AllianceBernstein Fund Shows Diverse Monthly Portfolio Insights
AllianceBernstein Global High Income Fund Monthly Update
The AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) has recently shared its monthly portfolio insights, elaborating on the diverse investments it holds in its portfolio.
Overview of the Fund's Portfolio
The latest update indicates significant fixed-income holdings that form the foundation of the Fund. These holdings reflect strategic investments aimed at providing income while managing risk.
Top Fixed-Income Holdings
Among the top ten fixed-income holdings are:
- U.S. Treasury Notes 2.25%, 02/15/27 - 1.07%
- CCO Holdings 4.50%, 08/15/30 - 06/01/33 - 0.69%
- Altice France SA 5.125%, 01/15/29 - 07/15/29 - 0.55%
- AMMC CLO 25 Ltd. 11.068%, 04/15/35 - 0.50%
- DaVita, Inc. 4.625%, 06/01/30 - 0.46%
- Warnermedia Holdings 4.279%, 03/15/32 - 0.45%
- Bausch Health Cos., Inc. 11.00%, 09/30/28 - 0.44%
- Societe Generale SA 5.512%, 05/22/31 - 0.43%
- CCO Holdings 4.75%, 02/01/32 - 0.42%
- Dominican Republic Intl Bond 8.625%, 04/20/27 - 0.40%
Investment Breakdown by Type
The investment types have been categorized to show not only the fixed-income assets but also the sectors in which the Fund is actively engaged. Understanding these can provide deeper insights into the income strategies employed.
Investment Types Overview
Investment percentages include:
- Corporates - Non-Investment Grade - 29.44%
- U.S. Government Securities - 25.34%
- Credit Default Swaps - 13.17%
- Financial Institutions - 7.02%
- Emerging Markets - 5.69%
Geographic Diversification of Investments
Geographic investments have shown to be another aspect of the Fund’s strategy, with a significant portion allocated to the United States, but also maintaining exposure to other regions.
Geographical Holdings
The breakdown showcases:
- United States - 66.24%
- France - 3.30%
- United Kingdom - 3.22%
- Canada - 3.04%
- Brazil - 1.86%
Credit Ratings Overview
Evaluating the credit ratings within the Fund's holdings provides insight into the overall risk profile and expected performance of the portfolio.
Credit Ratings Distribution
The ratings include:
- AAA - 2.84%
- AA - -1.15%
- A - 1.14%
- BBB - 14.78%
- BB - 43.81%
- B - 25.19%
- CCC - 8.37%
- Not Rated - 2.17%
Portfolio Statistics
Additional statistics provide a rounded view of the fund's operational aspects, including maturity and leverage ratios.
Key Statistical Metrics
Highlights include:
- Average Coupon - 7.35%
- Average Bond Price - 97.34
- Total Net Assets - $991.65 Million
- Net Asset Value per Share - $11.50
- Portfolio Turnover Rate - 68.00%
Conclusion and Future Outlook
The monthly portfolio update from the AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) presents a comprehensive view of its diverse investment strategy aimed at maximizing returns while managing associated risks. Stakeholders can evaluate the strategic positioning of the Fund as it navigates through various market conditions.
Frequently Asked Questions
What is the primary focus of the AllianceBernstein Global High Income Fund?
The primary focus is to provide high income through a diversified portfolio primarily composed of fixed-income securities.
How does the Fund manage credit risks?
The Fund actively monitors credit ratings and diversifies investments across different sectors and geographic locations to manage risks.
What is the significance of the average coupon rate for investors?
The average coupon rate indicates the average income generated from the bonds held in the portfolio, impacting overall returns.
How often are portfolio updates provided?
Portfolio updates are typically released monthly to reflect current holdings and investment strategies.
What are the key sectors represented in the Fund's portfolio?
Key sectors include industrials, consumer non-cyclical, and energy, among others, showcasing a balanced investment strategy.
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