AllianceBernstein Global High Income Fund's Insights: Monthly Portfolio Updates Guarantee Transparency

AllianceBernstein Global High Income Fund Monthly Portfolio Update



On June 23, 2025, AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) publicly shared its portfolio update for the month ending May 31, 2025. This monthly report provides vital insights for investors regarding the fund's performance and investment strategy.

Key Highlights of the Portfolio


The latest update reveals the top ten fixed-income holdings of the fund. Notable investments include:

1. U.S. Treasury Notes 2.25% - Due on 02/15/27, making up 1.08% of the portfolio.
2. CCO Holdings 4.50% - Set to mature between 08/15/30 and 06/01/33, accounting for 0.84%.
3. EchoStar Corp. 10.75% - Due by 11/30/29, contributing 0.58% to the portfolio.
4. Others include major corporations like Royal Caribbean and Altice France which reflect diverse sectors of investment.

This distribution not only highlights the fund's reliance on treasury securities but also demonstrates a commitment to corporate bonds, showcasing a diversified exposure to a mixture of industries.

Investment Types Breakdown


The report categorizes its investments into multiple segments, revealing:
  • - Corporates - Non-Investment Grade at 53.37% and Credit Default Swaps at 17.77%.
  • - The portfolio also includes 6.97% attributed to Financial Institutions and is primarily focused on U.S.-based investments, comprising 67.62% of the total portfolio.

This clear categorization is essential for understanding risk exposure and aligning with overall investment strategies amid varying economic conditions.

Geographic Distribution and Currency Exposure


Investments are heavily concentrated in the United States, but also cover countries like France, the UK, and Canada, showing a global outlook while maintaining a strong national portfolio. The fund's currency exposure is almost entirely in U.S. dollars, ensuring stability against currency volatility, yet including minor exposures to other currencies like the Pound and Canadian Dollar.

Credit Rating and Maturity


The fund's emphasis on quality can be seen in its allocation across various credit ratings, with 43.85% of investments rated BB, indicating a focus on higher-yielding, yet economically sensitive instruments. Moreover, the maturity profile includes 69.40% in bonds maturing within five years, hinting at a strategy focused on short-to-medium term investments, optimizing for liquidity and flexibility.

Final Thoughts


The portfolio update from AllianceBernstein highlights a methodical approach to balancing risk and return in an unpredictable market environment. For investors, these insights not only assure transparency but also foster informed decision-making regarding future investments in the fund. As June progresses, observers will keenly await the next report to gauge how market dynamics continuously influence their strategies.

Topics Financial Services & Investing)

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