Monthly Portfolio Update Summary
As of August 31, 2024, AllianceBernstein Global High Income Fund, Inc. (NASDAQ: AWF) has shared its latest monthly portfolio update. This report offers a detailed look at the fund’s investment assets and how they contribute to the overall performance of the portfolio.
Key Fixed-Income Holdings
The top ten fixed-income holdings are essential in shaping the fund’s performance. Here are the most notable points:
1. U.S. Treasury Notes
This holding represents 1.06% of the portfolio and comes with a 2.25% interest rate, maturing on February 15, 2027.
2. CCO Holdings
The fund has a significant stake in CCO Holdings, including two important securities: one with a 4.50% coupon rate which matures between 2030 and 2033 (making up 0.70% of the portfolio) and another with a 4.75% coupon rate maturing on February 1, 2032, accounting for 0.63% of the portfolio.
3. Dominican Republic International Bond
This high-yield bond boasts an 8.625% interest rate and matures on April 20, 2027, making up 0.61% of the fund.
Portfolio Investment Type Breakdown
The composition of the portfolio illustrates a strategic allocation across various sectors. The highlighted investment categories are as follows:
Sector Allocations
- Energy: 7.14%
- Consumer Non-Cyclical: 6.85%
- Communications - Media: 6.09%
- Capital Goods: 4.49%
Geographic Distribution
The investment distribution across different countries indicates significant exposure to the U.S. market, which makes up 66.37% of the portfolio. Other represented regions include:
1. United Kingdom:
3.91%
2. France:
2.65%
3. Canada:
2.14%
Understanding Risk Profile and Credit Ratings
Analyzing the credit quality of the portfolio gives valuable insight into its overall risk profile. The allocation of the fund is 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 Metrics
The fund also reported several important performance metrics, including:
Leverage and Assets
- Total Net Assets: $979.84 Million
- Net Asset Value: $11.36
These statistics highlight the fund’s commitment to a diversified strategy while effectively managing risk and striving for potential returns for its investors.
Frequently Asked Questions
What is the focus of the AllianceBernstein Global High Income Fund?
The fund mainly aims to generate income by investing in high-yield and fixed-income securities from diverse global sources.
How often is the portfolio updated?
The portfolio receives updates on a monthly basis to keep investors informed about its performance and asset distribution.
What are the main sectors in the portfolio?
Key sectors in the portfolio include energy, consumer non-cyclical goods, communications, and capital goods.
Why are credit ratings important for the fund?
Credit ratings serve as indicators of the investment’s risk level, offering insights into potential returns.
How can investors find out more about the fund?
Investors can access detailed information and reports through the fund's official website or its monthly updates released by the firm.
