BlackRock Enhanced Capital and Income Fund vs AllianceBernstein Global High Income Fund

This page compares BlackRock Enhanced Capital and Income Fund and AllianceBernstein Global High Income Fund Inc, examining business models, financial performance, and market context in a neutral, accessible way. Educational content, not financial advice.

Comparison Snapshot

Key Financial Metrics

CII

Metric

AWF

$941.52M

Market Cap

$906.27M

N/A

Potential Profit

N/A

Analyst Rating

N/A

Investment Analysis

BlackRock Enhanced Capital and Income Fund

CII

Pros

Recently increased its monthly distribution significantly, reflecting strong financial health and effective investment strategy.
Has delivered robust NAV and market price total returns over 1, 3, and 5 years, showing consistent performance.
Employs an active options writing strategy that provides flexibility to generate income while participating in equity market gains.

Considerations

Distribution sustainability may face challenges as the fund has distributed more than its income and realized gains in the current fiscal year.
Trades with a notable premium/discount volatility, potentially leading to valuation uncertainty for investors.
Its beta of -0.19 indicates a low correlation with the broader market, which may limit upside participation in strong bull markets.

AllianceBernstein Global High Income Fund

AWF

Pros

Invests globally across fixed income sectors, focusing on lower-rated corporate debt and government bonds for high income.
Maintains a relatively stable dividend with a current yield around 7%, attractive for income investors.
Has meaningful institutional insider ownership, indicating some confidence from professional investors in its long-term prospects.

Considerations

Lacks extensive analyst coverage and publicly available forward-looking valuation metrics, reducing transparency.
Exhibits a beta of 0.74, indicating higher sensitivity to market fluctuations compared to BlackRock Enhanced Capital and Income Fund.
Investments in lower-rated debt pose higher credit risk and potential vulnerability during economic downturns.

About The Companies

BlackRock Enhanced Capital and Income Fund (CII)

BlackRock Enhanced Capital and Income Fund Inc (CII) is a closed-end investment fund that seeks to provide investors with a combination of current income and capital growth. Managed by BlackRock Advisors, LLC, the fund invests in a diversified portfolio of shares from both US and international companies. A key part of its strategy involves selling (or 'writing') call and put options on its portfolio holdings. This options strategy is designed to generate additional income, known as premiums, on top of any dividends received from the shares it owns. The fund spreads its investments across various sectors, including information technology, healthcare, and financials, aiming for broad market exposure. As with any investment, the value of the fund and the income it generates can fluctuate, and returns are not guaranteed. It may be of interest to investors seeking a professionally managed vehicle that combines equity exposure with an income-enhancement strategy.

AllianceBernstein Global High Income Fund (AWF)

AllianceBernstein Global High Income Fund Inc. is a closed-end investment fund that trades on the stock market. Its main goal is to generate a high level of current income for its investors, with capital appreciation as a secondary objective. To achieve this, the fund invests in a diverse portfolio of debt securities from around the world. This includes corporate bonds from both US and international companies, as well as government bonds from developed and emerging market countries. The fund primarily focuses on higher-yielding, lower-rated bonds, sometimes known as 'high-yield' bonds, but can also hold investment-grade and unrated debt. This global, multi-sector approach gives investors exposure to a broad slice of the global credit market. As with any investment, targeting higher yields involves taking on greater risk, and the value of the fund can go down as well as up.

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Trusted & Regulated

Part of Exinity Group 2015, serving over a million customers globally.

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6% Interest on Cash

Earn 6% AER on uninvested cash with daily interest payments.

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Comparison Snapshot

Investment Analysis

BlackRock Enhanced Capital and Income Fund

Pros

Considerations

AllianceBernstein Global High Income Fund

Pros

Considerations

About The Companies

Buy CII or AWF in Nemo

Zero Commission

Trusted & Regulated

6% Interest on Cash

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Frequently asked questions

Comparison Snapshot

About The Companies

BlackRock Enhanced Capital and Income Fund vs AllianceBernstein Global High Income Fund

Comparison Snapshot

Investment Analysis

BlackRock Enhanced Capital and Income Fund

Pros

Considerations

AllianceBernstein Global High Income Fund

Pros

Considerations

About The Companies

Buy CII or AWF in Nemo

Zero Commission

Trusted & Regulated

6% Interest on Cash

Discover More Comparisons

BlackRock Enhanced Capital and Income Fund vs Encore Capital

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Frequently asked questions

What is the difference between a fund’s distribution and its income?

How should I interpret beta when comparing these two funds?

What does an active options writing strategy imply for a fund like Stock A?

How should I compare the long-term performance of the two funds?

What concerns should I consider about distribution sustainability for Stock A?

What are the main income characteristics of Stock B?

How does premium/discount volatility affect valuation for these funds?

Why is the investment focus on different credit qualities relevant for the two funds?

How should an investor use this comparison page in decision-making?

What should I do with the information about both funds’ pros and cons?

What does active management imply for risk and return?

Comparison Snapshot

About The Companies