AllianceBernstein Global High Income Fund Unveils Updates
Monthly Portfolio Update Overview
AllianceBernstein Global High Income Fund, Inc. (NASDAQ: AWF) has released its latest monthly portfolio update as of August 31, 2024. This update provides a comprehensive overview of the fund's investment holdings and their respective contributions to the overall portfolio performance.
Top Fixed-Income Holdings
The top ten fixed-income holdings in the portfolio play a crucial role in determining the fund's performance. Here are the key highlights:
1. U.S. Treasury Notes
This asset constitutes 1.06% of the portfolio, featuring a 2.25% interest rate maturing on February 15, 2027.
2. CCO Holdings
The fund holds a significant position in CCO Holdings, with two noteworthy securities—one with a 4.50% coupon rate, maturing between 2030 and 2033 (0.70% of the portfolio) and another with a 4.75% coupon rate maturing on February 1, 2032, accounting for 0.63% of the total holdings.
3. Dominican Republic International Bond
This high-yielding bond at 8.625% maturing on April 20, 2027, makes up 0.61% of the fund.
Investment Type Portfolio Breakdown
The type of investments within the portfolio illustrates the strategic allocation across various sectors. The following investment categories were notable:
Sector Allocations
- Energy: 7.14%
- Consumer Non-Cyclical: 6.85%
- Communications - Media: 6.09%
- Capital Goods: 4.49%
Country Breakdown
The geographic distribution of investments reveals significant exposure to the U.S. market, which constitutes 66.37% of the portfolio, followed by other regions such as:
1. United Kingdom:
3.91%
2. France:
2.65%
3. Canada:
2.14%
Risk Profile and Credit Ratings
Understanding the credit quality of the portfolio can provide insights into the overall risk profile. The fund's allocations are distributed as follows:
Credit Rating Distribution
- AAA: 1.11%
- AA: 0.31%
- A: 2.75%
- BBB: 17.71%
- BB: 43.55%
- B: 20.33%
- CCC: 7.47%
Performance Statistics
The fund also reported several key performance metrics, including:
Leverage and Assets
- Total Net Assets: $979.84 Million
- Net Asset Value: $11.36
These statistics reflect the fund's commitment to maintaining a diversified approach while effectively managing risk and potential returns for investors.
Frequently Asked Questions
What is the focus of the AllianceBernstein Global High Income Fund?
The fund primarily focuses on generating income by investing in high-yield and fixed-income securities from various global sources.
How often is the portfolio updated?
The portfolio is updated monthly to keep investors informed about its performance and asset allocation.
What are the top sectors in the portfolio?
Key sectors include energy, consumer non-cyclical, communications, and capital goods.
What is the significance of credit ratings for the fund?
Credit ratings help indicate the risk level of the investments, providing insight into potential returns.
How can investors learn more about the fund?
Investors can find detailed information and reports on the fund's official website or through monthly updates released by the firm.
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