AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update

Nov 27, 2012, 16:06 ET from AllianceBernstein Global High Income Fund, Inc.

NEW YORK, Nov. 27, 2012 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of October 31, 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      

2.04%

     2) Russian Agricultural Bank OJSC Via RSHB Capital      

0.95%

         SA 7.75%, 5/29/18


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

0.94%

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

0.80%

     5) Ivory Coast Government International Bond            

0.76%

         3.75%, 12/31/32


     6) Dominican Republic International Bond 8.625%,      

0.69%

         4/20/27


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

0.62%

     8) El Salvador Government International Bond            

0.56%

         7.65%, 6/15/35


     9) South Africa Government Bond Series R207 7.25%,        

0.50%

         1/15/20


   10) Dominican Republic International Bond 16.00%,       

0.48%

         7/10/20




Fixed Income Holdings by Security Type 



Portfolio %

          Corporates - Non-Investment Grades 


               Industrial 


                    Consumer Non-Cyclical                       

7.05%

                    Capital Goods                              

5.67%

                    Energy                                        

4.85%

                    Communications - Media                  

4.48%

                    Technology                                    

3.81%

                    Basic                                         

3.70%

                    Consumer Cyclical - Other               

3.68%

                    Communications - Telecommunications          

3.32%

                    Consumer Cyclical - Automotive            

1.73%

                    Services                                       

1.68%

                    Other Industrial                              

1.55%

                    Consumer Cyclical - Retailers            

1.44%

                    Transportation - Services                    

0.94%

                    Consumer Cyclical - Entertainment             

0.68%

                    Transportation - Airlines                     

0.45%

                    Consumer Cyclical - Restaurants            

0.25%

                    Transportation - Railroads                     

0.03%

                 SUBTOTAL                                       

45.31%

               Financial Institutions 


                    Banking                                      

1.73%

                    Finance                                      

0.94%

                    Other Finance                             

0.90%

                    Insurance                                   

0.66%

                    Brokerage                                  

0.24%

                 SUBTOTAL                                 

4.47%

               Utility 


                    Electric                                       

1.84%

                    Natural Gas                                  

0.99%

                 SUBTOTAL                                      

2.83%

            SUBTOTAL                                           

52.61%

          Corporates - Investment Grades 


               Financial Institutions 


                    Insurance                                   

2.29%

                    Banking                                    

1.48%

                    REITS                                      

0.48%

                    Finance                                    

0.40%

                    Other Finance                          

0.21%

                    Brokerage                                

0.10%

                 SUBTOTAL                                 

4.96%

               Industrial 


                    Basic                                      

1.30%

                    Energy                                       

0.37%

                    Consumer Cyclical - Other                 

0.30%

                    Other Industrial                            

0.25%

                    Communications - Telecommunications       

0.17%

                    Capital Goods                                

0.11%

                    Consumer Cyclical - Retailers               

0.09%

                    Transportation - Airlines                    

0.07%

                 SUBTOTAL                                  

2.66%

               Non Corporate Sectors 


                    Agencies - Not Government Guaranteed       

0.61%

                 SUBTOTAL                                    

0.61%

               Utility 


                    Electric                            

0.15%

                 SUBTOTAL                                        

0.15%

            SUBTOTAL                                              

8.38%

          Governments - Treasuries 


               Treasuries                                    

7.77%

            SUBTOTAL                                          

7.77%

          Emerging Markets - Sovereigns                      

4.82%

          Emerging Markets - Corporate Bonds 


               Industrial 


                    Basic                                      

1.23%

                    Communications - Media                       

0.53%

                    Consumer Cyclical - Other               

0.51%

                    Consumer Non-Cyclical                   

0.51%

                    Capital Goods                             

0.39%

                    Other Industrial                           

0.35%

                    Communications - Telecommunications        

0.22%

                    Technology                                 

0.15%

                    Transportation - Services                 

0.13%

                    Energy                                           

0.10%

                    Consumer Cyclical - Retailers           

0.08%

                 SUBTOTAL                                     

4.20%

               Financial Institutions 


                    Finance                                    

0.18%

                    Other Finance                         

0.14%

                    Banking                                  

0.03%

                 SUBTOTAL                               

0.35%

               Utility 


                    Electric                                 

0.03%

                 SUBTOTAL                                        

0.03%

            SUBTOTAL                                                

4.58%

          Collateralized Mortgage Obligations 


               Non-Agency Fixed Rate                       

2.26%

               Non-Agency Floating Rate                   

1.93%

            SUBTOTAL                                        

4.19%

          Commercial Mortgage-Backed Securities 


               Non-Agency Fixed Rate CMBS                     

2.89%

               Non-Agency Floating Rate CMBS               

0.22%

            SUBTOTAL                                     

3.11%

          Bank Loans 


               Industrial 


                    Technology                    

0.36%

                    Consumer Cyclical - Automotive              

0.33%

                    Basic                                    

0.32%

                    Consumer Non-Cyclical              

0.26%

                    Consumer Cyclical - Other           

0.21%

                    Other Industrial                          

0.19%

                    Communications - Media                   

0.17%

                    Consumer Cyclical - Entertainment           

0.13%

                    Capital Goods                           

0.10%

                    Energy                                     

0.08%

                    Services                                   

0.07%

                    Consumer Cyclical - Retailers              

0.06%

                SUBTOTAL                                       

2.28%

               Financial Institutions 


                    REITS                        

0.24%

                    Finance                                        

0.08%

                 SUBTOTAL                                   

0.32%

               Non Corporate Sectors 


                    Foreign Local Government - Municipal      

0.08%

                 SUBTOTAL                                 

0.08%

               Utility  


                    Electric                              

0.08%

                 SUBTOTAL                                    

0.08%

            SUBTOTAL                                           

2.76%

          Emerging Markets - Treasuries                     

2.51%

          Quasi-Sovereigns 


               Quasi-Sovereign Bonds                        

2.34%

            SUBTOTAL                                          

2.34%

          Asset-Backed Securities 


               Home Equity Loans - Fixed Rate               

0.76%

               Home Equity Loans - Floating Rate            

0.41%

            SUBTOTAL                                             

1.17%

          Preferred Stocks 


               Financial Institutions                             

1.06%

               Non Corporate Sectors                           

0.01%

            SUBTOTAL                                             

1.07%

          Local Governments - Municipal Bonds              

0.93%

          Governments - Sovereign Agencies                 

0.69%

          Supranationals                                     

0.58%

          Local Governments - Regional Bonds                

0.55%

          Inflation-Linked Securities                           

0.43%

          Governments - Sovereign Bonds                    

0.40%

          Common Stocks                                        

0.20%

          Options Purchased - Puts 


               Options on Funds and Investment Trusts      

0.09%

               Options on Forward Contracts                    

0.01%

            SUBTOTAL                                              

0.10%

          Short-Term Investments 


               Investment Companies                              

0.65%

               Governments - Sovereign Bonds                 

0.16%

          Total Fixed Income                                 

100.00%



          Country Breakdown 



Portfolio %

          United States                               

65.03%

          Brazil                                            

3.73%

          Russia                                            

3.63%

          United Kingdom                               

2.96%

          Argentina                                        

1.66%

          Luxembourg                                    

1.52%

          Canada                                           

1.23%

          Dominican Republic                         

1.16%

          Netherlands                                    

1.11%

          Germany                                        

1.09%

          South Africa                                    

0.98%

          Turkey                                           

0.88%

          El Salvador                                    

0.81%

          Indonesia                                       

0.77%

          Mexico                                          

0.76%

          Switzerland                                       

0.76%

          Cote D'Ivoire                                      

0.76%

          Hungary                                           

0.67%

          Ireland                                            

0.63%

          Ukraine                                           

0.61%

          Italy                                              

0.59%

          Peru                                             

0.59%

          Supranational                                 

0.58%

          United Arab Emirates                      

0.52%

          Colombia                                        

0.48%

          Spain                                             

0.48%

          France                                          

0.47%

          Croatia                                         

0.45%

          Kazakhstan                                     

0.45%

          Uruguay                                        

0.43%

          Portugal                                        

0.40%

          Australia                                       

0.35%

          Chile                                           

0.34%

          India                                            

0.32%

          Barbados                                    

0.32%

          Japan                                         

0.32%

          Philippines                                  

0.28%

          Hong Kong                                      

0.25%

          Serbia                                            

0.24%

          Ghana                                           

0.24%

          Norway                                         

0.22%

          Trinidad & Tobago                         

0.15%

          China                                           

0.14%

          Singapore                                     

0.12%

          Czech Republic                              

0.11%

          Bermuda                                       

0.10%

          Nigeria                                          

0.09%

          Denmark                                       

0.08%

          Austria                                            

0.07%

          Virgin Islands (BVI)                       

0.06%

          Euro Zone                                     

0.01%

          Total Investments                          

100.00%



Net Currency Exposure Breakdown 



Portfolio %

          United States Dollar                     

100.88%

          New Turkish Lira                          

1.01%

          Mexican Peso                              

0.99%

          Brazilian Real                               

0.71%

          Dominican Peso                            

0.52%

          Russian Rubles                              

0.48%

          Uruguayan Peso                            

0.48%

          Philippine Peso                              

0.31%

          Colombian Peso                             

0.23%

          Chilean Peso                                  

0.23%

          Hungarian Forint                             

0.11%

          Nigerian Naira                                  

0.10%

          Indonesian Rupiah                             

0.06%

          Australian Dollar                                

0.04%

          South African Rand                           

-0.01%

          Great British Pound                           

-0.04%

          Canadian Dollar                                

-0.98%

          Japanese Yen                                   

-1.95%

          Euro                                          

-3.17%

          Total Investments                              

100.00%



               Credit Quality Breakdown 



Portfolio %

                    AAA                                  

5.87%

                    AA                                    

0.33%

                    A                                        

7.15%

                    BBB                                    

15.62%

                    BB                                      

23.58%

                    B                                         

31.58%

                    CCC                                

11.61%

                    CC                                  

0.33%

                    C                                    

0.03%

                    D                                     

0.68%

                    Not Rated                            

2.41%

                    Short Term Investments           

0.81%

                    Total Investments                    

100.00%



          Portfolio Statistics: 


               Average Coupon:            

8.69%

               Average Bond Price :       

                                 N/A

               Percentage of Leverage: 


                    Bank Borrowing:              

0.00%

                    Investment Operations:      

                         13.27%*

                    Preferred Stock:               

0.00%

                    Tender Option Bonds:      

0.00%

                    Term Asset-Backed Loans Facility (TALF):   

0.00%

                    Total Fund Leverage:              

13.27%

               Average Maturity:                   

                 7.67 Years

               Effective Duration:                  

                4.96 Years

               Total Net Assets:                  

           $1,327.01 Million

               Net Asset Value:                     

$15.46

               Number of Holdings:                   

926

               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.