AllianceBernstein Fund Q4 Assets Dip to $963M, Posts $24.4M Loss
AWF•AllianceBernstein Global High Income Fund reported Q4 net assets of $963.4 million, down from $985.2 million in the prior quarter, and NAV per share of $11.17. For the period, net investment income reached $15.3 million ($0.18 per share) while net realized and unrealized losses totaled $24.4 million ($0.28 per share).
1. Assets and NAV Movement
AllianceBernstein Global High Income Fund closed Q4 with net assets of $963.4 million, down 2.2% from $985.2 million in the prior quarter, and NAV per share declined to $11.17 from $11.43.
2. Investment Income Performance
The fund generated net investment income of $15.3 million, or $0.18 per share, slightly above the $15.1 million ($0.17 per share) recorded in the prior quarter.
3. Realized and Unrealized Loss Drivers
Net realized and unrealized losses totaled $24.4 million, or $0.28 per share, compared with a $1.8 million loss in the preceding quarter and a $10.9 million loss in the year-ago period.
4. Fund Management and Distributions
Shares outstanding remained unchanged at 86.2 million, with distributions steady at $0.18 per share, under continued management by AllianceBernstein L.P.
