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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, 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.
AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) has released its monthly portfolio update as of July 31, 2024. The fund's total net assets stand at $969.29 Million with a Net Asset Value of $11.24. The portfolio consists of 1,293 holdings with a turnover rate of 45.00%.
Key portfolio statistics include an average coupon of 7.50%, an average bond price of 95.71, and a total fund leverage of 16.48%. The fund's investments are diversified across various sectors, with the largest allocations in Corporates - Non-Investment Grade (70.22%) and Corporates - Investment Grade (20.29%).
The portfolio has a global exposure, with the United States (67.43%) being the largest country allocation. The credit quality breakdown shows a concentration in BB (42.39%) and B (20.35%) rated securities. The fund's average maturity is 5.37 years with an effective duration of 3.23 years.
AllianceBernstein Closed-End Funds has announced distribution rates for two of its funds. AllianceBernstein Global High Income Fund (NYSE: AWF) will distribute $0.0655 per share of investment income, while AllianceBernstein National Municipal Income Fund (NYSE: AFB) will distribute $0.03266 per share of investment income.
For both funds, the ex-date, record date, and payment date are set for August 1, 2024, August 1, 2024, and August 16, 2024, respectively. These distributions were declared on July 22, 2024. AllianceBernstein L.P. manages both closed-end funds.
AllianceBernstein Global High Income Fund, Inc. [NYSE: AWF] has released its monthly portfolio update as of June 30, 2024. The fund's top fixed-income holding is U.S. Treasury Notes at 1.07% of the portfolio. The fund's investments are primarily in non-investment grade corporate bonds (49.13%), followed by investment-grade corporates (19.38%), and emerging market corporate bonds (5.69%).
The fund's total net assets stand at $956.89 million with a net asset value of $11.10. The portfolio includes 1,312 holdings with an average coupon of 7.48% and an average bond price of 94.25. The fund's leverage, based on gross assets, is 16.76% through investment operations. The portfolio has an average maturity of 5.46 years and an effective duration of 3.29 years.
Geographically, the majority of investments are in the United States (66.99%), followed by the United Kingdom (4.24%) and France (2.60%). The credit quality of the portfolio is predominantly in the BB (41.64%) and B (20.51%) categories.
The AllianceBernstein Closed-End Funds have announced their distribution rates for July 2024. Specifically, the AllianceBernstein Global High Income Fund (NYSE: AWF) will distribute $0.0655 per share of investment income, while the AllianceBernstein National Municipal Income Fund (NYSE: AFB) is set to distribute $0.03266 per share of investment income. Both funds have an ex-date and record date of July 11, 2024, with the payment date scheduled for July 26, 2024.
AllianceBernstein L.P. manages these funds. For more details, visit the original press release at the provided link.
AllianceBernstein Global High Income Fund (NYSE: AWF) has released its monthly portfolio update as of May 31, 2024. The update reveals a diversified portfolio with a significant allocation in U.S. Treasury Notes (1.06%), credit default swaps (14.80%), and corporates in various sectors including industrial, energy, and consumer non-cyclical. The fund's top holdings include U.S. Treasury Notes, bonds from CCO Holdings, and the Dominican Republic. The average coupon rate is 7.63%, with an average bond price of 93.99. The portfolio spans various maturities, with a majority (59.86%) in bonds maturing within 1 to 5 years. As of the report date, the fund's total net assets stand at $956.23 million, with a net asset value (NAV) of $11.09 per share. The fund holds 1,343 securities with a portfolio turnover rate of 45%. The update highlights the fund's strategic allocations across different sectors and geographic regions, aiming to optimize returns while managing risk.
AllianceBernstein Global High Income Fund (NYSE: AWF) reported its Q4 earnings for the period ending March 31, 2024. The Fund's total net assets grew to $966.42 million, up from $962.97 million at the end of 2023 and $910.95 million a year ago. Net asset value (NAV) per share rose to $11.21 from $11.17 in the previous quarter and $10.56 a year earlier. The Fund recorded a total net investment income of $17.71 million, or $0.21 per share, and a net realized and unrealized gain of $2.69 million, or $0.04 per share.
AllianceBernstein Global High Income Fund (AWF) released its monthly portfolio update as of April 30, 2024.
Top holdings include U.S. Treasury Notes (2.25%), CCO Holdings (4.50% and 4.75%), and Dominican Republic Intl Bond (8.625%).
The fund primarily invests in non-investment grade corporate bonds, with significant allocations in industrial (6.96%) and consumer non-cyclical sectors (6.73%).
Country exposure is concentrated in the U.S. (68.36%), with smaller allocations to the UK, France, and others.
The portfolio's average maturity is 5.84 years, with an effective duration of 3.36 years, and a leverage of 19.01%.
The net asset value stands at $11.01, with total net assets of $949.50 million.
AllianceBernstein Closed-End Funds announced distribution rates for two of its funds, effective May 24, 2024. The AllianceBernstein Global High Income Fund (NYSE: AWF) declared a distribution of $0.0655 per share, while the AllianceBernstein National Municipal Income Fund (NYSE: AFB) declared a distribution of $0.03266 per share. Both distributions have an ex-date and record date of June 6, 2024, with payment scheduled for June 21, 2024.
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