AllianceBernstein Global High Income Fund (NYSE: AWF) is a closed-end management investment company that seeks to provide high current income, with a secondary objective of capital growth. The fund is traded on the New York Stock Exchange and offers investors access to a diversified portfolio of global fixed-income securities designed to capitalize on opportunities in the high-yield credit market.
The fund primarily invests in a broad array of debt instruments, including corporate high-yield bonds, sovereign and quasi-sovereign debt, collateralized loan obligations, convertible securities, and other income-oriented instruments. While the portfolio emphasizes U.S. dollar-denominated securities, it may allocate to non-U.S. issuers and emerging-market credits to enhance diversification and income potential. The investment team employs bottom-up credit analysis and leverages macroeconomic insights to position the portfolio across credit quality tiers and geographic regions.
Established in March 2011, AWF is advised by AllianceBernstein L.P., a global asset manager with a multi-asset class platform and dedicated fixed-income research capabilities. Headquartered in New York, AllianceBernstein operates in major financial centers worldwide, offering the fund access to local market intelligence and trading networks. The fund’s governance structure includes an independent board of directors responsible for overseeing compliance with its stated objectives and policies.
AWF distributes net investment income on a regular basis, providing shareholders with a competitive yield profile relative to many traditional fixed-income vehicles. With a focus on income generation and credit selection, the AllianceBernstein Global High Income Fund aims to deliver attractive risk-adjusted returns across varying market environments.
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