AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update

Oct 31, 2012, 16:05 ET from AllianceBernstein Global High Income Fund, Inc.

NEW YORK, Oct. 31, 2012 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of September 30, 2012.

AllianceBernstein Global High Income Fund, Inc.




Top 10 Fixed Income Holdings



Portfolio %

1) U.S. Treasury Bonds 3.125%, 11/15/41 - 2/15/42       

3.55%

2) Republic of Brazil 12.50%, 1/05/22           

0.94%

3) Russian Agricultural Bank OJSC Via RSHB Capital      

0.93%

SA  7.75%, 5/29/18


4) Gazprom OAO Via Gaz Capital SA 6.51%, 3/07/22      

0.91%

5) Argentina Bonos 7.00%, 10/03/15                

0.88%

6) Ivory Coast Government International Bond         

0.72%

3.75%, 12/31/32


7) Dominican Republic International Bond 8.625%,       

0.64%

4/20/27


8) Turkey Government Bond 9.00%, 1/27/16       

0.60%

9) El Salvador Government International Bond          

0.53%

7.65%, 6/15/35


10) South Africa Government Bond Series R207 7.25%,     

0.52%

1/15/20


 

Fixed Income Holdings by Security Type


Portfolio %

Corporates - Non-Investment Grades

Industrial

Consumer Non-Cyclical              

7.10%

Capital Goods                   

5.87%

Energy                     

4.57%

Communications - Media                  

4.20%

Technology                       

3.72%

Consumer Cyclical - Other            

3.61%

Basic                     

3.46%

Communications - Telecommunications         

3.17%

Consumer Cyclical - Automotive          

1.70%

Services                       

1.62%

Consumer Cyclical - Retailers           

1.42%

Other Industrial                      

1.32%

Transportation - Services              

0.86%

Consumer Cyclical - Entertainment          

0.68%


Transportation - Airlines             

0.52%

Consumer Cyclical - Restaurants          

0.25%

Transportation - Railroads            

0.03%

SUBTOTAL                              

44.10%

Financial Institutions

Banking                          

1.70%

Finance                         

1.09%

Other Finance                 

0.76%

Insurance                     

0.64%

Brokerage                       

0.24%

REITS                             

0.16%

SUBTOTAL                       

4.59%

Utility

Electric                      

1.79%

Natural Gas                

0.93%

SUBTOTAL                       

2.72%

SUBTOTAL                          

51.41%

Corporates - Investment Grades

Financial Institutions

Insurance                      

2.13%

Banking                        

1.45%

Other Finance                  

0.44%

Finance                      

0.39%

REITS                      

0.32%

Brokerage                   

0.09%

SUBTOTAL                       

4.82%

Industrial

Basic                         

1.37%

Energy                        

0.43%

Consumer Cyclical - Other             

0.30%

Other Industrial                  

0.24%

Communications - Telecommunications       

0.17%

Capital Goods              

0.10%

Consumer Cyclical - Retailers           

0.09%

Transportation - Airlines          

0.07%

SUBTOTAL                       

2.77%

Non Corporate Sectors

Agencies - Not Government Guaranteed       

1.76%

SUBTOTAL                     

1.76%

Utility

Electric                          

0.14%

SUBTOTAL                       

0.14%

SUBTOTAL                         

9.49%

Governments - Treasuries

Treasuries                                

8.87%

SUBTOTAL                              

8.87%

Emerging Markets - Sovereigns                 

4.82%

Collateralized Mortgage Obligations

Non-Agency Floating Rate             

2.15%

Non-Agency Fixed Rate             

1.62%

SUBTOTAL                              

3.77%


 

Emerging Markets - Corporate Bonds
     Industrial

Basic                          

1.03%

Consumer Cyclical - Other             

0.54%

Communications - Media                

0.52%

Consumer Non-Cyclical                

0.36%

Other Industrial                   

0.32%

Technology                        

0.23%

Communications - Telecommunications         

0.21%

Transportation - Services          

0.13%

Energy                  

0.09%

Consumer Cyclical - Retailers              

0.08%

Capital Goods                

0.01%

SUBTOTAL                             

3.52%

Financial Institutions

Other Finance                      

0.14%

Banking                       

0.03%

SUBTOTAL                       

0.17%

Utility

Electric                      

0.03%

SUBTOTAL                     

0.03%

SUBTOTAL                      

3.72%

Commercial Mortgage-Backed Securities

Non-Agency Fixed Rate CMBS              

2.57%

Non-Agency Floating Rate CMBS            

0.45%

SUBTOTAL                           

3.02%

Emerging Markets - Treasuries               

2.84%

Bank Loans

Industrial

Consumer Cyclical - Automotive           

0.42%

Technology                    

0.35%

Consumer Non-Cyclical            

0.26%

Consumer Cyclical - Other             

0.21%

Basic                         

0.19%

Other Industrial                      

0.19%

Communications - Media                 

0.17%

Consumer Cyclical - Entertainment         

0.12%

Capital Goods              

0.09%

Energy                     

0.08%

Services                       

0.07%

Consumer Cyclical - Retailers           

0.06%

SUBTOTAL                     

2.21%

Financial Institutions

Finance                          

0.21%

SUBTOTAL                      

0.21%

Non Corporate Sectors

Foreign Local Government - Municipal      

0.09%

SUBTOTAL                        

0.09%

Utility

Electric                       

0.08%

SUBTOTAL                         

0.08%


SUBTOTAL                           

2.59%

Quasi-Sovereigns

Quasi-Sovereign Bonds                 

2.30%

SUBTOTAL                          

2.30%

Asset-Backed Securities

Home Equity Loans - Fixed Rate          

0.85%

Home Equity Loans - Floating Rate          

0.25%

SUBTOTAL                             

1.10%

Preferred Stocks

Financial Institutions               

0.86%

SUBTOTAL                      

0.86%

Supranationals                        

0.58%

Local Governments - Regional Bonds              

0.57%

Governments - Sovereign Agencies              

0.42%

Inflation-Linked Securities                

0.40%

Local Governments - Municipal Bonds           

0.38%

Governments - Sovereign Bonds                 

0.35%

Common Stocks                       

0.19%

Options Purchased - Puts

Options on Funds and Investment Trusts          

0.08%

Options on Forward Contracts         

0.02%

SUBTOTAL                            

0.10%

Short-Term Investments

Investment Companies             

2.07%

Governments - Sovereign Bonds         

0.15%

Total Fixed Income                         

100.00%

 

Country Breakdown



Portfolio %

United States                          

64.95%

Russia                                 

4.34%

Brazil                                

3.64%

United Kingdom                   

2.86%

Argentina                        

1.80%

Luxembourg                    

1.49%

Netherlands                         

1.15%

Dominican Republic                 

1.11%

Germany                           

1.07%

South Africa                       

0.99%

Canada                              

0.97%

Turkey                              

0.86%

El Salvador                       

0.78%

Indonesia                          

0.75%

Ireland                                

0.75%

Switzerland                        

0.74%

Cote D'Ivoire                       

0.72%

Mexico                              

0.72%

Hungary                          

0.64%

Ukraine                            

0.60%

Supranational                      

0.58%

Peru                               

0.58%

Italy                                

0.57%

 

India                                 

0.54%

United Arab Emirates                

0.50%

Spain                                

0.47%

Colombia                            

0.47%

France                               

0.46%

Kazakhstan                       

0.45%

Croatia                              

0.44%

Uruguay                         

0.40%

Portugal                           

0.39%

Chile                             

0.34%

Barbados                      

0.31%

Japan                               

0.29%

Philippines                        

0.26%

Hong Kong                      

0.24%

Serbia                                

0.24%

Ghana                            

0.24%

Australia                            

0.22%

Norway                           

0.21%

Trinidad & Tobago                

0.15%

China                             

0.13%

Singapore                       

0.12%

Czech Republic               

0.11%

Bermuda                             

0.09%

Austria                               

0.07%

Denmark                            

0.07%

Virgin Islands (BVI)                   

0.06%

Nigeria                                   

0.05%

Euro Zone                            

0.02%

Total Investments                  

100.00%

 

Net Currency Exposure Breakdown



Portfolio %

United States Dollar                     

100.77%

Mexican Peso                            

1.01%

New Turkish Lira                         

1.00%

Brazilian Real                            

0.82%

Dominican Peso                   

0.52%

Russian Rubles                      

0.48%

Uruguayan Peso                      

0.45%

Philippine Peso                         

0.29%

Colombian Peso                       

0.23%

Chilean Peso                         

0.23%

Hungarian Forint                     

0.10%

Great British Pound                 

0.07%

Nigerian Naira                            

0.05%

Indonesian Rupiah                      

0.05%

Australian Dollar                       

0.03%

South African Rand                   

-0.01%

Canadian Dollar                        

-1.01%

Japanese Yen                       

-2.01%

Euro                                

-3.07%

Total Investments                  

100.00%



 

Credit Quality Breakdown  



 Portfolio %

AAA                          

7.31%

AA                       

0.44%

A                           

6.76%

BBB                    

16.27%

BB                    

22.73%

B                        

29.87%

CCC                     

11.01%

CC                        

0.40%

C                         

0.03%

D                          

0.53%

Not Rated                    

2.42%

Short Term Investments        

2.23%

Total Investments                  

100.00%

 

 

Portfolio Statistics:

Average Coupon:                        

8.62%

Average Bond Price :                     

                 N/A

Percentage of Leverage:

Bank Borrowing:                     

0.00%

Investment Operations:            

                 11.69%*

Preferred Stock:                     

0.00%

Tender Option Bonds:            

0.00%

Term Asset-Backed Loans Facility (TALF):      

0.00%

Total Fund Leverage:             

11.69%

Average Maturity:              

                    7.98 Years

Effective Duration:              

                  4.86 Years

Total Net Assets:               

            $1,316.17 Million

Net Asset Value:                

$15.34

Number of Holdings:             

901

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.