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Monthly Portfolio Update for April 2025

AllianceBernstein Global High Income Fund, Inc. [NYSE: AWF] has disclosed its latest monthly portfolio update, providing insights as of April 30, 2025. This update is crucial for investors looking for transparency in the asset distribution and performance ahead of decisions in upcoming investment cycles.

Key Highlights of the Portfolio

The Fund's top ten fixed-income holdings comprise a diversified mix of bonds, showcasing a strategy focused on sustainable income generation. Below are the current allocations of these significant holdings:

1. U.S. Treasury Notes 2.25%, 02/15/27: 1.10%
2. CCO Holdings 4.50%, 08/15/30 - 06/01/33: 0.84%
3. CCO Holdings 4.75%, 02/01/32: 0.67%
4. EchoStar Corp. 10.75%, 11/30/29: 0.62%
5. Royal Caribbean Cruises 5.50%, 08/31/26 - 04/01/28: 0.58%
6. Altice France SA 5.125%, 01/15/29 - 07/15/29: 0.55%
7. DaVita, Inc. 4.625%, 06/01/30: 0.51%
8. AMMC CLO 25 Ltd. 11.006%, 04/15/35: 0.50%
9. NFE Financing LLC 12.00%, 11/15/29: 0.47%
10. Bausch Health Cos., Inc. 11.00%, 09/30/28: 0.44%

These holdings reflect AllianceBernstein’s commitment to maintaining a healthy balance between risk and return through thorough research and selection of assets to drive income.

Sector Allocation Analysis

The investment strategy is further delineated in the sector allocation, with a substantial percentage dedicated to various corporate sectors:

• - Corporates - Non-Investment Grade: 54.05%

- Consumer Non-Cyclical: 7.47%
- Communications - Media: 7.11%
- Energy: 6.98%

• - Credit Default Swaps (CDS): 19.53%

This allocation highlights a proactive approach in navigating the risk landscape, particularly in high-yield segments. The use of CDS exemplifies a risk management strategy aligning with broader market dynamics.

Geographic Exposure

Geographically, the Fund predominantly invests in the United States, which constitutes 67.83% of the total portfolio. Other notable allocations include the United Kingdom (3.21%), France (2.97%), and Canada (2.43%). This domestic focus positions the Fund well within the U.S. economic context, allowing for agile adjustments to fiscal changes and monetary policy trends.

Currency and Credit Rating Profiles

The portfolio's currency exposure is heavily tilted towards the US Dollar at 99.98%, minimizing exchange rate risk. In terms of credit ratings, the composition leans significantly towards higher-risk categories, specifically 'BB' rated assets at 44.49% and 'B' rated assets at 24.75%. This profile underscores the income-focused strategy the Fund endeavors to maintain, looking to offer investors strong returns, albeit with associated risks.

Conclusion

AllianceBernstein Global High Income Fund, Inc. continues its commitment to providing comprehensive insights into its portfolio. Investors are encouraged to review these periodic updates to make informed decisions in relation to their investment strategies. The April update reinforces a foundation of transparency and adaptability, essential in the constantly evolving investment landscape.

For more detailed information regarding the portfolio and strategic insights, investors may refer directly to AllianceBernstein’s official communications and updates.