AllianceBernstein Global High Income Fund, Inc. Releases Monthly Portfolio Update
MWN-AI** Summary
AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) released its monthly portfolio update for January 2026, showcasing a diversified investment strategy primarily focused on high-income securities. As of January 31, 2026, the fund's total net assets stood at $991.11 million, with a net asset value per share of $11.49. The portfolio comprised 1,249 holdings and featured an average coupon rate of 7.17% and price of 98.37.
The fund’s top ten fixed-income holdings included U.S. Treasury Notes at 1.08%, alongside various corporate bonds from companies such as DaVita (0.46%) and Carvana (0.45%). Notably, the portfolio emphasized non-investment grade corporates, particularly in sectors like industrials, energy, and consumer non-cyclical categories. The fund's geographical focus was significantly towards the United States, which accounted for 65.60% of the investments, followed by smaller allocations to countries like the United Kingdom and Canada.
The monthly update highlighted a total allocation of 75.35% in corporates, with a substantial portion in credit default swaps (13.40%) and diverse financial instruments. The portfolio also featured a range of maturity profiles, with the majority (64.91%) of bonds maturing within 1 to 5 years.
Additionally, the fund reported a modest leverage of 13.73%, emphasizing a risk-aware approach in the current interest rate environment. With effective duration at 3.03 years and substantial foreign currency exposure mainly in the U.S. dollar, the fund's management remains vigilant in navigating market fluctuations to optimize returns for investors. This monthly release serves as a crucial barometer for stakeholders assessing the fund’s performance and strategy in the evolving financial landscape.
MWN-AI** Analysis
The AllianceBernstein Global High Income Fund, Inc. (AWF) has been gaining attention with its recent monthly portfolio update for January 2026. As a closed-end fund focused on high-yield investments, it presents both opportunities and risks for investors.
Analyzing the Fund’s allocation, 65.6% is invested in U.S. securities, highlighting a strong domestic focus. The top holdings include recognizable names like U.S. Treasury Notes and various corporate bonds from sectors such as healthcare and utilities. This diversified exposure increases stability, yet the significant allocation to non-investment grade corporates (53.64%) raises concerns about potential credit risk amidst evolving economic conditions.
With an average coupon of 7.17% and a relatively low leverage of 13.73%, the fund seems well-positioned to weather interest rate fluctuations. However, it has an effective duration of 3.03 years, indicating sensitivity to interest rate changes, which could impact performance if rates rise further.
Investors should also note the Fund's substantial allocation to emerging market corporate bonds (5.60%), which introduces foreign market risks, but the potential for higher returns is noteworthy amidst global economic recovery dynamics.
Despite the attractive yield, the credit profile demonstrates a high percentage of bonds rated BB or lower (46.35%), suggesting a riskier portfolio that could be affected by defaults in a downturn. Thus, while AWF could appeal to yield-seeking investors, it is essential to balance this against the economic landscape's volatility and any potential shifts in credit conditions.
In conclusion, for investors considering the AllianceBernstein Global High Income Fund, weighing the potential for attractive returns against the inherent risks tied to credit ratings and economic uncertainties is crucial. Diversification within the fund offers some cushion, but caution is advisable as market conditions evolve.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
PR Newswire
NEW YORK, Feb. 23, 2026 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc. [NYSE: AWF] (the "Fund") today released its monthly portfolio update as of January 31, 2026.
AllianceBernstein Global High Income Fund, Inc.
Top 10 Fixed-Income Holdings | Portfolio % | |
1) U.S. Treasury Notes 2.25%, 02/15/27 | 1.08 % | |
2) 1261229 BC Ltd. 10.00%, 04/15/32 | 0.57 % | |
3) DaVita, Inc. 4.625%, 06/01/30 | 0.46 % | |
4) Carvana Co. 9.00%, 06/01/30 - 06/01/31 | 0.45 % | |
5) Advance Auto Parts, Inc. 7.00%, 08/01/30 | 0.43 % | |
6) American Airlines/AAdvantage 5.75%, 04/20/29 | 0.41 % | |
7) Dominican Republic Intl Bond 8.625%, 04/20/27 | 0.40 % | |
8) Tenet Healthcare Corp. 5.50%, 11/15/32 | 0.39 % | |
9) Millennium Escrow Corp. 6.625%, 08/01/26 | 0.39 % | |
10) TransDigm, Inc. 6.00%, 01/15/33 | 0.38 % | |
Investment Type | Portfolio % | |
Corporates - Non-Investment Grade | ||
Industrial | ||
Consumer Non-Cyclical | 7.59 % | |
Energy | 6.85 % | |
Communications - Media | 5.65 % | |
Consumer Cyclical - Retailers | 5.12 % | |
Consumer Cyclical - Other | 4.90 % | |
Capital Goods | 4.74 % | |
Basic | 3.31 % | |
Communications - Telecommunications | 2.99 % | |
Services | 2.99 % | |
Consumer Cyclical - Automotive | 2.75 % | |
Technology | 2.26 % | |
Transportation - Services | 1.73 % | |
Consumer Cyclical - Entertainment | 0.94 % | |
Other Industrial | 0.78 % | |
Transportation - Airlines | 0.60 % | |
Consumer Cyclical - Restaurants | 0.44 % | |
SUBTOTAL | 53.64 % | |
Credit Default Swaps | 13.40 % | |
Financial Institutions | ||
Finance | 2.50 % | |
Financial Services | 1.32 % | |
REITs | 1.12 % | |
Brokerage | 1.04 % | |
Insurance | 0.81 % | |
Banking | 0.41 % | |
SUBTOTAL | 7.20 % | |
Utility | ||
Electric | 1.06 % | |
Natural Gas | 0.05 % | |
SUBTOTAL | 1.11 % | |
SUBTOTAL | 75.35 % | |
Corporates - Investment Grade | ||
Industrial | ||
Energy | 2.00 % | |
Consumer Cyclical - Other | 1.28 % | |
Basic | 0.94 % | |
Consumer Cyclical - Automotive | 0.84 % | |
Consumer Cyclical - Entertainment | 0.73 % | |
Consumer Non-Cyclical | 0.69 % | |
Communications - Media | 0.57 % | |
Consumer Cyclical - Restaurants | 0.36 % | |
Technology | 0.25 % | |
Consumer Cyclical - Retailers | 0.21 % | |
Communications - Telecommunications | 0.19 % | |
Transportation - Services | 0.18 % | |
Transportation - Airlines | 0.11 % | |
Other Industrial | 0.07 % | |
Transportation - Railroads | 0.03 % | |
SUBTOTAL | 8.45 % | |
Financial Institutions | ||
Banking | 3.66 % | |
REITs | 0.73 % | |
Insurance | 0.69 % | |
Finance | 0.52 % | |
Brokerage | 0.13 % | |
SUBTOTAL | 5.73 % | |
Utility | ||
Electric | 0.98 % | |
SUBTOTAL | 0.98 % | |
SUBTOTAL | 15.16 % | |
Emerging Markets - Corporate Bonds | ||
Industrial | ||
Basic | 1.49 % | |
Energy | 0.99 % | |
Consumer Cyclical - Other | 0.91 % | |
Consumer Non-Cyclical | 0.58 % | |
Capital Goods | 0.16 % | |
Communications - Telecommunications | 0.16 % | |
Transportation - Services | 0.10 % | |
Communications - Media | 0.02 % | |
Services | 0.02 % | |
SUBTOTAL | 4.43 % | |
Utility | ||
Electric | 0.64 % | |
Other Utility | 0.16 % | |
SUBTOTAL | 0.80 % | |
Financial Institutions | ||
Banking | 0.25 % | |
REITs | 0.07 % | |
Finance | 0.05 % | |
SUBTOTAL | 0.37 % | |
SUBTOTAL | 5.60 % | |
Bank Loans | ||
Industrial | ||
Technology | 1.32 % | |
Communications - Media | 0.83 % | |
Consumer Non-Cyclical | 0.63 % | |
Communications - Telecommunications | 0.39 % | |
Capital Goods | 0.21 % | |
Transportation - Services | 0.17 % | |
Consumer Cyclical - Retailers | 0.13 % | |
Consumer Cyclical - Other | 0.12 % | |
Other Industrial | 0.11 % | |
Transportation - Airlines | 0.10 % | |
Consumer Cyclical - Automotive | 0.08 % | |
Basic | 0.05 % | |
SUBTOTAL | 4.14 % | |
Financial Institutions | ||
Insurance | 0.29 % | |
Financial Services | 0.24 % | |
Brokerage | 0.15 % | |
Finance | 0.14 % | |
Banking | 0.02 % | |
SUBTOTAL | 0.84 % | |
SUBTOTAL | 4.98 % | |
EM Governments | ||
EM Governments | 4.31 % | |
Credit Default Swaps | -0.25 % | |
SUBTOTAL | 4.06 % | |
Interest Rate Swaps | 3.35 % | |
Interest Rate Futures | 2.27 % | |
U.S. Govt & Agency Securities | 1.64 % | |
Quasi-Sovereigns | ||
Quasi-Sovereign Bonds | 1.20 % | |
SUBTOTAL | 1.20 % | |
Collateralized Mortgage Obligations | ||
Non-Agency Fixed Rate | 0.28 % | |
Non-Agency Floating Rate | 0.25 % | |
Risk Share Floating Rate | 0.22 % | |
Agency Fixed Rate | 0.16 % | |
SUBTOTAL | 0.91 % | |
Asset-Backed Securities | ||
Other ABS - Fixed Rate | 0.31 % | |
Other ABS - Floating Rate | 0.09 % | |
Autos - Fixed Rate | 0.02 % | |
SUBTOTAL | 0.42 % | |
Common Stocks | 0.40 % | |
Local Governments - US Municipal Bonds | 0.38 % | |
Inflation-Linked Securities | 0.29 % | |
Emerging Markets - Treasuries | 0.28 % | |
Collateralized Loan Obligations | ||
CLO - Floating Rate | 0.21 % | |
SUBTOTAL | 0.21 % | |
Commercial Mortgage-Backed Securities | ||
Non-Agency Fixed Rate CMBS | 0.17 % | |
SUBTOTAL | 0.17 % | |
Forward Currency Exchange Contracts | ||
Currency Instruments | 0.03 % | |
SUBTOTAL | 0.03 % | |
Preferred Stocks | ||
Industrials | 0.03 % | |
SUBTOTAL | 0.03 % | |
Rights | ||
Communication Services | 0.01 % | |
SUBTOTAL | 0.01 % | |
Reverse Repurchase Agreements | -0.64 % | |
Cash & Cash Equivalents | ||
Funds and Investment Trusts | 1.93 % | |
Cash | 0.66 % | |
SUBTOTAL | 2.59 % | |
Derivative Offsets | ||
Futures Offsets | -2.27 % | |
Swap Offsets | -16.42 % | |
SUBTOTAL | -18.69 % | |
TOTAL | 100.00 % | |
Country Breakdown | Portfolio % | |
United States | 65.60 % | |
United Kingdom | 3.51 % | |
Canada | 2.98 % | |
France | 2.60 % | |
Brazil | 1.47 % | |
Mexico | 1.41 % | |
Italy | 1.25 % | |
Spain | 1.24 % | |
Colombia | 1.15 % | |
India | 1.09 % | |
Germany | 1.03 % | |
Turkey | 0.91 % | |
South Africa | 0.84 % | |
Luxembourg | 0.82 % | |
Australia | 0.71 % | |
Hong Kong | 0.63 % | |
Nigeria | 0.63 % | |
Ireland | 0.61 % | |
Israel | 0.54 % | |
Chile | 0.45 % | |
Japan | 0.44 % | |
Dominican Republic | 0.40 % | |
Argentina | 0.38 % | |
Finland | 0.38 % | |
Macau | 0.38 % | |
Peru | 0.36 % | |
Denmark | 0.35 % | |
Netherlands | 0.35 % | |
China | 0.34 % | |
Norway | 0.34 % | |
Romania | 0.33 % | |
Switzerland | 0.33 % | |
Costa Rica | 0.31 % | |
Indonesia | 0.31 % | |
Ecuador | 0.30 % | |
Puerto Rico | 0.30 % | |
Jersey (Channel Islands) | 0.28 % | |
Egypt | 0.27 % | |
Senegal | 0.27 % | |
Guatemala | 0.26 % | |
El Salvador | 0.25 % | |
Panama | 0.19 % | |
Slovenia | 0.16 % | |
Uzbekistan | 0.16 % | |
Zambia | 0.16 % | |
Kenya | 0.15 % | |
Angola | 0.14 % | |
Azerbaijan | 0.11 % | |
Trinidad and Tobago | 0.11 % | |
Kazakhstan | 0.10 % | |
Ukraine | 0.10 % | |
Malaysia | 0.08 % | |
Greece | 0.05 % | |
Jamaica | 0.05 % | |
Kuwait | 0.04 % | |
Morocco | 0.04 % | |
Serbia | 0.03 % | |
Cash & Cash Equivalents | 1.93 % | |
Total Investments | 100.00 % | |
Net Currency Exposure Breakdown | Portfolio % | |
US Dollar | 100.20 % | |
Canadian Dollar | 0.18 % | |
Pound Sterling | 0.16 % | |
Brazilian Real | 0.04 % | |
Norwegian Krone | 0.02 % | |
Colombian Peso | 0.01 % | |
Indian Rupee | 0.01 % | |
New Zealand Dollar | 0.01 % | |
South African Rand | 0.01 % | |
Swiss Franc | -0.01 % | |
Chilean Peso | -0.01 % | |
Chinese Yuan Renminbi (Offshore) | -0.01 % | |
Czech Koruna | -0.01 % | |
Swedish Krona | -0.01 % | |
Euro | -0.59 % | |
Total Net Assets | 100.00 % | |
Credit Rating | Portfolio % | |
AAA | 2.37 % | |
AA | -1.17 % | |
A | 0.81 % | |
BBB | 15.57 % | |
BB | 46.35 % | |
B | 23.44 % | |
CCC | 7.30 % | |
CC | 0.31 % | |
C | 0.12 % | |
Not Rated | 1.52 % | |
Short Term Investments | 1.93 % | |
Reverse Repurchase Agreements | -0.64 % | |
N/A | 2.09 % | |
Total | 100.00 % | |
Bonds by Maturity | Portfolio % | |
Less than 1 Year | 14.31 % | |
1 to 5 Years | 64.91 % | |
5 to 10 Years | 15.50 % | |
10 to 20 Years | 3.35 % | |
20 to 30 Years | 1.03 % | |
More than 30 Years | 0.50 % | |
Other | 0.40 % | |
Total Net Assets | 100.00 % | |
Portfolio Statistics: | ||
Average Coupon: | 7.17 % | |
Average Bond Price: | 98.37 | |
Percentage of Leverage(based on gross assets): | ||
Bank Borrowing: | 0.00 % | |
Investment Operations:* | 13.73 % | |
Preferred Stock: | 0.00 % | |
Tender Option Bonds: | 0.00 % | |
VMTP Shares: | 0.00 % | |
VRDP Shares: | 0.00 % | |
Total Fund Leverage: | 13.73 % | |
Average Maturity: | 4.14 Years | |
Effective Duration: | 3.03 Years | |
Total Net Assets: | $991.11 Million | |
Net Asset Value: | $11.49 | |
Total Number of Holdings: | 1,249 | |
Portfolio Turnover: | 68.00 % | |
* Investment Operations may include the use of certain portfolio management techniques such as credit | ||
default swaps, dollar rolls, negative cash, reverse repurchase agreements and when-issued securities. | ||
The foregoing portfolio characteristics are as of the date indicated and can be expected to change. The | ||
Fund is a closed-end U.S.-registered management investment company advised by AllianceBernstein L. P. |
SOURCE AllianceBernstein Global High Income Fund, Inc.
FAQ**
How does the portfolio diversification of the AllianceBernstein Global High Income Fund AWF, particularly its allocation in corporate bonds and credit default swaps, affect overall risk and return expectations?
In the latest monthly portfolio update for AllianceBernstein Global High Income Fund AWF, what were the top contributors to performance, and how do these holdings align with its investment strategy?
Given the current macroeconomic conditions, what strategies is the AllianceBernstein Global High Income Fund AWF employing to manage interest rate risk, particularly with an average duration of 3.03 years?
With a total net asset value of approximately $991.11 million, how does the AllianceBernstein Global High Income Fund AWF plan to maintain or enhance its competitive position in the high-income investment landscape?
**MWN-AI FAQ is based on asking OpenAI questions about Alliancebernstein Global High Income Fund (NYSE: AWF).
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