AllianceBernstein Global High Income Closed Fund (AWF)

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AllianceBernstein Global High Income Closed Fund (AWF) is down 1.9% since the beginning of the year. AWF is currently trading at $10 per share. Investors who bought $1,000 worth of AWF shares 5 years ago would now be looking at an investment worth $1,199.

AllianceBernstein Global High Income Closed Fund (AWF) has returned -1.94% so far this year and 0.20% over the past 12 months. Over the last ten years, AWF has returned 5.64% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jul 29, 1993, AWF's average daily return is +0.03%, while the average monthly return is +0.66%. At this rate, an investment would double in approximately 8.8 years.

Historically, 57% of months were positive and 43% were negative. The best month was Sep 1998 with a return of +24.1%, while the worst month was Aug 1998 at -39.3%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 7 months.

On a daily basis, AWF closed higher 49% of trading days. The best single day was Oct 13, 2008 with a return of +25.4%, while the worst single day was Mar 23, 2020 at -16.0%.

AllianceBernstein Global High Income Closed Fund has an annualized alpha of 3.19%, beta of 0.49, and R2 of 0.20 versus S&P 500 Index. Calculated based on daily prices since July 29, 1993.

• This fund participated in 64.50% of S&P 500 Index downside but only 58.67% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.49 may look defensive, but with R2 of 0.20 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.20 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

AWF has a high expense ratio of 1.00%, indicating above-average management fees.

AWF ranks 3 for risk / return — in the bottom 3% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

AllianceBernstein Global High Income Closed Fund provided a 7.75% dividend yield over the last twelve months, with an annual payout of $0.79 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for AllianceBernstein Global High Income Closed Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the AllianceBernstein Global High Income Closed Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the AllianceBernstein Global High Income Closed Fund was 55.54%, occurring on Nov 21, 2008. Recovery took 173 trading sessions.

The current AllianceBernstein Global High Income Closed Fund drawdown is 6.03%.

The chart below shows the rolling one-month volatility.