AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update

Apr 23, 2013, 16:06 ET from AllianceBernstein Global High Income Fund, Inc.

NEW YORK, April 23, 2013 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of March 31, 2013.

 

AllianceBernstein Global High Income Fund, Inc.



Top 10 Fixed Income Holdings 

Portfolio % 

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

1.71%

2) Russian Agricultural Bank OJSC Via RSHB Capital           

0.92%

     SA  7.75%, 5/29/18 


3) Brazilian Government International Bond                   

0.84%

     12.50%, 1/05/22 


4) Argentina Boden Bonds 7.00%, 10/03/15                     

0.84%

5) Ivory Coast Government International Bond                 

0.78%

     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                     

0.62%

8) El Salvador Government International Bond                 

0.54%

     7.65%, 6/15/35 


9) VTB Bank OJSC Via VTB Capital SA 6.875%,                  

0.47%

     5/29/18 


10) Argentine Republic Government International               

0.47%

      Bond Series X 7.00%, 4/17/17 




Fixed Income Holdings by Security Type 

Portfolio %

Corporates - Non-Investment Grades 


   Industrial 


      Consumer Non-Cyclical                             

7.00%

      Capital Goods                                     

5.97%

      Energy                                            

5.09%

      Communications - Media                            

4.96%

      Basic                                             

4.56%

      Technology                                        

4.00%

      Communications - Telecommunications               

3.38%

      Consumer Cyclical - Other                         

3.19%

      Other Industrial                                  

1.84%

      Services                                          

1.83%

      Consumer Cyclical - Automotive                    

1.80%

      Consumer Cyclical - Retailers                     

1.55%

      Transportation - Services                         

0.96%

      Consumer Cyclical - Entertainment                 

0.72%

      Transportation - Airlines                         

0.45%

      Consumer Cyclical - Restaurants                   

0.25%

   SUBTOTAL                                             

47.55%

   Financial Institutions 


      Banking                                           

2.01%

      Other Finance                                     

0.98%

      Insurance                                         

0.87%

      Finance                                           

0.66%

      Brokerage                                         

0.37%

   SUBTOTAL                                              

4.89%

   Utility 


      Electric                                          

1.56%

      Natural Gas                                       

0.80%

   SUBTOTAL                                              

2.36%

SUBTOTAL                                                  

54.80%

Governments - Treasuries 


   Treasuries                                             

6.93%

SUBTOTAL                                                   

6.93%

Corporates - Investment Grades 


   Financial Institutions 


      Insurance                                         

1.61%

      Banking                                           

1.56%

      Finance                                           

0.48%

      REITS                                             

0.48%

      Other Finance                                     

0.21%

   SUBTOTAL                                              

4.34%

   Industrial 


      Basic                                             

1.21%

      Capital Goods                                     

0.22%

      Consumer Cyclical - Other                         

0.18%

      Communications - Telecommunications               

0.17%

      Communications - Media                            

0.10%

      Transportation - Airlines                         

0.07%

      Consumer Non-Cyclical                             

0.02%

   SUBTOTAL                                              

1.97%

   Non Corporate Sectors 


      Agencies - Not Government Guaranteed              

0.39%

   SUBTOTAL                                              

0.39%

   Utility 


      Natural Gas                                       

0.13%

      Electric                                          

0.06%

   SUBTOTAL                                              

0.19%

SUBTOTAL                                                   

6.89%

Collateralized Mortgage Obligations 


   Non-Agency Fixed Rate                                  

3.67%

   Non-Agency Floating Rate                               

2.41%

SUBTOTAL                                                   

6.08%

Emerging Markets - Sovereigns                              

4.26%

Emerging Markets - Corporate Bonds 


   Industrial 


      Consumer Non-Cyclical                             

0.82%

      Communications - Media                            

0.53%

      Communications - Telecommunications               

0.28%

      Basic                                             

0.25%

      Consumer Cyclical - Other                         

0.21%

      Consumer Cyclical - Retailers                     

0.14%

      Capital Goods                                     

0.12%

      Technology                                        

0.11%

      Transportation - Services                         

0.11%

      Energy                                            

0.09%

   SUBTOTAL                                              

2.66%

   Financial Institutions 


      Finance                                           

0.18%

      Banking                                           

0.13%

      Other Finance                                     

0.02%

   SUBTOTAL                                              

0.33%

SUBTOTAL                                                   

2.99%

Bank Loans 


   Industrial 


      Consumer Non-Cyclical                             

0.43%

      Consumer Cyclical - Retailers                     

0.35%

      Consumer Cyclical - Automotive                    

0.33%

      Technology                                        

0.33%

      Consumer Cyclical - Entertainment                 

0.32%

      Other Industrial                                  

0.26%

      Basic                                             

0.25%

      Consumer Cyclical - Other                         

0.19%

      Communications - Telecommunications               

0.12%

      Capital Goods                                     

0.10%

      Communications - Media                            

0.08%

      Energy                                            

0.07%

   SUBTOTAL                                              

2.83%

   Non Corporate Sectors 


      Foreign Local Government - Municipal              

0.11%

   SUBTOTAL                                              

0.11%

   Financial Institutions 


      REITS                                             

0.02%

   SUBTOTAL                                              

0.02%

SUBTOTAL                                                   

2.96%

Commercial Mortgage-Backed Securities 


      Non-Agency Fixed Rate CMBS                             

2.55%

      Non-Agency Floating Rate CMBS                          

0.25%

SUBTOTAL                                                   

2.80%

Quasi-Sovereigns 


      Quasi-Sovereign Bonds                                  

2.18%

SUBTOTAL                                                   

2.18%

Emerging Markets - Treasuries                              

2.01%

Preferred Stocks 


      Financial Institutions                                 

1.47%

      Non Corporate Sectors                                  

0.02%

      Industrial                                             

0.01%

SUBTOTAL                                                   

1.50%

Local Governments - Municipal Bonds                        

1.17%

Governments - Sovereign Agencies                           

0.91%

Asset-Backed Securities 


      Home Equity Loans - Fixed Rate                         

0.64%

      Home Equity Loans - Floating Rate                      

0.13%

SUBTOTAL                                                   

0.77%

Supranationals                                             

0.58%

Local Governments - Regional Bonds                         

0.54%

Inflation-Linked Securities                                

0.50%

Governments - Sovereign Bonds                              

0.42%

Common Stocks                                              

0.35%

Short-Term Investments 


      Investment Companies                                   

1.36%

Total Fixed Income                                       

100.00%



Country Breakdown 

Portfolio %

United States                                             

64.76%

Brazil                                                     

3.70%

United Kingdom                                             

3.48%

Russia                                                     

3.33%

Luxembourg                                                 

1.89%

Canada                                                     

1.57%

Argentina                                                  

1.47%

Dominican Republic                                         

1.29%

Netherlands                                                

1.19%

Germany                                                    

0.93%

South Africa                                               

0.91%

France                                                     

0.90%

Turkey                                                     

0.88%

Switzerland                                                

0.84%

Cote D'Ivoire                                              

0.78%

Indonesia                                                  

0.76%

El Salvador                                                

0.68%

Italy                                                      

0.67%

Hungary                                                    

0.62%

Supranational                                              

0.58%

Ireland                                                    

0.58%

Peru                                                       

0.57%

Colombia                                                   

0.52%

United Arab Emirates                                       

0.52%

Uruguay                                                    

0.50%

Portugal                                                   

0.49%

Croatia                                                    

0.44%

Spain                                                      

0.43%

Kazakhstan                                                 

0.41%

Australia                                                  

0.36%

Mexico                                                     

0.35%

Barbados                                                   

0.32%

Chile                                                      

0.32%

Philippines                                                

0.32%

Serbia                                                     

0.25%

Costa Rica                                                 

0.25%

Ghana                                                      

0.23%

Nigeria                                                    

0.23%

Norway                                                     

0.22%

Sweden                                                     

0.19%

Ukraine                                                    

0.18%

Trinidad & Tobago                                          

0.15%

China                                                      

0.12%

Japan                                                      

0.12%

Czech Republic                                            

0.11%

India                                                      

0.10%

Bermuda                                                    

0.09%

Denmark                                                    

0.08%

Singapore                                                  

0.08%

Austria                                                    

0.08%

Virgin Islands (BVI)                                       

0.06%

Jamaica                                                    

0.05%

Greece                                                     

0.05%

Total Investments                                        

100.00%



Net Currency Exposure Breakdown 

Portfolio %

United States Dollar                                      

97.80%

Mexican Peso                                               

2.08%

New Turkish Lira                                           

0.98%

Russian Rubles                                             

0.95%

Indian Rupee                                               

0.74%

Uruguayan Peso                                             

0.55%

Dominican Peso                                             

0.51%

Brazilian Real                                             

0.47%

Philippine Peso                                            

0.35%

Costa Rican Colon                                          

0.28%

Colombian Peso                                             

0.27%

Nigerian Naira                                             

0.25%

Chilean Peso                                               

0.23%

Hungarian Forint                                           

0.15%

Japanese Yen                                               

0.06%

Australian Dollar                                          

0.05%

South African Rand                                         

0.01%

Indonesian Rupiah                                        

-0.04%

Peruvian Nuevo Sol                                        

-0.50%

Great British Pound                                       

-1.53%

Euro                                                     

-1.61%

Canadian Dollar                                           

-2.05%

Total Investments                                        

100.00%



Credit Quality Breakdown 

Portfolio %

AAA                                             

3.91%

AA                                              

0.70%

A                                               

4.87%

BBB                                            

15.57%

BB                                             

22.98%

B                                              

32.86%

CCC                                            

14.16%

CC                                              

0.70%

C                                               

0.01%

D                                               

0.74%

Not Rated                                       

2.14%

Short Term Investments                          

1.36%

Total Investments                             

100.00%



Portfolio Statistics: 


   Average Coupon:                                        

8.38%

   Average Bond Price :                                     

N/A

   Percentage of Leverage: 


      Bank Borrowing:                                     

0.00%

      Investment Operations:                            

19.65%*

      Preferred Stock:                                    

0.00%

      Tender Option Bonds:                                

0.00%

      Term Asset-Backed Loans Facility (TALF):            

0.00%

      Total Fund Leverage:                               

19.65%

   Average Maturity:                                 

6.93 Years

   Effective Duration:                               

4.67 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.