AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update

Jan 29, 2013, 16:06 ET from AllianceBernstein Global High Income Fund, Inc.

NEW YORK, Jan. 29, 2013 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc. [NYSE: AWF] (the "Fund") today released its monthly portfolio update as of December 31, 2012.

AllianceBernstein Global High Income Fund, Inc.



Top 10 Fixed Income Holdings



Portfolio %

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

1.76%

2) Russian Agricultural Bank OJSC Via RSHB Capital SA 7.75%, 5/29/18

0.93%

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

0.92%

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

0.84%

5) Ivory Coast Government International Bond 3.75%, 12/31/32

0.77%

6) Dominican Republic International Bond 8.625%, 4/20/27

0.68%

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

0.62%

8) El Salvador Government International Bond 7.65%, 6/15/35

0.54%

9) South Africa Government Bond Series R207 7.25%, 1/15/20

0.51%

10) Argentina Bonos Series X 7.00%, 4/17/17

0.51%



Fixed Income Holdings by Security Type



Portfolio %

Corporates - Non-Investment Grades


Industrial


Consumer Non-Cyclical

6.93%

Capital Goods

5.76%

Energy

4.72%

Communications - Media

4.48%

Basic

4.12%

Technology

3.62%

Consumer Cyclical - Other

3.60%

Communications - Telecommunications

3.42%

Services

1.70%

Consumer Cyclical - Automotive

1.64%

Other Industrial

1.57%

Consumer Cyclical - Retailers

1.37%

Transportation - Services

0.81%

Consumer Cyclical - Entertainment

0.68%

Transportation - Airlines

0.44%

Consumer Cyclical - Restaurants

0.25%

Transportation - Railroads

0.03%

SUBTOTAL

45.14%

Financial Institutions


Banking

1.84%

Finance

1.17%

Insurance

0.83%

Other Finance

0.83%

Brokerage

0.35%

SUBTOTAL

5.02%

Utility


Electric

1.78%

Natural Gas

1.00%

SUBTOTAL

2.78%

Convertible Bonds


Consumer Cyclical - Automotive

0.05%

SUBTOTAL

0.05%

SUBTOTAL

52.99%

Governments - Treasuries


Treasuries

8.29%

SUBTOTAL

8.29%

Corporates - Investment Grades


Financial Institutions


Insurance

2.27%

Banking

1.62%

REITS

0.47%

Finance

0.39%

Other Finance

0.21%

Brokerage

0.09%

SUBTOTAL

5.05%

Industrial


Basic

1.13%

Energy

0.36%

Consumer Cyclical - Other

0.29%

Communications - Telecommunications

0.17%

Capital Goods

0.10%

Services

0.07%

Transportation - Airlines

0.07%

Consumer Non-Cyclical

0.02%

Other Industrial

0.01%

SUBTOTAL

2.22%

Non Corporate Sectors


Agencies - Not Government Guaranteed

0.39%

SUBTOTAL

0.39%

Utility


Electric

0.14%

SUBTOTAL

0.14%

SUBTOTAL

7.80%

Collateralized Mortgage Obligations


Non-Agency Fixed Rate

3.25%

Non-Agency Floating Rate

1.96%

SUBTOTAL

5.21%

Emerging Markets - Sovereigns

4.27%

Emerging Markets - Corporate Bonds


Industrial


Basic

0.98%

Communications - Media

0.53%

Consumer Cyclical - Other

0.52%

Consumer Non-Cyclical

0.42%

Other Industrial

0.34%

Capital Goods

0.29%

Technology

0.23%

Communications - Telecommunications

0.22%

Transportation - Services

0.13%

Consumer Cyclical - Retailers

0.09%

Energy

0.09%

SUBTOTAL

3.84%

Financial Institutions


Other Finance

0.14%

Banking

0.03%

SUBTOTAL

0.17%

SUBTOTAL

4.01%

Commercial Mortgage-Backed Securities


Non-Agency Fixed Rate CMBS

2.67%

Non-Agency Floating Rate CMBS

0.23%

SUBTOTAL

2.90%

Bank Loans


Industrial


Technology

0.47%

Consumer Non-Cyclical

0.43%

Consumer Cyclical - Retailers

0.22%

Communications - Media

0.19%

Basic

0.18%

Consumer Cyclical - Entertainment

0.18%

Consumer Cyclical - Other

0.18%

Capital Goods

0.17%

Consumer Cyclical - Automotive

0.15%

Other Industrial

0.11%

Energy

0.07%

Services

0.01%

SUBTOTAL

2.36%

Financial Institutions


REITS

0.29%

SUBTOTAL

0.29%

Non Corporate Sectors


Foreign Local Government - Municipal

0.08%

SUBTOTAL

0.08%

Utility


Other Utility

0.08%

SUBTOTAL

0.08%

SUBTOTAL

2.81%

Quasi-Sovereigns


Quasi-Sovereign Bonds

2.31%

SUBTOTAL

2.31%

Emerging Markets - Treasuries

1.99%

Asset-Backed Securities


Home Equity Loans - Fixed Rate

0.74%

Home Equity Loans - Floating Rate

0.42%

SUBTOTAL

1.16%

Preferred Stocks


Financial Institutions

1.05%

Non Corporate Sectors

0.01%

SUBTOTAL

1.06%

Local Governments - Municipal Bonds

0.99%

Governments - Sovereign Agencies

0.91%

Supranationals

0.58%

Local Governments - Regional Bonds

0.57%

Governments - Sovereign Bonds

0.45%

Inflation-Linked Securities

0.45%

Common Stocks

0.20%

Options Purchased - Puts


Options on Funds and Investment Trusts

0.05%

SUBTOTAL

0.05%

Short-Term Investments


Investment Companies

0.85%

Governments - Sovereign Bonds

0.15%

Total Fixed Income

100.00%



Country Breakdown



Portfolio %

United States

65.39%

Brazil

3.67%

Russia

3.38%

United Kingdom

3.26%

Luxembourg

1.59%

Argentina

1.53%

Canada

1.27%

Dominican Republic

1.16%

Netherlands

1.10%

South Africa

1.00%

Germany

0.92%

Turkey

0.89%

El Salvador

0.79%

Switzerland

0.77%

Cote D'Ivoire

0.77%

Indonesia

0.77%

Mexico

0.74%

Hungary

0.66%

Ireland

0.64%

Italy

0.63%

Supranational

0.58%

Peru

0.58%

United Arab Emirates

0.52%

Portugal

0.49%

France

0.49%

Colombia

0.49%

Kazakhstan

0.46%

Uruguay

0.45%

Croatia

0.45%

Spain

0.42%

Australia

0.35%

Chile

0.33%

Japan

0.32%

India

0.31%

Barbados

0.31%

Philippines

0.28%

Serbia

0.25%

Norway

0.25%

Ghana

0.23%

Nigeria

0.22%

China

0.21%

Ukraine

0.18%

Sweden

0.18%

Trinidad & Tobago

0.15%

Singapore

0.12%

Czech Republic

0.11%

Bermuda

0.09%

Denmark

0.08%

Austria

0.08%

Virgin Islands (BVI)

0.06%

Greece

0.02%

Hong Kong

0.01%

Total Investments

100.00%



Net Currency Exposure Breakdown



Portfolio %

United States Dollar

97.81%

Mexican Peso

2.02%

New Turkish Lira

1.01%

Russian Rubles

0.77%

Brazilian Real

0.72%

Dominican Peso

0.54%

Uruguayan Peso

0.51%

Philippine Peso

0.32%

Nigerian Naira

0.25%

Colombian Peso

0.24%

Chilean Peso

0.23%

Hungarian Forint

0.12%

Australian Dollar

0.04%

Indonesian Rupiah

-0.01%

Great British Pound

-0.02%

Canadian Dollar

-1.08%

Euro

-1.66%

Japanese Yen

-1.81%

Total Investments

100.00%



Credit Quality Breakdown



Portfolio %

AAA

5.40%

AA

0.58%

A

6.14%

BBB

15.61%

BB

23.78%

B

30.48%

CCC

13.53%

CC

0.46%

C

0.03%

D

0.71%

Not Rated

2.28%

Short Term Investments

1.00%

Total Investments

100.00%



Portfolio Statistics:


Average Coupon:

8.59%

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:

7.27 Years

Effective Duration:

4.86 Years

Total Net Assets:

$1,320.39 Million

Net Asset Value:

$15.36

Number of Holdings:

940

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.