AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update

Jun 27, 2013, 16:39 ET from AllianceBernstein Global High Income Fund, Inc.

NEW YORK, June 27, 2013 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of May 31, 2013.

AllianceBernstein Global High Income Fund, Inc.


Top 10 Fixed Income Holdings





Portfolio %


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

1.63%


2) Russian Agricultural Bank OJSC Via RSHB Capital

0.90%


      SA  7.75%, 5/29/18



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

0.82%


4) Ivory Coast Government International Bond            

0.77%


      5.75%, 12/31/32



5) Brazilian Government International Bond            

0.76%


      12.50%, 1/05/22



6) Dominican Republic International Bond 8.625%,        

0.69%


      4/20/27



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

0.58%


8) El Salvador Government International Bond           

0.50%


      7.65%, 6/15/35



9) Dominican Republic International Bond 16.00%,     

0.49%


      7/10/20



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

0.48%





Fixed Income Holdings by Security Type





Portfolio %


Corporates - Non-Investment Grades



  Industrial




Consumer Non-Cyclical               

7.20%



Capital Goods                             

6.06%



Energy                                        

5.84%



Communications - Media               

5.07%



Basic                                            

4.31%



Technology                                     

4.09%



Communications - Telecommunications 

3.06%



Consumer Cyclical - Other                     

2.98%



Other Industrial                                 

2.01%



Consumer Cyclical - Automotive          

1.76%



Services                              

1.72%



Consumer Cyclical - Retailers

1.71%



Transportation - Services        

1.17%



Consumer Cyclical - Entertainment 

0.85%



Transportation - Airlines                  

0.45%



Consumer Cyclical - Restaurants     

0.12%


SUBTOTAL                                    

48.40%


Financial Institutions




Banking                  

2.21%



Other Finance                      

1.14%



Finance                                

1.00%



Insurance                              

0.77%



Brokerage                              

0.36%



REITS                                    

0.12%


SUBTOTAL                     

5.60%


Utility




Electric   

1.55%



Natural Gas                          

0.80%


  SUBTOTAL

2.35%


SUBTOTAL            

56.35%


Governments - Treasuries



  Treasuries                       

7.07%


SUBTOTAL                         

7.07%


Corporates - Investment Grades



  Financial Institutions




Banking                   

1.80%



Insurance                  

1.61%



REITS                        

0.48%



Finance                       

0.22%



Other Finance               

0.20%


SUBTOTAL                    

4.31%


Industrial




Basic      

1.32%



Capital Goods                         

0.26%



Communications - Telecommunications               

0.17%



Communications - Media               

0.09%



Transportation - Airlines                  

0.07%



Consumer Cyclical - Other               

0.06%



Consumer Non-Cyclical                    

0.02%


SUBTOTAL                                       

1.99%


Non Corporate Sectors




Agencies - Not Government Guaranteed       

0.42%


SUBTOTAL                                            

0.42%


Utility




Natural Gas                            

0.13%



Electric                                   

0.06%


  SUBTOTAL                              

0.19%


SUBTOTAL                               

6.91%


Collateralized Mortgage Obligations




Non-Agency Fixed Rate                  

3.76%



Non-Agency Floating Rate               

2.60%


SUBTOTAL                                      

6.36%


Emerging Markets - Sovereigns          

4.15%


Bank Loans



Industrial




Consumer Non-Cyclical                       

0.85%



Technology                                       

0.58%



Consumer Cyclical - Retailers             

0.49%



Consumer Cyclical - Entertainment          

0.37%



Basic                                         

0.33%



Consumer Cyclical - Automotive    

0.32%



Services                                  

0.29%



Consumer Cyclical - Other         

0.19%



Other Industrial                          

0.16%



Capital Goods                            

0.09%



Energy                                       

0.07%



Communications - Media              

0.01%


SUBTOTAL               

3.75%


Non Corporate Sectors




Foreign Local Government - Municipal      

0.11%


SUBTOTAL                                          

0.11%


Financial Institutions




REITS                      

0.01%


  SUBTOTAL                

0.01%


SUBTOTAL                 

3.87%


Emerging Markets - Corporate Bonds



  Industrial




Consumer Non-Cyclical                  

0.84%



Communications - Media                 

0.53%



Communications - Telecommunications  

0.44%



Consumer Cyclical - Other                      

0.21%



Technology                                       

0.19%



Basic                                     

0.14%



Consumer Cyclical - Retailers   

0.14%



Capital Goods                          

0.13%



Transportation - Services            

0.11%



Energy                                      

0.09%


  SUBTOTAL                               

2.82%


  Financial Institutions




Banking                   

0.13%


  SUBTOTAL                

0.13%


SUBTOTAL                 

2.95%


Commercial Mortgage-Backed Securities




Non-Agency Fixed Rate CMBS               

2.29%



Non-Agency Floating Rate CMBS            

0.10%


SUBTOTAL                                             

2.39%


Quasi-Sovereigns




Quasi-Sovereign Bonds                         

2.12%


SUBTOTAL                                           

2.12%


Preferred Stocks




Financial Institutions                          

1.61%



Non Corporate Sectors                        

0.03%



Industrial                                             

0.01%


SUBTOTAL                                         

1.65%


Emerging Markets - Treasuries              

1.08%


Local Governments - Municipal Bonds     

1.02%


Governments - Sovereign Agencies           

0.90%


Asset-Backed Securities




Home Equity Loans - Fixed Rate              

0.63%



Home Equity Loans - Floating Rate           

0.14%


SUBTOTAL                                              

0.77%


Local Governments - Regional Bonds          

0.52%


Inflation-Linked Securities                           

0.47%


Governments - Sovereign Bonds                   

0.41%


Common Stocks                                          

0.24%


Supranationals                               

0.12%


Options Purchased - Puts




Options on Funds and Investment Trusts      

0.05%



Options on Forward Contracts                      

0.02%


SUBTOTAL                                                

0.07%


Short-Term Investments




Investment Companies   

0.58%


Total Fixed Income          

100.00%



Country Breakdown





Portfolio %


United States                               

65.47%


United Kingdom                            

3.93%


Brazil                                          

3.53%


Russia                                            

3.24%


Luxembourg                                     

1.86%


Canada                                            

1.69%


Argentina                                           

1.46%


Dominican Republic                           

1.32%


Netherlands                                       

1.19%


Germany                                             

1.02%


France                                               

0.90%


Switzerland                                         

0.85%


South Africa                                       

0.85%


Turkey                                               

0.84%


Ivory Coast                                        

0.77%


Italy                                                  

0.73%


Indonesia                                         

0.72%


El Salvador                                      

0.61%


Ireland                                              

0.59%


United Arab Emirates                           

0.51%


Peru                                                    

0.51%


Spain                                               

0.50%


Portugal                                           

0.50%


Colombia                                          

0.49%


Uruguay                                            

0.47%


Croatia                                              

0.44%


Kazakhstan                                          

0.39%


Australia                                             

0.37%


Mexico                                               

0.34%


Chile                                                

0.31%


Barbados                                         

0.31%


Philippines                                         

0.28%


Costa Rica                                        

0.25%


Ghana                                                

0.23%


Norway                                              

0.22%


Nigeria                                               

0.22%


Serbia                                                

0.21%


Singapore                                          

0.21%


Sweden                                             

0.19%


Ukraine                                              

0.18%


Trinidad & Tobago                                  

0.14%


Belgium                                                

0.12%


China                                                 

0.12%


Japan                                                  

0.12%


Supranational                                        

0.12%


Czech Republic                                     

0.11%


Bermuda                                               

0.09%


Austria                                                

0.09%


Denmark                                              

0.08%


Greece                                               

0.08%


Hong Kong                                            

0.07%


India                                                    

0.06%


Jamaica                                               

0.05%


Virgin Islands (BVI)                                

0.05%


Total Investments                                     

100.00%



Net Currency Exposure Breakdown





Portfolio %


United States Dollar                               

104.73%


Mexican Peso                                         

1.98%


New Turkish Lira                                   

1.96%


Russian Rubles                                        

0.91%


Indian Rupee                                            

0.70%


Dominican Peso                                        

0.54%


Uruguayan Peso                                       

0.51%


Brazilian Real                                           

0.38%


Philippine Peso                                        

0.31%


Costa Rican Colon                                    

0.27%


Colombian Peso                                       

0.26%


Nigerian Naira                                          

0.24%


Chilean Peso                                           

0.22%


Hungarian Forint                                       

0.17%


Indonesian Rupiah                                    

-0.02%


Peruvian Nuevo Sol                                    

-0.46%


Euro                                                  

-1.71%


Canadian Dollar                                    

-1.98%


Japanese Yen                                       

-2.09%


Great British Pound                               

-2.93%


Australian Dollar                                      

-3.99%


Total Investments                                    

100.00%



Credit Quality Breakdown





Portfolio %



AAA                                            

3.61%



AA                                             

0.57%



A                                              

4.51%



BBB                                          

14.72%



BB                                             

24.69%



B                                              

32.73%



CCC                                          

14.87%



CC                                             

0.92%



D                                              

0.69%



Not Rated                                   

2.11%



Short Term Investments                

0.58%



Total Investments                          

100.00%



 Portfolio Statistics:



Average Coupon:                            

8.49%


Average Bond Price :                       

105.50


Percentage of Leverage:




Bank Borrowing:           

0.00%



Investment Operations:  

                           22.11%*



Preferred Stock:             

0.00%



Tender Option Bonds:      

0.00%



Term Asset-Backed Loans Facility (TALF):    

0.00%



Total Fund Leverage:                               

22.11%


Average Maturity:                              

7.12 Years


Effective Duration:                           

4.73 Years


Total Net Assets:                         

$1,361.85 Million


Net Asset Value:                          

$15.79


Number of Holdings:                     

955


Portfolio Turnover:                          

38%

* 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.