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AllianceBernstein Global High Income Fund Monthly Update

AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) has recently published its portfolio update, providing insights into its investments as of August 31, 2025. This report is critical for investors looking to understand the dynamics within the fund and the broader market environment influencing investment decisions.

Key Highlights

The fund’s top 10 fixed-income holdings reflect a diverse range of investments, primarily concentrated in U.S. Treasury Notes and corporations across various industries. The highest holding is the U.S. Treasury Notes at 1.07% of the portfolio, followed by CCO Holdings and Altice France, which indicate a strategic inclination towards stable returns and potential growth sectors.

Monthly Portfolio Breakdown

1. Top Fixed-Income Holdings:
- U.S. Treasury Notes 2.25%: 1.07%
- CCO Holdings 4.50%: 0.69%
- Altice France SA 5.125%: 0.55%
- The portfolio shows a combination of corporate bonds and government securities, signaling a risk-managed approach.

2. Investment Types:
The portfolio comprises significant allocations in various sectors, with notable percentages in:
- Corporates - Non-Investment Grade: 53.35%
- Credit Default Swaps: 13.17%
- Furthermore, utilities and financial institutions have modest representations, emphasizing the fund's diverse exposure.

3. Country Exposure:
- A significant portion of investments is concentrated in the United States (66.24%), showcasing a strong domestic focus. Other countries like France, the UK, and Canada follow, demonstrating a well-rounded geographical distribution.

4. Currency and Credit Rating:
The fund's currency exposure predominantly revolves around the US Dollar, with varying degrees of exposure to other currencies such as the Canadian Dollar and the British Pound. Regarding credit ratings, a substantial portion of the portfolio consists of BB-rated bonds, aligning with the fund's strategy to capture yield while managing credit risk.

Market Position

With total net assets reported at $991.65 million and a net asset value of $11.50 per share, the AllianceBernstein Global High Income Fund is strategically positioned within the high-yield market. The monthly updates serve as valuable data for potential investors and current shareholders to make informed decisions regarding their investments in the fund.

The continued focus on sectors like media, consumer non-cyclical goods, and energy, reflects a balanced approach towards achieving better risk-adjusted returns over time.

Furthermore, the reported average coupon stands at 7.35%, which is appealing in an environment where yield is increasingly sought after. The high turnover rate of 68% illustrates an active management approach aiming to optimize returns within changing market conditions.

Conclusion

As the financial landscape evolves, ongoing disclosures such as this portfolio update are vital for investors seeking transparency in their holdings. The AllianceBernstein Global High Income Fund remains active in navigating through market uncertainties, ensuring that they uphold their commitment to achieving sustainable income for their investors.

Investors are encouraged to review these updates meticulously, as they can provide insights into prospective movements in the fund's strategy and how they align with broader economic indicators. These elements can influence investment decisions and contribute to shaping future portfolio structures.