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AllianceBernstein Global High Income Fund Monthly Update Report

On July 27, 2026, AllianceBernstein Global High Income Fund, Inc. (traded as NYSE: AWF) published its latest portfolio update, detailing the fund's financial status as of June 30, 2026. This timely disclosure provides valuable insights for investors looking to understand the fund's performance and strategic allocations.

Key Highlights of the Portfolio

The most recent portfolio update outlines the fund's top ten fixed-income holdings, which collectively represent a significant portion of its total investments. Notable entries include:

1. U.S. Treasury Notes (2.25%, maturing 02/15/27) - 1.09% of the portfolio
2. 1261229 BC Ltd. (10.00%, maturing 04/15/32) - 0.57% of the portfolio
3. DISH DBS Corp. (5.75%, maturing 12/01/28) - 0.47% of the portfolio
4. DaVita, Inc. (4.625%, maturing 06/01/30) - 0.47% of the portfolio
5. Carvana Co. (9.00%, maturing 06/01/30 - 06/01/31) - 0.45% of the portfolio
6. American Airlines/AAdvantage (5.75%, maturing 04/20/29) - 0.41% of the portfolio
7. Advance Auto Parts, Inc. (7.00%, maturing 08/01/30) - 0.40% of the portfolio
8. Tenet Healthcare Corp. (5.50%, maturing 11/15/32) - 0.39% of the portfolio
9. TransDigm, Inc. (6.00%, maturing 01/15/33) - 0.38% of the portfolio
10. Allied Universal Holdco/Allied Universal Finance Corp. (4.625%, maturing 06/01/28) - 0.38% of the portfolio

This selection provides insights into the fund's focus on a mix of corporate bonds and U.S. government securities, which could potentially mitigate risks associated with market fluctuations.

Investment Types and Allocation

The portfolio structure reveals that the fund is heavily invested in non-investment grade corporates, particularly in sectors such as:

• - Industrial (7.39%)
• - Energy (5.84%)
• - Media and Telecommunications (5.32%)
• - Consumer Cyclical (5.15%)

In total, corporate bonds account for 77.79% of the portfolio, illustrating a strong tilt towards corporate investment strategies. Additionally, investments in credit default swaps make up 13.32%, indicating a measured approach to hedging against potential defaults.

Geographic Diversification

The fund’s investment landscape is predominantly U.S.-centric, with approximately 68.74% of its assets allocated to the United States. Other notable countries include:

• - United Kingdom: 3.75%
• - Canada: 3.52%
• - France: 2.75%
• - Italy: 1.42%

The geographical strategy signifies a solid commitment to the stability of the U.S. economy while allowing for minimal exposure to international markets.

Credit Quality and Maturity Distribution

Analysis of the credit quality within the portfolio reveals a significant percentage invested in higher-risk bonds, such as BB (45.37%) and B (26.18%). Additionally, the maturity distribution favors shorter-duration bonds, with 66.01% maturing within 1 to 5 years. This composition could reflect a focus on liquidity and responsiveness to interest rate changes.

Conclusion

The monthly update from AllianceBernstein provides a critical lens into the operational strategies and financial health of the Global High Income Fund. Investors considering exposure to high-yield investments will find the data extremely useful for making informed decisions. With a diverse portfolio and a strong concentration in corporate bonds, the fund continues to adapt to ever-changing market dynamics, positioning itself as a compelling option for income-seeking investors.

For investors seeking further details on AllianceBernstein’s investment strategies, please visit their official website for ongoing updates and resources related to the Global High Income Fund.