AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update
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.
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AllianceBernstein Global High Income Fund, Inc. | |
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Top 10 Fixed Income Holdings |
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Portfolio % | |
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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 |
|
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3) Republic of Brazil 12.50%, 1/05/22 |
0.94% |
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4) Argentina Bonos 7.00%, 10/03/15 |
0.80% |
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5) Ivory Coast Government International Bond |
0.76% |
|
3.75%, 12/31/32 |
|
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6) Dominican Republic International Bond 8.625%, |
0.69% |
|
4/20/27 |
|
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7) Turkey Government Bond 9.00%, 1/27/16 |
0.62% |
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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 |
|
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10) Dominican Republic International Bond 16.00%, |
0.48% |
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7/10/20 |
|
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Fixed Income Holdings by Security Type |
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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% |
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Other Industrial |
1.55% |
|
Consumer Cyclical - Retailers |
1.44% |
|
Transportation - Services |
0.94% |
|
Consumer Cyclical - Entertainment |
0.68% |
|
Transportation - Airlines |
0.45% |
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Consumer Cyclical - Restaurants |
0.25% |
|
Transportation - Railroads |
0.03% |
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SUBTOTAL |
45.31% |
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Financial Institutions |
|
|
Banking |
1.73% |
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Finance |
0.94% |
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Other Finance |
0.90% |
|
Insurance |
0.66% |
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Brokerage |
0.24% |
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SUBTOTAL |
4.47% |
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Utility |
|
|
Electric |
1.84% |
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Natural Gas |
0.99% |
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SUBTOTAL |
2.83% |
|
SUBTOTAL |
52.61% |
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Corporates - Investment Grades |
|
|
Financial Institutions |
|
|
Insurance |
2.29% |
|
Banking |
1.48% |
|
REITS |
0.48% |
|
Finance |
0.40% |
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Other Finance |
0.21% |
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Brokerage |
0.10% |
|
SUBTOTAL |
4.96% |
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Industrial |
|
|
Basic |
1.30% |
|
Energy |
0.37% |
|
Consumer Cyclical - Other |
0.30% |
|
Other Industrial |
0.25% |
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Communications - Telecommunications |
0.17% |
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Capital Goods |
0.11% |
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Consumer Cyclical - Retailers |
0.09% |
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Transportation - Airlines |
0.07% |
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SUBTOTAL |
2.66% |
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Non Corporate Sectors |
|
|
Agencies - Not Government Guaranteed |
0.61% |
|
SUBTOTAL |
0.61% |
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Utility |
|
|
Electric |
0.15% |
|
SUBTOTAL |
0.15% |
|
SUBTOTAL |
8.38% |
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Governments - Treasuries |
|
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Treasuries |
7.77% |
|
SUBTOTAL |
7.77% |
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Emerging Markets - Sovereigns |
4.82% |
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Emerging Markets - Corporate Bonds |
|
|
Industrial |
|
|
Basic |
1.23% |
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Communications - Media |
0.53% |
|
Consumer Cyclical - Other |
0.51% |
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Consumer Non-Cyclical |
0.51% |
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Capital Goods |
0.39% |
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Other Industrial |
0.35% |
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Communications - Telecommunications |
0.22% |
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Technology |
0.15% |
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Transportation - Services |
0.13% |
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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% |
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Collateralized Mortgage Obligations |
|
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Non-Agency Fixed Rate |
2.26% |
|
Non-Agency Floating Rate |
1.93% |
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SUBTOTAL |
4.19% |
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Commercial Mortgage-Backed Securities |
|
|
Non-Agency Fixed Rate CMBS |
2.89% |
|
Non-Agency Floating Rate CMBS |
0.22% |
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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% |
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Other Industrial |
0.19% |
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Communications - Media |
0.17% |
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Consumer Cyclical - Entertainment |
0.13% |
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Capital Goods |
0.10% |
|
Energy |
0.08% |
|
Services |
0.07% |
|
Consumer Cyclical - Retailers |
0.06% |
|
SUBTOTAL |
2.28% |
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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% |
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Emerging Markets - Treasuries |
2.51% |
|
Quasi-Sovereigns |
|
|
Quasi-Sovereign Bonds |
2.34% |
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SUBTOTAL |
2.34% |
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Asset-Backed Securities |
|
|
Home Equity Loans - Fixed Rate |
0.76% |
|
Home Equity Loans - Floating Rate |
0.41% |
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SUBTOTAL |
1.17% |
|
Preferred Stocks |
|
|
Financial Institutions |
1.06% |
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Non Corporate Sectors |
0.01% |
|
SUBTOTAL |
1.07% |
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Local Governments - Municipal Bonds |
0.93% |
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Governments - Sovereign Agencies |
0.69% |
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Supranationals |
0.58% |
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Local Governments - Regional Bonds |
0.55% |
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Inflation-Linked Securities |
0.43% |
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Governments - Sovereign Bonds |
0.40% |
|
Common Stocks |
0.20% |
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Options Purchased - Puts |
|
|
Options on Funds and Investment Trusts |
0.09% |
|
Options on Forward Contracts |
0.01% |
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SUBTOTAL |
0.10% |
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Short-Term Investments |
|
|
Investment Companies |
0.65% |
|
Governments - Sovereign Bonds |
0.16% |
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Total Fixed Income |
100.00% |
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Country Breakdown |
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|
Portfolio % | |
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United States |
65.03% |
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Brazil |
3.73% |
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Russia |
3.63% |
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United Kingdom |
2.96% |
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Argentina |
1.66% |
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Luxembourg |
1.52% |
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Canada |
1.23% |
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Dominican Republic |
1.16% |
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Netherlands |
1.11% |
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Germany |
1.09% |
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South Africa |
0.98% |
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Turkey |
0.88% |
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El Salvador |
0.81% |
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Indonesia |
0.77% |
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Mexico |
0.76% |
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Switzerland |
0.76% |
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Cote D'Ivoire |
0.76% |
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Hungary |
0.67% |
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Ireland |
0.63% |
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Ukraine |
0.61% |
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Italy |
0.59% |
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Peru |
0.59% |
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Supranational |
0.58% |
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United Arab Emirates |
0.52% |
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Colombia |
0.48% |
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Spain |
0.48% |
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France |
0.47% |
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Croatia |
0.45% |
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Kazakhstan |
0.45% |
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Uruguay |
0.43% |
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Portugal |
0.40% |
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Australia |
0.35% |
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Chile |
0.34% |
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India |
0.32% |
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Barbados |
0.32% |
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Japan |
0.32% |
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Philippines |
0.28% |
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Hong Kong |
0.25% |
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Serbia |
0.24% |
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Ghana |
0.24% |
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Norway |
0.22% |
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Trinidad & Tobago |
0.15% |
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China |
0.14% |
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Singapore |
0.12% |
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Czech Republic |
0.11% |
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Bermuda |
0.10% |
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Nigeria |
0.09% |
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Denmark |
0.08% |
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Austria |
0.07% |
|
Virgin Islands (BVI) |
0.06% |
|
Euro Zone |
0.01% |
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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% |
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Uruguayan Peso |
0.48% |
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Philippine Peso |
0.31% |
|
Colombian Peso |
0.23% |
|
Chilean Peso |
0.23% |
|
Hungarian Forint |
0.11% |
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Nigerian Naira |
0.10% |
|
Indonesian Rupiah |
0.06% |
|
Australian Dollar |
0.04% |
|
South African Rand |
-0.01% |
|
Great British Pound |
-0.04% |
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Canadian Dollar |
-0.98% |
|
Japanese Yen |
-1.95% |
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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% |
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Portfolio Statistics: |
|
|
Average Coupon: |
8.69% |
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Average Bond Price : |
N/A |
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Percentage of Leverage: |
|
|
Bank Borrowing: |
0.00% |
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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.
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