AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update

27 Jun, 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.