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 a closer substitute for your current allocation.
Cheapest Alternatives to AWF
AWF charges 1.00% annually. There are 132 mutual funds in the High Yield Bonds category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes High-Yield Strategy Portfolio | 0.02% | — | Dec 2008 | AWF vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.12% | 25.80B | Nov 2001 | AWF vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | AWF vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.22% | 25.80B | Dec 1978 | AWF vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | — | Nov 2020 | AWF vs CRDOX |
Best Risk-Adjusted Alternatives to AWF
AWF has a PortfoliosLab risk / return rank of 3. There are 186 mutual funds in the High Yield Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 100 | — | Dec 2014 | AWF vs XILSX | |
| Cliffwater Corporate Lending Fund | 100 | — | Mar 2019 | AWF vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | — | Sep 2010 | AWF vs RPHIX | |
| Chartwell Short Duration High Yield Fund | 97 | — | Jul 2014 | AWF vs CWFIX | |
| Penn Capital Short Duration High Income Fund | 97 | — | Jul 2017 | AWF vs PSHNX |
Top Performing AWF Alternatives (YTD)
AWF is at -1.22% YTD. There are 186 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 9.42%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 9.42% | — | Dec 2014 | AWF vs XILSX | |
| Fairholme Focused Income Fund | 8.79% | — | Dec 2009 | AWF vs FOCIX | |
| Fidelity Capital & Income Fund | 7.46% | — | Nov 1977 | AWF vs FAGIX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 6.76% | — | Oct 2018 | AWF vs FIQTX | |
| Fidelity Advisor High Income Advantage Fund Class ... | 6.70% | — | Jul 1995 | AWF vs FAHCX |
Lowest Volatility Alternatives to AWF
AWF has 8.87% 1-year volatility. There are 183 mutual funds in the High Yield Bonds category with lower 1-year volatility, going as low as 0.85%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | 0.85% | — | Sep 2010 | AWF vs RPHIX | |
| Cliffwater Corporate Lending Fund | 0.85% | — | Mar 2019 | AWF vs CCLFX | |
| Chartwell Short Duration High Yield Fund | 1.50% | — | Jul 2014 | AWF vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.63% | — | Oct 2012 | AWF vs SCFIX | |
| Osterweis Strategic Income Fund | 1.70% | — | Aug 2002 | AWF vs OSTIX |
Lowest Drawdown Alternatives to AWF
AWF has a 1-year max drawdown of -10.19%. There are 184 mutual funds in the High Yield Bonds category with shallower 1-year drawdowns, going as shallow as -0.10%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | -0.10% | — | Sep 2010 | AWF vs RPHIX | |
| Cliffwater Corporate Lending Fund | -0.19% | — | Mar 2019 | AWF vs CCLFX | |
| Pioneer ILS Interval Fund | -0.21% | — | Dec 2014 | AWF vs XILSX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | AWF vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | AWF vs SCFIX |
Other Mutual Funds from AllianceBernstein
The 10 most viewed AllianceBernstein mutual funds shown here include APGAX, APGYX, APGZX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| AB Large Cap Growth Fund Class A | Large Cap Growth Equities | 11 | 4.57% | — | Oct 1996 | AWF vs APGAX | |
| AB Large Cap Growth Fund Advisor Class | Large Cap Growth Equities | 11 | 4.71% | — | Jan 1996 | AWF vs APGYX | |
| AB Large Cap Growth Fund Class Z | Large Cap Growth Equities | 12 | 4.76% | — | Jul 2015 | AWF vs APGZX | |
| AB Growth Fund | Large Cap Growth Equities | 12 | 6.56% | — | Sep 1990 | AWF vs AGRFX | |
| AB Municipal Income Shares | High Yield Muni | 80 | 2.54% | — | Aug 2010 | AWF vs MISHX | |
| AB High Income Fund | High Yield Bonds | 71 | 2.18% | — | Feb 1994 | AWF vs AGDAX | |
| AB Sustainable Global Thematic Fund | Global Equities | 5 | 3.78% | — | Feb 1982 | AWF vs ALTFX | |
| AB Small Cap Growth Portfolio | Small Cap Growth Equities | 32 | 21.46% | — | Feb 1969 | AWF vs QUASX | |
| AB Income Fund | Intermediate Core-Plus Bond | 17 | 0.08% | — | Aug 1987 | AWF vs ACGYX | |
| AB High Income Municipal Portfolio | High Yield Muni | 73 | 2.82% | — | Jan 2010 | AWF vs ABTYX |
Often Compared With AWF
Investors most often compare AWF with GHY, VWOB, ANBIX. These 20 comparison targets span 18 categories, based on PortfoliosLab usage data.
Compare AWF with Any Fund or Stock
Compare AWF with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair AWF with funds that move differently
AllianceBernstein Global High Income Closed Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to AWF.
Explore AWF Diversifiers