AllianceBernstein Global High Income Fund, Inc. (formerly Alliance World Dollar Government Fund II)
AllianceBernstein Global High Income Fund, Inc. (AWF) (formerly Alliance World Dollar Government Fund II) primarily seeks high current income, and secondarily-capital appreciation. The Fund invests, without limit, in securities denominated in non-U.S. currencies as well as those denominated in the U.S. dollar. The Fund may also invest, without limit, in sovereign debt securities issued by emerging and developed nations and in debt securities of U.S. and non-U.S. corporate issuers. The Fund may invest substantially all of its assets in high yield, below investment grade, bonds.
AWF pays a monthly dividend of $.10 a share, near 10% annual dividend. The fund not only invests in U.S. high dividend stocks, but also globally, allowing the investor to own a percentage of high dividend foreign stocks that otherwise would not be available in the NYSE.
Effective September 25, 2009, the Fund acquired the ACM Managed Dollar Income Fund.
Daily Pricing (as of 10/6/2011 )
NAV ($) Change ($) Market
Price ($) YTD NAV Expenses
Net of Waivers/
ments (%) Expenses
ments (%) As of Date
High (date) Low (date)
13.56 0.11 13.40 15.72 (5/3/2011) 13.45 (10/5/2011) 0.97 0.97 3/31/2011
For all non-tax managed Wealth Strategy and Retirement Strategy Funds and the Blended Style U.S. Large Cap Portfolio the expenses shown include the total operating expenses of the funds and the estimated indirect expenses of the funds' Underlying Portfolios, as based upon the allocation of each Strategy's assets among the Underlying Portfolios and may be higher or lower than those shown.
Net of Waiver Fees reflect the Adviser's contractual waiver of a portion of its advisory fee and/or reimbursement of a portion of the Fund's operating expenses. This waiver extends through the Fund's current fiscal year and may be extended by the Adviser for additional one-year terms. Absent reimbursements or waivers, performance would have been lower.
Month-End | Quarter-End
Description (as of 10/6/2011 ) Annualized (as of 9/30/2011 ) Inc. Date
MTD YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs Since Inc.
NAV: - - -0.40 16.85 10.17 14.53 12.30 7/28/1993
Market: - - -4.62 21.93 11.36 13.55 11.46 7/28/1993
The performance shown represents past performance and does not guarantee future results. Current performance may be lower or higher than the performance information shown. Fund returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Fund returns reflect reinvestment of dividends and/or capital gains distributions in additional shares.
Fund returns are annualized for periods longer than one year. The net asset value (NAV) price is the value of one share of the Fund as of the date listed. The NAV does not take into account any sales charges that may apply when shares are purchased or redeemed; if sales charges were reflected, the Fund's quoted performance would be lower. The NAV change is the change in value of one share of the Portfolio from the prior day's value.
The Market Price is the price at which a Fund's shares are traded on an exchange. Because a closed-end exchange-traded fund's shares trade in the stock market based on investor demand, the fund may trade at a price higher or lower than its NAV. An investment in the Fund is subject to investment risk, including the possible loss of the entire principal amount that you invest. Your investment in a Fund's shares represents an indirect investment in the securities owned by the Fund, substantially all of which are traded on a national securities exchange or in the over-the-counter markets. The value of these securities, like other market investments, may move up or down, sometimes unpredictably. Your exchange-traded shares at any point in time may be worth less than your original investment, even after taking into account the reinvestment of Fund dividends and distributions.
Risks: Because each Fund pursues its own unique investment objectives, each Fund has its own set of risks. While the equity Funds invest principally in common stocks and other equity securities and the fixed income Funds invest principally in bonds and other fixed income securities, in order to achieve their investment objectives, the Funds may at times use certain types of investment derivatives, such as options, futures, forwards and swaps. These instruments involve risks different from, and in certain cases, greater than, the risks presented by more traditional investments. For Funds that can invest in foreign securities, which may include emerging markets securities, risks may be magnified due to changes in foreign exchange rates and the possibility of substantial volatility due to political and economic uncertainties in foreign countries.
Investors should consider the investment objectives, risks, charges and expenses of the Fund/Portfolio carefully before investing. For copies of our prospectus or summary prospectus, which contain this and other information, click here or contact your AllianceBernstein Investments representative. Please read the prospectus and/or summary prospectus carefully before investing.
AllianceBernstein mutual funds may be offered only to persons in the United States and by way of a prospectus. This website should not be considered a solicitation or offering of any investment products or services to investors residing outside of the United States.
AllianceBernstein Investments, Inc. is an affiliate of AllianceBernstein L.P., the manager of the funds, and is a member of FINRA.
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