AllianceBernstein Global High Income Fund lends through a global bond portfolio that includes developed and emerging markets. Borrower credit, currencies and interest rates all affect the dollars available to U.S. shareholders.
Business
Credit and multi-sector income funds
Listing
AWF · XNYS
Reporting period
2026-06-30
Dividend schedule
Monthly
How the business works
Bond interest becomes net investment income after expenses and financing. Currency and bond-price changes move NAV separately from that recurring income.
Extras are shown separately and are not assumed to repeat.
Reported earnings
Each measure shown separately, per share
Net investment income$0.18
Apr 1, 2026 to Jun 30, 2026
$0.00$0.18
Distribution yield7.87%Sourced distributions divided by dated market priceReported annual income yield7.08%Reported net investment income $0.7200 per share for 2025-04-01 to 2026-03-31, divided by approved 2026-03-31 market price $10.1700. Excludes capital gains; historical, not a current yield or forecast.Annual earnings$0.72Public Researched estimate per shareAnnual dividend$0.79Current regular payment annualized per shareDistribution supportSee period evidenceCash distributions, NAV and reported returns are shown separately; no earnings-coverage ratio is assigned.
Verified dividend dates and payment components
Issuer announcements supplement the recorded totals above. Each declared payment is shown separately. Additional payments are not assumed to repeat.
The latest four recorded reporting periods. Each issuer measure keeps its own name and dates. These source records supplement the Fly High figures above; different measures are not added together or assumed comparable.
Reviewed USD market closes or SEC-reported prices matched to NAV dates. A different price date or split adjustment is shown in the label.
Cash distributions and reported returns
Cash distributions are the total paid per share during each reporting period, including any gains or return of capital. Period lengths may differ, so compare the dates before comparing amounts. Short periods are not annualized.
NAV change excludes distributions. Reported NAV total return includes reinvestment and is copied from the fund statement, not estimated by adding cash distributions to the NAV change.
Distribution and NAV evidence
Cash paid, opening and closing NAV, and the fund-reported NAV total return are separate observations. NAV change excludes distributions. These figures show outcomes, not which source funded a payment or whether future distributions are sustainable. Net investment income excludes investment gains and is not a payout-coverage ratio.
Losses or weaker cash generation in credit and multi-sector income investments can reduce the resources available for future distributions.
Monitor
A change can affect future shareholder cash payments or the capital supporting them.
Leverage and financing
The current data service reports effective leverage of 0.81%. Financing magnifies gains and losses, and borrowing costs reduce income available to common shareholders.
Monitor
A change can affect future shareholder cash payments or the capital supporting them.
The assets behind the earnings
How AWF makes money
Financial snapshot: 2026-06-30. Research reviewed 2026-09-21. Source dates are retained with each measure; historical results are not a forecast.
The assets it owns
$970.77 million net assets at July31,20261,190 holdings at July31,2026
Issuer July31 portfolio statistics. The report includes derivatives and financing offsets; these exposures must not be added to underlying holdings twice.
Less than 1 year11.39%
1 to 5 years65.23%
5 to 10 years16.96%
10 to 20 years4.07%
20 to 30 years1.33%
More than 30 years0.47%
Other0.55%
Bond maturity allocation from the issuer July31,2026 portfolio update. Seven mutually exclusive maturity buckets total100%. This is a maturity breakdown, not a credit-quality rating.
From April through June 2026, AWF reported $0.18 of net investment income per common share and $0.1965 of distributions. Income was close to the cash paid in that matching quarter. The older chart points are full fiscal years, so the quarter belongs in the dated evidence rather than an annual trend line.
Bond interest, less expenses and financing costs, is the central recurring income source. A declared distribution can include gains or return of capital as well as investment income; its amount is not an earnings figure.
The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.
At July31,2026,the issuer reports13.99% investment-operations leverage and no bank borrowing or preferred-share leverage, measured against gross assets. Derivatives and reverse repurchase agreements are included in the investment-operations measure.
Financing can increase earning assets, but its cost reduces income available to common shareholders. When borrowing costs rise or portfolio income falls, the distribution can become harder to sustain.
April through June2026 net investment income was$0.18 per share; realized and unrealized gains were$0.20.
April through June2026 investment income of $0.18 per share covered 91.60% of the $0.1965 distributed in the same quarter. Investment gains of $0.20 per share were separate. The recurring-income comparison is under pressure, although gains and NAV changes also affect overall results. This is not a prediction of a dividend cut.
Losses or weaker cash generation in credit and multi-sector income investments can reduce the resources available for future distributions.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
A maintained payment can exceed investment results. Review NAV and reported income together rather than treating distribution yield as total return.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
Compare the next like-length income and payment, then follow credit quality, currency effects and NAV.
Net asset value (NAV)
NAV per share$10.9700Sep 29, 2026Market price$9.7400Sep 29, 2026PREMIUM / DISCOUNT TO NAV11.21% discountCalculated from the displayed same-date values.
NAV is the fund's assets minus liabilities, divided by shares outstanding. All values are USD per share.
CEFConnect current common-share NAV and closing market price, both dated 2026-09-29. The published premium or discount agrees with the calculation within source rounding. Older audited NAV history remains unchanged.
The August 28 release adds actual June-quarter investment income and investment gains.
Ten fiscal-year observations now connect the existing history charts.
What to watch next
Compare the next like-length income and payment, then follow credit quality, currency effects and NAV.
Fly High context
Compare the next like-length income and payment, then follow credit quality, currency effects and NAV.
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U.S. federal · Tax year 2025
Dividend tax treatment
The issuer2025 tax guide identifies0.66% of fund income as sourced from U.S.Treasury securities. It does not provide the complete federal distribution breakdown for this fund.
This issuer information is a guide, not your personal tax statement. Use your Form 1099-DIV when you file.
Total ordinary dividends
Not confirmed
Qualified dividends
Not confirmed
Capital-gain distributions
Not confirmed
Return of capital
Not confirmed
AWF’s tax guide answers a narrower question about income from U.S. Treasury securities. That can be useful when looking at state taxes, but it is not a map of every federal dividend category. Blank categories here are still open questions, not zeros.
Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.
Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.
