AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, Sept. 25, 2012 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of August 31, 2012.
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AllianceBernstein Global High Income Fund, Inc. | |
|
Top 10 Fixed Income Holdings |
|
|
Portfolio % | |
|
1) U.S. Treasury Bonds 3.125%, 2/15/42 |
3.25% |
|
2) Russian Agricultural Bank OJSC Via RSHB Capital |
0.98% |
|
SA 7.75%, 5/29/18 |
|
|
3) Gazprom OAO Via Gaz Capital SA 6.51%, 3/07/22 |
0.96% |
|
4) Republic of Brazil 12.50%, 1/05/22 |
0.95% |
|
5) Argentina Bonos 7.00%, 10/03/15 |
0.86% |
|
6) Ivory Coast Government International Bond |
0.72% |
|
3.75%, 12/31/32 |
|
|
7) Dominican Republic International Bond 8.625%, 4/20/27 |
0.69% |
|
8) Turkey Government Bond 9.00%, 1/27/16 |
0.63% |
|
9) Morgan Stanley Capital I Series 2006-IQ12, |
0.59% |
|
Class AM 5.37%, 12/15/43 |
|
|
10) El Salvador Government International Bond |
0.57% |
|
7.65%, 6/15/35 |
|
|
Fixed Income Holdings by Security Type |
|
|
Portfolio % | |
|
Corporates - Non-Investment Grades |
|
|
Industrial |
|
|
Consumer Non-Cyclical |
7.11% |
|
Capital Goods |
6.17% |
|
Energy |
4.77% |
|
Communications - Media |
4.26% |
|
Technology |
4.03% |
|
Consumer Cyclical - Other |
3.82% |
|
Communications - Telecommunications |
3.44% |
|
Basic |
3.40% |
|
Services |
1.81% |
|
Consumer Cyclical - Automotive |
1.78% |
|
Consumer Cyclical - Retailers |
1.54% |
|
Other Industrial |
1.37% |
|
Transportation - Services |
0.80% |
|
Consumer Cyclical - Entertainment |
0.71% |
|
Transportation - Airlines |
0.55% |
|
Consumer Cyclical - Restaurants |
0.27% |
|
Transportation - Railroads |
0.03% |
|
SUBTOTAL |
45.86% |
|
Financial Institutions |
|
|
Banking |
1.59% |
|
Finance |
1.19% |
|
Other Finance |
0.71% |
|
Insurance |
0.60% |
|
Brokerage |
0.38% |
|
REITS |
0.16% |
|
SUBTOTAL |
4.63% |
|
Utility |
|
|
Electric |
1.89% |
|
Natural Gas |
0.98% |
|
SUBTOTAL |
2.87% |
|
SUBTOTAL |
53.36% |
|
Corporates - Investment Grades |
|
|
Financial Institutions |
|
|
Insurance |
2.30% |
|
Banking |
1.53% |
|
Other Finance |
0.46% |
|
Finance |
0.41% |
|
REITS |
0.33% |
|
Brokerage |
0.10% |
|
SUBTOTAL |
5.13% |
|
Industrial |
|
|
Basic |
1.36% |
|
Energy |
0.38% |
|
Consumer Cyclical - Other |
0.31% |
|
Other Industrial |
0.25% |
|
Communications - Telecommunications |
0.18% |
|
Capital Goods |
0.11% |
|
Consumer Cyclical - Retailers |
0.09% |
|
Transportation - Airlines |
0.07% |
|
SUBTOTAL |
2.75% |
|
Non Corporate Sectors |
|
|
Agencies - Not Government Guaranteed |
1.86% |
|
SUBTOTAL |
1.86% |
|
Utility |
|
|
Electric |
0.15% |
|
SUBTOTAL |
0.15% |
|
SUBTOTAL |
9.89% |
|
Governments - Treasuries |
|
|
Treasuries |
5.78% |
|
SUBTOTAL |
5.78% |
|
Emerging Markets - Sovereigns |
4.89% |
|
Commercial Mortgage-Backed Securities |
|
|
Non-Agency Fixed Rate CMBS |
2.96% |
|
Non-Agency Floating Rate CMBS |
0.75% |
|
SUBTOTAL |
3.71% |
|
Emerging Markets - Corporate Bonds |
|
|
Industrial |
|
|
Basic |
1.08% |
|
Communications - Media |
0.53% |
|
Consumer Cyclical - Other |
0.51% |
|
Consumer Non-Cyclical |
0.35% |
|
Other Industrial |
0.33% |
|
Communications - Telecommunications |
0.22% |
|
Transportation - Services |
0.14% |
|
Technology |
0.13% |
|
Energy |
0.10% |
|
Consumer Cyclical - Retailers |
0.08% |
|
SUBTOTAL |
3.47% |
|
Financial Institutions |
|
|
Other Finance |
0.14% |
|
Banking |
0.03% |
|
SUBTOTAL |
0.17% |
|
Utility |
|
|
Electric |
0.03% |
|
SUBTOTAL |
0.03% |
|
SUBTOTAL |
3.67% |
|
Collateralized Mortgage Obligations |
|
|
Non-Agency Floating Rate |
2.32% |
|
Non-Agency Fixed Rate |
1.16% |
|
SUBTOTAL |
3.48% |
|
Emerging Markets - Treasuries |
2.96% |
|
Bank Loans |
|
|
Industrial |
|
|
Consumer Cyclical - Automotive |
0.48% |
|
Technology |
0.41% |
|
Consumer Cyclical - Other |
0.31% |
|
Basic |
0.20% |
|
Communications - Media |
0.19% |
|
Consumer Non-Cyclical |
0.17% |
|
Consumer Cyclical - Entertainment |
0.13% |
|
Other Industrial |
0.11% |
|
Consumer Cyclical - Retailers |
0.10% |
|
Energy |
0.09% |
|
Services |
0.07% |
|
SUBTOTAL |
2.26% |
|
Financial Institutions |
|
|
Finance |
0.23% |
|
SUBTOTAL |
0.23% |
|
Utility |
|
|
Electric |
0.09% |
|
SUBTOTAL |
0.09% |
|
Non Corporate Sectors |
|
|
Foreign Local Government - Municipal |
0.08% |
|
SUBTOTAL |
0.08% |
|
SUBTOTAL |
2.66% |
|
Quasi-Sovereigns |
|
|
Quasi-Sovereign Bonds |
2.42% |
|
SUBTOTAL |
2.42% |
|
Asset-Backed Securities |
|
|
Home Equity Loans - Fixed Rate |
0.88% |
|
Home Equity Loans - Floating Rate |
0.23% |
|
SUBTOTAL |
1.11% |
|
Preferred Stocks |
|
|
Financial Institutions |
0.90% |
|
Non Corporate Sectors |
0.01% |
|
SUBTOTAL |
0.91% |
|
Supranationals |
0.60% |
|
Local Governments - Regional Bonds |
0.57% |
|
Governments - Sovereign Agencies |
0.44% |
|
Inflation-Linked Securities |
0.41% |
|
Governments - Sovereign Bonds |
0.40% |
|
Local Governments - Municipal Bonds |
0.40% |
|
Common Stocks |
0.19% |
|
Options Purchased - Puts |
|
|
Options on Funds and Investment Trusts |
0.03% |
|
SUBTOTAL |
0.03% |
|
Short-Term Investments |
|
|
Investment Companies |
1.96% |
|
Governments - Sovereign Bonds |
0.16% |
|
Total Fixed Income |
100.00% |
|
Country Breakdown |
|
|
Portfolio % | |
|
United States |
64.39% |
|
Russia |
4.44% |
|
Brazil |
3.78% |
|
United Kingdom |
2.63% |
|
Argentina |
1.73% |
|
Luxembourg |
1.51% |
|
Netherlands |
1.18% |
|
Dominican Republic |
1.18% |
|
Germany |
1.03% |
|
South Africa |
1.02% |
|
Canada |
1.02% |
|
Turkey |
0.90% |
|
El Salvador |
0.83% |
|
Indonesia |
0.78% |
|
Switzerland |
0.76% |
|
Cote D'Ivoire |
0.72% |
|
Mexico |
0.71% |
|
Ireland |
0.69% |
|
Hungary |
0.67% |
|
Ukraine |
0.63% |
|
Peru |
0.61% |
|
Supranational |
0.60% |
|
Italy |
0.58% |
|
India |
0.58% |
|
United Arab Emirates |
0.52% |
|
Colombia |
0.49% |
|
Kazakhstan |
0.48% |
|
France |
0.48% |
|
Spain |
0.46% |
|
Croatia |
0.42% |
|
Uruguay |
0.41% |
|
Portugal |
0.39% |
|
Chile |
0.36% |
|
Barbados |
0.32% |
|
Japan |
0.30% |
|
Philippines |
0.27% |
|
Hong Kong |
0.25% |
|
Ghana |
0.25% |
|
Serbia |
0.24% |
|
Australia |
0.22% |
|
Norway |
0.22% |
|
Trinidad & Tobago |
0.15% |
|
China |
0.15% |
|
Singapore |
0.13% |
|
Czech Republic |
0.12% |
|
Bermuda |
0.10% |
|
Lithuania |
0.09% |
|
Denmark |
0.08% |
|
Austria |
0.07% |
|
Virgin Islands (BVI) |
0.06% |
|
Total Investments |
100.00% |
|
Net Currency Exposure Breakdown |
|
|
Portfolio % | |
|
United States Dollar |
99.28% |
|
South African Rand |
0.95% |
|
Brazilian Real |
0.78% |
|
New Turkish Lira |
0.73% |
|
Dominican Peso |
0.53% |
|
Russian Rubles |
0.47% |
|
Uruguayan Peso |
0.44% |
|
Philippine Peso |
0.29% |
|
Chilean Peso |
0.24% |
|
Colombian Peso |
0.23% |
|
Hungarian Forint |
0.10% |
|
Great British Pound |
0.04% |
|
Australian Dollar |
0.03% |
|
Indonesian Rupiah |
0.02% |
|
Canadian Dollar |
-0.01% |
|
Japanese Yen |
-0.95% |
|
Euro |
-3.17% |
|
Total Investments |
100.00% |
|
Credit Quality Breakdown |
|
|
Portfolio % | |
|
AAA |
4.70% |
|
AA |
0.61% |
|
A |
6.95% |
|
BBB |
16.78% |
|
BB |
24.39% |
|
B |
30.80% |
|
CCC |
10.23% |
|
CC |
0.56% |
|
C |
0.03% |
|
D |
0.30% |
|
Not Rated |
2.53% |
|
Short Term Investments |
2.12% |
|
Total Investments |
100.00% |
|
Portfolio Statistics: |
|
|
Average Coupon: |
8.44% |
|
Average Bond Price: |
N/A |
|
Percentage of Leverage: |
|
|
Bank Borrowing: |
0.00% |
|
Investment Operations: |
8.24%* |
|
Preferred Stock: |
0.00% |
|
Tender Option Bonds: |
0.00% |
|
Term Asset-Backed Loans Facility (TALF): |
0.00% |
|
Total Fund Leverage: |
8.24% |
|
Average Maturity: |
6.94 Years |
|
Effective Duration: |
4.23 Years |
|
Total Net Assets: |
$1,297.81 Million |
|
Net Asset Value: |
$15.13 |
|
Number of Holdings: |
869 |
|
Portfolio Turnover: |
26% |
* Investment Operations may include the use of certain portfolio management techniques such as credit default swaps, dollar rolls, negative cash, reverse repurchase agreements and when-issued securities.
The foregoing portfolio characteristics are as of the date indicated and can be expected to change. The Fund is a closed-end U.S.-registered management investment company advised by AllianceBernstein L. P.
SOURCE AllianceBernstein Global High Income Fund, Inc.
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