Main Thesis
The purpose of this article is to discuss the AllianceBernstein Global High Income Fund (AWF) as an investment option at its current market price. The fund continues to trade at a double-digit discount to its NAV, at almost 12%, presenting investors with a relatively cheap entry point. Furthermore, the fund has started 2019 on the right foot, seeing its market price and NAV rise consistently, all while maintaining its previous distribution level. This is of paramount importance to AWF, as the fund saw a distribution cut in 2017, but has been able to