AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update

Sep 25, 2012, 16:06 ET from AllianceBernstein Global High Income Fund, Inc.

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.


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.