AllianceBernstein Global High Income Fund (AWF)

• Market cap: $912M
• 1 day: 0.19%
• 5 days: -2.49%
• 1 month: -1.95%
• 3 months: -5.62%
• 6 months: -0.38%
• Year to date: 3.83%
• 1 year: 6.12%
• 5 years: -12.63%
• 10 years: -17.79%

About: Alliancebernstein Glb High Inc Fund Inc is a United States-based diversified, closed-end management investment company. Its primary investment objective is to seek high current income, and secondarily, capital appreciation. The fund invests in the debt securities, including Sovereign Debt Obligations and corporate debt, denominated in non-U.S. currencies as well as in the U.S. Dollar. It may invest without limit in emerging and developed markets and debt securities of U.S. and non-U.S. corporate issuers.

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

20% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 15

3% more funds holding

Funds holding: 115 [Q2] → 118 (+3) [Q3]

6% less repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 36

4.87% less ownership

Funds ownership: 26.03% [Q2] → 21.15% (-4.87%) [Q3]

13% less capital invested

Capital invested by funds: $235M [Q2] → $206M (-$29.6M) [Q3]

50% less funds holding in top 10

Funds holding in top 10: 2 [Q2] → 1 (-1) [Q3]