The AllianceBernstein Global High Income Fund (NYSE: AWF) is a closed-end investment company that seeks to provide high current income, with a secondary objective of capital appreciation. Established in late 2007, the fund is managed by AllianceBernstein L.P., a leading global investment management firm. AWF pursues its investment objectives by allocating assets across a diversified portfolio of fixed-income securities including high-yield corporate bonds, emerging market debt, investment-grade credits, and convertible securities. The fund may also employ leverage strategies to enhance income generation over time.
Portfolio construction is driven by a team of experienced fixed-income professionals at AllianceBernstein, who apply a bottom-up, research-driven process to identify mispriced credit opportunities. Sector and issuer selection emphasize rigorous credit analysis, fundamental research, and a disciplined risk management framework. The fund’s strategy allows for dynamic sector rotation, enabling portfolio managers to adjust exposures in response to evolving market conditions and interest rate environments. Duration and currency positioning are actively managed to mitigate interest rate and currency risks.
AllianceBernstein, founded in 1967, has evolved into a global asset manager serving institutional clients, private clients, and financial intermediaries across more than 50 countries. The firm leverages its deep research capabilities and global presence to support the fund’s investment team, drawing on insights from regional offices in North America, Europe, Asia, and Latin America. This global footprint facilitates access to local market intelligence and in-depth credit research, which underpin the fund’s pursuit of high income opportunities worldwide.
The governance structure of AWF includes an independent board of directors that oversees fund operations and ensures alignment with shareholder interests. The fund’s leadership team is committed to transparent reporting and regulatory compliance, providing investors with regular updates on portfolio positioning and market outlook. Through its affiliation with AllianceBernstein, the Global High Income Fund benefits from the firm’s longstanding expertise in fixed-income investing and its commitment to delivering disciplined, research-driven strategies.
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