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 December 31, 2024. The fund's portfolio shows significant diversification across various investment types and geographical regions.

Key portfolio metrics include:

• Total Net Assets: $978.32 Million
• Net Asset Value: $11.35
• Total Number of Holdings: 1,218
• Portfolio Turnover: 45.00%
• Average Coupon: 7.36%
• Average Bond Price: 95.99

The portfolio's largest allocations are in Corporates - Non-Investment Grade (74.42%), followed by Corporates - Investment Grade (14.41%). Geographically, the United States dominates with 68.04% of investments. The credit rating distribution shows a concentration in BB (44.23%) and B (23.14%) rated securities. The fund maintains a leverage of 14.18% based on gross assets, primarily through investment operations.

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NEW YORK, Jan. 27, 2025 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of December 31, 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) NFE Financing LLC 12.00%, 11/15/29		0.83 %
3) CCO Holdings 4.50%, 08/15/30 - 06/01/33		0.78 %
4) CCO Holdings 4.75%, 02/01/32		0.63 %
5) Dominican Republic Intl Bond 8.625%, 04/20/27		0.60 %
6) Royal Caribbean Cruises 5.50%, 08/31/26 - 04/01/28		0.53 %
7) AMMC CLO 25 Ltd. 11.406%, 04/15/35		0.51 %
8) Altice France SA 5.125%, 01/15/29 - 07/15/29		0.49 %
9) Palmer Square CLO Ltd. 11.068%, 01/15/35		0.42 %
10) EchoStar Corp. 10.75%, 11/30/29		0.42 %
Investment Type		Portfolio %
Corporates - Non-Investment Grade
Industrial
Energy		7.46 %
Consumer Non-Cyclical		7.05 %
Communications - Media		6.94 %
Capital Goods		4.21 %
Basic		3.92 %
Communications - Telecommunications		3.80 %
Consumer Cyclical - Other		3.71 %
Consumer Cyclical - Retailers		3.19 %
Services		2.79 %
Consumer Cyclical - Automotive		2.20 %
Technology		1.97 %
Consumer Cyclical - Entertainment		1.68 %
Transportation - Services		1.36 %
Transportation - Airlines		0.74 %
Consumer Cyclical - Restaurants		0.52 %
Other Industrial		0.41 %
Transportation - Railroads		0.05 %
SUBTOTAL		52.00 %
Credit Default Swaps		14.35 %
Financial Institutions
Finance		2.17 %
REITs		1.40 %
Brokerage		1.17 %
Insurance		0.88 %
Other Finance		0.53 %
Banking		0.51 %
SUBTOTAL		6.66 %
Utility
Electric		1.35 %
Natural Gas		0.06 %
SUBTOTAL		1.41 %
SUBTOTAL		74.42 %
Corporates - Investment Grade
Industrial
Communications - Media		1.23 %
Energy		1.11 %
Consumer Cyclical - Automotive		0.91 %
Consumer Cyclical - Other		0.73 %
Basic		0.66 %
Consumer Non-Cyclical		0.62 %
Capital Goods		0.43 %
Transportation - Airlines		0.39 %
Consumer Cyclical - Entertainment		0.31 %
Transportation - Services		0.21 %
Consumer Cyclical - Retailers		0.20 %
Other Industrial		0.05 %
Technology		0.03 %
Transportation - Railroads		0.03 %
Services		0.02 %
SUBTOTAL		6.93 %
Financial Institutions
Banking		4.14 %
Insurance		0.79 %
Finance		0.64 %
REITs		0.37 %
Brokerage		0.13 %
SUBTOTAL		6.07 %
Utility
Electric		1.36 %
Other Utility		0.05 %
SUBTOTAL		1.41 %
SUBTOTAL		14.41 %
Emerging Markets - Corporate Bonds
Industrial
Basic		1.88 %
Energy		1.23 %
Consumer Cyclical - Other		0.97 %
Consumer Non-Cyclical		0.76 %
Capital Goods		0.29 %
Communications - Telecommunications		0.15 %
Consumer Cyclical - Retailers		0.14 %
Transportation - Services		0.07 %
Communications - Media		0.06 %
Other Industrial		0.03 %
SUBTOTAL		5.58 %
Utility
Electric		0.42 %
Other Utility		0.07 %
SUBTOTAL		0.49 %
Financial Institutions
Banking		0.12 %
Other Finance		0.02 %
SUBTOTAL		0.14 %
SUBTOTAL		6.21 %
Bank Loans
Industrial
Consumer Non-Cyclical		0.98 %
Technology		0.95 %
Communications - Media		0.67 %
Communications - Telecommunications		0.51 %
Transportation - Airlines		0.23 %
Capital Goods		0.20 %
Other Industrial		0.20 %
Transportation - Services		0.17 %
Energy		0.15 %
Consumer Cyclical - Retailers		0.05 %
Consumer Cyclical - Restaurants		0.02 %
SUBTOTAL		4.13 %
Financial Institutions
Insurance		0.38 %
Brokerage		0.16 %
Finance		0.02 %
SUBTOTAL		0.56 %
SUBTOTAL		4.69 %
Interest Rate Futures		3.24 %
Collateralized Mortgage Obligations
Risk Share Floating Rate		1.55 %
Non-Agency Fixed Rate		0.31 %
Non-Agency Floating Rate		0.28 %
Agency Fixed Rate		0.21 %
SUBTOTAL		2.35 %
Emerging Markets - Sovereigns		2.32 %
Collateralized Loan Obligations
CLO - Floating Rate		2.28 %
SUBTOTAL		2.28 %
U.S. Govt & Agency Securities		1.62 %
Quasi-Sovereigns
Quasi-Sovereign Bonds		1.20 %
SUBTOTAL		1.20 %
Local Governments - US Municipal Bonds		0.39 %
Commercial Mortgage-Backed Securities
Non-Agency Fixed Rate CMBS		0.35 %
SUBTOTAL		0.35 %
Asset-Backed Securities
Other ABS - Floating Rate		0.21 %
Autos - Fixed Rate		0.08 %
SUBTOTAL		0.29 %
Emerging Markets - Treasuries		0.23 %
Inflation-Linked Securities		0.22 %
Common Stocks		0.19 %
Preferred Stocks
Industrials		0.09 %
SUBTOTAL		0.09 %
Forward Currency Exchange Contracts
Currency Instruments		0.08 %
SUBTOTAL		0.08 %
Reverse Repurchase Agreements		-0.28 %
EM Government Agencies		-0.89 %
Cash & Cash Equivalents
Cash		1.69 %
Funds and Investment Trusts		1.14 %
Corporates - Non-Investment Grade		0.05 %
SUBTOTAL		2.88 %
Derivative Offsets
Futures Offsets		-3.23 %
Swap Offsets		-13.06 %
SUBTOTAL		-16.29 %
TOTAL		100.00 %
Country Breakdown		Portfolio %
United States		68.04 %
United Kingdom		3.37 %
Canada		2.43 %
France		2.31 %
Brazil		1.48 %
Colombia		1.38 %
Germany		1.37 %
Mexico		1.35 %
Spain		1.22 %
Italy		1.18 %
India		1.04 %
Luxembourg		0.97 %
Dominican Republic		0.85 %
South Africa		0.85 %
Israel		0.81 %
Chile		0.78 %
Australia		0.69 %
China		0.61 %
Peru		0.58 %
Nigeria		0.57 %
Netherlands		0.56 %
Hong Kong		0.53 %
Macau		0.52 %
Puerto Rico		0.44 %
Kazakhstan		0.36 %
Turkey		0.36 %
Indonesia		0.34 %
Angola		0.32 %
Finland		0.32 %
Switzerland		0.31 %
Ireland		0.30 %
Jersey (Channel Islands)		0.29 %
Egypt		0.24 %
Norway		0.21 %
Slovenia		0.20 %
Panama		0.19 %
Romania		0.18 %
Zambia		0.17 %
El Salvador		0.16 %
Azerbaijan		0.11 %
Guatemala		0.11 %
Ukraine		0.11 %
Ecuador		0.08 %
Malaysia		0.08 %
Cayman Islands		0.07 %
Japan		0.07 %
Argentina		0.05 %
Jamaica		0.05 %
Austria		0.04 %
Czech Republic		0.04 %
Kuwait		0.04 %
Morocco		0.04 %
Serbia		0.03 %
Uzbekistan		0.03 %
Trinidad and Tobago		0.02 %
Cash & Cash Equivalents		1.15 %
Total Investments		100.00 %
Net Currency Exposure Breakdown		Portfolio %
US Dollar		100.18 %
Canadian Dollar		0.18 %
Pound Sterling		0.11 %
Dominican Peso		0.07 %
Norwegian Krone		0.02 %
Brazilian Real		0.01 %
Indonesian Rupiah		0.01 %
Swedish Krona		0.01 %
South African Rand		0.01 %
Czech Koruna		-0.01 %
South Korean Won		-0.01 %
Colombian Peso		-0.11 %
Euro		-0.47 %
Total Net Assets		100.00 %
Credit Rating		Portfolio %
AAA		1.13 %
AA		0.20 %
A		1.24 %
BBB		15.57 %
BB		44.23 %
B		23.14 %
CCC		8.34 %
CC		0.20 %
C		0.03 %
Not Rated		2.53 %
Short Term Investments		1.19 %
Reverse Repurchase Agreements		-0.29 %
N/A		2.49 %
Total		100.00 %
Bonds by Maturity		Portfolio %
Less than 1 Year		7.81 %
1 To 5 Years		65.75 %
5 To 10 Years		21.73 %
10 To 20 Years		2.77 %
20 To 30 Years		0.96 %
More than 30 Years		0.79 %
Other		0.19 %
Total Net Assets		100.00 %
Portfolio Statistics:
Average Coupon:		7.36 %
Average Bond Price:		95.99
Percentage of Leverage(based on gross assets):
Bank Borrowing:		0.00 %
Investment Operations:*		14.18 %
Preferred Stock:		0.00 %
Tender Option Bonds:		0.00 %
VMTP Shares:		0.00 %
VRDP Shares:		0.00 %
Total Fund Leverage:		14.18 %
Average Maturity:		4.51 Years
Effective Duration:		3.05 Years
Total Net Assets:		$978.32 Million
Net Asset Value:		$11.35
Total Number of Holdings:		1,218
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.

 

View original content:https://www.prnewswire.com/news-releases/alliancebernstein-global-high-income-fund-inc-releases-monthly-portfolio-update-302361073.html

SOURCE AllianceBernstein Global High Income Fund, Inc.

FAQ

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

As of December 31, 2024, the Net Asset Value (NAV) of AWF is $11.35.

How diversified is AWF's portfolio across different countries?

AWF's portfolio is spread across over 50 countries, with the United States representing 68.04%, followed by United Kingdom (3.37%), Canada (2.43%), and France (2.31%).

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

The majority of AWF's portfolio is in BB (44.23%) and B (23.14%) rated securities, with BBB at 15.57% and CCC at 8.34%. Higher-rated securities (AAA, AA, A) comprise about 2.57% of the portfolio.

What is AWF's current leverage ratio and how is it structured?

AWF has a total fund leverage of 14.18%, which is entirely through investment operations. The fund currently has no bank borrowing, preferred stock, tender option bonds, VMTP shares, or VRDP shares.

What are the top fixed-income holdings in AWF's portfolio?

The top holdings include U.S. Treasury Notes 2.25% (1.06%), NFE Financing 12.00% (0.83%), and CCO Holdings 4.50% (0.78%).

What is the maturity profile of AWF's bond investments?

The majority of AWF's bonds (65.75%) have maturities between 1-5 years, followed by 5-10 years (21.73%), and less than 1 year (7.81%).