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August 10, 2018.  AWF is ON SALE.  And that is when you buy.

This closed end fund is trading at a 13% discount to its NAV. The bonds are selling for 87 cents on the dollar. As described below, the majority of the bonds are foreign.

The technicals look great, with momentum moving UP.  Pays over 7%.  BUY.

FUND DESCRIPTION: AllianceBernstein Global High Income Fund, Inc., formerly the Alliance World Dollar Government Fund II Inc., is an exchange-traded closed-end fund or a closed-end ETF which is officially described as a non-diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The Fund’s investment objective is to seek high current income and secondarily, capital appreciation. FUND STRATEGY: To achieve this objective, it invests primarily in high yielding, high risk sovereign debt and U.S. corporate fixed-income obligations that they expect to benefit from improving economic and credit fundamentals. Under normal circumstances, the Fund will invest at least 65% of its total assets in sovereign debt obligations issued or guaranteed by foreign governments. Up to 35% of the Fund’s investments may be comprised of high-yielding, high-risk fixed-income securities issued by U.S. corporations. FUND MANAGEMENT: The Fund’s Advisor is AllianceBernstein L.P. and the Fund is managed by AllianceBernstein Investor Services Inc., a subsidiary of AllianceBernstein Holding L.P. (NYSE: AB).

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