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

Rhea-AI Summary

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%).

Positive

• 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

Negative

• 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

News Market Reaction – AWF

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Data tracked by StockTitan Argus on the day of publication.

NEW YORK, June 23, 2025 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc. [NYSE: AWF] (the "Fund") today released its monthly portfolio update as of May 31, 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) 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		0.58 %
5) Royal Caribbean Cruises 5.50%, 08/31/26 - 04/01/28		0.57 %
6) Altice France SA 5.125%, 01/15/29 - 07/15/29		0.56 %
7) AMMC CLO 25 Ltd. 11.006%, 04/15/35		0.51 %
8) DaVita, Inc. 4.625%, 06/01/30		0.50 %
9) Bausch Health Cos., Inc. 11.00%, 09/30/28		0.44 %
10) Societe Generale SA 5.512%, 05/22/31		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 %
U.S. Govt & Agency Securities		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 %
United States		67.62 %
France		3.49 %
United Kingdom		3.04 %
Canada		2.59 %
Brazil		1.88 %
Mexico		1.78 %
Italy		1.33 %
Germany		1.14 %
Spain		1.13 %
Colombia		1.09 %
India		0.94 %
Australia		0.87 %
Turkey		0.79 %
Luxembourg		0.74 %
Israel		0.69 %
Chile		0.63 %
Netherlands		0.63 %
South Africa		0.62 %
Nigeria		0.60 %
Angola		0.55 %
Hong Kong		0.52 %
Macau		0.51 %
Dominican Republic		0.40 %
Ireland		0.39 %
Indonesia		0.34 %
China		0.33 %
Norway		0.33 %
Peru		0.33 %
Finland		0.31 %
Kazakhstan		0.30 %
Puerto Rico		0.30 %
Switzerland		0.28 %
Egypt		0.25 %
Slovenia		0.22 %
Zambia		0.21 %
Jersey (Channel Islands)		0.20 %
Panama		0.19 %
Romania		0.18 %
Senegal		0.18 %
El Salvador		0.12 %
Azerbaijan		0.11 %
Guatemala		0.11 %
Cayman Islands		0.10 %
Uzbekistan		0.10 %
Ecuador		0.09 %
Malaysia		0.08 %
Ukraine		0.08 %
Argentina		0.05 %
Jamaica		0.05 %
Austria		0.04 %
Czech Republic		0.04 %
Kuwait		0.04 %
Morocco		0.04 %
Serbia		0.03 %
Japan		0.02 %
Trinidad and Tobago		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:		$971.97 Million
Net Asset Value:		$11.27
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 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-302488593.html

SOURCE AllianceBernstein Global High Income Fund, Inc.

FAQ

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

The fund's Net Asset Value (NAV) is $11.27 with total net assets of $971.97 million.

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

The portfolio primarily consists of BB-rated (43.85%) and B-rated (25.84%) securities, with smaller allocations to BBB (15.86%) and CCC (8.18%) ratings.

How much leverage does AWF currently employ?

The fund has a total leverage of 18.61%, primarily through investment operations, with no bank borrowing or preferred stock leverage.

What is the maturity structure of AWF's portfolio?

The majority of bonds (69.40%) have maturities between 1-5 years, with 7.00% less than 1 year and 19.43% between 5-10 years.

What is the geographic distribution of AWF's investments?

The fund is primarily invested in United States (67.62%), followed by France (3.49%), United Kingdom (3.04%), and Canada (2.59%).