | 2.14 % | |
Technology | 1.95 % | |
Transportation - Services | 1.88 % | |
Transportation - Airlines | 0.88 % | |
Consumer Cyclical - Restaurants | 0.66 % | |
Consumer Cyclical - Entertainment | 0.52 % | |
Other Industrial | 0.40 % | |
Transportation - Railroads | 0.04 % | |
SUBTOTAL | 53.37 % | |
Credit Default Swaps | 17.77 % | |
Financial Institutions | ||
Finance | 2.45 % | |
Brokerage | 1.28 % | |
REITs | 1.22 % | |
Financial Services | 0.90 % | |
Insurance | 0.68 % | |
Banking | 0.44 % | |
SUBTOTAL | 6.97 % | |
Utility | ||
Electric | 0.92 % | |
Natural Gas | 0.14 % | |
SUBTOTAL | 1.06 % | |
SUBTOTAL | 79.17 % | |
Corporates - Investment Grade | ||
Industrial | ||
Communications - Media | 1.51 % | |
Energy | 1.45 % | |
Consumer Cyclical - Other | 1.23 % | |
Basic | 0.95 % | |
Consumer Cyclical - Entertainment | 0.95 % | |
Consumer Cyclical - Automotive | 0.67 % | |
Consumer Non-Cyclical | 0.47 % | |
Consumer Cyclical - Retailers | 0.27 % | |
Transportation - Airlines | 0.25 % | |
Transportation - Services | 0.16 % | |
Other Industrial | 0.07 % | |
Transportation - Railroads | 0.03 % | |
Services | 0.02 % | |
SUBTOTAL | 8.03 % | |
Financial Institutions | ||
Banking | 3.65 % | |
Finance | 0.52 % | |
Insurance | 0.46 % | |
REITs | 0.43 % | |
Brokerage | 0.14 % | |
SUBTOTAL | 5.20 % | |
Utility | ||
Electric | 1.02 % | |
Other Utility | 0.05 % | |
SUBTOTAL | 1.07 % | |
SUBTOTAL | 14.30 % | |
Emerging Markets - Corporate Bonds | ||
Industrial | ||
Basic | 1.79 % | |
Energy | 1.05 % | |
Consumer Cyclical - Other | 0.99 % | |
Consumer Non-Cyclical | 0.76 % | |
Capital Goods | 0.39 % | |
Communications - Telecommunications | 0.16 % | |
Transportation - Services | 0.12 % | |
Communications - Media | 0.07 % | |
Consumer Cyclical - Retailers | 0.05 % | |
Other Industrial | 0.03 % | |
SUBTOTAL | 5.41 % | |
Utility | ||
Electric | 0.43 % | |
Other Utility | 0.10 % | |
SUBTOTAL | 0.53 % | |
Financial Institutions | ||
Banking | 0.22 % | |
SUBTOTAL | 0.22 % | |
SUBTOTAL | 6.16 % | |
Bank Loans | ||
Industrial | ||
Technology | 1.40 % | |
Consumer Non-Cyclical | 1.09 % | |
Communications - Media | 0.79 % | |
Communications - Telecommunications | 0.40 % | |
Capital Goods | 0.37 % | |
Consumer Cyclical - Retailers | 0.25 % | |
Transportation - Airlines | 0.22 % | |
Transportation - Services | 0.17 % | |
Other Industrial | 0.15 % | |
Consumer Cyclical - Automotive | 0.10 % | |
Energy | 0.08 % | |
Consumer Cyclical - Other | 0.05 % | |
Consumer Cyclical - Restaurants | 0.02 % | |
SUBTOTAL | 5.09 % | |
Financial Institutions | ||
Insurance | 0.54 % | |
Brokerage | 0.16 % | |
Financial Services | 0.10 % | |
Banking | 0.02 % | |
SUBTOTAL | 0.82 % | |
Utility | ||
Electric | 0.17 % | |
SUBTOTAL | 0.17 % | |
SUBTOTAL | 6.08 % | |
Interest Rate Futures | 2.78 % | |
Emerging Markets - Sovereigns | ||
Emerging Markets - Sovereigns | 2.52 % | |
Credit Default Swaps | -0.25 % | |
SUBTOTAL | 2.27 % | |
Collateralized Mortgage Obligations | ||
Risk Share Floating Rate | 1.27 % | |
Non-Agency Fixed Rate | 0.30 % | |
Non-Agency Floating Rate | 0.28 % | |
Agency Fixed Rate | 0.19 % | |
SUBTOTAL | 2.04 % | |
1.64 % | ||
Collateralized Loan Obligations | ||
CLO - Floating Rate | 1.62 % | |
SUBTOTAL | 1.62 % | |
Quasi-Sovereigns | ||
Quasi-Sovereign Bonds | 1.62 % | |
SUBTOTAL | 1.62 % | |
EM Government Agencies | 0.49 % | |
Local Governments - US Municipal Bonds | 0.39 % | |
Emerging Markets - Treasuries | 0.26 % | |
Inflation-Linked Securities | 0.25 % | |
Commercial Mortgage-Backed Securities | ||
Non-Agency Fixed Rate CMBS | 0.25 % | |
SUBTOTAL | 0.25 % | |
Asset-Backed Securities | ||
Other ABS - Floating Rate | 0.16 % | |
Autos - Fixed Rate | 0.06 % | |
SUBTOTAL | 0.22 % | |
Common Stocks | 0.16 % | |
Preferred Stocks | ||
Industrials | 0.11 % | |
SUBTOTAL | 0.11 % | |
Governments - Sovereign Agencies | 0.05 % | |
Reverse Repurchase Agreements | -0.92 % | |
Cash & Cash Equivalents | ||
Funds and Investment Trusts | 0.96 % | |
Cash | -0.12 % | |
SUBTOTAL | 0.84 % | |
Derivative Offsets | ||
Futures Offsets | -2.73 % | |
Swap Offsets | -17.05 % | |
SUBTOTAL | -19.78 % | |
TOTAL | 100.00 % | |
Country Breakdown | Portfolio % | |
67.62 % | ||
3.49 % | ||
3.04 % | ||
2.59 % | ||
1.88 % | ||
1.78 % | ||
1.33 % | ||
1.14 % | ||
1.13 % | ||
1.09 % | ||
0.94 % | ||
0.87 % | ||
0.79 % | ||
Luxembourg | 0.74 % | |
0.69 % | ||
0.63 % | ||
0.63 % | ||
0.62 % | ||
0.60 % | ||
0.55 % | ||
0.52 % | ||
0.51 % | ||
0.40 % | ||
0.39 % | ||
0.34 % | ||
0.33 % | ||
0.33 % | ||
0.33 % | ||
0.31 % | ||
0.30 % | ||
0.30 % | ||
0.28 % | ||
0.25 % | ||
0.22 % | ||
0.21 % | ||
Jersey ( | 0.20 % | |
0.19 % | ||
0.18 % | ||
0.18 % | ||
0.12 % | ||
0.11 % | ||
0.11 % | ||
0.10 % | ||
0.10 % | ||
0.09 % | ||
0.08 % | ||
0.08 % | ||
0.05 % | ||
0.05 % | ||
0.04 % | ||
0.04 % | ||
0.04 % | ||
0.04 % | ||
0.03 % | ||
0.02 % | ||
0.02 % | ||
Cash & Cash Equivalents | 0.96 % | |
Total Investments | 100.00 % | |
Net Currency Exposure Breakdown | Portfolio % | |
US Dollar | 100.16 % | |
Pound Sterling | 0.20 % | |
Canadian Dollar | 0.19 % | |
Norwegian Krone | 0.02 % | |
Brazilian Real | 0.01 % | |
Colombian Peso | 0.01 % | |
Indonesian Rupiah | 0.01 % | |
South African Rand | 0.01 % | |
Swiss Franc | -0.01 % | |
Czech Koruna | -0.01 % | |
Hungarian Forint | -0.01 % | |
Mexican Peso | -0.01 % | |
Polish Zloty | -0.01 % | |
Singapore Dollar | -0.01 % | |
Euro | -0.55 % | |
Total Net Assets | 100.00 % | |
Credit Rating | Portfolio % | |
AAA | 2.38 % | |
AA | -1.33 % | |
A | 1.03 % | |
BBB | 15.86 % | |
BB | 43.85 % | |
B | 25.84 % | |
CCC | 8.18 % | |
CC | 0.09 % | |
C | 0.14 % | |
Not Rated | 2.45 % | |
Short Term Investments | 0.96 % | |
Reverse Repurchase Agreements | -0.92 % | |
N/A | 1.47 % | |
Total | 100.00 % | |
Bonds by Maturity | Portfolio % | |
Less than 1 Year | 7.00 % | |
1 to 5 Years | 69.40 % | |
5 to 10 Years | 19.43 % | |
10 to 20 Years | 2.15 % | |
20 to 30 Years | 0.97 % | |
More than 30 Years | 0.89 % | |
Other | 0.16 % | |
Total Net Assets | 100.00 % | |
Portfolio Statistics: | ||
Average Coupon: | 7.66 % | |
Average Bond Price: | 95.54 | |
Percentage of Leverage(based on gross assets): | ||
Bank Borrowing: | 0.00 % | |
Investment Operations:* | 18.61 % | |
Preferred Stock: | 0.00 % | |
Tender Option Bonds: | 0.00 % | |
VMTP Shares: | 0.00 % | |
VRDP Shares: | 0.00 % | |
Total Fund Leverage: | 18.61 % | |
Average Maturity: | 4.51 Years | |
Effective Duration: | 2.98 Years | |
Total Net Assets: | ||
Net Asset Value: | ||
Total Number of Holdings: | 1,241 | |
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 |
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SOURCE AllianceBernstein Global High Income Fund, Inc.
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