US Market News
1週前
ALLIANCEBERNSTEIN GLOBAL HIGH INCOME FUND, INC. REPORTS FOURTH QUARTER EARNINGSMay 29, 2026 4:06 PM
PR Newswire (US) NEW YORK, May 29, 2026 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF), a registered closed-end investment company, today announced earnings for the fourth quarter ended March 31, 2026.Total net assets of the Fund on March 31, 2026 were $963,393,828 as compared with $985,227,126 on December 31, 2025 and $966,409,431 on March 31, 2025. On March 31, 2026, the net asset value per share was $11.17 based on 86,229,677 shares of common stock outstanding.
March 31, 2026December 31, 2025March 31, 2025
Total Net Assets$963,393,828$985,227,126$966,409,431NAV Per Share$11.17$11.43$11.21Shares Outstanding 86,229,67786,229,67786,229,677For the period January 1, 2026 through March 31, 2026, total net investment income was $15,262,515 or $0.18 per share. The total net realized and unrealized loss was $(24,359,691) or $(0.28) per share for the same period.
Fourth Quarter EndedMarch 31, 2026Third Quarter EndedDecember 31, 2025Fourth Quarter EndedMarch 31, 2025
Total Net Investment Income $15,262,515$15,059,136$15,829,657Per Share$0.18$0.17$0.18Total Net Realized/ Unrealized Gain/(Loss)$(24,359,691)$(1,784,553)$(10,907,723)Per Share$(0.28)$(0.02)$(0.13)AllianceBernstein Global High Income Fund, Inc. is managed by AllianceBernstein L.P. View original content:https://www.prnewswire.com/news-releases/alliancebernstein-global-high-income-fund-inc-reports-fourth-quarter-earnings-302785961.htmlSOURCE AllianceBernstein Global High Income Fund, Inc. Original: ALLIANCEBERNSTEIN GLOBAL HIGH INCOME FUND, INC. REPORTS FOURTH QUARTER EARNINGS
US Market News
2週前
AllianceBernstein Global High Income Fund, Inc. RELEASES MONTHLY PORTFOLIO UPDATEMay 22, 2026 4:06 PM
PR Newswire (US) NEW YORK, May 22, 2026 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc. [NYSE: AWF] (the "Fund") today released its monthly portfolio update as of April 30, 2026. AllianceBernstein Global High Income Fund, Inc.
Top 10 Fixed-Income Holdings
Portfolio %1) U.S. Treasury Notes 2.25%, 02/15/27
1.09 %2) 1261229 BC Ltd. 10.00%, 04/15/32
0.58 %3) DISH DBS Corp. 5.75%, 12/01/28
0.48 %4) DaVita, Inc. 4.625%, 06/01/30
0.47 %5) Carvana Co. 9.00%, 06/01/30 - 06/01/31
0.45 %6) American Airlines/AAdvantage 5.75%, 04/20/29
0.41 %7) Advance Auto Parts, Inc. 7.00%, 08/01/30
0.40 %8) Tenet Healthcare Corp. 5.50%, 11/15/32
0.39 %9) TransDigm, Inc. 6.00%, 01/15/33
0.38 %10) Allied Universal Holdco/Allied Universal Finance Corp. 4.625%, 06/01/28
0.38 %
Investment Type
Portfolio %Corporates - Non-Investment Grade
Industrial
Consumer Non-Cyclical
7.36 %Communications - Media
5.70 %Energy
5.16 %Capital Goods
5.03 %Consumer Cyclical - Other
4.93 %Consumer Cyclical - Retailers
4.83 %Technology
3.92 %Basic
3.59 %Services
3.31 %Consumer Cyclical - Automotive
2.89 %Communications - Telecommunications
2.50 %Transportation - Services
1.64 %Consumer Cyclical - Entertainment
0.89 %Other Industrial
0.77 %Transportation - Airlines
0.65 %Consumer Cyclical - Restaurants
0.35 %SUBTOTAL
53.52 %Credit Default Swaps
13.37 %Financial Institutions
Finance
2.87 %Insurance
1.47 %Financial Services
1.14 %Brokerage
0.99 %Banking
0.80 %REITs
0.63 %SUBTOTAL
7.90 %Utility
Electric
0.92 %Natural Gas
0.09 %SUBTOTAL
1.01 %SUBTOTAL
75.80 %Corporates - Investment Grade
Industrial
Energy
1.86 %Consumer Cyclical - Other
1.17 %Communications - Media
0.86 %Basic
0.85 %Consumer Cyclical - Automotive
0.81 %Consumer Cyclical - Entertainment
0.64 %Consumer Non-Cyclical
0.51 %Consumer Cyclical - Restaurants
0.45 %Communications - Telecommunications
0.44 %Technology
0.31 %Consumer Cyclical - Retailers
0.20 %Transportation - Services
0.18 %Transportation - Airlines
0.11 %Other Industrial
0.07 %Transportation - Railroads
0.03 %SUBTOTAL
8.49 %Financial Institutions
Banking
2.86 %REITs
0.69 %Insurance
0.67 %Finance
0.57 %Brokerage
0.14 %SUBTOTAL
4.93 %Utility
Electric
1.37 %SUBTOTAL
1.37 %SUBTOTAL
14.79 %Bank Loans
Industrial
Technology
1.41 %Communications - Media
0.85 %Consumer Non-Cyclical
0.46 %Energy
0.35 %Capital Goods
0.34 %Communications - Telecommunications
0.33 %Consumer Cyclical - Retailers
0.21 %Consumer Cyclical - Other
0.12 %Other Industrial
0.11 %Transportation - Airlines
0.09 %Basic
0.06 %Consumer Cyclical - Automotive
0.06 %SUBTOTAL
4.39 %Financial Institutions
Insurance
0.80 %Financial Services
0.28 %Brokerage
0.15 %Finance
0.14 %Banking
0.02 %SUBTOTAL
1.39 %SUBTOTAL
5.78 %Interest Rate Swaps
5.54 %Emerging Markets - Corporate Bonds
Industrial
Basic
1.40 %Energy
1.20 %Consumer Cyclical - Other
0.83 %Consumer Non-Cyclical
0.58 %Communications - Telecommunications
0.26 %Capital Goods
0.16 %Transportation - Services
0.08 %Communications - Media
0.02 %Services
0.02 %SUBTOTAL
4.55 %Utility
Electric
0.62 %Other Utility
0.02 %SUBTOTAL
0.64 %Financial Institutions
Banking
0.25 %REITs
0.10 %SUBTOTAL
0.35 %SUBTOTAL
5.54 %EM Governments
3.84 %Interest Rate Futures
2.12 %U.S. Govt & Agency Securities
1.65 %Quasi-Sovereigns
Quasi-Sovereign Bonds
0.75 %SUBTOTAL
0.75 %Collateralized Mortgage Obligations
Non-Agency Fixed Rate
0.28 %Non-Agency Floating Rate
0.24 %Agency Fixed Rate
0.15 %SUBTOTAL
0.67 %Asset-Backed Securities
Other ABS - Fixed Rate
0.48 %Other ABS - Floating Rate
0.08 %SUBTOTAL
0.56 %Common Stocks
0.44 %Local Governments - US Municipal Bonds
0.37 %Emerging Markets - Treasuries
0.30 %Inflation-Linked Securities
0.29 %Collateralized Loan Obligations
CLO - Floating Rate
0.20 %SUBTOTAL
0.20 %Preferred Stocks
Industrials
0.17 %SUBTOTAL
0.17 %Commercial Mortgage-Backed Securities
Non-Agency Fixed Rate CMBS
0.15 %SUBTOTAL
0.15 %Forward Currency Exchange Contracts
Currency Instruments
0.01 %SUBTOTAL
0.01 %Rights
Communication Services
0.01 %SUBTOTAL
0.01 %Reverse Repurchase Agreements
-0.99 %Cash & Cash Equivalents
Funds and Investment Trusts
1.84 %Cash
0.62 %SUBTOTAL
2.46 %Derivative Offsets
Futures Offsets
-2.13 %Swap Offsets
-18.32 %SUBTOTAL
-20.45 %TOTAL
100.00 %
Country Breakdown
Portfolio %United States
67.45 %Canada
3.42 %United Kingdom
3.32 %France
2.68 %Brazil
1.24 %Italy
1.17 %Colombia
1.16 %Mexico
1.14 %Spain
1.04 %India
0.97 %Germany
0.94 %Turkey
0.88 %Luxembourg
0.78 %South Africa
0.70 %Australia
0.69 %Chile
0.51 %Macau
0.48 %Japan
0.47 %Switzerland
0.47 %Israel
0.45 %Argentina
0.44 %Hong Kong
0.44 %Jersey (Channel Islands)
0.39 %Nigeria
0.39 %Ireland
0.35 %China
0.34 %Norway
0.34 %Indonesia
0.33 %Romania
0.33 %Costa Rica
0.31 %Egypt
0.31 %Ecuador
0.30 %Puerto Rico
0.30 %Denmark
0.28 %Guatemala
0.28 %Senegal
0.27 %Peru
0.26 %El Salvador
0.25 %Trinidad and Tobago
0.25 %Cayman Islands
0.21 %Netherlands
0.21 %Dominican Republic
0.20 %Slovenia
0.19 %Angola
0.13 %Kazakhstan
0.11 %Zambia
0.11 %Kenya
0.10 %Sri Lanka
0.10 %Ukraine
0.10 %Panama
0.09 %Malaysia
0.08 %Finland
0.07 %Morocco
0.07 %Belgium
0.05 %Greece
0.05 %Jamaica
0.05 %Uzbekistan
0.05 %Kuwait
0.04 %Serbia
0.03 %Cash & Cash Equivalents
1.84 %Total Investments
100.00 %
Net Currency Exposure Breakdown
Portfolio %US Dollar
100.05 %Canadian Dollar
0.18 %Pound Sterling
0.15 %Brazilian Real
0.05 %Norwegian Krone
0.03 %Colombian Peso
0.01 %South African Rand
0.01 %Czech Koruna
-0.01 %Hungarian Forint
-0.01 %Polish Zloty
-0.01 %Swedish Krona
-0.01 %Euro
-0.44 %Total Net Assets
100.00 %
Credit Rating
Portfolio %AAA
2.57 %AA
-1.20 %A
1.05 %BBB
15.01 %BB
44.76 %B
25.64 %CCC
6.82 %CC
0.26 %C
0.36 %Not Rated
1.64 %Short Term Investments
1.84 %Reverse Repurchase Agreements
-0.99 %N/A
2.24 %Total
100.00 %
Bonds by Maturity
Portfolio %Less than 1 Year
11.64 %1 to 5 Years
65.46 %5 to 10 Years
17.36 %10 to 20 Years
3.42 %20 to 30 Years
0.74 %More than 30 Years
0.93 %Other
0.45 %Total Net Assets
100.00 %
Portfolio Statistics:
Average Coupon:
7.08 %Average Bond Price:
97.44Percentage of Leverage(based on gross assets):
Bank Borrowing:
0.00 %Investment Operations:*
14.29 %Preferred Stock:
0.00 %Tender Option Bonds:
0.00 %VMTP Shares:
0.00 %VRDP Shares:
0.00 %Total Fund Leverage:
14.29 %Average Maturity:
4.28 YearsEffective Duration:
3.01 YearsTotal Net Assets:
$980.33 MillionNet Asset Value:
$11.37Total Number of Holdings:
1,228Portfolio 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. TheFund 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-302780284.htmlSOURCE AllianceBernstein Global High Income Fund, Inc. Original: AllianceBernstein Global High Income Fund, Inc. RELEASES MONTHLY PORTFOLIO UPDATE
US Market News
4週前
AllianceBernstein National Municipal Income Fund, Inc. and AllianceBernstein Global High Income Fund, Inc. Announcement Regarding Planned Merger of Equitable and CorebridgeMay 11, 2026 4:06 PM
PR Newswire (US) NEW YORK, May 11, 2026 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) and AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (each a "Fund"), each announced today that at in-person meetings of the Board of Directors (the "Board") held on May 5-7, 2026, the Board voted unanimously approved a new investment advisory agreement and interim investment advisory agreement with AllianceBernstein L.P. (the "Adviser") containing identical terms to those in the current advisory agreement. The approvals were made in connection with the previously announced merger transaction (the "Transaction") between Equitable Holdings, Inc., the holder of a majority of the partnership interests in the Adviser, and Corebridge Financial, Inc. Upon completion of the Transaction, each Fund's existing investment advisory agreement may be deemed an "assignment," as defined under the Investment Company Act of 1940, as amended (the "1940 Act"), and as a result, will automatically terminate upon assignment.Pursuant to the 1940 Act, the new advisory agreement for each Fund requires stockholder approval. It is anticipated that the advisory agreement proposal will be submitted to each Fund's stockholders at an upcoming special meeting of stockholders.Each Fund is a registered closed-end management investment company managed by the Adviser. View original content:https://www.prnewswire.com/news-releases/alliancebernstein-national-municipal-income-fund-inc-and-alliancebernstein-global-high-income-fund-inc-announcement-regarding-planned-merger-of-equitable-and-corebridge-302768630.htmlSOURCE AllianceBernstein Closed-End Funds Original: AllianceBernstein National Municipal Income Fund, Inc. and AllianceBernstein Global High Income Fund, Inc. Announcement Regarding Planned Merger of Equitable and Corebridge
US Market News
1月前
AllianceBernstein Global High Income Fund, Inc. Releases Monthly Portfolio UpdateApril 27, 2026 4:06 PM
PR Newswire (US)
NEW YORK, April 27, 2026 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of March 31, 2026.
AllianceBernstein Global High Income Fund, Inc.
Top 10 Fixed-Income Holdings
Portfolio %1) U.S. Treasury Notes 2.25%, 02/15/27
1.11 %2) 1261229 BC Ltd. 10.00%, 04/15/32
0.58 %3) DaVita, Inc. 4.625%, 06/01/30
0.47 %4) Carvana Co. 9.00%, 06/01/30 - 06/01/31
0.46 %5) American Airlines/AAdvantage 5.75%, 04/20/29
0.41 %6) Advance Auto Parts, Inc. 7.00%, 08/01/30
0.40 %7) Dominican Republic Intl Bond 8.625%, 04/20/27
0.40 %8) Tenet Healthcare Corp. 5.50%, 11/15/32
0.40 %9) TransDigm, Inc. 6.00%, 01/15/33
0.38 %10) Allied Universal Holdco/Allied Universal Finance Corp. 4.625%, 06/01/28
0.38 %
Investment Type
Portfolio %Corporates - Non-Investment Grade
Industrial
Consumer Non-Cyclical
7.25 %Energy
6.07 %Capital Goods
5.29 %Communications - Media
5.25 %Consumer Cyclical - Other
4.97 %Consumer Cyclical - Retailers
4.84 %Technology
3.37 %Basic
3.25 %Services
3.25 %Consumer Cyclical - Automotive
3.00 %Communications - Telecommunications
2.94 %Transportation - Services
1.80 %Consumer Cyclical - Entertainment
0.90 %Other Industrial
0.74 %Transportation - Airlines
0.60 %Consumer Cyclical - Restaurants
0.35 %SUBTOTAL
53.87 %Credit Default Swaps
16.23 %Financial Institutions
Finance
2.73 %Insurance
1.39 %Financial Services
1.15 %Brokerage
1.00 %REITs
0.62 %Banking
0.37 %SUBTOTAL
7.26 %Utility
Electric
0.87 %Natural Gas
0.09 %SUBTOTAL
0.96 %SUBTOTAL
78.32 %Corporates - Investment Grade
Industrial
Energy
1.78 %Consumer Cyclical - Other
1.16 %Basic
0.89 %Communications - Media
0.88 %Consumer Cyclical - Automotive
0.82 %Consumer Cyclical - Entertainment
0.65 %Consumer Non-Cyclical
0.52 %Consumer Cyclical - Restaurants
0.38 %Communications - Telecommunications
0.24 %Transportation - Services
0.18 %Consumer Cyclical - Retailers
0.15 %Technology
0.11 %Transportation - Airlines
0.11 %Other Industrial
0.07 %Transportation - Railroads
0.03 %SUBTOTAL
7.97 %Financial Institutions
Banking
3.35 %REITs
0.73 %Insurance
0.68 %Finance
0.55 %Brokerage
0.14 %SUBTOTAL
5.45 %Utility
Electric
1.37 %SUBTOTAL
1.37 %SUBTOTAL
14.79 %Emerging Markets - Corporate Bonds
Industrial
Basic
1.46 %Energy
1.11 %Consumer Cyclical - Other
0.84 %Consumer Non-Cyclical
0.58 %Communications - Telecommunications
0.21 %Capital Goods
0.16 %Transportation - Services
0.08 %Communications - Media
0.02 %Services
0.02 %SUBTOTAL
4.48 %Utility
Electric
0.61 %Other Utility
0.15 %SUBTOTAL
0.76 %Financial Institutions
Banking
0.25 %REITs
0.10 %Finance
0.05 %SUBTOTAL
0.40 %SUBTOTAL
5.64 %Bank Loans
Industrial
Technology
1.43 %Communications - Media
0.84 %Consumer Non-Cyclical
0.46 %Capital Goods
0.35 %Communications - Telecommunications
0.29 %Consumer Cyclical - Retailers
0.21 %Transportation - Services
0.17 %Consumer Cyclical - Other
0.12 %Other Industrial
0.12 %Transportation - Airlines
0.10 %Consumer Cyclical - Automotive
0.07 %Basic
0.05 %SUBTOTAL
4.21 %Financial Institutions
Insurance
0.79 %Financial Services
0.29 %Brokerage
0.15 %Finance
0.15 %Banking
0.02 %SUBTOTAL
1.40 %SUBTOTAL
5.61 %Interest Rate Swaps
5.38 %EM Governments
4.23 %Interest Rate Futures
2.20 %U.S. Govt & Agency Securities
1.68 %Collateralized Mortgage Obligations
Non-Agency Fixed Rate
0.28 %Non-Agency Floating Rate
0.25 %Agency Fixed Rate
0.16 %Risk Share Floating Rate
0.15 %SUBTOTAL
0.84 %Quasi-Sovereigns
Quasi-Sovereign Bonds
0.75 %SUBTOTAL
0.75 %Asset-Backed Securities
Other ABS - Fixed Rate
0.33 %Other ABS - Floating Rate
0.08 %SUBTOTAL
0.41 %Common Stocks
0.40 %Local Governments - US Municipal Bonds
0.38 %Inflation-Linked Securities
0.29 %Emerging Markets - Treasuries
0.29 %Forward Currency Exchange Contracts
Currency Instruments
0.27 %SUBTOTAL
0.27 %Collateralized Loan Obligations
CLO - Floating Rate
0.20 %SUBTOTAL
0.20 %Commercial Mortgage-Backed Securities
Non-Agency Fixed Rate CMBS
0.16 %SUBTOTAL
0.16 %Preferred Stocks
Industrials
0.03 %SUBTOTAL
0.03 %Rights
Communication Services
0.01 %SUBTOTAL
0.01 %Reverse Repurchase Agreements
-0.82 %Cash & Cash Equivalents
Cash
1.53 %Funds and Investment Trusts
1.22 %SUBTOTAL
2.75 %Derivative Offsets
Futures Offsets
-2.21 %Swap Offsets
-21.60 %SUBTOTAL
-23.81 %TOTAL
100.00 %
Country Breakdown
Portfolio %United States
67.72 %United Kingdom
3.44 %Canada
3.18 %France
2.73 %Colombia
1.33 %Brazil
1.20 %Italy
1.18 %Mexico
1.11 %Spain
1.05 %India
1.02 %Turkey
0.89 %South Africa
0.87 %Germany
0.80 %Luxembourg
0.77 %Australia
0.60 %Hong Kong
0.60 %Ireland
0.59 %Japan
0.54 %Chile
0.46 %Israel
0.45 %Argentina
0.44 %Switzerland
0.41 %Dominican Republic
0.40 %Nigeria
0.39 %Peru
0.37 %China
0.35 %Norway
0.35 %Indonesia
0.34 %Macau
0.33 %Romania
0.33 %Costa Rica
0.31 %Jersey (Channel Islands)
0.31 %Netherlands
0.31 %Puerto Rico
0.31 %Egypt
0.30 %Denmark
0.29 %Ecuador
0.27 %Senegal
0.27 %El Salvador
0.25 %Guatemala
0.22 %Slovenia
0.16 %Uzbekistan
0.16 %Angola
0.15 %Panama
0.14 %Trinidad and Tobago
0.14 %Zambia
0.12 %Kazakhstan
0.11 %Kenya
0.10 %Sri Lanka
0.10 %Ukraine
0.09 %Malaysia
0.08 %Finland
0.07 %Belgium
0.05 %Greece
0.05 %Jamaica
0.05 %Kuwait
0.04 %Morocco
0.04 %Serbia
0.03 %Cash & Cash Equivalents
1.24 %Total Investments
100.00 %
Net Currency Exposure Breakdown
Portfolio %US Dollar
99.92 %Canadian Dollar
0.19 %Pound Sterling
0.14 %Brazilian Real
0.11 %Norwegian Krone
0.02 %South African Rand
0.02 %Indian Rupee
0.01 %Australian Dollar
-0.01 %Chinese Yuan Renminbi (Offshore)
-0.01 %Czech Koruna
-0.01 %Polish Zloty
-0.01 %Colombian Peso
-0.02 %Euro
-0.35 %Total Net Assets
100.00 %
Credit Rating
Portfolio %AAA
2.49 %AA
-0.62 %A
1.02 %BBB
14.76 %BB
44.95 %B
24.83 %CCC
7.41 %CC
0.34 %C
0.35 %Not Rated
1.56 %Short Term Investments
1.22 %Reverse Repurchase Agreements
-0.82 %N/A
2.51 %Total
100.00 %
Bonds by Maturity
Portfolio %Less than 1 Year
10.38 %1 to 5 Years
62.25 %5 to 10 Years
21.39 %10 to 20 Years
3.19 %20 to 30 Years
0.83 %More than 30 Years
1.55 %Other
0.41 %Total Net Assets
100.00 %
Portfolio Statistics:
Average Coupon:
7.24 %Average Bond Price:
96.13Percentage of Leverage(based on gross assets):
Bank Borrowing:
0.00 %Investment Operations:*
11.19 %Preferred Stock:
0.00 %Tender Option Bonds:
0.00 %VMTP Shares:
0.00 %VRDP Shares:
0.00 %Total Fund Leverage:
11.19 %Average Maturity:
4.62 YearsEffective Duration:
3.05 YearsTotal Net Assets:
$963.27 MillionNet Asset Value:
$11.17Total Number of Holdings:
1,250Portfolio 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. TheFund 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-302754672.htmlSOURCE AllianceBernstein Global High Income Fund, Inc.
Original: AllianceBernstein Global High Income Fund, Inc. Releases Monthly Portfolio Update
US Market News
2月前
AllianceBernstein National Municipal Income Fund, Inc. and AllianceBernstein Global High Income Fund, Inc. Announcement Regarding Planned Merger of Equitable and CorebridgeApril 17, 2026 6:24 PM
PR Newswire (US)
NEW YORK, April 17, 2026 /PRNewswire/ -- On March 26, 2026, Equitable Holdings, Inc. ("EQH"), the holder of a majority of the partnership interests in AllianceBernstein L.P. (the "Adviser"), the investment adviser to AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) and AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (each a "Fund" and collectively, the "Funds"), and the indirect parent of AllianceBernstein Corporation, the general partner of the Adviser, and Corebridge Financial, Inc. ("Corebridge") announced that they have entered into a definitive agreement to merge (the "Transaction"). The Transaction is expected to close by the end of 2026, subject to customary closing conditions, including the receipt of requisite regulatory approvals and approval of the shareholders of both EQH and Corebridge.Under the Investment Company Act of 1940, as amended (the "1940 Act"), an investment advisory agreement between a registered investment company, such as the Funds, and its investment adviser must include a provision providing for its automatic termination upon its "assignment" (as defined in the 1940 Act). The closing of the Transaction will be deemed to cause an "assignment" of the investment advisory agreement between each Fund and the Adviser. As a result, the closing of the Transaction will cause the investment advisory agreement to terminate automatically in accordance with its terms. It is anticipated that, prior to the closing of the Transaction, each Fund's Board of Directors (each, a "Board" and collectively, the "Boards") will consider a new investment advisory agreement between the Fund and the Adviser. If approved by the Board, the new investment advisory agreement will be presented to the Fund's shareholders for approval, and, if approved by shareholders, it will take effect upon the closing of the Transaction.Each Fund is a registered closed-end management investment company managed by the Adviser.
View original content:https://www.prnewswire.com/news-releases/alliancebernstein-national-municipal-income-fund-inc-and-alliancebernstein-global-high-income-fund-inc-announcement-regarding-planned-merger-of-equitable-and-corebridge-302746357.htmlSOURCE AllianceBernstein Closed-End Funds
Original: AllianceBernstein National Municipal Income Fund, Inc. and AllianceBernstein Global High Income Fund, Inc. Announcement Regarding Planned Merger of Equitable and Corebridge
US Market News
2月前
AllianceBernstein Global High Income Fund, Inc. RELEASES MONTHLY PORTFOLIO UPDATEMarch 23, 2026 4:06 PM
PR Newswire (US)
NEW YORK, March 23, 2026 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc. [NYSE: AWF] (the "Fund") today released its monthly portfolio update as of February 28, 2026.
AllianceBernstein Global High Income Fund, Inc.
Top 10 Fixed-Income Holdings
Portfolio %1) U.S. Treasury Notes 2.25%, 02/15/27
1.08 %2) 1261229 BC Ltd. 10.00%, 04/15/32
0.58 %3) DaVita, Inc. 4.625%, 06/01/30
0.47 %4) Carvana Co. 9.00%, 06/01/30 - 06/01/31
0.45 %5) American Airlines/AAdvantage 5.75%, 04/20/29
0.41 %6) Advance Auto Parts, Inc. 7.00%, 08/01/30
0.40 %7) Dominican Republic Intl Bond 8.625%, 04/20/27
0.40 %8) Tenet Healthcare Corp. 5.50%, 11/15/32
0.40 %9) Millennium Escrow Corp. 6.625%, 08/01/26
0.38 %10) TransDigm, Inc. 6.00%, 01/15/33
0.38 %
Investment Type
Portfolio %Corporates - Non-Investment Grade
Industrial
Consumer Non-Cyclical
7.42 %Energy
6.40 %Communications - Media
5.31 %Consumer Cyclical - Retailers
5.08 %Capital Goods
4.96 %Consumer Cyclical - Other
4.92 %Basic
3.37 %Services
3.15 %Technology
2.90 %Consumer Cyclical - Automotive
2.83 %Communications - Telecommunications
2.75 %Transportation - Services
1.79 %Consumer Cyclical - Entertainment
0.85 %Other Industrial
0.77 %Transportation - Airlines
0.60 %Consumer Cyclical - Restaurants
0.44 %SUBTOTAL
53.54 %Credit Default Swaps
13.33 %Financial Institutions
Finance
2.60 %Insurance
1.36 %Financial Services
1.24 %Brokerage
0.99 %REITs
0.90 %Banking
0.38 %SUBTOTAL
7.47 %Utility
Electric
0.97 %Natural Gas
0.05 %SUBTOTAL
1.02 %SUBTOTAL
75.36 %Corporates - Investment Grade
Industrial
Energy
1.65 %Consumer Cyclical - Other
1.17 %Basic
0.94 %Consumer Cyclical - Automotive
0.83 %Communications - Media
0.65 %Consumer Cyclical - Entertainment
0.65 %Consumer Non-Cyclical
0.52 %Consumer Cyclical - Restaurants
0.37 %Technology
0.32 %Communications - Telecommunications
0.24 %Transportation - Services
0.18 %Consumer Cyclical - Retailers
0.15 %Transportation - Airlines
0.11 %Other Industrial
0.07 %Transportation - Railroads
0.03 %SUBTOTAL
7.88 %Financial Institutions
Banking
3.68 %REITs
0.73 %Insurance
0.69 %Finance
0.51 %Brokerage
0.14 %SUBTOTAL
5.75 %Utility
Electric
1.11 %SUBTOTAL
1.11 %SUBTOTAL
14.74 %Emerging Markets - Corporate Bonds
Industrial
Basic
1.36 %Energy
1.06 %Consumer Cyclical - Other
0.84 %Consumer Non-Cyclical
0.59 %Communications - Telecommunications
0.21 %Capital Goods
0.16 %Transportation - Services
0.10 %Communications - Media
0.02 %Services
0.02 %SUBTOTAL
4.36 %Utility
Electric
0.65 %Other Utility
0.15 %SUBTOTAL
0.80 %Financial Institutions
Banking
0.25 %REITs
0.07 %Finance
0.05 %SUBTOTAL
0.37 %SUBTOTAL
5.53 %Bank Loans
Industrial
Technology
1.42 %Communications - Media
0.80 %Consumer Non-Cyclical
0.46 %Capital Goods
0.34 %Communications - Telecommunications
0.29 %Consumer Cyclical - Retailers
0.21 %Transportation - Services
0.17 %Consumer Cyclical - Other
0.12 %Other Industrial
0.11 %Transportation - Airlines
0.10 %Consumer Cyclical - Automotive
0.08 %Basic
0.05 %SUBTOTAL
4.15 %Financial Institutions
Insurance
0.65 %Financial Services
0.27 %Brokerage
0.15 %Finance
0.14 %Banking
0.02 %SUBTOTAL
1.23 %SUBTOTAL
5.38 %EM Governments
4.36 %Interest Rate Swaps
3.74 %Interest Rate Futures
2.17 %U.S. Govt & Agency Securities
1.66 %Quasi-Sovereigns
Quasi-Sovereign Bonds
1.03 %SUBTOTAL
1.03 %Collateralized Mortgage Obligations
Non-Agency Fixed Rate
0.29 %Non-Agency Floating Rate
0.25 %Agency Fixed Rate
0.15 %Risk Share Floating Rate
0.15 %SUBTOTAL
0.84 %Common Stocks
0.42 %Local Governments - US Municipal Bonds
0.39 %Asset-Backed Securities
Other ABS - Fixed Rate
0.25 %Other ABS - Floating Rate
0.09 %Autos - Fixed Rate
0.02 %SUBTOTAL
0.36 %Emerging Markets - Treasuries
0.29 %Inflation-Linked Securities
0.28 %Collateralized Loan Obligations
CLO - Floating Rate
0.20 %SUBTOTAL
0.20 %Commercial Mortgage-Backed Securities
Non-Agency Fixed Rate CMBS
0.16 %SUBTOTAL
0.16 %Forward Currency Exchange Contracts
Currency Instruments
0.08 %SUBTOTAL
0.08 %Preferred Stocks
Industrials
0.03 %SUBTOTAL
0.03 %Rights
Communication Services
0.01 %SUBTOTAL
0.01 %EM Governments Agencies
Credit Default Swaps
-0.25 %SUBTOTAL
-0.25 %Reverse Repurchase Agreements
-0.80 %Cash & Cash Equivalents
Funds and Investment Trusts
2.31 %Cash
0.66 %SUBTOTAL
2.97 %Derivative Offsets
Futures Offsets
-2.15 %Swap Offsets
-16.80 %SUBTOTAL
-18.95 %TOTAL
100.00 %
Country Breakdown
Portfolio %United States
66.17 %United Kingdom
3.48 %Canada
3.05 %France
2.68 %Colombia
1.35 %Brazil
1.30 %Mexico
1.23 %Italy
1.20 %Spain
1.06 %India
1.03 %Turkey
0.89 %South Africa
0.84 %Germany
0.81 %Luxembourg
0.76 %Nigeria
0.64 %Ireland
0.60 %Australia
0.59 %Hong Kong
0.59 %Chile
0.46 %Israel
0.45 %Japan
0.45 %Argentina
0.43 %Switzerland
0.42 %Dominican Republic
0.40 %Finland
0.38 %Peru
0.37 %China
0.35 %Norway
0.35 %Romania
0.34 %Indonesia
0.33 %Netherlands
0.33 %Jersey (Channel Islands)
0.32 %Macau
0.32 %Costa Rica
0.31 %Puerto Rico
0.31 %Senegal
0.30 %Denmark
0.29 %Ecuador
0.29 %Egypt
0.27 %El Salvador
0.25 %Guatemala
0.22 %Slovenia
0.16 %Uzbekistan
0.16 %Angola
0.14 %Panama
0.14 %Azerbaijan
0.11 %Trinidad and Tobago
0.11 %Zambia
0.11 %Kazakhstan
0.10 %Ukraine
0.10 %Malaysia
0.08 %Belgium
0.05 %Greece
0.05 %Jamaica
0.05 %Morocco
0.05 %Kuwait
0.04 %Serbia
0.03 %Cash & Cash Equivalents
2.31 %Total Investments
100.00 %
Net Currency Exposure Breakdown
Portfolio %US Dollar
99.84 %Colombian Peso
0.25 %Canadian Dollar
0.19 %Pound Sterling
0.16 %Norwegian Krone
0.02 %South African Rand
0.02 %Brazilian Real
0.01 %New Taiwan Dollar
0.01 %Chinese Yuan Renminbi (Offshore)
-0.01 %Czech Koruna
-0.01 %Swedish Krona
-0.01 %Euro
-0.47 %Total Net Assets
100.00 %
Credit Rating
Portfolio %AAA
2.66 %AA
-1.01 %A
0.87 %BBB
15.17 %BB
44.98 %B
24.37 %CCC
7.62 %CC
0.32 %C
0.12 %Not Rated
1.51 %Short Term Investments
2.31 %Reverse Repurchase Agreements
-0.80 %N/A
1.88 %Total
100.00 %
Bonds by Maturity
Portfolio %Less than 1 Year
14.12 %1 to 5 Years
64.49 %5 to 10 Years
15.68 %10 to 20 Years
3.56 %20 to 30 Years
1.00 %More than 30 Years
0.72 %Other
0.43 %Total Net Assets
100.00 %
Portfolio Statistics:
Average Coupon:
7.15 %Average Bond Price:
97.92Percentage of Leverage(based on gross assets):
Bank Borrowing:
0.00 %Investment Operations:*
13.72 %Preferred Stock:
0.00 %Tender Option Bonds:
0.00 %VMTP Shares:
0.00 %VRDP Shares:
0.00 %Total Fund Leverage:
13.72 %Average Maturity:
4.24 YearsEffective Duration:
2.97 YearsTotal Net Assets:
$984.63 MillionNet Asset Value:
$11.42Total Number of Holdings:
1,244Portfolio Turnover:
68.00 %
* Investment Operations may include the use of certain portfolio management techniques such as creditdefault 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. TheFund 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-302722445.htmlSOURCE AllianceBernstein Global High Income Fund, Inc.
Original: AllianceBernstein Global High Income Fund, Inc. RELEASES MONTHLY PORTFOLIO UPDATE
US Market News
3月前
ALLIANCEBERNSTEIN GLOBAL HIGH INCOME FUND, INC. REPORTS THIRD QUARTER EARNINGSFebruary 27, 2026 4:06 PM
PR Newswire (US)
NEW YORK, Feb. 27, 2026 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF), a registered closed-end investment company, today announced earnings for the third quarter ended December 31, 2025.Total net assets of the Fund on December 31, 2025 were $985,227,126 as compared with $993,104,684 on September 30, 2025 and $978,431,163 on December 31, 2024. On December 31, 2025, the net asset value per share was $11.43 based on 86,229,677 shares of common stock outstanding.
December 31, 2025September 30, 2025December 31, 2024
Total Net Assets$985,227,126$993,104,684$978,431,163NAV Per Share$11.43$11.52$11.35Shares Outstanding 86,229,67786,229,67786,229,677For the period October 1, 2025 through December 31, 2025, total net investment income was $15,059,136 or $0.17 per share. The total net realized and unrealized loss was $(1,784,553) or $(0.02) per share for the same period.
Third QuarterEndedDecember 31, 2025 Second QuarterEndedSeptember 30, 2025 Third QuarterEndedDecember 31, 2024
Total Net Investment Income $15,059,136 $31,772,437 $16,146,424 Per Share$0.17$0.20$0.19
Total Net Realized/ Unrealized Gain/(Loss)$(1,784,553)$9,886,429$(8,683,161)Per Share$(0.02)$0.11$(0.10)AllianceBernstein Global High Income Fund, Inc. is managed by AllianceBernstein L.P.
View original content:https://www.prnewswire.com/news-releases/alliancebernstein-global-high-income-fund-inc-reports-third-quarter-earnings-302699779.htmlSOURCE AllianceBernstein Global High Income Fund, Inc.
Original: ALLIANCEBERNSTEIN GLOBAL HIGH INCOME FUND, INC. REPORTS THIRD QUARTER EARNINGS
US Market News
3月前
AllianceBernstein Global High Income Fund, Inc. Releases Monthly Portfolio UpdateFebruary 23, 2026 4:06 PM
PR Newswire (US)
NEW YORK, Feb. 23, 2026 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc. [NYSE: AWF] (the "Fund") today released its monthly portfolio update as of January 31, 2026.AllianceBernstein Global High Income Fund, Inc.
Top 10 Fixed-Income Holdings
Portfolio %1) U.S. Treasury Notes 2.25%, 02/15/27
1.08 %2) 1261229 BC Ltd. 10.00%, 04/15/32
0.57 %3) DaVita, Inc. 4.625%, 06/01/30
0.46 %4) Carvana Co. 9.00%, 06/01/30 - 06/01/31
0.45 %5) Advance Auto Parts, Inc. 7.00%, 08/01/30
0.43 %6) American Airlines/AAdvantage 5.75%, 04/20/29
0.41 %7) Dominican Republic Intl Bond 8.625%, 04/20/27
0.40 %8) Tenet Healthcare Corp. 5.50%, 11/15/32
0.39 %9) Millennium Escrow Corp. 6.625%, 08/01/26
0.39 %10) TransDigm, Inc. 6.00%, 01/15/33
0.38 %
Investment Type
Portfolio %Corporates - Non-Investment Grade
Industrial
Consumer Non-Cyclical
7.59 %Energy
6.85 %Communications - Media
5.65 %Consumer Cyclical - Retailers
5.12 %Consumer Cyclical - Other
4.90 %Capital Goods
4.74 %Basic
3.31 %Communications - Telecommunications
2.99 %Services
2.99 %Consumer Cyclical - Automotive
2.75 %Technology
2.26 %Transportation - Services
1.73 %Consumer Cyclical - Entertainment
0.94 %Other Industrial
0.78 %Transportation - Airlines
0.60 %Consumer Cyclical - Restaurants
0.44 %SUBTOTAL
53.64 %Credit Default Swaps
13.40 %Financial Institutions
Finance
2.50 %Financial Services
1.32 %REITs
1.12 %Brokerage
1.04 %Insurance
0.81 %Banking
0.41 %SUBTOTAL
7.20 %Utility
Electric
1.06 %Natural Gas
0.05 %SUBTOTAL
1.11 %SUBTOTAL
75.35 %Corporates - Investment Grade
Industrial
Energy
2.00 %Consumer Cyclical - Other
1.28 %Basic
0.94 %Consumer Cyclical - Automotive
0.84 %Consumer Cyclical - Entertainment
0.73 %Consumer Non-Cyclical
0.69 %Communications - Media
0.57 %Consumer Cyclical - Restaurants
0.36 %Technology
0.25 %Consumer Cyclical - Retailers
0.21 %Communications - Telecommunications
0.19 %Transportation - Services
0.18 %Transportation - Airlines
0.11 %Other Industrial
0.07 %Transportation - Railroads
0.03 %SUBTOTAL
8.45 %Financial Institutions
Banking
3.66 %REITs
0.73 %Insurance
0.69 %Finance
0.52 %Brokerage
0.13 %SUBTOTAL
5.73 %Utility
Electric
0.98 %SUBTOTAL
0.98 %SUBTOTAL
15.16 %Emerging Markets - Corporate Bonds
Industrial
Basic
1.49 %Energy
0.99 %Consumer Cyclical - Other
0.91 %Consumer Non-Cyclical
0.58 %Capital Goods
0.16 %Communications - Telecommunications
0.16 %Transportation - Services
0.10 %Communications - Media
0.02 %Services
0.02 %SUBTOTAL
4.43 %Utility
Electric
0.64 %Other Utility
0.16 %SUBTOTAL
0.80 %Financial Institutions
Banking
0.25 %REITs
0.07 %Finance
0.05 %SUBTOTAL
0.37 %SUBTOTAL
5.60 %Bank Loans
Industrial
Technology
1.32 %Communications - Media
0.83 %Consumer Non-Cyclical
0.63 %Communications - Telecommunications
0.39 %Capital Goods
0.21 %Transportation - Services
0.17 %Consumer Cyclical - Retailers
0.13 %Consumer Cyclical - Other
0.12 %Other Industrial
0.11 %Transportation - Airlines
0.10 %Consumer Cyclical - Automotive
0.08 %Basic
0.05 %SUBTOTAL
4.14 %Financial Institutions
Insurance
0.29 %Financial Services
0.24 %Brokerage
0.15 %Finance
0.14 %Banking
0.02 %SUBTOTAL
0.84 %SUBTOTAL
4.98 %EM Governments
EM Governments
4.31 %Credit Default Swaps
-0.25 %SUBTOTAL
4.06 %Interest Rate Swaps
3.35 %Interest Rate Futures
2.27 %U.S. Govt & Agency Securities
1.64 %Quasi-Sovereigns
Quasi-Sovereign Bonds
1.20 %SUBTOTAL
1.20 %Collateralized Mortgage Obligations
Non-Agency Fixed Rate
0.28 %Non-Agency Floating Rate
0.25 %Risk Share Floating Rate
0.22 %Agency Fixed Rate
0.16 %SUBTOTAL
0.91 %Asset-Backed Securities
Other ABS - Fixed Rate
0.31 %Other ABS - Floating Rate
0.09 %Autos - Fixed Rate
0.02 %SUBTOTAL
0.42 %Common Stocks
0.40 %Local Governments - US Municipal Bonds
0.38 %Inflation-Linked Securities
0.29 %Emerging Markets - Treasuries
0.28 %Collateralized Loan Obligations
CLO - Floating Rate
0.21 %SUBTOTAL
0.21 %Commercial Mortgage-Backed Securities
Non-Agency Fixed Rate CMBS
0.17 %SUBTOTAL
0.17 %Forward Currency Exchange Contracts
Currency Instruments
0.03 %SUBTOTAL
0.03 %Preferred Stocks
Industrials
0.03 %SUBTOTAL
0.03 %Rights
Communication Services
0.01 %SUBTOTAL
0.01 %Reverse Repurchase Agreements
-0.64 %Cash & Cash Equivalents
Funds and Investment Trusts
1.93 %Cash
0.66 %SUBTOTAL
2.59 %Derivative Offsets
Futures Offsets
-2.27 %Swap Offsets
-16.42 %SUBTOTAL
-18.69 %TOTAL
100.00 %
Country Breakdown
Portfolio %United States
65.60 %United Kingdom
3.51 %Canada
2.98 %France
2.60 %Brazil
1.47 %Mexico
1.41 %Italy
1.25 %Spain
1.24 %Colombia
1.15 %India
1.09 %Germany
1.03 %Turkey
0.91 %South Africa
0.84 %Luxembourg
0.82 %Australia
0.71 %Hong Kong
0.63 %Nigeria
0.63 %Ireland
0.61 %Israel
0.54 %Chile
0.45 %Japan
0.44 %Dominican Republic
0.40 %Argentina
0.38 %Finland
0.38 %Macau
0.38 %Peru
0.36 %Denmark
0.35 %Netherlands
0.35 %China
0.34 %Norway
0.34 %Romania
0.33 %Switzerland
0.33 %Costa Rica
0.31 %Indonesia
0.31 %Ecuador
0.30 %Puerto Rico
0.30 %Jersey (Channel Islands)
0.28 %Egypt
0.27 %Senegal
0.27 %Guatemala
0.26 %El Salvador
0.25 %Panama
0.19 %Slovenia
0.16 %Uzbekistan
0.16 %Zambia
0.16 %Kenya
0.15 %Angola
0.14 %Azerbaijan
0.11 %Trinidad and Tobago
0.11 %Kazakhstan
0.10 %Ukraine
0.10 %Malaysia
0.08 %Greece
0.05 %Jamaica
0.05 %Kuwait
0.04 %Morocco
0.04 %Serbia
0.03 %Cash & Cash Equivalents
1.93 %Total Investments
100.00 %
Net Currency Exposure Breakdown
Portfolio %US Dollar
100.20 %Canadian Dollar
0.18 %Pound Sterling
0.16 %Brazilian Real
0.04 %Norwegian Krone
0.02 %Colombian Peso
0.01 %Indian Rupee
0.01 %New Zealand Dollar
0.01 %South African Rand
0.01 %Swiss Franc
-0.01 %Chilean Peso
-0.01 %Chinese Yuan Renminbi (Offshore)
-0.01 %Czech Koruna
-0.01 %Swedish Krona
-0.01 %Euro
-0.59 %Total Net Assets
100.00 %
Credit Rating
Portfolio %AAA
2.37 %AA
-1.17 %A
0.81 %BBB
15.57 %BB
46.35 %B
23.44 %CCC
7.30 %CC
0.31 %C
0.12 %Not Rated
1.52 %Short Term Investments
1.93 %Reverse Repurchase Agreements
-0.64 %N/A
2.09 %Total
100.00 %
Bonds by Maturity
Portfolio %Less than 1 Year
14.31 %1 to 5 Years
64.91 %5 to 10 Years
15.50 %10 to 20 Years
3.35 %20 to 30 Years
1.03 %More than 30 Years
0.50 %Other
0.40 %Total Net Assets
100.00 %
Portfolio Statistics:
Average Coupon:
7.17 %Average Bond Price:
98.37Percentage of Leverage(based on gross assets):
Bank Borrowing:
0.00 %Investment Operations:*
13.73 %Preferred Stock:
0.00 %Tender Option Bonds:
0.00 %VMTP Shares:
0.00 %VRDP Shares:
0.00 %Total Fund Leverage:
13.73 %Average Maturity:
4.14 YearsEffective Duration:
3.03 YearsTotal Net Assets:
$991.11 MillionNet Asset Value:
$11.49Total Number of Holdings:
1,249Portfolio 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. TheFund 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-302694957.htmlSOURCE AllianceBernstein Global High Income Fund, Inc.
Original: AllianceBernstein Global High Income Fund, Inc. Releases Monthly Portfolio Update
johnsyn
15年前
Dependable Dividends: AllianceBernstein Global High Income (AWF)
Posted Mar 17th 2010 11:40AM by Steven Halpern
Filed under: Newsletters, Stocks to Buy
For a stellar yield of 8.8%, superb track record and a healthy exposure to sovereign debt, it's hard to beat the AllianceBernstein Global High Income Fund (AWF)," says income expert Amy Calistri.
The editor of The Daily Paycheck -- an advisory that monitors an ongoing $250,000 portfolio of yield-oriented stocks, the advisor explains, "And when it comes to income, AWF is as steady as they get, having spewed out monthly paychecks for nearly 17 years. Since its 1993 inception, this closed-end fund has delivered an average annual return of +12.0%."Calistsri continues, "Approximately 30% of the fund's portfolio holdings are related to sovereign debt, while the balance is held in corporate debt and asset-backed securities.
"With 688 total holdings, it might be hard to find a portfolio as diversified as AWF's. Roughly 50% of the holdings are from the United States. However, the holdings hail from 51 different countries over all.
"When it comes to its corporate holdings, AWF seeks to avoid loading up on one sector in particular.
In the most recent filing, the fund managers noted that bonds in industrial companies make up about 30% of the portfolio, with lesser exposure to consumer, telecom, energy, and finance stocks.
"These bonds aren't blue chips, but many are still household names. For instance, it holds debt from the department store Macy's. Debt issued by Time Warner Telecom is another holding.
The building material company Owens Corning and L-3 Communications, a company specializing in military technology, also have debt in AWF's portfolio. But while they may be familiar names, they don't always come with the "best credit ratings.
"AWF tends to favor emerging market sovereign debt, and has bonds issued by governments such as Argentina, Brazil, and Indonesia. Yes, higher risk -- but yes, higher income.
"AWF raised its monthly dividend in December 2009 to $0.10 per share from $0.0925 per share. It's new annual dividend of $1.20 per share represents a yield of 8.8% at current prices ($1.20/$13.59).
"The fund is leveraged, but only by 11.0% -- which is not as high as many of its peers. This serves to increase the fund's income, as it can borrow at lower rates and invest in more loans at higher rates.
"But it can also be a source of risk in a protracted downturn. AWF is trading at a slight discount to its net asset value (NAV), which also gives investors a slight advantage on yield.
"Action to Take --> When it comes to credit quality, AWF is on the riskier side. But after 17 years, these fund managers have clearly demonstrated they know how to manage risk.
"And diversification has obviously served this fund well. The fund can be volatile, although the income stream is as dependable as the sunrise."
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cowboyinvestor69
12年前
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