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AllianceBernstein Global High Income Fund Monthly Portfolio Update

On April 21, 2025, AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) announced its monthly portfolio update, providing insights into its holdings as of March 31, 2025. This update is crucial for investors and stakeholders looking to understand the positioning and strategy of the fund in a fluctuating market environment.

Overview of Top Holdings

The portfolio update reveals the top ten fixed-income holdings, a key area of focus for the fund. Noteworthy among these is the U.S. Treasury Notes, which comprise 1.08% of the portfolio with a maturity date of February 15, 2027. Other major investments include securities from CCO Holdings with multiple maturities and yields, a Dominican Republic International Bond, and corporate obligations from EchoStar Corporation, Royal Caribbean Cruises, and NFE Financing LLC. The diversity in bond holdings underscores the fund's strategy to balance risk with the potential for returns.

Portfolio Composition

The update breaks down the investment types within the portfolio. A significant portion, approximately 52.92%, consists of corporate bonds categorized as non-investment grade. The sectors represented include industrial, energy, and communications/media, among others. This reflects the fund's inclination towards assets that may offer higher yields while assessing the credit risks associated with each industry.

Geographic Distribution

As for geographic allocation, the portfolio heavily favors the United States, which constitutes 68.05% of total investments. Besides the U.S., the United Kingdom, France, Canada, and Brazil are also represented, though in smaller percentages. This focus on domestic investments signals the fund's confidence in the U.S. market's stability and potential for growth in the coming years.

Currency and Maturity Breakdown

The fund's net currency exposure is predominantly in the US Dollar, indicating minimal involvement in foreign currency risks at this time. Regarding bond maturity, a striking 66.97% falls within the 1 to 5-year range, emphasizing short-term investment strategies to navigate potential market changes effectively.

Conclusion

AllianceBernstein's Global High Income Fund continues to adapt to market shifts while focused on generating yield through a diversified approach to fixed-income investments. The detailed portfolio update as of March 31, 2025, allows investors to gauge the fund's current positioning and anticipate future adjustments in response to economic conditions. Stakeholders will eagerly await subsequent updates as the fund maneuvers through ongoing market dynamics, potentially influencing future investment strategies and outcomes.

For investors keen to stay informed, regular updates such as this one are essential tools for making calculated investment decisions.