AllianceBernstein Funds Approve New Investment Advisory Agreements
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 11 2026
0mins
Source: PRnewswire
- Board Approval: The AllianceBernstein Global High Income Fund and AllianceBernstein National Municipal Income Fund unanimously approved a new investment advisory agreement with AllianceBernstein L.P. during board meetings held from May 5-7, 2026, ensuring continuity in investment management.
- Merger Transaction Context: This approval is linked to the merger transaction between Equitable Holdings and Corebridge Financial, which holds a majority of the partnership interests in the Adviser, reflecting strategic decision-making during the integration process.
- Legal Compliance Requirement: Under the Investment Company Act of 1940, the new advisory agreement requires stockholder approval, which is anticipated to be submitted at an upcoming special meeting, ensuring compliance and safeguarding shareholder interests.
- Fund Management Structure: Each fund is a registered closed-end management investment company managed by the Adviser, and the new investment advisory agreement will help maintain consistency and stability in investment strategies.
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About AWF
AllianceBernstein Global High Income Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund seeks high current income and secondarily capital appreciation. The Fund invests primarily (and without limit) in corporate debt securities from United States (US) and non-US issuers, as well as government bonds from both developing and developed countries. It also invests in debt securities denominated in United States dollars or non-US currencies. The Fund’s portfolio consists of non-investment grade, collateralized mortgage obligations, governments treasuries, commercial mortgage-backed securities, bank loans, whole loan trusts, common stocks, and governments sovereign agencies. The Fund invests in various sectors, which include energy, services, technology, transportation-airlines, transportation-services, banking, brokerage, insurance, real estate investment trusts, utility, natural gas, and others. AllianceBernstein L.P. is the adviser of the Fund.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
AllianceBernstein Global High Income Fund Portfolio Update Released
- Portfolio Overview: As of April 30, 2026, the AllianceBernstein Global High Income Fund reported total net assets of $980.33 million with 1,228 holdings, demonstrating its robust capability in diversified investments aimed at providing stable returns for investors.
- Fixed Income Holdings: Among the top ten fixed-income holdings, U.S. Treasury Notes account for 1.09%, while 1261229 BC Ltd.'s 10% bonds represent 0.58%, indicating the fund's balanced strategy between low-risk and high-yield investments aimed at reducing overall risk.
- Sector Distribution: The fund's portfolio includes 7.36% in non-investment grade corporates, with media and energy sectors at 5.70% and 5.16% respectively, showcasing its broad positioning in high-yield areas to capture growth opportunities across industries.
- Credit Rating Distribution: The fund's credit ratings show that BB-rated bonds comprise 44.76%, while AAA-rated bonds only account for 2.57%, reflecting the fund's willingness to accept certain credit risks in pursuit of higher returns.
See More
AllianceBernstein Declares Distribution Plans for Closed-End Funds
- Distribution Announcement: AllianceBernstein Closed-End Funds declared distributions to be paid on June 26, 2026, with amounts of $0.0655 and $0.05018 per share, indicating the company's ongoing profitability.
- Fund Names and Distributions: The Global High Income Fund (AWF) and National Municipal Income Fund (AFB) confirmed distributions on June 4, 2026, reflecting the company's stability and commitment to investor returns in the current market environment.
- Management Company Background: These funds are managed by AllianceBernstein L.P., highlighting its expertise and market influence in asset management, which enhances investor confidence in its management capabilities.
- Investor Interest: This distribution plan may attract more investor attention, especially in a low-yield market environment, providing relatively stable cash flow and investment returns.
See More
AllianceBernstein Funds Approve New Investment Advisory Agreements
- Board Approval: The AllianceBernstein Global High Income Fund and AllianceBernstein National Municipal Income Fund unanimously approved a new investment advisory agreement with AllianceBernstein L.P. during board meetings held from May 5-7, 2026, ensuring continuity in investment management.
- Merger Transaction Context: This approval is linked to the merger transaction between Equitable Holdings and Corebridge Financial, which holds a majority of the partnership interests in the Adviser, reflecting strategic decision-making during the integration process.
- Legal Compliance Requirement: Under the Investment Company Act of 1940, the new advisory agreement requires stockholder approval, which is anticipated to be submitted at an upcoming special meeting, ensuring compliance and safeguarding shareholder interests.
- Fund Management Structure: Each fund is a registered closed-end management investment company managed by the Adviser, and the new investment advisory agreement will help maintain consistency and stability in investment strategies.
See More
AllianceBernstein Global High Income Fund Portfolio Update Released
- Portfolio Overview: As of March 31, 2026, the AllianceBernstein Global High Income Fund reported total net assets of $963.27 million with 1,250 holdings, demonstrating its strong capability in diversified investments aimed at achieving stable returns through a variety of fixed-income assets.
- Fixed-Income Holdings: Among the top ten fixed-income holdings, U.S. Treasury Notes account for 1.11%, while 1261229 BC Ltd.'s 10% bonds represent 0.58%, indicating the fund's proactive positioning in the high-yield debt market to enhance yield while managing risk.
- Credit Rating Distribution: The fund's credit rating distribution shows that BB-rated bonds comprise 44.95% and CCC-rated bonds account for 7.41%, reflecting its balanced strategy between risk and return, aiming to optimize investment returns through careful credit risk selection.
- Investment Type Distribution: Non-investment grade corporate bonds make up 53.87% of the portfolio, with significant allocations in industrial and energy sectors, indicating the fund's pursuit of opportunities in high-risk, high-reward areas to achieve long-term capital appreciation.
See More
AllianceBernstein Declares Distribution Plans for Closed-End Funds
- Distribution Announcement: AllianceBernstein Closed-End Funds declared distributions to be paid on May 15, 2026, with amounts of $0.0655 and $0.05018 per share, reflecting the company's ongoing profitability and commitment to shareholder returns.
- Fund Names and Distributions: The Global High Income Fund (AWF) and National Municipal Income Fund (AFB) will distribute dividends following the ex-dividend date of May 7, 2026, ensuring timely returns for investors.
- Management Company Background: Managed by AllianceBernstein L.P., these funds highlight the firm's expertise and stability in asset management, enhancing investor confidence in their distribution policies.
- Investor Impact: This distribution plan not only provides a steady cash flow for investors but may also attract more attention to these funds, potentially improving their market performance and liquidity.
See More
Equitable Holdings and Corebridge Enter Merger Agreement
- Merger Agreement Reached: On March 26, 2026, Equitable Holdings and Corebridge Financial announced a merger agreement expected to close by the end of 2026, contingent upon regulatory approvals and shareholder votes, indicating a strategic move towards market consolidation.
- Investment Advisory Agreement Changes: Under the Investment Company Act of 1940, the merger will automatically terminate the investment advisory agreements between each Fund and its Adviser, necessitating a review and approval of new advisory agreements to ensure continuity in management post-merger.
- Board Review of New Agreements: Prior to the transaction's closing, each Fund's Board will consider a new investment advisory agreement with the Adviser, which, if approved, will be presented to shareholders for a vote, ensuring a smooth transition in management structure post-merger.
- Market Impact Analysis: This merger is likely to affect multiple funds managed by AllianceBernstein, potentially enhancing their competitive position in the market while creating long-term value for shareholders, reflecting an acceleration of consolidation trends within the industry.
See More
AllianceBernstein Global High Income Fund Portfolio Update Released
- Portfolio Overview: As of April 30, 2026, the AllianceBernstein Global High Income Fund reported total net assets of $980.33 million with 1,228 holdings, demonstrating its robust capability in diversified investments aimed at providing stable returns for investors.
- Fixed Income Holdings: Among the top ten fixed-income holdings, U.S. Treasury Notes account for 1.09%, while 1261229 BC Ltd.'s 10% bonds represent 0.58%, indicating the fund's balanced strategy between low-risk and high-yield investments aimed at reducing overall risk.
- Sector Distribution: The fund's portfolio includes 7.36% in non-investment grade corporates, with media and energy sectors at 5.70% and 5.16% respectively, showcasing its broad positioning in high-yield areas to capture growth opportunities across industries.
- Credit Rating Distribution: The fund's credit ratings show that BB-rated bonds comprise 44.76%, while AAA-rated bonds only account for 2.57%, reflecting the fund's willingness to accept certain credit risks in pursuit of higher returns.
See More
AllianceBernstein Declares Distribution Plans for Closed-End Funds
- Distribution Announcement: AllianceBernstein Closed-End Funds declared distributions to be paid on June 26, 2026, with amounts of $0.0655 and $0.05018 per share, indicating the company's ongoing profitability.
- Fund Names and Distributions: The Global High Income Fund (AWF) and National Municipal Income Fund (AFB) confirmed distributions on June 4, 2026, reflecting the company's stability and commitment to investor returns in the current market environment.
- Management Company Background: These funds are managed by AllianceBernstein L.P., highlighting its expertise and market influence in asset management, which enhances investor confidence in its management capabilities.
- Investor Interest: This distribution plan may attract more investor attention, especially in a low-yield market environment, providing relatively stable cash flow and investment returns.
See More
AllianceBernstein Funds Approve New Investment Advisory Agreements
- Board Approval: The AllianceBernstein Global High Income Fund and AllianceBernstein National Municipal Income Fund unanimously approved a new investment advisory agreement with AllianceBernstein L.P. during board meetings held from May 5-7, 2026, ensuring continuity in investment management.
- Merger Transaction Context: This approval is linked to the merger transaction between Equitable Holdings and Corebridge Financial, which holds a majority of the partnership interests in the Adviser, reflecting strategic decision-making during the integration process.
- Legal Compliance Requirement: Under the Investment Company Act of 1940, the new advisory agreement requires stockholder approval, which is anticipated to be submitted at an upcoming special meeting, ensuring compliance and safeguarding shareholder interests.
- Fund Management Structure: Each fund is a registered closed-end management investment company managed by the Adviser, and the new investment advisory agreement will help maintain consistency and stability in investment strategies.
See More
AllianceBernstein Global High Income Fund Portfolio Update Released
- Portfolio Overview: As of March 31, 2026, the AllianceBernstein Global High Income Fund reported total net assets of $963.27 million with 1,250 holdings, demonstrating its strong capability in diversified investments aimed at achieving stable returns through a variety of fixed-income assets.
- Fixed-Income Holdings: Among the top ten fixed-income holdings, U.S. Treasury Notes account for 1.11%, while 1261229 BC Ltd.'s 10% bonds represent 0.58%, indicating the fund's proactive positioning in the high-yield debt market to enhance yield while managing risk.
- Credit Rating Distribution: The fund's credit rating distribution shows that BB-rated bonds comprise 44.95% and CCC-rated bonds account for 7.41%, reflecting its balanced strategy between risk and return, aiming to optimize investment returns through careful credit risk selection.
- Investment Type Distribution: Non-investment grade corporate bonds make up 53.87% of the portfolio, with significant allocations in industrial and energy sectors, indicating the fund's pursuit of opportunities in high-risk, high-reward areas to achieve long-term capital appreciation.
See More
AllianceBernstein Declares Distribution Plans for Closed-End Funds
- Distribution Announcement: AllianceBernstein Closed-End Funds declared distributions to be paid on May 15, 2026, with amounts of $0.0655 and $0.05018 per share, reflecting the company's ongoing profitability and commitment to shareholder returns.
- Fund Names and Distributions: The Global High Income Fund (AWF) and National Municipal Income Fund (AFB) will distribute dividends following the ex-dividend date of May 7, 2026, ensuring timely returns for investors.
- Management Company Background: Managed by AllianceBernstein L.P., these funds highlight the firm's expertise and stability in asset management, enhancing investor confidence in their distribution policies.
- Investor Impact: This distribution plan not only provides a steady cash flow for investors but may also attract more attention to these funds, potentially improving their market performance and liquidity.
See More
Equitable Holdings and Corebridge Enter Merger Agreement
- Merger Agreement Reached: On March 26, 2026, Equitable Holdings and Corebridge Financial announced a merger agreement expected to close by the end of 2026, contingent upon regulatory approvals and shareholder votes, indicating a strategic move towards market consolidation.
- Investment Advisory Agreement Changes: Under the Investment Company Act of 1940, the merger will automatically terminate the investment advisory agreements between each Fund and its Adviser, necessitating a review and approval of new advisory agreements to ensure continuity in management post-merger.
- Board Review of New Agreements: Prior to the transaction's closing, each Fund's Board will consider a new investment advisory agreement with the Adviser, which, if approved, will be presented to shareholders for a vote, ensuring a smooth transition in management structure post-merger.
- Market Impact Analysis: This merger is likely to affect multiple funds managed by AllianceBernstein, potentially enhancing their competitive position in the market while creating long-term value for shareholders, reflecting an acceleration of consolidation trends within the industry.
See More
