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AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update

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NEW YORK, Feb. 26, 2013 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of January 31, 2013.

AllianceBernstein Global High Income Fund, Inc.

 

Top 10 Fixed Income Holdings



Portfolio %

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

1.69%

        2) Russian Agricultural Bank OJSC Via RSHB Capital     

0.93%

            SA  7.75%, 5/29/18


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

0.90%

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

0.82%

        5) Ivory Coast Government International Bond       

0.80%

            5.75%, 12/31/32


        6) Dominican Republic International Bond 8.625%,    

0.69%

            4/20/27


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

0.64%

        8) El Salvador Government International Bond          

0.56%

            7.65%, 6/15/35


        9) South Africa Government Bond Series R207 7.25%,    

0.48%

            1/15/20


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

0.48%


Fixed Income Holdings by Security Type


 Portfolio %

    Corporates - Non-Investment Grades

        Industrial

          Consumer Non-Cyclical          

7.22%

          Capital Goods                        

6.31%

          Energy                                 

4.81%

          Communications - Media          

4.55%

          Basic                                   

4.39%

          Technology                          

3.70%

          Consumer Cyclical - Other           

3.61%

          Communications - Telecommunications        

3.46%

          Services                        

1.94%

          Other Industrial                

1.67%

          Consumer Cyclical - Automotive         

1.55%

          Consumer Cyclical - Retailers            

1.36%

          Transportation - Services                  

0.82%

          Consumer Cyclical - Entertainment      

0.72%

          Transportation - Airlines              

0.45%

          Consumer Cyclical - Restaurants             

0.25%

    SUBTOTAL                           

46.81%

Financial Institutions

          Banking                             

2.21%

          Other Finance                     

0.95%

          Insurance                          

0.84%

          Finance                            

0.77%

          Brokerage                         

0.36%

     SUBTOTAL                        

5.13%

Utility

          Electric                             

1.58%

          Natural Gas                       

1.04%

     SUBTOTAL                        

2.62%

Convertible Bonds

          Consumer Cyclical - Automotive            

0.05%

    SUBTOTAL                                      

0.05%

SUBTOTAL                                     

54.61%

Governments - Treasuries

 Treasuries                                     

7.23%

    SUBTOTAL                           

7.23%

Corporates - Investment Grades

    Financial Institutions

          Insurance                               

1.61%

          Banking                                 

1.49%

          Finance                                 

0.47%

          REITS                                  

0.47%

          Other Finance                      

0.21%

    SUBTOTAL                           

4.25%

Industrial

          Basic                                    

1.11%

          Communications - Telecommunications       

0.17%

          Consumer Cyclical - Other                   

0.14%

          Capital Goods                                

0.10%

          Transportation - Airlines                  

0.07%

          Consumer Non-Cyclical                  

0.02%

    SUBTOTAL                                    

1.61%

Non Corporate Sectors

          Agencies - Not Government Guaranteed   

0.39%

    SUBTOTAL                                         

0.39%

Utility

          Electric                                         

0.06%

    SUBTOTAL                                    

0.06%

SUBTOTAL                                     

6.31%

Collateralized Mortgage Obligations

     Non-Agency Fixed Rate                    

3.80%

     Non-Agency Floating Rate                 

2.16%

SUBTOTAL                                       

5.96%

Emerging Markets - Sovereigns           

4.00%

Emerging Markets - Corporate Bonds
     Industrial


          Consumer Non-Cyclical                     

0.56%

          Basic                                          

0.54%

          Communications - Media               

0.53%

          Consumer Cyclical - Other              

0.48%

          Communications - Telecommunications       

0.28%

          Other Industrial                  

0.27%

          Technology                        

0.19%

          Transportation - Services        

0.13%

          Consumer Cyclical - Retailers     

0.09%

          Energy                                    

0.09%

          Capital Goods                           

0.04%

    SUBTOTAL                               

3.20%

Financial Institutions

          Banking                                   

0.16%

          Other Finance                        

0.14%

     SUBTOTAL                            

0.30%

SUBTOTAL                            

3.50%

Commercial Mortgage-Backed Securities

     Non-Agency Fixed Rate CMBS       

2.88%

     Non-Agency Floating Rate CMBS      

0.23%

SUBTOTAL                                      

3.11%

Bank Loans

     Industrial

          Technology                                   

0.49%

          Consumer Non-Cyclical                  

0.43%

          Consumer Cyclical - Automotive       

0.24%

          Consumer Cyclical - Retailers           

0.22%

          Communications - Media                  

0.19%

          Consumer Cyclical - Entertainment    

0.19%

          Basic                                          

0.18%

          Consumer Cyclical - Other              

0.18%

          Capital Goods                              

0.17%

          Communications - Telecommunications    

0.12%

          Other Industrial                        

0.11%

          Energy                                     

0.07%

          Services                                   

0.01%

     SUBTOTAL                               

2.60%

Financial Institutions

          REITS                                       

0.28%

    SUBTOTAL                              

0.28%

Non Corporate Sectors

          Foreign Local Government - Municipal       

0.11%

    SUBTOTAL                                           

0.11%

Utility

          Other Utility               

0.08%

     SUBTOTAL                

0.08%

  SUBTOTAL                          

3.07%

Quasi-Sovereigns

          Quasi-Sovereign Bonds             

2.32%

SUBTOTAL                               

2.32%

Emerging Markets - Treasuries       

2.26%


Local Governments - Municipal Bonds              

1.14%

Preferred Stocks

          Financial Institutions                  

1.07%

          Non Corporate Sectors                

0.01%

SUBTOTAL                               

1.08%

Asset-Backed Securities

          Home Equity Loans - Fixed Rate        

0.65%

          Home Equity Loans - Floating Rate       

0.32%

SUBTOTAL                                      

0.97%

Governments - Sovereign Agencies        

0.91%

Governments - Sovereign Bonds             

0.73%

Supranationals                                    

0.57%

Local Governments - Regional Bonds     

0.55%

Inflation-Linked Securities                     

0.47%

Common Stocks                                  

0.29%

Options Purchased - Puts

          Options on Funds and Investment Trusts      

0.02%

SUBTOTAL                                               

0.02%

Short-Term Investments

          Investment Companies                             

0.75%

          Governments - Sovereign Bonds                

0.15%

Total Fixed Income                                

100.00%


Country Breakdown


Portfolio %

     United States                                  

64.32%

     Brazil                                            

3.86%

     United Kingdom                            

3.45%

     Russia                                          

3.30%

     Luxembourg                                   

1.82%

     Argentina                                      

1.47%

     Canada                                         

1.39%

     Dominican Republic                       

1.28%

     Netherlands                                   

1.11%

     Germany                                       

1.03%

     Turkey                                          

0.91%

     South Africa                                 

0.89%

     El Salvador                                  

0.81%

     Cote D'Ivoire                                

0.80%

     France                                         

0.79%

     Switzerland                                   

0.78%

     Indonesia                                       

0.76%

     Italy                                              

0.69%

     Hungary                                        

0.68%

     Ireland                                          

0.67%

         Mexico                                         

0.65%

     Peru                                             

0.58%

     Supranational                                

0.57%

     United Arab Emirates                     

0.53%

     Colombia                                      

0.53%

     Portugal                                       

0.50%

     Uruguay                                       

0.47%

     Croatia                                  

0.46%

     Kazakhstan                           

0.45%

     Spain                                    

0.44%

     Australia                                

0.35%

     Chile                                      

0.34%

     Barbados                                

0.31%

     Philippines                               

0.30%

     Costa Rica                                

0.25%

     Serbia                                     

0.25%

     Norway                                    

0.25%

     Nigeria                                      

0.23%

     Ghana                                       

0.23%

     Japan                                        

0.22%

     Sweden                                     

0.19%

     Ukraine                                     

0.18%

     Trinidad & Tobago                       

0.15%

     Czech Republic                           

0.12%

     India                                           

0.10%

     Austria                                       

0.09%

     China                                          

0.09%

     Bermuda                                     

0.09%

     Denmark                                      

0.08%

     Singapore                                    

0.08%

     Virgin Islands (BVI)                        

0.06%

     Greece                                        

0.05%

     Total Investments                         

100.00%


Net Currency Exposure Breakdown


    Portfolio %

     United States Dollar                      

98.27%

     Mexican Peso                            

2.02%

     New Turkish Lira                          

1.00%

     Russian Rubles                            

0.77%

     Indian Rupee                                 

0.75%

     Brazilian Real                                

0.65%

     Uruguayan Peso                            

0.51%

     Dominican Peso                            

0.51%

     Philippine Peso                             

0.33%

     Colombian Peso                            

0.28%

     CRC                                             

0.27%

     Nigerian Naira                               

0.26%

     Chilean Peso                                

0.23%

     Hungarian Forint                            

0.12%

     Australian Dollar                            

0.04%

     South African Rand                        

0.02%

     Indonesian Rupiah                         

-0.03%

     Canadian Dollar                             

-1.03%

     Great British Pound                       

-1.07%

     Euro                                              

-1.94%

     Japanese Yen                                

-1.96%

     Total Investments                           

100.00%



     Credit Quality Breakdown


    Portfolio %

               AAA                         

4.49%

               AA                            

0.70%

               A                              

5.56%

               BBB                         

14.78%

               BB                           

23.94%

               B                             

31.92%

               CCC                        

14.43%

               CC                          

0.39%

               D                            

0.71%

               Not Rated                

2.34%

               Short Term Investments           

0.74%

               Total Investments                     

100.00%


Portfolio Statistics:

     Average Coupon:                            

8.54%

     Average Bond Price :                      

                N/A

     Percentage of Leverage:

          Bank Borrowing:                              

0.00%

          Investment Operations:                     

        13.00%*

          Preferred Stock:                               

0.00%

          Tender Option Bonds:                       

0.00%

          Term Asset-Backed Loans Facility (TALF):    

0.00%

          Total Fund Leverage:                            

13.00%

Average Maturity:                              

    7.07 Years

Effective Duration:                            

    4.77 Years

Total Net Assets:                        

   $1,343.85 Million

Net Asset Value:                        

$15.61

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.



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