AllianceBernstein Global High Income Fund
AWF
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Onur Erzan
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 501 Commerce Street Nashville TN United States of America 37203
- IPO Date
- Jul 27, 1993
- CIK
- 0000906013
- Website
- abglobal.com
- Similar Companies
- Business
- AllianceBernstein Global High Income Fund (NYSE: AWF) is a closed-end fund that seeks high current income, with a secondary objective of capital appreciation, through a globally diversified portfolio of fixed-income securities. The fund invests primarily without limit in lower-rated and high-yield debt securities, including corporate debt obligations and sovereign bonds from U.S. and non-U.S. issuers in developed and emerging markets; it may also allocate to investment-grade bonds, unrated debt, and securities denominated in U.S. dollars or non-U.S. currencies. The portfolio employs a consistent investment process combining quantitative screening and fundamental research to pursue high-income opportunities across fixed-income sectors, with risk levels adjusted based on market compensation for investors; as of late 2025, it holds approximately $994 million in net assets, with 75% exposure to non-investment grade corporates, 66% in U.S. securities, BB-rated bonds comprising 43.81%, and diversification across 1,207 issuances where the top 10 holdings represent only 4.8%. Sponsored and managed by AllianceBernstein L.P., with portfolio managers including Matthew S. Sheridan, Gershon M. Distenfeld, Christian DiClementi, and Fahd Malik, the fund was launched on July 28, 1993, and is headquartered in New York. It targets long-term investors seeking stable fixed-income income streams, paying a monthly distribution of $0.80 per share, yielding approximately 7.09% on a forward basis as of September 2025, supported by net investment income and positioned to benefit from global interest rate dynamics and U.S. dollar strength. In recent developments, the fund has maintained consistent portfolio positioning amid falling global interest rates, which analysts view as a potential tailwind, with monthly portfolio updates released through October 2025 detailing net assets at $986.2 million as of August 2025; it has demonstrated resilience in high-yield fixed-income markets without major structural changes such as acquisitions, partnerships, or new product launches reported in the past 1-2 years.