AllianceBernstein Global High Income Fund Inc — Cyborg Score 6/10
Solid
Closed-End Fixed Income Funds
Strategic Profile
The fund employs a combination of fundamental and quantitative analysis to create its portfolio. The Fund seeks high current income, and secondarily, capital appreciation, investing without limit in securities denominated in non-U.S. currencies, U.S. dollars, and in sovereign debt securities issued by emerging and developed nations and in debt securities of U.S. and non-U.S. corporate issuers.
Cyborg Score Rationale
The Fund returned 7.26% (NAV) for the 12-month period ended March 31, 2026, though it underperformed its primary benchmark, the Bloomberg Global High Yield Index (USD hedged), which returned 7.80%. In fiscal year 2026, AWF's revenue was $72.06 million with a -2.88% decrease, and earnings were $64.76 million with a -6.29% decrease.
Top Insights
As of March 31, 2026, the Fund's NAV per share was $11.17 and its market price was $10.17, indicating a discount to NAV.
The fund employs leverage and active use of derivatives and currency forwards for duration, yield-curve and currency management.
The portfolio has a total market value of roughly $518.4 million with concentrated holdings across non-investment-grade corporates and investment-grade corporates.
The fund was formed on May 20, 1993 and was previously known as Alliance World Dollar Government Fund II, Inc.
Named Competitors
BlackRock Debt Strategies Fund — Closed-end debt fund strategy
PIMCO Strategic Income Fund — Global fixed income fund
Western Asset High Income Fund — High-yield bond fund
Recent Developments
(May 2026) Announced Q4 FY2026 earnings with revenue of $72.06M
(April 2026) Released monthly portfolio update as of March 31, 2026
(March 2026) Reported fiscal year 2026 results showing declining revenue and earnings
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