Monthly Portfolio Overview
AllianceBernstein Global High Income Fund, Inc. [NYSE: AWF] has published its latest monthly portfolio update as of the end of November. This update showcases the diverse range of investments made by the fund, shedding light on its strategic holdings and risk management processes.
Top Fixed-Income Holdings
The fund's investment strategy emphasizes sound fixed-income holdings. Its top ten fixed-income assets include:
1) U.S. Treasury Notes 2.25%, 02/15/27
Percentage of Portfolio: 1.05%
2) CCO Holdings 4.50%, 08/15/30 - 06/01/33
Percentage of Portfolio: 0.80%
3) CCO Holdings 4.75%, 02/01/32
Percentage of Portfolio: 0.64%
4) Dominican Republic Intl Bond 8.625%, 04/20/27
Percentage of Portfolio: 0.60%
5) Royal Caribbean Cruises 5.50%, 08/31/26 - 04/01/28
Percentage of Portfolio: 0.53%
6) AMMC CLO 25 Ltd. 11.406%, 04/15/35
Percentage of Portfolio: 0.51%
7) Altice France SA 5.125%, 01/15/29 - 07/15/29
Percentage of Portfolio: 0.46%
8) DaVita, Inc. 4.625%, 06/01/30
Percentage of Portfolio: 0.46%
9) Bausch Health Cos., Inc. 4.875%, 06/01/28
Percentage of Portfolio: 0.43%
10) EchoStar Corp. 10.75%, 11/30/29
Percentage of Portfolio: 0.42%
Investment Composition
The overall investment composition showcases a dedication to corporate bonds, particularly focusing on non-investment grade corporates spread across various sectors such as:
- Energy: 7.41%
- Consumer Non-Cyclical: 7.04%
- Communications - Media: 6.97%
- Capital Goods: 4.53%
- Consumer Cyclical - Other: 3.78%
This diversified approach reflects the fund's commitment to balancing risks while maximizing income derived from a wide range of asset classes.
Geographical Allocation
Examining the underlying geographical allocations reveals that the majority of the fund’s assets are heavily weighted towards:
- United States: 68.28%
- United Kingdom: 3.37%
- Canada: 2.47%
- France: 2.28%
- Germany: 1.54%
This emphasis on U.S. securities underlines the confidence in the local market's stability, while still maintaining a robust international presence.
Performance Metrics and Statistics
The overall performance metrics indicate a strong structure:
- Average Coupon: 7.45%
- Average Bond Price: 96.67
- Portfolio Turnover: 45.00%
- Total Net Assets: $987.60 Million
- Net Asset Value: $11.45
These statistics highlight the fund's proficiency in generating yields while actively managing portfolio risk.
Risk Management Strategies
AllianceBernstein employs various strategies to mitigate risks inherent in the fixed-income market. The incorporation of Credit Default Swaps and Interest Rate Futures enables the fund to hedge against potential losses and interest rate movements.
Such practices ensure the fund maintains a steady performance amidst market fluctuations, thus preserving its income-generating capabilities.
Conclusion
The monthly portfolio update for AllianceBernstein Global High Income Fund, Inc. reaffirms the fund's stance on balancing risk and return through careful asset selection across fixed-income categories. With a robust pipeline of investments, the future looks promising for stakeholders looking for reliable income streams.
Frequently Asked Questions
What is the top holding of the AllianceBernstein Global High Income Fund?
The top holding is U.S. Treasury Notes at 1.05% of the portfolio.
What percentage of the fund is invested in U.S. securities?
Approximately 68.28% is invested in U.S. securities.
How often does the fund release updates?
The fund releases its portfolio updates on a monthly basis.
What is the current net asset value of the fund?
The current net asset value is $11.45.
What strategies are used by the fund to mitigate risks?
The fund utilizes various risk management strategies including Credit Default Swaps and Interest Rate Futures.
