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 June 30, 2025, revealing a diversified fixed-income portfolio with total net assets of $981.87 million. The fund maintains a net asset value of $11.39 across 1,238 holdings.

Key portfolio metrics include an average coupon of 7.42%, average bond price of 96.62, and effective duration of 2.88 years. The fund's credit allocation is predominantly in BB (43.99%) and B (25.89%) rated securities. Geographic exposure is led by the United States at 66.12%, with significant international diversification. The fund employs 14.46% leverage through investment operations.

The portfolio maintains a strong focus on corporate bonds, with non-investment grade corporates comprising 52.89% of holdings, followed by investment-grade corporates at 14.26%.

Positive

• Highly diversified portfolio with 1,238 holdings reducing single-security risk
• Strong yield potential with 7.42% average coupon rate
• Significant exposure (66.12%) to U.S. markets providing stability
• Moderate leverage of 14.46% enhancing potential returns

Negative

• High exposure to below-investment-grade securities (BB and B rated) increasing credit risk
• Relatively high portfolio turnover of 68% may impact trading costs
• Significant concentration in corporate bonds increases sector-specific risks

News Market Reaction – AWF

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Data tracked by StockTitan Argus on the day of publication.

NEW YORK, July 28, 2025 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of June 30, 2025.

AllianceBernstein Global High Income Fund, Inc.
Top 10 Fixed-Income Holdings		Portfolio %
1) U.S. Treasury Notes 2.25%, 02/15/27		1.07 %
2) CCO Holdings 4.50%, 08/15/30 - 06/01/33		0.84 %
3) CCO Holdings 4.75%, 02/01/32		0.68 %
4) Royal Caribbean Cruises 5.50%, 08/31/26 - 04/01/28		0.56 %
5) Altice France SA 5.125%, 01/15/29 - 07/15/29		0.54 %
6) AMMC CLO 25 Ltd. 11.006%, 04/15/35		0.51 %
7) DaVita, Inc. 4.625%, 06/01/30		0.46 %
8) Warnermedia Holdings 4.279%, 03/15/32		0.45 %
9) Societe Generale SA 5.512%, 05/22/31		0.43 %
10) Bausch Health Cos., Inc. 11.00%, 09/30/28		0.42 %
Investment Type		Portfolio %
Corporates - Non-Investment Grade
Industrial
Communications - Media		8.13 %
Consumer Non-Cyclical		7.08 %
Energy		6.35 %
Capital Goods		4.52 %
Communications - Telecommunications		4.19 %
Basic		3.98 %
Consumer Cyclical - Retailers		3.75 %
Consumer Cyclical - Other		3.66 %
Services		3.18 %
Consumer Cyclical - Automotive		2.03 %
Technology		1.99 %
Transportation - Services		1.69 %
Transportation - Airlines		0.84 %
Consumer Cyclical - Restaurants		0.62 %
Other Industrial		0.43 %
Consumer Cyclical - Entertainment		0.41 %
Transportation - Railroads		0.04 %
SUBTOTAL		52.89 %
Credit Default Swaps		13.43 %
Financial Institutions
Finance		2.55 %
REITs		1.30 %
Brokerage		1.27 %
Financial Services		0.97 %
Insurance		0.65 %
Banking		0.38 %
SUBTOTAL		7.12 %
Utility
Electric		1.00 %
Natural Gas		0.19 %
SUBTOTAL		1.19 %
SUBTOTAL		74.63 %
Corporates - Investment Grade
Industrial
Energy		1.62 %
Consumer Cyclical - Other		1.36 %
Communications - Media		1.06 %
Consumer Cyclical - Entertainment		0.88 %
Basic		0.83 %
Consumer Cyclical - Automotive		0.71 %
Consumer Non-Cyclical		0.43 %
Consumer Cyclical - Retailers		0.28 %
Transportation - Airlines		0.25 %
Communications - Telecommunications		0.19 %
Transportation - Services		0.11 %
Other Industrial		0.07 %
Transportation - Railroads		0.03 %
Services		0.02 %
SUBTOTAL		7.84 %
Financial Institutions
Banking		3.76 %
REITs		0.54 %
Finance		0.49 %
Insurance		0.43 %
Brokerage		0.13 %
SUBTOTAL		5.35 %
Utility
Electric		1.02 %
Other Utility		0.05 %
SUBTOTAL		1.07 %
SUBTOTAL		14.26 %
Emerging Markets - Corporate Bonds
Industrial
Basic		1.82 %
Energy		1.01 %
Consumer Cyclical - Other		0.97 %
Consumer Non-Cyclical		0.69 %
Capital Goods		0.28 %
Communications - Telecommunications		0.18 %
Transportation - Services		0.12 %
Communications - Media		0.07 %
Consumer Cyclical - Retailers		0.05 %
Other Industrial		0.03 %
SUBTOTAL		5.22 %
Utility
Electric		0.46 %
Other Utility		0.10 %
SUBTOTAL		0.56 %
Financial Institutions
Banking		0.22 %
SUBTOTAL		0.22 %
SUBTOTAL		6.00 %
Bank Loans
Industrial
Technology		1.38 %
Consumer Non-Cyclical		1.08 %
Communications - Media		0.63 %
Communications - Telecommunications		0.39 %
Capital Goods		0.37 %
Consumer Cyclical - Retailers		0.26 %
Transportation - Airlines		0.22 %
Transportation - Services		0.17 %
Other Industrial		0.11 %
Consumer Cyclical - Automotive		0.09 %
Consumer Cyclical - Other		0.05 %
Consumer Cyclical - Restaurants		0.02 %
SUBTOTAL		4.77 %
Financial Institutions
Insurance		0.55 %
Financial Services		0.17 %
Brokerage		0.15 %
Banking		0.02 %
SUBTOTAL		0.89 %
Utility
Electric		0.17 %
SUBTOTAL		0.17 %
SUBTOTAL		5.83 %
Emerging Markets - Sovereigns
Emerging Markets - Sovereigns		2.72 %
Credit Default Swaps		-0.25 %
SUBTOTAL		2.47 %
Interest Rate Futures		2.31 %
Collateralized Mortgage Obligations
Risk Share Floating Rate		1.14 %
Non-Agency Fixed Rate		0.29 %
Non-Agency Floating Rate		0.27 %
Agency Fixed Rate		0.19 %
SUBTOTAL		1.89 %
Quasi-Sovereigns
Quasi-Sovereign Bonds		1.70 %
SUBTOTAL		1.70 %
U.S. Govt & Agency Securities		1.64 %
Collateralized Loan Obligations
CLO - Floating Rate		1.61 %
SUBTOTAL		1.61 %
EM Government Agencies		0.55 %
Local Governments - US Municipal Bonds		0.39 %
Emerging Markets - Treasuries		0.27 %
Commercial Mortgage-Backed Securities
Non-Agency Fixed Rate CMBS		0.25 %
SUBTOTAL		0.25 %
Inflation-Linked Securities		0.25 %
Asset-Backed Securities
Other ABS - Floating Rate		0.15 %
Autos - Fixed Rate		0.05 %
SUBTOTAL		0.20 %
Common Stocks		0.17 %
Governments - Sovereign Agencies		0.05 %
Preferred Stocks
Industrials		0.02 %
SUBTOTAL		0.02 %
Forward Currency Exchange Contracts
Currency Instruments		-0.25 %
SUBTOTAL		-0.25 %
Reverse Repurchase Agreements		-1.00 %
Cash & Cash Equivalents
Funds and Investment Trusts		1.85 %
Cash		-0.39 %
SUBTOTAL		1.46 %
Derivative Offsets
Futures Offsets		-2.29 %
Swap Offsets		-12.41 %
SUBTOTAL		-14.70 %
TOTAL		100.00 %
Country Breakdown		Portfolio %
United States		66.12 %
France		3.32 %
United Kingdom		3.03 %
Canada		2.95 %
Brazil		1.92 %
Mexico		1.70 %
Italy		1.30 %
Spain		1.29 %
Germany		1.16 %
Colombia		1.11 %
India		0.94 %
Luxembourg		0.93 %
Turkey		0.89 %
Australia		0.78 %
Chile		0.64 %
Nigeria		0.61 %
South Africa		0.61 %
Netherlands		0.60 %
Israel		0.58 %
Angola		0.53 %
Macau		0.51 %
Hong Kong		0.50 %
Ireland		0.44 %
Dominican Republic		0.40 %
Finland		0.38 %
Norway		0.34 %
China		0.33 %
Indonesia		0.33 %
Peru		0.31 %
Puerto Rico		0.28 %
Switzerland		0.28 %
Egypt		0.25 %
Kazakhstan		0.25 %
Senegal		0.25 %
Slovenia		0.22 %
Zambia		0.21 %
Ecuador		0.20 %
Jersey (Channel Islands)		0.20 %
Panama		0.19 %
Romania		0.19 %
El Salvador		0.12 %
Azerbaijan		0.11 %
Guatemala		0.11 %
Uzbekistan		0.10 %
Malaysia		0.08 %
Ukraine		0.08 %
Cayman Islands		0.07 %
Trinidad and Tobago		0.06 %
Argentina		0.05 %
Hungary		0.05 %
Jamaica		0.05 %
Austria		0.04 %
Czech Republic		0.04 %
Kuwait		0.04 %
Morocco		0.04 %
Serbia		0.03 %
Japan		0.02 %
Cash & Cash Equivalents		1.84 %
Total Investments		100.00 %
Net Currency Exposure Breakdown		Portfolio %
US Dollar		99.97 %
Canadian Dollar		0.18 %
Pound Sterling		0.15 %
Brazilian Real		0.02 %
Norwegian Krone		0.02 %
Indonesian Rupiah		0.01 %
New Zealand Dollar		0.01 %
South African Rand		0.01 %
Swiss Franc		-0.01 %
Czech Koruna		-0.01 %
Hungarian Forint		-0.01 %
Singapore Dollar		-0.01 %
Euro		-0.33 %
Total Net Assets		100.00 %
Credit Rating		Portfolio %
AAA		2.35 %
AA		-0.88 %
A		1.15 %
BBB		15.50 %
BB		43.99 %
B		25.89 %
CCC		7.81 %
CC		0.08 %
C		0.14 %
Not Rated		2.51 %
Short Term Investments		1.85 %
Reverse Repurchase Agreements		-1.00 %
N/A		0.61 %
Total		100.00 %
Bonds by Maturity		Portfolio %
Less than 1 Year		8.84 %
1 to 5 Years		69.75 %
5 to 10 Years		17.04 %
10 to 20 Years		2.56 %
20 to 30 Years		0.88 %
More than 30 Years		0.75 %
Other		0.18 %
Total Net Assets		100.00 %
Portfolio Statistics:
Average Coupon:		7.42 %
Average Bond Price:		96.62
Percentage of Leverage(based on gross assets):
Bank Borrowing:		0.00 %
Investment Operations:*		14.46 %
Preferred Stock:		0.00 %
Tender Option Bonds:		0.00 %
VMTP Shares:		0.00 %
VRDP Shares:		0.00 %
Total Fund Leverage:		14.46 %
Average Maturity:		4.32 Years
Effective Duration:		2.88 Years
Total Net Assets:		$981.87 Million
Net Asset Value:		$11.39
Total Number of Holdings:		1,238
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-302515196.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 June 30, 2025, AWF's net asset value (NAV) is $11.39 with total net assets of $981.87 million.

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

The fund's portfolio is primarily invested in below-investment-grade securities, with 43.99% in BB-rated and 25.89% in B-rated securities, while BBB-rated securities comprise 15.50%.

How much leverage does AWF currently employ?

The fund employs 14.46% leverage through investment operations, with no bank borrowing or preferred stock leverage.

What is the geographic distribution of AWF's investments?

The fund's investments are primarily in the United States (66.12%), followed by France (3.32%), United Kingdom (3.03%), and Canada (2.95%).

What is the average maturity and duration of AWF's portfolio?

The fund has an average maturity of 4.32 years and an effective duration of 2.88 years.