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AllianceBernstein Global High Income Fund, Inc.: February 2025 Portfolio Update

On March 24, 2025, AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) announced its monthly portfolio update, providing investors insight into the fund's performance as of February 28, 2025. As an investment company renowned for managing closed-end funds, the latest figures reflect its strategic positioning and asset management in the current market.

Top 10 Fixed-Income Holdings

The fund's portfolio showcases a range of fixed-income investments aimed at generating consistent returns. Here are the leading ten fixed-income assets:

1. U.S. Treasury Notes 2.25%, 02/15/27 - 1.06%
2. CCO Holdings 4.50%, 08/15/30 - 06/01/33 - 0.80%
3. NFE Financing LLC 12.00%, 11/15/29 - 0.65%
4. CCO Holdings 4.75%, 02/01/32 - 0.64%
5. EchoStar Corp. 10.75%, 11/30/29 - 0.61%
6. Dominican Republic Intl Bond 8.625%, 04/20/27 - 0.60%
7. Royal Caribbean Cruises 5.50%, 08/31/26 - 04/01/28 - 0.53%
8. AMMC CLO 25 Ltd. 11.052%, 04/15/35 - 0.51%
9. Altice France SA 5.125%, 01/15/29 - 07/15/29 - 0.50%
10. Cleveland-Cliffs, Inc. 7.50%, 09/15/31 - 0.47%

These top holdings illustrate the fund’s diversification strategy, incorporating various corporate and sovereign bonds. The largest portion of the portfolio is allocated to U.S. Treasury securities, reflecting a conservative approach to risk in uncertain economic times.

Investment Type Distribution

The AllianceBernstein fund also provides a breakdown of its investment across various sectors. Here is how the investments are categorized:

• - Corporates - Non-Investment Grade - These represent the largest sector, highlighting riskier investments in terms of credit ratings, with significant roles played by industrial and consumer non-cyclical sectors.

- Industrial - 7.09%
- Consumer Non-Cyclical - 7.06%
- Energy - 6.96%
- Capital Goods - 4.53%

• - Financial Institutions - Accounting for 6.02%, reflecting a cautious stance on investments in finance and brokerage firms.

• - Utility & Other Types - Various utility investments, together with an exposure to emerging markets through corporate bonds, have also been included.

These allocations underscore the fund's focus on both growth and stability, particularly in high-yielding sectors while also hedging against volatility through conservative picks.

Country Breakdown

In terms of geographical distribution, the fund’s assets are significantly weighted towards the United States, comprising 67.63% of the total investments. The remaining investments are spread across global markets, including:

• - United Kingdom - 3.44%
• - France - 2.52%
• - Canada - 2.16%
• - Others including Brazil, Italy, and Mexico contribute minor percentages to the overall portfolio.

This diversified international presence reflects AllianceBernstein’s commitment to mitigating risks associated with regional downturns while harnessing global opportunities.

Final Thoughts

As financial markets continue to fluctuate, the AllianceBernstein Global High Income Fund remains a formidable player, adept at adjusting its strategies to harness market potential while maintaining a level of risk appropriate for investors. The February 2025 update highlights the importance of continued vigilance and adaptability in asset management.

For those tracking investment opportunities, staying abreast of such portfolio updates ensures informed decision-making in navigating the complex landscape of global finance.