AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update

Mar 25, 2013, 16:06 ET from AllianceBernstein Global High Income Fund, Inc.

NEW YORK, March 25, 2013 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc. [NYSE: AWF] (the "Fund") today released its monthly portfolio update as of February 28, 2013.

 

AllianceBernstein Global High Income Fund, Inc.






Top 10 Fixed Income Holdings






Portfolio %


1)

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

1.71%


2)

Russian Agricultural Bank OJSC Via RSHB Capital        

0.92%



SA  7.75%, 5/29/18



3)

Brazilian Government International Bond               

0.91%



12.50%, 1/05/22



4)

Argentina Boden Bonds 7.00%, 10/03/15                

0.79%


5)

Ivory Coast Government International Bond             

0.77%



5.75%, 12/31/32



6)

Dominican Republic International Bond 8.625%,       

0.70%



4/20/27



7)

Turkey Government Bond 9.00%, 1/27/16               

0.63%


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)

VTB Bank OJSC Via VTB Capital SA 6.875%,           

0.48%



5/29/18







Fixed Income Holdings by Security Type





Portfolio %


Corporates - Non-Investment Grades




Industrial





Consumer Non-Cyclical                      

7.13%




Capital Goods                                  

5.94%




Energy                                          

5.00%




Communications - Media                       

4.74%




Basic                                            

4.61%




Technology                                       

3.85%




Communications - Telecommunications           

3.55%




Consumer Cyclical - Other                       

3.29%




Services                                          

1.79%




Other Industrial                                

1.66%




Consumer Cyclical - Automotive              

1.65%




Consumer Cyclical - Retailers                

1.33%




Transportation - Services                   

0.83%




Consumer Cyclical - Entertainment        

0.72%




Transportation - Airlines                    

0.45%




Consumer Cyclical - Restaurants         

0.25%



SUBTOTAL                                 

46.79%



Financial Institutions





Banking                               

2.17%




Other Finance                    

0.97%




Insurance                              

0.86%




Finance                                

0.74%




Brokerage                              

0.36%



SUBTOTAL                                 

5.10%



Utility





Electric                                 

1.56%




Natural Gas                            

0.81%



SUBTOTAL                                   

2.37%



Convertible Bonds





Consumer Cyclical - Automotive           

0.06%



SUBTOTAL                                      

0.06%


SUBTOTAL                                         

54.32%


Governments - Treasuries




Treasuries                                     

7.49%


SUBTOTAL                                   

7.49%


Corporates - Investment Grades




Financial Institutions





Insurance                               

1.60%




Banking                                  

1.49%




REITS                                   

0.48%




Finance                                 

0.47%




Other Finance                           

0.21%



SUBTOTAL                                  

4.25%



Industrial





Basic                                    

1.10%




Capital Goods                           

0.22%




Consumer Cyclical - Other                 

0.18%




Communications - Telecommunications      

0.17%




Transportation - Airlines                   

0.07%




Consumer Non-Cyclical                    

0.02%



SUBTOTAL                                 

1.76%



Non Corporate Sectors





Agencies - Not Government Guaranteed        

0.39%



SUBTOTAL                                   

0.39%



Utility





Natural Gas                              

0.13%




Electric                                     

0.06%



SUBTOTAL                                   

0.19%


SUBTOTAL                                          

6.59%


Collateralized Mortgage Obligations




Non-Agency Fixed Rate                        

3.76%



Non-Agency Floating Rate                     

2.31%


SUBTOTAL                                           

6.07%


Emerging Markets - Sovereigns                    

3.92%


Emerging Markets - Corporate Bonds




Industrial





Consumer Non-Cyclical                   

0.55%




Communications - Media                     

0.53%




Other Industrial                             

0.29%




Communications - Telecommunications         

0.27%




Consumer Cyclical - Other               

0.27%




Basic                                        

0.25%




Consumer Cyclical - Retailers              

0.14%




Capital Goods                              

0.13%




Technology                                  

0.11%




Transportation - Services                  

0.11%




Energy                                    

0.09%



SUBTOTAL                               

2.74%



Financial Institutions





Finance                                

0.18%




Other Finance                       

0.14%




Banking                                 

0.13%



SUBTOTAL                                   

0.45%


SUBTOTAL                                           

3.19%


Commercial Mortgage-Backed Securities




Non-Agency Fixed Rate CMBS                 

2.65%



Non-Agency Floating Rate CMBS              

0.25%


SUBTOTAL                                          

2.90%


Bank Loans




Industrial





Consumer Non-Cyclical                  

0.42%




Technology                                  

0.39%




Consumer Cyclical - Retailers          

0.35%




Other Industrial                       

0.26%




Basic                                    

0.25%




Consumer Cyclical - Automotive          

0.24%




Consumer Cyclical - Entertainment       

0.19%




Consumer Cyclical - Other                    

0.19%




Communications - Media                      

0.13%




Communications - Telecommunications         

0.12%




Capital Goods                        

0.10%




Energy                              

0.07%



SUBTOTAL                          

2.71%



Non Corporate Sectors





Foreign Local Government - Municipal       

0.11%



SUBTOTAL                            

0.11%



Financial Institutions





REITS                          

0.04%



SUBTOTAL                           

0.04%


SUBTOTAL                             

2.86%


Quasi-Sovereigns




Quasi-Sovereign Bonds               

2.30%


SUBTOTAL                                  

2.30%


Emerging Markets - Treasuries        

2.03%


Preferred Stocks




Financial Institutions               

1.21%



Industrial                                

0.01%



Non Corporate Sectors             

0.01%


SUBTOTAL                              

1.23%


Local Governments - Municipal Bonds         

1.13%


Governments - Sovereign Agencies         

0.90%


Asset-Backed Securities




Home Equity Loans - Fixed Rate            

0.64%



Home Equity Loans - Floating Rate        

0.14%


SUBTOTAL                                 

0.78%


Governments - Sovereign Bonds             

0.72%


Supranationals                                    

0.58%


Local Governments - Regional Bonds           

0.54%


Inflation-Linked Securities                  

0.48%


Common Stocks                         

0.30%


Options Purchased - Puts




Options on Funds and Investment Trusts           

0.01%


SUBTOTAL                                 

0.01%


Short-Term Investments




Investment Companies                          

1.66%


Total Fixed Income                       

100.00%







Country Breakdown






Portfolio %


United States                             

64.62%


Brazil                                         

3.76%


Russia                                       

3.46%


United Kingdom                          

3.46%


Luxembourg                               

1.78%


Canada                                      

1.57%


Argentina                                        

1.41%


Dominican Republic                         

1.30%


Netherlands                                    

1.12%


Germany                                        

1.02%


South Africa                                        

0.93%


Turkey                                                

0.90%


El Salvador                                         

0.81%


Switzerland                                        

0.78%


France                                              

0.78%


Cote D'Ivoire                                      

0.77%


Indonesia                                         

0.77%


Italy                                                

0.67%


Hungary                                          

0.65%


Peru                                               

0.58%


Ireland                                            

0.58%


Supranational                                 

0.58%


United Arab Emirates                             

0.52%


Colombia                                             

0.52%


Portugal                                            

0.49%


Uruguay                                              

0.48%


Croatia                                           

0.44%


Spain                                               

0.43%


Kazakhstan                                      

0.41%


Mexico                                            

0.41%


Australia                                        

0.35%


Chile                                         

0.32%


Barbados                                  

0.32%


Philippines                                

0.30%


Costa Rica                                  

0.25%


Serbia                                         

0.25%


Nigeria                                        

0.24%


Ghana                                        

0.23%


Norway                                      

0.23%


Japan                                       

0.22%


Sweden                                   

0.19%


Ukraine                                    

0.18%


Trinidad & Tobago                         

0.15%


China                                           

0.12%


Czech Republic                             

0.11%


India                                             

0.10%


Bermuda                                      

0.09%


Singapore                                    

0.08%


Austria                                       

0.08%


Denmark                                   

0.08%


Virgin Islands (BVI)                     

0.06%


Greece                                      

0.05%


Total Investments                          

100.00%






Net Currency Exposure Breakdown






Portfolio %


United States Dollar                              

98.32%


Mexican Peso                                      

2.01%


New Turkish Lira                                   

0.99%


Russian Rubles                                    

0.95%


Indian Rupee                                        

0.73%


Uruguayan Peso                                 

0.53%


Dominican Peso                                

0.51%


Brazilian Real                                 

0.48%


Philippine Peso                             

0.34%


Colombian Peso                           

0.28%


CRC                                           

0.28%


Nigerian Naira                     

0.26%


Chilean Peso                                  

0.23%


Hungarian Forint                            

0.16%


Australian Dollar                           

0.04%


South African Rand                       

0.02%


Indonesian Rupiah                      

-0.03%


Peruvian Nuevo Sol                     

-0.50%


Great British Pound                    

-0.99%


Canadian Dollar                         

-1.00%


Euro                                          

-1.67%


Japanese Yen                             

-1.94%


Total Investments                            

100.00%








Credit Quality Breakdown






Portfolio %




AAA                                      

4.34%




AA                                      

0.69%




A                                        

5.12%




BBB                                    

15.53%




BB                                      

23.11%




B                                         

32.25%




CCC                                   

13.83%




CC                                     

0.59%




C                                       

0.02%




D                                        

0.71%




Not Rated                            

2.14%




Short Term Investments           

1.67%




Total Investments                  

100.00%







Portfolio Statistics:




Average Coupon:                        

8.44%



Average Bond Price :                  

                      N/A



Percentage of Leverage:





Bank Borrowing:                           

0.00%




Investment Operations:                  

             10.35%*




Preferred Stock:                            

0.00%




Tender Option Bonds:                      

0.00%




Term Asset-Backed Loans Facility (TALF):       

0.00%




Total Fund Leverage:                  

10.35%



Average Maturity:                      

              7.12 Years



Effective Duration:                   

               4.78 Years



Total Net Assets:                   

          $1,343.77 Million



Net Asset Value:                      

$15.61



Number of Holdings:                    

932



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.