AllianceBernstein Global High Income Closed Fund (AWF) Alternatives

AllianceBernstein Global High Income Closed Fund (AWF) belongs to the High Yield Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with AWF. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.

Cheapest Alternatives to AWF

AWF charges 1.00% annually. Among mutual funds in the High Yield Bonds category, these options have the lowest expense ratios among AWF alternatives.

Symbol	Name	Expense Ratio	Inception
FHYSX	Federated Hermes High-Yield Strategy Portfolio	0.02%	Dec 24, 2008	AWF vs FHYSX
VWEAX	Vanguard High-Yield Corporate Fund Admiral Shares	0.13%	Nov 12, 2001	AWF vs VWEAX
PIAMX	PIA High Yield (MACS) Fund	0.20%	Dec 26, 2017	AWF vs PIAMX
VWEHX	Vanguard High-Yield Corporate Fund Investor Shares	0.23%	Dec 27, 1978	AWF vs VWEHX
CRDOX	Six Circles Credit Opportunities Fund	0.29%	Nov 22, 2020	AWF vs CRDOX

Best Risk-Adjusted Alternatives to AWF

Among mutual funds in the High Yield Bonds category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
XILSX	Pioneer ILS Interval Fund	100	Dec 16, 2014	AWF vs XILSX
CCLFX	Cliffwater Corporate Lending Fund	100	Mar 6, 2019	AWF vs CCLFX
RPHIX	RiverPark Short Term High Yield Fund	100	Sep 30, 2010	AWF vs RPHIX
PRFRX	T. Rowe Price Floating Rate Fund	99	Jul 29, 2011	AWF vs PRFRX
PRCPX	T. Rowe Price Credit Opportunities Fund	98	Apr 29, 2014	AWF vs PRCPX

Top Performing AWF Alternatives (YTD)

AWF alternatives from the High Yield Bonds category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
FOCIX	Fairholme Focused Income Fund	6.93%	Dec 31, 2009	AWF vs FOCIX
XILSX	Pioneer ILS Interval Fund	5.18%	Dec 16, 2014	AWF vs XILSX
RPHIX	RiverPark Short Term High Yield Fund	1.02%	Sep 30, 2010	AWF vs RPHIX
CCLFX	Cliffwater Corporate Lending Fund	0.96%	Mar 6, 2019	AWF vs CCLFX
FQTIX	Franklin Templeton SMACS: Series I	0.52%	Jun 3, 2019	AWF vs FQTIX

Lowest Volatility Alternatives to AWF

AWF alternatives from the High Yield Bonds category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
RPHIX	RiverPark Short Term High Yield Fund	0.97%	Sep 30, 2010	AWF vs RPHIX
CCLFX	Cliffwater Corporate Lending Fund	0.97%	Mar 6, 2019	AWF vs CCLFX
CWFIX	Chartwell Short Duration High Yield Fund	1.71%	Jul 15, 2014	AWF vs CWFIX
CPMPX	Changing Parameters Fund	1.90%	Oct 2, 2006	AWF vs CPMPX
SCFIX	Shenkman Capital Short Duration High Income Fund	1.96%	Oct 31, 2012	AWF vs SCFIX

Lowest Drawdown Alternatives to AWF

AWF alternatives from the High Yield Bonds category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
XILSX	Pioneer ILS Interval Fund	-0.21%	Dec 16, 2014	AWF vs XILSX
RPHIX	RiverPark Short Term High Yield Fund	-0.41%	Sep 30, 2010	AWF vs RPHIX
CCLFX	Cliffwater Corporate Lending Fund	-0.46%	Mar 6, 2019	AWF vs CCLFX
THHYX	Toews Tactical Income Fund	-1.12%	Jun 4, 2010	AWF vs THHYX
CPMPX	Changing Parameters Fund	-1.31%	Oct 2, 2006	AWF vs CPMPX

Other Mutual Funds from AllianceBernstein

Most popular AllianceBernstein mutual funds on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
APGAX	AB Large Cap Growth Fund Class A	Large Cap Growth Equities	15	-12.84%	Oct 1, 1996	AWF vs APGAX
APGYX	AB Large Cap Growth Fund Advisor Class	Large Cap Growth Equities	15	-12.78%	Jan 10, 1996	AWF vs APGYX
APGZX	AB Large Cap Growth Fund Class Z	Large Cap Growth Equities	15	-12.76%	Jul 1, 2015	AWF vs APGZX
AGRFX	AB Growth Fund	Large Cap Growth Equities	12	-12.87%	Sep 4, 1990	AWF vs AGRFX
MISHX	AB Municipal Income Shares	High Yield Muni	43	-0.64%	Aug 31, 2010	AWF vs MISHX
AGDAX	AB High Income Fund	High Yield Bonds	81	-1.79%	Feb 25, 1994	AWF vs AGDAX
ACGYX	AB Income Fund	Intermediate Core-Plus Bond	42	-1.08%	Aug 28, 1987	AWF vs ACGYX
QUASX	AB Small Cap Growth Portfolio	Small Cap Growth Equities	18	-7.77%	Feb 12, 1969	AWF vs QUASX
ALTFX	AB Sustainable Global Thematic Fund	Global Equities	6	-10.89%	Feb 28, 1982	AWF vs ALTFX
AUNYX	AB Municipal Bond Inflation Strategy	Municipal Bonds	71	0.39%	Jan 25, 2010	AWF vs AUNYX

Often Compared With AWF

What investors most often compare with AWF, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
VWOB	Vanguard Emerging Markets Government Bond ETF	Emerging Markets Bonds	77	-1.63%	May 31, 2013	AWF vs VWOB
BUCK	Simplify Stable Income ETF	Government Bonds	27	0.97%	Oct 27, 2022	AWF vs BUCK
EGRIX	Eaton Vance Global Macro Absolute Return Advantage...	Nontraditional Bonds	99	3.59%	Aug 30, 2010	AWF vs EGRIX
SVOL	Simplify Volatility Premium ETF	Volatility, Actively Managed	17	-7.92%	May 12, 2021	AWF vs SVOL
RQI	Cohen & Steers Quality Income Realty Fund		50	7.83%	Feb 28, 2002	AWF vs RQI
LQD	iShares iBoxx $ Investment Grade Corporate Bond ET...	Corporate Bonds	46	-0.38%	Jul 26, 2002	AWF vs LQD
ADX	Adams Diversified Equity Fund, Inc.	Large Cap Growth Equities	83	-4.23%	Jan 2, 1990	AWF vs ADX
AM	Antero Midstream Corporation		80	29.72%	—	AWF vs AM
PFF	iShares Preferred and Income Securities ETF	Preferred Stock/Convertible Bonds	31	-1.42%	Mar 30, 2007	AWF vs PFF
BMEZ	BlackRock Health Sciences Trust II		55	-2.43%	—	AWF vs BMEZ
GHY	PGIM Global High Yield Fund	High Yield Bonds	3	-3.98%	Dec 26, 2012	AWF vs GHY
JEPQ	JPMorgan Nasdaq Equity Premium Income ETF	Derivative Income	72	-2.87%	May 3, 2022	AWF vs JEPQ
SCYVX	AB Small Cap Value Portfolio	Small Cap Value Equities	32	5.45%	Dec 3, 2014	AWF vs SCYVX
ANBIX	AB Bond Inflation Strategy	Inflation-Protected Bonds	85	0.47%	Jan 25, 2010	AWF vs ANBIX
ALCAX	AB Municipal Income Fund California Portfolio	Municipal Bonds	43	-0.59%	Dec 28, 1986	AWF vs ALCAX
CHCLX	AB Discovery Growth Fund	Mid Cap Growth Equities	17	-8.44%	Jul 7, 1938	AWF vs CHCLX
AWPAX	AB Sustainable International Thematic Fund	Foreign Large Cap Equities	9	-8.31%	Jun 1, 1994	AWF vs AWPAX
HYT	BlackRock Corporate High Yield Fund	High Yield Bonds	4	-1.69%	May 30, 2003	AWF vs HYT
SCRZX	AB Small Cap Core Portfolio	Small Cap Blend Equities	33	-2.23%	Dec 29, 2015	AWF vs SCRZX
WPSGX	AB Concentrated Growth Fund	Large Cap Growth Equities	3	-12.47%	Feb 28, 1994	AWF vs WPSGX

Compare AWF with Any Fund or Stock

Compare AWF with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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AllianceBernstein Global High Income Closed Fund

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