In This Article:
NEW YORK, April 21, 2025 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of March 31, 2025.
| 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) CCO Holdings 4.50%, 08/15/30 - 06/01/33 | | 0.80 % |
| 3) CCO Holdings 4.75%, 02/01/32 | | 0.65 % |
| 4) Dominican Republic Intl Bond 8.625%, 04/20/27 | | 0.61 % |
| 5) EchoStar Corp. 10.75%, 11/30/29 | | 0.61 % |
| 6) Royal Caribbean Cruises 5.50%, 08/31/26 - 04/01/28 | | 0.57 % |
| 7) NFE Financing LLC 12.00%, 11/15/29 | | 0.56 % |
| 8) Altice France SA 5.125%, 01/15/29 - 07/15/29 | | 0.52 % |
| 9) AMMC CLO 25 Ltd. 11.052%, 04/15/35 | | 0.51 % |
| 10) DaVita, Inc. 4.625%, 06/01/30 | | 0.49 % |
| | | |
| Investment Type | | Portfolio % |
| Corporates - Non-Investment Grade | | |
| Industrial | | |
| Energy | | 7.07 % |
| Communications - Media | | 7.01 % |
| Consumer Non-Cyclical | | 6.91 % |
| Capital Goods | | 4.82 % |
| Basic | | 4.33 % |
| Communications - Telecommunications | | 4.25 % |
| Consumer Cyclical - Other | | 3.72 % |
| Consumer Cyclical - Retailers | | 3.29 % |
| Services | | 2.89 % |
| Consumer Cyclical - Automotive | | 2.43 % |
| Technology | | 1.81 % |
| Transportation - Services | | 1.69 % |
| Transportation - Airlines | | 0.90 % |
| Consumer Cyclical - Entertainment | | 0.75 % |
| Consumer Cyclical - Restaurants | | 0.63 % |
| Other Industrial | | 0.38 % |
| Transportation - Railroads | | 0.04 % |
| SUBTOTAL | | 52.92 % |
| Credit Default Swaps | | 17.02 % |
| Financial Institutions | | |
| Finance | | 2.29 % |
| Brokerage | | 1.13 % |
| REITs | | 1.12 % |
| Financial Services | | 0.77 % |
| Insurance | | 0.58 % |
| Banking | | 0.49 % |
| SUBTOTAL | | 6.38 % |
| Utility | | |
| Electric | | 1.12 % |
| Natural Gas | | 0.05 % |
| SUBTOTAL | | 1.17 % |
| SUBTOTAL | | 77.49 % |
| Corporates - Investment Grade | | |
| Industrial | | |
| Communications - Media | | 1.13 % |
| Energy | | 1.09 % |
| Consumer Cyclical - Automotive | | 0.99 % |
| Consumer Cyclical - Entertainment | | 0.95 % |
| Basic | | 0.94 % |
| Consumer Cyclical - Other | | 0.69 % |
| Consumer Non-Cyclical | | 0.51 % |
| Transportation - Airlines | | 0.31 % |
| Consumer Cyclical - Retailers | | 0.25 % |
| Transportation - Services | | 0.16 % |
| Capital Goods | | 0.11 % |
| Other Industrial | | 0.06 % |
| Services | | 0.06 % |
| Technology | | 0.03 % |
| Transportation - Railroads | | 0.03 % |
| SUBTOTAL | | 7.31 % |
| Financial Institutions | | |
| Banking | | 4.14 % |
| Insurance | | 0.80 % |
| Finance | | 0.63 % |
| REITs | | 0.35 % |
| Brokerage | | 0.14 % |
| SUBTOTAL | | 6.06 % |
| Utility | | |
| Electric | | 1.29 % |
| Other Utility | | 0.05 % |
| SUBTOTAL | | 1.34 % |
| SUBTOTAL | | 14.71 % |
| Emerging Markets - Corporate Bonds | | |
| Industrial | | |
| Basic | | 1.89 % |
| Energy | | 1.26 % |
| Consumer Cyclical - Other | | 0.99 % |
| Consumer Non-Cyclical | | 0.91 % |
| Capital Goods | | 0.47 % |
| Communications - Telecommunications | | 0.20 % |
| Transportation - Services | | 0.12 % |
| Communications - Media | | 0.07 % |
| Consumer Cyclical - Retailers | | 0.05 % |
| Other Industrial | | 0.03 % |
| SUBTOTAL | | 5.99 % |
| Utility | | |
| Electric | | 0.37 % |
| Other Utility | | 0.10 % |
| SUBTOTAL | | 0.47 % |
| Financial Institutions | | |
| Banking | | 0.23 % |
| Financial Services | | 0.02 % |
| SUBTOTAL | | 0.25 % |
| SUBTOTAL | | 6.71 % |
| Bank Loans | | |
| Industrial | | |
| Technology | | 1.35 % |
| Consumer Non-Cyclical | | 0.99 % |
| Communications - Media | | 0.80 % |
| Communications - Telecommunications | | 0.40 % |
| Capital Goods | | 0.35 % |
| Transportation - Airlines | | 0.23 % |
| Other Industrial | | 0.18 % |
| Transportation - Services | | 0.17 % |
| Consumer Cyclical - Automotive | | 0.10 % |
| Energy | | 0.09 % |
| Consumer Cyclical - Other | | 0.05 % |
| Consumer Cyclical - Retailers | | 0.05 % |
| Consumer Cyclical - Restaurants | | 0.02 % |
| SUBTOTAL | | 4.78 % |
| Financial Institutions | | |
| Insurance | | 0.38 % |
| Brokerage | | 0.16 % |
| Banking | | 0.02 % |
| SUBTOTAL | | 0.56 % |
| Utility | | |
| Electric | | 0.17 % |
| SUBTOTAL | | 0.17 % |
| SUBTOTAL | | 5.51 % |
| Interest Rate Futures | | 2.72 % |
| Collateralized Mortgage Obligations | | |
| Risk Share Floating Rate | | 1.52 % |
| Non-Agency Fixed Rate | | 0.30 % |
| Non-Agency Floating Rate | | 0.29 % |
| Agency Fixed Rate | | 0.20 % |
| SUBTOTAL | | 2.31 % |
| Emerging Markets - Sovereigns | | |
| Emerging Markets - Sovereigns | | 2.45 % |
| Credit Default Swaps | | -0.25 % |
| SUBTOTAL | | 2.20 % |
| Collateralized Loan Obligations | | |
| CLO - Floating Rate | | 2.00 % |
| SUBTOTAL | | 2.00 % |
| U.S. Govt & Agency Securities | | 1.66 % |
| Quasi-Sovereigns | | |
| Quasi-Sovereign Bonds | | 1.64 % |
| SUBTOTAL | | 1.64 % |
| EM Government Agencies | | 0.62 % |
| Local Governments - US Municipal Bonds | | 0.40 % |
| Commercial Mortgage-Backed Securities | | |
| Non-Agency Fixed Rate CMBS | | 0.26 % |
| SUBTOTAL | | 0.26 % |
| Inflation-Linked Securities | | 0.25 % |
| Asset-Backed Securities | | |
| Other ABS - Floating Rate | | 0.18 % |
| Autos - Fixed Rate | | 0.07 % |
| SUBTOTAL | | 0.25 % |
| Emerging Markets - Treasuries | | 0.24 % |
| Common Stocks | | 0.24 % |
| Preferred Stocks | | |
| Industrials | | 0.11 % |
| SUBTOTAL | | 0.11 % |
| Forward Currency Exchange Contracts | | |
| Currency Instruments | | -0.16 % |
| SUBTOTAL | | -0.16 % |
| Reverse Repurchase Agreements | | -0.53 % |
| Cash & Cash Equivalents | | |
| Cash | | 0.46 % |
| Funds and Investment Trusts | | 0.41 % |
| SUBTOTAL | | 0.87 % |
| Derivative Offsets | | |
| Futures Offsets | | -2.66 % |
| Swap Offsets | | -16.84 % |
| SUBTOTAL | | -19.50 % |
| TOTAL | | 100.00 % |
| | | |
| Country Breakdown | | Portfolio % |
| United States | | 68.05 % |
| United Kingdom | | 3.50 % |
| France | | 2.72 % |
| Canada | | 2.43 % |
| Brazil | | 1.92 % |
| Mexico | | 1.73 % |
| Italy | | 1.46 % |
| Colombia | | 1.28 % |
| Germany | | 1.25 % |
| India | | 1.13 % |
| Spain | | 1.09 % |
| Israel | | 0.81 % |
| Luxembourg | | 0.79 % |
| Turkey | | 0.77 % |
| Chile | | 0.70 % |
| Australia | | 0.64 % |
| Dominican Republic | | 0.61 % |
| Nigeria | | 0.60 % |
| Netherlands | | 0.57 % |
| South Africa | | 0.55 % |
| Hong Kong | | 0.53 % |
| Macau | | 0.52 % |
| China | | 0.51 % |
| Peru | | 0.46 % |
| Angola | | 0.36 % |
| Puerto Rico | | 0.35 % |
| Finland | | 0.32 % |
| Indonesia | | 0.30 % |
| Switzerland | | 0.29 % |
| Jersey (Channel Islands) | | 0.27 % |
| Kazakhstan | | 0.25 % |
| Egypt | | 0.24 % |
| Panama | | 0.23 % |
| Zambia | | 0.22 % |
| Ireland | | 0.21 % |
| Norway | | 0.21 % |
| Slovenia | | 0.21 % |
| Romania | | 0.19 % |
| Senegal | | 0.19 % |
| Cayman Islands | | 0.15 % |
| Uzbekistan | | 0.13 % |
| El Salvador | | 0.12 % |
| Guatemala | | 0.12 % |
| Azerbaijan | | 0.11 % |
| Ukraine | | 0.10 % |
| Malaysia | | 0.08 % |
| Jamaica | | 0.05 % |
| Argentina | | 0.04 % |
| Austria | | 0.04 % |
| Czech Republic | | 0.04 % |
| Kuwait | | 0.04 % |
| Morocco | | 0.04 % |
| Serbia | | 0.03 % |
| Japan | | 0.02 % |
| Trinidad and Tobago | | 0.02 % |
| Cash & Cash Equivalents | | 0.41 % |
| Total Investments | | 100.00 % |
| | | |
| Net Currency Exposure Breakdown | | Portfolio % |
| US Dollar | | 100.04 % |
| Turkish Lira | | 0.25 % |
| Canadian Dollar | | 0.18 % |
| Pound Sterling | | 0.12 % |
| Norwegian Krone | | 0.02 % |
| Indian Rupee | | 0.01 % |
| New Zealand Dollar | | 0.01 % |
| New Taiwan Dollar | | 0.01 % |
| South African Rand | | 0.01 % |
| Mexican Peso | | -0.01 % |
| Singapore Dollar | | -0.01 % |
| Colombian Peso | | -0.14 % |
| Euro | | -0.49 % |
| Total Net Assets | | 100.00 % |
| | | |
| Credit Rating | | Portfolio % |
| AAA | | 1.12 % |
| AA | | 0.17 % |
| A | | 1.13 % |
| BBB | | 16.34 % |
| BB | | 44.42 % |
| B | | 24.44 % |
| CCC | | 8.12 % |
| CC | | 0.11 % |
| C | | 0.12 % |
| Not Rated | | 2.60 % |
| Short Term Investments | | 0.41 % |
| Reverse Repurchase Agreements | | -0.53 % |
| N/A | | 1.55 % |
| Total | | 100.00 % |
| | | |
| Bonds by Maturity | | Portfolio % |
| Less than 1 Year | | 5.51 % |
| 1 To 5 Years | | 66.97 % |
| 5 To 10 Years | | 22.81 % |
| 10 To 20 Years | | 2.63 % |
| 20 To 30 Years | | 1.03 % |
| More than 30 Years | | 0.81 % |
| Other | | 0.24 % |
| Total Net Assets | | 100.00 % |
| | | |
| Portfolio Statistics: | | |
| Average Coupon: | | 7.78 % |
| Average Bond Price: | | 95.41 |
| Percentage of Leverage(based on gross assets): | | |
| Bank Borrowing: | | 0.00 % |
| Investment Operations:* | | 17.84 % |
| Preferred Stock: | | 0.00 % |
| Tender Option Bonds: | | 0.00 % |
| VMTP Shares: | | 0.00 % |
| VRDP Shares: | | 0.00 % |
| Total Fund Leverage: | | 17.84 % |
| Average Maturity: | | 4.74 Years |
| Effective Duration: | | 3.09 Years |
| Total Net Assets: | | $966.05 Million |
| Net Asset Value: | | $11.20 |
| Total Number of Holdings: | | 1,244 |
| Portfolio Turnover: | | 45.00 % |
| |
| * 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. |