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 July 31, 2025, revealing a diverse fixed-income portfolio with total net assets of $986.16 million. The fund maintains a Net Asset Value of $11.44 with 1,227 total holdings.

The portfolio shows significant allocation to non-investment grade corporates (54.10%), with major exposures in communications media, consumer non-cyclical, and energy sectors. The fund's credit quality is concentrated in BB (44.71%) and B (25.96%) ratings, with a total leverage of 14.10%. The portfolio has an average coupon of 7.48% and an effective duration of 2.96 years.

Positive

• Highly diversified portfolio with 1,227 holdings reducing single-security risk
• Strong yield potential with 7.48% average coupon rate
• Moderate duration of 2.96 years limiting interest rate risk
• Geographic diversification across 50+ countries with 65.71% US exposure

Negative

• Significant exposure to high-yield debt with 78.97% in BB and lower ratings
• 14.10% leverage potentially increasing risk
• High portfolio turnover of 68% may impact trading costs
• Substantial exposure to cyclical sectors during uncertain economic conditions

NEW YORK, Aug. 25, 2025 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of July 31, 2025.

AllianceBernstein Global High Income Fund, Inc.
Top 10 Fixed-Income Holdings		Portfolio %
1) U.S. Treasury Notes 2.25%, 02/15/27		1.07 %
2) CCO Holdings 4.50%, 08/15/30 - 06/01/33		0.82 %
3) CCO Holdings 4.75%, 02/01/32		0.66 %
4) Altice France SA 5.125%, 01/15/29 - 07/15/29		0.57 %
5) AMMC CLO 25 Ltd. 11.068%, 04/15/35		0.50 %
6) DaVita, Inc. 4.625%, 06/01/30		0.46 %
7) Warnermedia Holdings 4.279%, 03/15/32		0.44 %
8) Bausch Health Cos., Inc. 11.00%, 09/30/28		0.43 %
9) Societe Generale SA 5.512%, 05/22/31		0.43 %
10) Millennium Escrow Corp. 6.625%, 08/01/26		0.42 %
Investment Type		Portfolio %
Corporates - Non-Investment Grade
Industrial
Communications - Media		8.49 %
Consumer Non-Cyclical		6.95 %
Energy		5.88 %
Capital Goods		4.32 %
Consumer Cyclical - Other		4.20 %
Communications - Telecommunications		4.14 %
Basic		4.13 %
Consumer Cyclical - Retailers		4.12 %
Services		3.24 %
Technology		2.32 %
Consumer Cyclical - Automotive		2.24 %
Transportation - Services		1.72 %
Transportation - Airlines		0.81 %
Consumer Cyclical - Restaurants		0.67 %
Consumer Cyclical - Entertainment		0.49 %
Other Industrial		0.35 %
Transportation - Railroads		0.03 %
SUBTOTAL		54.10 %
Credit Default Swaps		13.19 %
Financial Institutions
Finance		2.47 %
REITs		1.32 %
Brokerage		1.31 %
Financial Services		1.04 %
Insurance		0.62 %
Banking		0.38 %
SUBTOTAL		7.14 %
Utility
Electric		1.00 %
Natural Gas		0.14 %
SUBTOTAL		1.14 %
SUBTOTAL		75.57 %
Corporates - Investment Grade
Industrial
Energy		1.75 %
Consumer Cyclical - Other		1.48 %
Basic		0.82 %
Communications - Media		0.75 %
Consumer Cyclical - Automotive		0.71 %
Consumer Non-Cyclical		0.43 %
Consumer Cyclical - Retailers		0.24 %
Consumer Cyclical - Entertainment		0.20 %
Communications - Telecommunications		0.19 %
Transportation - Airlines		0.11 %
Transportation - Services		0.11 %
Other Industrial		0.07 %
Transportation - Railroads		0.03 %
Services		0.02 %
SUBTOTAL		6.91 %
Financial Institutions
Banking		3.73 %
Insurance		0.68 %
REITs		0.51 %
Finance		0.48 %
Brokerage		0.13 %
SUBTOTAL		5.53 %
Utility
Electric		0.99 %
Other Utility		0.05 %
SUBTOTAL		1.04 %
SUBTOTAL		13.48 %
Emerging Markets - Corporate Bonds
Industrial
Basic		1.81 %
Energy		1.02 %
Consumer Cyclical - Other		0.93 %
Consumer Non-Cyclical		0.63 %
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		5.12 %
Utility
Electric		0.49 %
Other Utility		0.07 %
SUBTOTAL		0.56 %
Financial Institutions
Banking		0.22 %
SUBTOTAL		0.22 %
SUBTOTAL		5.90 %
Bank Loans
Industrial
Technology		1.41 %
Consumer Non-Cyclical		1.07 %
Communications - Media		0.65 %
Communications - Telecommunications		0.39 %
Capital Goods		0.37 %
Consumer Cyclical - Retailers		0.26 %
Transportation - Airlines		0.21 %
Transportation - Services		0.17 %
Consumer Cyclical - Automotive		0.10 %
Other Industrial		0.10 %
Consumer Cyclical - Other		0.09 %
Consumer Cyclical - Restaurants		0.02 %
SUBTOTAL		4.84 %
Financial Institutions
Insurance		0.54 %
Financial Services		0.17 %
Brokerage		0.15 %
Banking		0.02 %
SUBTOTAL		0.88 %
SUBTOTAL		5.72 %
Emerging Markets - Sovereigns
Emerging Markets - Sovereigns		2.97 %
Credit Default Swaps		-0.25 %
SUBTOTAL		2.72 %
Interest Rate Futures		2.23 %
Collateralized Mortgage Obligations
Risk Share Floating Rate		1.12 %
Non-Agency Fixed Rate		0.29 %
Non-Agency Floating Rate		0.26 %
Agency Fixed Rate		0.18 %
SUBTOTAL		1.85 %
U.S. Govt & Agency Securities		1.63 %
Quasi-Sovereigns
Quasi-Sovereign Bonds		1.62 %
SUBTOTAL		1.62 %
Collateralized Loan Obligations
CLO - Floating Rate		1.53 %
SUBTOTAL		1.53 %
EM Government Agencies		0.65 %
Local Governments - US Municipal Bonds		0.37 %
Emerging Markets - Treasuries		0.26 %
Inflation-Linked Securities		0.25 %
Commercial Mortgage-Backed Securities
Non-Agency Fixed Rate CMBS		0.24 %
SUBTOTAL		0.24 %
Forward Currency Exchange Contracts
Currency Instruments		0.20 %
SUBTOTAL		0.20 %
Asset-Backed Securities
Other ABS - Floating Rate		0.13 %
Autos - Fixed Rate		0.05 %
SUBTOTAL		0.18 %
Common Stocks		0.16 %
Governments - Sovereign Agencies		0.05 %
Preferred Stocks
Industrials		0.03 %
SUBTOTAL		0.03 %
Reverse Repurchase Agreements		-0.75 %
Cash & Cash Equivalents
Funds and Investment Trusts		1.22 %
Cash		-0.54 %
SUBTOTAL		0.68 %
Derivative Offsets
Futures Offsets		-2.22 %
Swap Offsets		-12.35 %
SUBTOTAL		-14.57 %
TOTAL		100.00 %
Country Breakdown		Portfolio %
United States		65.71 %
France		3.26 %
United Kingdom		3.18 %
Canada		3.04 %
Brazil		1.83 %
Mexico		1.60 %
Spain		1.30 %
Italy		1.21 %
Germany		1.19 %
Colombia		1.12 %
India		0.98 %
Luxembourg		0.96 %
Turkey		0.94 %
Australia		0.79 %
Netherlands		0.70 %
Chile		0.62 %
Nigeria		0.62 %
South Africa		0.62 %
Ireland		0.53 %
Israel		0.53 %
Hong Kong		0.51 %
Japan		0.49 %
Macau		0.45 %
Angola		0.42 %
Dominican Republic		0.40 %
Finland		0.38 %
Senegal		0.35 %
Indonesia		0.34 %
Norway		0.34 %
China		0.33 %
Romania		0.33 %
Puerto Rico		0.32 %
Peru		0.31 %
Switzerland		0.28 %
Kazakhstan		0.26 %
Egypt		0.25 %
Slovenia		0.22 %
Ecuador		0.21 %
Guatemala		0.21 %
Zambia		0.21 %
Jersey (Channel Islands)		0.20 %
Panama		0.19 %
El Salvador		0.17 %
Argentina		0.14 %
Azerbaijan		0.11 %
Uzbekistan		0.10 %
Czech Republic		0.08 %
Malaysia		0.08 %
Ukraine		0.08 %
Cayman Islands		0.07 %
Trinidad and Tobago		0.06 %
Jamaica		0.05 %
Kuwait		0.04 %
Morocco		0.04 %
Serbia		0.03 %
Cash & Cash Equivalents		1.22 %
Total Investments		100.00 %
Net Currency Exposure Breakdown		Portfolio %
US Dollar		99.99 %
Canadian Dollar		0.18 %
Pound Sterling		0.14 %
Brazilian Real		0.03 %
Norwegian Krone		0.02 %
South African Rand		0.01 %
Australian Dollar		-0.01 %
Chinese Yuan Renminbi (Offshore)		-0.01 %
Colombian Peso		-0.01 %
Czech Koruna		-0.01 %
Singapore Dollar		-0.01 %
Euro		-0.32 %
Total Net Assets		100.00 %
Credit Rating		Portfolio %
AAA		2.36 %
AA		-1.06 %
A		1.15 %
BBB		14.79 %
BB		44.71 %
B		25.96 %
CCC		8.30 %
CC		0.10 %
C		0.14 %
Not Rated		2.22 %
Short Term Investments		1.22 %
Reverse Repurchase Agreements		-0.75 %
N/A		0.86 %
Total		100.00 %
Bonds by Maturity		Portfolio %
Less than 1 Year		8.52 %
1 to 5 Years		69.81 %
5 to 10 Years		17.77 %
10 to 20 Years		2.60 %
20 to 30 Years		0.39 %
More than 30 Years		0.75 %
Other		0.16 %
Total Net Assets		100.00 %
Portfolio Statistics:
Average Coupon:		7.48 %
Average Bond Price:		96.78
Percentage of Leverage(based on gross assets):
Bank Borrowing:		0.00 %
Investment Operations:*		14.10 %
Preferred Stock:		0.00 %
Tender Option Bonds:		0.00 %
VMTP Shares:		0.00 %
VRDP Shares:		0.00 %
Total Fund Leverage:		14.10 %
Average Maturity:		4.33 Years
Effective Duration:		2.96 Years
Total Net Assets:		$986.16 Million
Net Asset Value:		$11.44
Total Number of Holdings:		1,227
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.

 

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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 NAV is $11.44 with total net assets of $986.16 million as of July 31, 2025.

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

The portfolio is primarily invested in below-investment-grade securities, with 44.71% in BB-rated and 25.96% in B-rated securities. Investment-grade and other ratings make up the remainder.

How much leverage does AWF currently employ?

The fund employs 14.10% leverage through investment operations, with no bank borrowing or preferred stock leverage.

What is AWF's current portfolio composition by maturity?

The fund has 69.81% in 1-5 year bonds, 17.77% in 5-10 year bonds, and 8.52% in less than 1-year securities, with the remainder in longer-dated maturities.

What are the top sectors in AWF's portfolio?

The largest sectors are non-investment grade corporates (54.10%), with significant allocations to communications media, consumer non-cyclical, and energy sectors.