AllianceBernstein Global High Income Fund Reveals Latest Portfolio Insights From March 2026

Monthly Portfolio Update from AllianceBernstein Global High Income Fund, Inc.

On April 27, 2026, AllianceBernstein Global High Income Fund, Inc. (traded under NYSE: AWF) released a detailed report of its portfolio as of March 31, 2026. The update highlights the fund's prominent fixed-income holdings and provides insights into its investment strategies. In this release, the fund outlines its top ten fixed-income holdings, which reflect a diverse array of investments, ranging from U.S. Treasury Notes to corporate bonds from various sectors.

Top Holdings of the Fund

The top ten fixed-income holdings of the fund include a mixture of U.S. government securities and corporate bonds. Here are the highlights:

1. U.S. Treasury Notes 2.25%, 02/15/27 - Representing 1.11% of the portfolio, these notes provide a steady stream of income with minimal risk, emphasizing the fund's commitment to stability.
2. 1261229 BC Ltd. 10.00%, 04/15/32 - A non-investment grade bond, contributing 0.58% to the portfolio, highlighting the fund's willingness to explore higher-yielding opportunities.
3. DaVita, Inc. 4.625%, 06/01/30 - At 0.47%, this corporate bond reflects the health services sector's performance.
4. Carvana Co. 9.00%, 06/01/30 - 06/01/31 - With a yield of 0.46%, this bond showcases investment in the consumer cyclical sector.
5. American Airlines/AAdvantage 5.75%, 04/20/29 - Another significant holding at 0.41%, demonstrating investment in the travel and leisure sector.
6. Advance Auto Parts, Inc. 7.00%, 08/01/30 - This investment contributes 0.40%, underlining the importance of the automotive sector.
7. Dominican Republic Intl Bond 8.625%, 04/20/27 - A notable foreign holding at 0.40%, emphasizing global diversification.
8. Tenet Healthcare Corp. 5.50%, 11/15/32 - This bond represents 0.40% and showcases the healthcare sector's potential.
9. TransDigm, Inc. 6.00%, 01/15/33 - With 0.38%, this reflecting investment in the aerospace and defense sector.
10. Allied Universal Holdco/Allied Universal Finance Corp. 4.625%, 06/01/28 - Contributing 0.38%, this investment reflects security services.

Investment Breakdown

The portfolio emphasizes a mix of investment types. Here’s a quick summary of the investment allocation:

- Corporates - Non-Investment Grade: 53.87%
- Credit Default Swaps: 16.23%
- Corporates - Investment Grade: 7.97%
- Emerging Markets - Corporate Bonds: 4.48%
- Bank Loans: 5.61%
- Other investments leading to a total of 100% across diverse sectors.

Geographic Allocation

The geographic distribution of investments also showcases significant concentration in the United States, which accounts for 67.72% of the total investments. Other countries like the United Kingdom, Canada, and various others contribute to a well-rounded portfolio, allowing for managed risk exposure. The detailed country breakdown is as follows:

- United States: 67.72%
- United Kingdom: 3.44%
- Canada: 3.18%
- ...and several other countries contributing smaller percentages.

Currency Exposure

The fund shows an overwhelming reliance on the US dollar, which comprises 99.92% of its currency exposure, reflecting a strong positioning within the U.S. market. This is indicative of the overall strategy to mitigate foreign exchange risks while still tapping into international opportunities.

Credit Ratings and Duration

In regard to credit quality, the portfolio maintains a healthy balance, with significant portions allocated to bonds rated BB (44.95%) and B (24.83%). The average maturity of the portfolio stands at 4.62 years, with an effective duration of 3.05 years.

Conclusion

The release of the monthly portfolio update from AllianceBernstein Global High Income Fund, Inc. reflects its strategic approach to maintaining a balanced investment profile while seeking income-generating opportunities across varied sectors and geographical areas. Stakeholders can look forward to insightful updates as the fund navigates the dynamic landscape of high-income investments.