Jennifer Friedland
About Jennifer Friedland
Jennifer Friedland (age 50) is Chief Compliance Officer (CCO) of AllianceBernstein Global High Income Fund, Inc. (AWF) since January 2023; she is a Vice President of the Adviser (AllianceBernstein L.P.) since 2020 and serves as Mutual Fund CCO (all AB Funds since Jan 2023; AB ETF Funds since 2022). Previously, she was CCO at WestEnd Advisors, LLC (2013–2019) . As an officer of the Fund, she is an employee of the Adviser and appears in the Fund’s proxy among “Officers of the Funds,” not as a director .
Fund performance context during her tenure (illustrative NAV/price total returns; CCO roles do not drive portfolio results):
- Average annual returns as of 9/30/2024: NAV 1Y 17.70%, 5Y 4.96%, 10Y 5.49%; Market Price 1Y 26.32%, 5Y 6.69%, 10Y 6.34% .
- Recent NAV and net assets progression (older→newer) shown below.
| Metric | Dec 31, 2024 | Mar 31, 2025 | Jun 30, 2025 |
|---|---|---|---|
| Total Net Assets ($) | $978,431,163 | $966,409,431 | $983,263,245 |
| NAV per Share ($) | $11.35 | $11.21 | $11.40 |
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| AllianceBernstein L.P. (Adviser) | Vice President; Mutual Fund CCO (all AB Funds since Jan-2023); ETF Funds CCO since 2022 | 2020–present (VP); 2022–present (ETF CCO); 2023–present (MF CCO) | Not disclosed in proxy |
| WestEnd Advisors, LLC | Chief Compliance Officer | 2013–2019 | Not disclosed in proxy |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| — | — | — | None disclosed in Fund filings reviewed |
Fixed Compensation
- The Fund’s proxy discloses director compensation only; it does not include an officer compensation table. AWF officers (including Ms. Friedland) are listed as employees of the Adviser; the proxy contains detailed “Board Compensation” tables for directors, but no officer base salary/bonus/benefits details .
Performance Compensation
| Component | Metric(s) | Weighting | Target | Actual/Payout | Vesting |
|---|---|---|---|---|---|
| Annual incentive | Not disclosed | — | — | — | — |
| RSUs/PSUs | Not disclosed | — | — | — | — |
| Stock options | Not disclosed | — | — | — | — |
- No officer performance-metric linkages (revenue/EBITDA/TSR/ESG) are disclosed for Fund officers in the proxy .
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Individual beneficial ownership | Not disclosed for Ms. Friedland in proxy tables . |
| Directors and officers as a group | Owned less than 1% of Fund shares as of Feb 3, 2025 . |
| Ownership as % of SO | Not disclosed for Ms. Friedland . |
| Vested vs. unvested shares | Not disclosed . |
| Options (exercisable/unexercisable) | Not disclosed . |
| Shares pledged/hedged | Not disclosed . |
| Stock ownership guidelines | Not disclosed for officers . |
| Compliance with guidelines | Not disclosed . |
Employment Terms
| Term | Detail |
|---|---|
| Current role start | Chief Compliance Officer since Jan 2023 . |
| Employment agreement | Not disclosed in Fund proxy (officers are employees of the Adviser) . |
| Severance/change-of-control | Not disclosed . |
| Clawbacks/tax gross-ups | Not disclosed . |
| Non-compete/non-solicit | Not disclosed . |
| Deferred comp/pension/SERP | Not disclosed . |
| Perquisites | Not disclosed . |
Additional Fund Performance Reference
| Return Measure (as of 9/30/2024) | 1 Year | 5 Years | 10 Years |
|---|---|---|---|
| NAV total return | 17.70% | 4.96% | 5.49% |
| Market price total return | 26.32% | 6.69% | 6.34% |
Notes on Governance Context
- Officers of the Fund are listed with their primary roles at the Adviser (e.g., “Vice President of the Adviser”), reflecting that compensation and employment terms generally reside with the Adviser; the proxy highlights board committees and director pay but omits officer pay detail .
- As of the record dates reviewed, directors/officers (as a group) held <1% of shares, indicating limited reported insider ownership at the Fund level .
Investment Implications
- Pay-for-performance and retention visibility: There is no officer compensation disclosure (base/bonus/equity, metrics, vesting, severance/CoC), limiting insight into incentive alignment or retention risk for Ms. Friedland. As Fund officers are Adviser employees, compensation levers likely follow AllianceBernstein corporate policies rather than Fund-specific TSR/NAV metrics .
- Insider selling pressure: No officer-level ownership or vesting schedules are disclosed for Ms. Friedland; group ownership <1% suggests limited mechanical selling pressure from officer equity at the Fund level .
- Trading signals: As compliance leadership, her role is not a driver of portfolio allocation or returns; absent 8‑K/Item 5.02-type events, officer changes at a CEF are typically weak trading catalysts relative to portfolio/market factors. Monitor Fund reports for performance/NAV discount changes and any officer departure/appointment filings for potential governance signals .