AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update

May 28, 2013, 16:06 ET from AllianceBernstein Global High Income Fund, Inc.

NEW YORK, May 28, 2013 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of April 30, 2013.

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   

0.91%

3) Brazilian Government International Bond    12.50%, 1/05/22    

0.85%

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

0.82%

5) Ivory Coast Government International Bond  5.75%, 12/31/32      

0.79%

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

0.70%

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  

0.49%

10) Argentina Bonar Bonds Series X 7.00%, 4/17/17     

0.49%

 

Fixed Income Holdings by Security Type



Portfolio %

Corporates - Non-Investment Grades


   Industrial


      Consumer Non-Cyclical           

7.11%

      Capital Goods                    

5.98%

      Energy                          

5.07%

      Communications - Media              

4.85%

      Basic                              

4.41%

      Technology                          

3.81%

      Consumer Cyclical - Other             

3.11%

      Communications - Telecommunications       

3.05%

      Other Industrial               

1.84%

      Consumer Cyclical - Automotive              

1.76%

       Services               

1.73%

       Consumer Cyclical - Retailers        

1.46%

      Transportation - Services             

0.96%

      Consumer Cyclical - Entertainment          

0.71%

      Transportation - Airlines            

0.45%

      Consumer Cyclical - Restaurants          

0.12%

    SUBTOTAL               

46.42%

   Financial Institutions 


      Banking                      

1.86%

      Other Finance                

0.99%

      Finance                    

0.84%

      Insurance              

0.76%

      Brokerage              

0.37%

    SUBTOTAL                

4.82%

   Utility 


      Electric                       

1.58%

      Natural Gas                 

0.81%

    SUBTOTAL                  

2.39%

SUBTOTAL                    

53.63%

Corporates - Investment Grades 


   Financial Institutions 


     Banking                     

1.85%

      Insurance             

1.63%

      REITS                  

0.48%

      Finance                  

0.47%

      Other Finance              

0.21%

    SUBTOTAL              

4.64%

   Industrial


      Basic                 

1.39%

      Capital Goods              

0.27%

      Consumer Cyclical - Other         

0.18%

      Communications - Telecommunications         

0.17%

      Communications - Media            

0.09%

      Consumer Cyclical - Entertainment       

0.07%

      Transportation - Airlines           

0.07%

      Consumer Non-Cyclical                

0.02%

    SUBTOTAL                 

2.26%

   Non Corporate Sectors 


      Agencies - Not Government Guaranteed     

0.38%

    SUBTOTAL                             

0.38%

   Utility 


      Natural Gas            

0.13%

      Electric                       

0.06%

    SUBTOTAL                      

0.19%

SUBTOTAL                         

7.47%

Governments - Treasuries 


   Treasuries                 

7.32%

SUBTOTAL                  

7.32%

Collateralized Mortgage Obligations 


   Non-Agency Fixed Rate                

3.63%

   Non-Agency Floating Rate              

2.47%

SUBTOTAL                                 

6.10%

Emerging Markets - Sovereigns                

4.30%

Bank Loans  


   Industrial  


      Consumer Non-Cyclical       

0.64%

      Technology                  

0.45%

      Services                   

0.43%

      Consumer Cyclical - Automotive           

0.32%

      Consumer Cyclical - Entertainment         

0.32%

      Basic                            

0.25%

      Other Industrial                  

0.23%

      Consumer Cyclical - Other            

0.19%

      Consumer Cyclical - Retailers          

0.19%

      Capital Goods                     

0.09%

      Communications - Media           

0.08%

      Energy                      

0.07%

    SUBTOTAL                 

3.26%

Non Corporate Sectors 


      Foreign Local Government - Municipal     

0.10%

    SUBTOTAL               

0.10%

Financial Institutions 


      REITS                    

0.01%

    SUBTOTAL                        

0.01%

SUBTOTAL                           

3.37%

Emerging Markets - Corporate Bonds 


   Industrial 


      Consumer Non-Cyclical             

0.86%

      Communications - Media           

0.53%

      Communications - Telecommunications     

0.45%

      Basic                         

0.24%

      Consumer Cyclical - Other        

0.21%

      Technology              

0.19%

      Consumer Cyclical - Retailers        

0.15%

      Capital Goods         

0.12%

      Transportation - Services        

0.10%

      Energy                 

0.09%

    SUBTOTAL                 

2.94%

Financial Institutions 


      Banking               

0.13%

    SUBTOTAL                   

0.13%

SUBTOTAL                    

3.07%

Commercial Mortgage-Backed Securities 


   Non-Agency Fixed Rate CMBS                 

2.33%

   Non-Agency Floating Rate CMBS      

0.36%

SUBTOTAL                          

2.69%

Quasi-Sovereigns 


   Quasi-Sovereign Bonds            

2.15%

SUBTOTAL                     

2.15%

Preferred Stocks 


   Financial Institutions              

1.62%

   Non Corporate Sectors         

0.02%

   Industrial                             

0.01%

SUBTOTAL                    

1.65%

Emerging Markets - Treasuries                   

1.37%

Local Governments - Municipal Bonds            

1.19%

Governments - Sovereign Agencies             

0.91%

Asset-Backed Securities 


   Home Equity Loans - Fixed Rate                 

0.62%

   Home Equity Loans - Floating Rate             

0.14%

SUBTOTAL                           

0.76%

Local Governments - Regional Bonds        

0.55%

Inflation-Linked Securities                 

0.50%

Governments - Sovereign Bonds         

0.41%

Common Stocks                          

0.23%

Supranationals                        

0.12%

Options Purchased - Puts 


   Options on Funds and Investment Trusts       

0.03%

SUBTOTAL                         

0.03%

Short-Term Investments 


   Investment Companies             

2.18%

Total Fixed Income                   

100.00%

 

Country Breakdown



Portfolio %

United States                   

65.61%

Brazil                         

3.74%

United Kingdom                

3.69%

Russia                             

3.31%

Luxembourg                    

1.77%

Canada                             

1.57%

Argentina                            

1.48%

Dominican Republic                 

1.30%

Netherlands                     

1.21%

South Africa              

0.94%

Germany          

0.94%

Turkey                 

0.89%

Switzerland              

0.85%

France                       

0.83%

Cote D'Ivoire                

0.79%

Indonesia                     

0.75%

Italy                         

0.74%

El Salvador               

0.66%

Ireland                       

0.58%

Peru                           

0.57%

Colombia                    

0.53%

United Arab Emirates         

0.52%

Uruguay                  

0.50%

Portugal                

0.50%

Croatia                        

0.45%

Spain                             

0.44%

Kazakhstan                    

0.41%

Australia                           

0.35%

Mexico                        

0.34%

Barbados                     

0.31%

Chile                                

0.31%

Philippines                              

0.30%

Serbia                    

0.25%

Costa Rica                

0.25%

Ghana                     

0.23%

Nigeria                   

0.22%

Norway                   

0.21%

Sweden                     

0.20%

Ukraine                         

0.18%

Trinidad & Tobago              

0.14%

China                          

0.12%

Supranational                 

0.12%

Japan                     

0.12%

Czech Republic             

0.12%

India                      

0.10%

Austria                       

0.09%

Bermuda                        

0.09%

Singapore                     

0.08%

Denmark                       

0.08%

Hong Kong                      

0.07%

Virgin Islands (BVI)            

0.05%

Jamaica                             

0.05%

Greece                               

0.05%

Total Investments                   

100.00%

 

Net Currency Exposure Breakdown



Portfolio %

United States Dollar                           

102.56%

Mexican Peso                

2.07%

New Turkish Lira               

0.99%

Russian Rubles                 

0.93%

Indian Rupee                     

0.73%

Uruguayan Peso                     

0.54%

Dominican Peso               

0.51%

Brazilian Real                 

0.47%

Philippine Peso             

0.33%

Colombian Peso                

0.29%

Costa Rican Colon                

0.27%

Nigerian Naira                     

0.24%

Chilean Peso                      

0.23%

Hungarian Forint                     

0.17%

Australian Dollar                      

0.05%

South African Rand                    

0.03%

Peruvian Nuevo Sol                   

-0.48%

Indonesian Rupiah                  

-0.52%

Euro                                   

-1.34%

Canadian Dollar                    

-2.02%

Japanese Yen                       

-3.01%

Great British Pound                  

-3.04%

Total Investments                      

100.00%

 

Credit Quality Breakdown



Portfolio %

AAA                              

4.11%

AA                          

0.59%

A                          

4.84%

BBB                           

15.03%

BB                      

24.19%

B                        

31.95%

CCC                         

13.69%

CC                        

0.91%

C                      

0.01%

D                             

0.74%

Not Rated                     

1.75%

Short Term Investments             

2.19%

Total Investments         

100.00%

 

Portfolio Statistics:


   Average Coupon:                    

4.53%

   Average Bond Price :

107.17

   Percentage of Leverage: 


      Bank Borrowing:                     

0.00%

      Investment Operations:              

               17.70%*

      Preferred Stock:                     

0.00%

      Tender Option Bonds:             

0.00%

      Term Asset-Backed Loans Facility (TALF):      

0.00%

      Total Fund Leverage:                

17.70%

   Average Maturity:               

                   6.73 Years

   Effective Duration:               

                 4.53 Years

   Total Net Assets:                 

          $1,373.29 Million

   Net Asset Value:                 

$15.93

   Number of Holdings:                 

931

   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.