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AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) is a distinguished United States-based diversified, closed-end management investment company. Managed by AllianceBernstein L.P., the Fund's primary objective is to seek high current income, with a secondary aim of capital appreciation. The Fund invests in an array of debt securities, including Sovereign Debt Obligations and corporate debt, denominated in both non-U.S. currencies and the U.S. Dollar. Notably, it has the flexibility to invest without limit in emerging and developed markets, as well as debt securities of both U.S. and international corporate issuers.
AllianceBernstein, a global investment-management and research firm, provides a comprehensive range of investment strategies across the capital structure. By partnering closely with clients, AllianceBernstein shapes solutions that meet today's investment needs while anticipating tomorrow's challenges.
Recent financial highlights of the Fund underscore its robust performance and growth:
- First Quarter 2023: As of June 30, 2023, the Fund had total net assets of $915,000,977 with a net asset value per share of $10.61. The total net investment income was $15,636,088, and the total net realized and unrealized gain was $5,360,086.
- Second Quarter 2023: By September 30, 2023, the Fund's total net assets were $907,692,915, with a net asset value per share of $10.53. The total net investment income for this period was $15,124,939, and the total net realized and unrealized loss was $(5,488,870).
- Third Quarter 2023: On December 31, 2023, the Fund reported total net assets of $962,968,159 with a net asset value per share of $11.17. The total net investment income was $15,991,192, and the total net realized and unrealized gain was $58,030,384.
- Fourth Quarter 2024: As of March 31, 2024, the Fund's total net assets were $966,421,294, with a net asset value per share of $11.21. The total net investment income was $17,708,394, with a total net realized and unrealized gain of $2,688,872.
AllianceBernstein Global High Income Fund, Inc. offers investors a strategic approach to generating high income and potential capital appreciation through a diverse portfolio of debt securities worldwide.
AllianceBernstein Global High Income Fund (NYSE: AWF) has announced a one-time special income distribution of $0.0156 per share of Common Stock. The distribution will be payable on January 17, 2025, to stockholders of record as of December 19, 2024, with the ex-date set for December 19, 2024. This special distribution is intended to help the Fund comply with the Internal Revenue Code's minimum distribution requirements for the current year and will be considered received by shareholders in 2024 for federal income tax purposes.
AllianceBernstein Global High Income Fund (NYSE: AWF) reported its second quarter earnings for the period ended September 30, 2024. The Fund's total net assets increased to $989.26 million, up from $956.90 million in June 2024 and $907.69 million year-over-year. The net asset value per share rose to $11.47, compared to $11.10 in the previous quarter. Total net investment income reached $16.37 million ($0.19 per share), while the Fund recorded a total net realized and unrealized gain of $32.94 million ($0.38 per share) for the quarter.
AllianceBernstein has announced distribution rates for its closed-end funds. The AllianceBernstein Global High Income Fund (NYSE: AWF) will distribute $0.0655 per share, while the AllianceBernstein National Municipal Income Fund (NYSE: AFB) will distribute $0.03961 per share. Both distributions are classified as investment income and share the same schedule: ex-date, record date of December 5, 2024, and payment date of December 20, 2024.
AllianceBernstein Global High Income Fund (NYSE: AWF) has released its monthly portfolio update as of October 31, 2024. The fund's total net assets stand at $978.89 Million with a net asset value of $11.35. The portfolio consists of 1,252 holdings with an average coupon of 7.34% and average bond price of 96.09.
The fund's portfolio is primarily invested in non-investment grade corporates (75.44%), with significant allocations in investment grade corporates (14.47%) and emerging markets corporate bonds (6.15%). Geographically, the US dominates with 67.52% allocation. The fund maintains a total leverage of 15.10% through investment operations, with an effective duration of 3.13 years and average maturity of 4.89 years.
AllianceBernstein has announced distribution rates for its closed-end funds. The Global High Income Fund (NYSE: AWF) will distribute $0.0655 per share, while the National Municipal Income Fund (NYSE: AFB) will distribute $0.03961 per share. Both distributions are classified as investment income and share the same schedule: ex-date, record date of November 7, 2024, and payment date of November 22, 2024.
AllianceBernstein Global High Income Fund (NYSE: AWF) has released its monthly portfolio update as of September 30, 2024. The fund's total net assets stand at $989.33 Million with a net asset value of $11.47. The portfolio comprises 1,256 holdings with a turnover rate of 45%. Key metrics include an average coupon of 7.54%, average bond price of 97.11, and total fund leverage of 14.91%.
The portfolio is predominantly invested in non-investment grade corporates (53.96%), followed by investment-grade corporates (14.17%). Geographically, the United States leads with 68.84% allocation. Credit ratings show a concentration in BB (47.40%) and B (22.00%) rated securities. The majority of bonds (64.31%) have maturities between 1-5 years.
AllianceBernstein Closed-End Funds has announced distribution rates for two of its funds. AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) will distribute $0.0655 per share of investment income. AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) will distribute $0.03961 per share of investment income, which is an increase of $0.00372 from the previous distribution.
The ex-date, record date, and payment date for both funds are set for October 3, 2024, October 3, 2024, and October 18, 2024, respectively. The increase in AFB's distribution rate is aimed at aligning the Fund's monthly distributions with its current and projected earnings power. Both funds are managed by AllianceBernstein L.P.
AllianceBernstein Global High Income Fund, Inc. [NYSE: AWF] has released its monthly portfolio update as of August 31, 2024. The fund's top fixed-income holding is U.S. Treasury Notes 2.25%, 02/15/27 at 1.06% of the portfolio. The fund's investments are primarily in Corporates - Non-Investment Grade (71.15%) and Corporates - Investment Grade (18.00%).
Key portfolio statistics include:
- Average Coupon: 7.37%
- Average Bond Price: 96.42
- Total Fund Leverage: 14.87%
- Average Maturity: 5.17 Years
- Effective Duration: 3.07 Years
- Total Net Assets: $979.84 Million
- Net Asset Value: $11.36
- Total Number of Holdings: 1,270
- Portfolio Turnover: 45.00%
The fund's investments are diversified across various countries, with the United States representing the largest allocation at 66.37% of the portfolio.
AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) has reported its first quarter earnings for the period ended June 30, 2024. The fund's total net assets stood at $956,898,954, showing a slight decrease from $966,421,294 on March 31, 2024, but an increase from $915,000,977 on June 30, 2023. The net asset value (NAV) per share was $11.10, based on 86,229,677 outstanding shares.
For Q1 2024, AWF reported total net investment income of $15,871,344 ($0.18 per share), slightly higher than the same quarter last year. However, the fund experienced a total net realized and unrealized loss of $(8,449,552) ($(0.10) per share), contrasting with gains in previous quarters.
AllianceBernstein Closed-End Funds have announced their latest distribution rates. The AllianceBernstein Global High Income Fund (NYSE: AWF) will distribute $0.0655 per share of investment income. The AllianceBernstein National Municipal Income Fund (NYSE: AFB) will distribute $0.03589 per share, an increase of $0.00323 from its previous distribution.
For both funds, the ex-date, record date, and payment date are set for September 5, 2024, September 5, 2024, and September 20, 2024, respectively. The increase in AFB's distribution rate is aimed at aligning monthly distributions with current and projected earnings power. These closed-end funds are managed by AllianceBernstein L.P.
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