AllianceBernstein Global High Income Fund Insights Unveiled
AllianceBernstein Global High Income Fund Portfolio Update
AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) has recently shared an insightful overview of its portfolio, revealing detailed information as of recent periods. This update sheds light on significant changes and strategic positioning within the fund's diverse holdings.
Overview of Top Fixed-Income Holdings
The Fund continues to invest wisely in a range of fixed-income securities. Highlighted within these holdings are U.S. Treasury Notes and corporate bonds from reputable entities.
Top Ten Fixed-Income Investments
- 1) U.S. Treasury Notes 2.25%, due 02/15/27 - 1.07%
- 2) CCO Holdings 4.50%, due 08/15/30 - 06/01/33 - 0.84%
- 3) CCO Holdings 4.75%, due 02/01/32 - 0.68%
- 4) Royal Caribbean Cruises 5.50%, due 08/31/26 - 0.56%
- 5) Altice France SA 5.125%, due 01/15/29 - 0.54%
- 6) AMMC CLO 25 Ltd. 11.006%, due 04/15/35 - 0.51%
- 7) DaVita, Inc. 4.625%, due 06/01/30 - 0.46%
- 8) Warnermedia Holdings 4.279%, due 03/15/32 - 0.45%
- 9) Societe Generale SA 5.512%, due 05/22/31 - 0.43%
- 10) Bausch Health Cos., Inc. 11.00%, due 09/30/28 - 0.42%
Investment Types and Holdings Overview
The fund's portfolio primarily includes a substantial allocation to non-investment grade corporate bonds and investment vehicles across various industries. This means the fund has focused investments in sectors like consumer non-cyclical, energy, and communications, which collectively make a robust contribution to its performance.
Corporate Investment Types
The breakdown of certain corporate investments reflects:
- Corporates - Non-Investment Grade: 52.89%
- Credit Default Swaps: 13.43%
- Financial Institutions: 7.12%
Geographic Distribution of Investments
This fund ensures diversity in its holdings. Approximately 66.12% is allocated to the United States, with other notable allocations in countries like France, the United Kingdom, and Brazil. This strategic approach allows the fund to mitigate risks associated with market fluctuations in a particular region.
Country Allocation
- United States: 66.12%
- France: 3.32%
- United Kingdom: 3.03%
- Brazil: 1.92%
- Mexico: 1.70%
Currency Exposure and Financial Strategy
In terms of currency exposure, the fund predominantly operates in US Dollars, with minimal allocations in Canadian dollars and other currencies. This focus helps in reducing exposure to currency-related risks.
Currency Breakdown
- US Dollar: 99.97%
- Canadian Dollar: 0.18%
- Pound Sterling: 0.15%
Assessing Credit Ratings of Holdings
Credit ratings play a crucial role in assessing the quality of the holdings within the fund. The combination of ratings including AAA to C denotes a careful balancing act of risk and return.
Credit Rating Breakdown
- AAA: 2.35%
- AA: -0.88%
- A: 1.15%
- BBB: 15.50%
- BB: 43.99%
- B: 25.89%
Portfolio Statistics
Regular monitoring of portfolio statistics reveals essential metrics including average bond price and leverage information, which help inform future investment strategies.
As of the latest update, the Average Coupon stood at 7.42%, and the portfolio exhibited a turnover rate of 68%. This balances both active management and stable income generation.
Frequently Asked Questions
What is the primary focus of the AllianceBernstein Global High Income Fund?
The fund primarily focuses on high-income generating investments, balancing risk across fixed-income securities and corporate bonds.
How does the fund manage currency risks?
The fund has a predominantly US Dollar exposure, which helps to mitigate risks associated with fluctuations in other currencies.
What proportion of the fund is allocated to U.S. securities?
Approximately 66.12% of the fund is allocated to securities based in the United States.
How often are portfolio updates provided?
The fund provides monthly updates to keep investors informed about current holdings and any significant shifts in strategy.
What is the importance of credit rating in the fund's strategy?
Credit ratings are critical in determining the quality and associated risks of the fund's investments, helping manage overall portfolio risk effectively.
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