AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update

Jul 30, 2013, 16:06 ET from AllianceBernstein Global High Income Fund, Inc.

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

AllianceBernstein Global High Income Fund, Inc.



Top 10 Fixed Income Holdings



Portfolio %

     1)   Russian Agricultural Bank OJSC Via RSHB Capital           

0.91%

            SA  7.75%, 5/29/18


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

0.85%

     3)   Ivory Coast Government International Bond                 

0.71%

           5.75%, 12/31/32


     4)   Brazilian Government International Bond                   

0.69%

           12.50%, 1/05/22


     5)   Dominican Republic International Bond 8.625%,             

0.68%

           4/20/27


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

0.57%

     7)   Dominican Republic International Bond 16.00%,             

0.51%

           7/10/20


     8)   El Salvador Government International Bond                 

0.48%

            7.65%, 6/15/35


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

0.48%

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

0.47%

           5/29/18




Fixed Income Holdings by Security Type



Portfolio %

     Corporates - Non-Investment Grades


          Industrial


               Consumer Non-Cyclical                             

7.11%

               Capital Goods                                     

5.73%

               Energy                                            

5.62%

               Communications - Media                            

4.94%

               Technology                                        

4.48%

               Basic                                             

3.79%

               Communications - Telecommunications               

2.85%

               Consumer Cyclical - Other                         

2.72%

               Other Industrial                                  

2.11%

               Consumer Cyclical - Automotive                    

1.81%

               Services                                          

1.81%

               Consumer Cyclical - Retailers                     

1.76%

               Transportation - Services                         

1.20%

               Consumer Cyclical - Entertainment                 

0.84%

               Transportation - Airlines                         

0.27%

               Consumer Cyclical - Restaurants                   

0.12%

          SUBTOTAL                                             

47.16%

     Financial Institutions


               Banking                                           

2.24%

               Other Finance                                     

1.10%

               Insurance                                         

0.78%

               Finance                                           

0.73%

               Brokerage                                         

0.37%

               REITS                                             

0.12%

          SUBTOTAL                                              

5.34%

     Utility


               Electric                                          

1.57%

               Natural Gas                                       

0.75%

          SUBTOTAL                                              

2.32%

SUBTOTAL                                                  

54.82%

Corporates - Investment Grades


      Financial Institutions


               Banking                                           

1.74%

               Insurance                                         

1.54%

               REITS                                             

0.46%

               Finance                                           

0.32%

               Other Finance                                     

0.20%

          SUBTOTAL                                              

4.26%

     Industrial


               Basic                                             

1.55%

               Capital Goods                                     

0.23%

               Communications - Telecommunications               

0.17%

               Communications - Media                            

0.10%

               Transportation - Airlines                         

0.07%

               Consumer Cyclical - Other                         

0.05%

               Consumer Non-Cyclical                             

0.02%

          SUBTOTAL                                              

2.19%

     Non Corporate Sectors


               Agencies - Not Government Guaranteed              

0.38%

          SUBTOTAL                                              

0.38%

     Utility


               Natural Gas                                       

0.14%

               Electric                                          

0.06%

          SUBTOTAL                                              

0.20%

SUBTOTAL                                                   

7.03%

Collateralized Mortgage Obligations


     Non-Agency Fixed Rate                                  

3.60%

     Non-Agency Floating Rate                               

2.66%

SUBTOTAL                                                   

6.26%

Governments - Treasuries


     Treasuries                                             

5.08%

SUBTOTAL                                                   

5.08%

Bank Loans


     Industrial


               Consumer Non-Cyclical                             

0.74%

               Consumer Cyclical - Automotive                    

0.74%

               Technology                                        

0.61%

               Consumer Cyclical - Entertainment                 

0.59%

               Services                                          

0.45%

               Basic                                             

0.38%

               Consumer Cyclical - Retailers                     

0.35%

               Consumer Cyclical - Other                         

0.18%

               Communications - Media                            

0.16%

               Capital Goods                                     

0.10%

               Other Industrial                                  

0.10%

               Energy                                            

0.08%

          SUBTOTAL                                              

4.48%

     Non Corporate Sectors


               Foreign Local Government - Municipal              

0.11%

          SUBTOTAL                                              

0.11%

SUBTOTAL                                                   

4.59%

Emerging Markets - Corporate Bonds


     Industrial


               Consumer Non-Cyclical                             

1.20%

               Communications - Telecommunications               

0.69%

               Communications - Media                            

0.54%

               Basic                                             

0.44%

               Capital Goods                                     

0.44%

               Consumer Cyclical - Other                         

0.21%

               Transportation - Airlines                         

0.18%

               Consumer Cyclical - Retailers                     

0.14%

               Transportation - Services                         

0.11%

               Energy                                            

0.09%

          SUBTOTAL                                              

4.04%

     Financial Institutions


               Banking                                           

0.22%

               Finance                                           

0.18%

          SUBTOTAL                                              

0.40%

SUBTOTAL                                                   

4.44%

Emerging Markets - Sovereigns                              

3.83%

Commercial Mortgage-Backed Securities


     Non-Agency Fixed Rate CMBS                             

2.21%

     Non-Agency Floating Rate CMBS                          

0.22%

 SUBTOTAL                                                   

2.43%

Quasi-Sovereigns


     Quasi-Sovereign Bonds                                  

2.12%

SUBTOTAL                                                   

2.12%

Preferred Stocks


     Financial Institutions                                 

1.63%

     Industrial                                             

0.01%

SUBTOTAL                                                   

1.64%

Emerging Markets - Treasuries                              

1.05%

Local Governments - Municipal Bonds                        

0.96%

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%

Governments - Sovereign Bonds                              

0.65%

Local Governments - Regional Bonds                         

0.48%

Inflation-Linked Securities                                

0.25%

Common Stocks                                              

0.20%

Supranationals                                             

0.13%

Options Purchased - Puts


     Options on Funds and Investment Trusts                 

0.08%

SUBTOTAL                                                   

0.08%

Short-Term Investments


     Investment Companies                                   

1.19%

     Repurchase Agreements                                  

1.10%

Total Fixed Income                                       

100.00%



Country Breakdown



Portfolio %

United States                                             

66.46%

United Kingdom                                             

4.09%

Brazil                                                     

3.42%

Russia                                                     

3.23%

Luxembourg                                                 

1.60%

Argentina                                                  

1.49%

Canada                                                     

1.38%

Dominican Republic                                         

1.32%

Netherlands                                                

1.22%

Germany                                                    

1.00%

France                                                     

0.91%

South Africa                                               

0.87%

Switzerland                                                

0.84%

Ireland                                                    

0.81%

Italy                                                      

0.75%

Ivory Coast                                                

0.71%

Indonesia                                                  

0.70%

El Salvador                                                

0.59%

Turkey                                                     

0.57%

Portugal                                                   

0.51%

United Arab Emirates                                       

0.51%

Peru                                                       

0.49%

Colombia                                                   

0.45%

Croatia                                                    

0.44%

Spain                                                      

0.43%

Kazakhstan                                                 

0.37%

Mexico                                                     

0.35%

Chile                                                      

0.32%

Barbados                                                   

0.32%

Australia                                                  

0.26%

Philippines                                                

0.25%

Uruguay                                                    

0.25%

Costa Rica                                                 

0.23%

Singapore                                                  

0.22%

Ghana                                                      

0.22%

Norway                                                     

0.22%

Nigeria                                                    

0.21%

Serbia                                                     

0.21%

Sweden                                                     

0.21%

Ukraine                                                    

0.18%

Trinidad & Tobago                                          

0.15%

Supranational                                              

0.13%

Belgium                                                    

0.13%

Japan                                                      

0.13%

Czech Republic                                             

0.12%

China                                                      

0.12%

Austria                                                    

0.09%

Greece                                                     

0.09%

Bermuda                                                    

0.09%

Denmark                                                    

0.08%

India                                                      

0.08%

Hong Kong                                                  

0.07%

Virgin Islands (BVI)                                       

0.06%

Jamaica                                                    

0.05%

Total Investments                                        

100.00%



Net Currency Exposure Breakdown



Portfolio %

United States Dollar                                     

106.11%

Mexican Peso                                               

2.04%

New Turkish Lira                                           

0.95%

Russian Rubles                                             

0.78%

Indian Rupee                                               

0.69%

Dominican Peso                                             

0.55%

Brazilian Real                                             

0.47%

Philippine Peso                                            

0.27%

Uruguayan Peso                                             

0.27%

Costa Rican Colon                                          

0.25%

Nigerian Naira                                             

0.23%

Chilean Peso                                               

0.23%

Colombian Peso                                             

0.20%

Hungarian Forint                                           

0.18%

South African Rand                                        

-0.01%

Indonesian Rupiah                                         

-0.08%

Peruvian Nuevo Sol                                        

-0.48%

Euro                                                      

-1.66%

Japanese Yen                                              

-1.93%

Canadian Dollar                                           

-2.04%

Great British Pound                                       

-3.03%

Australian Dollar                                         

-3.99%

Total Investments                                        

100.00%



          Credit Quality Breakdown



Portfolio %

               AAA                                             

2.00%

               AA                                              

0.57%

               A                                               

4.42%

               BBB                                            

14.22%

               BB                                             

24.25%

               B                                              

33.48%

               CCC                                            

14.61%

               CC                                              

0.86%

               D                                               

0.77%

               Not Rated                                       

2.52%

               Short Term Investments                          

2.30%

               Total Investments                             

100.00%



Portfolio Statistics:


     Average Coupon:                                        

8.44%

     Average Bond Price :                                  

101.98

     Percentage of Leverage:


          Bank Borrowing:                                     

0.00%

          Investment Operations:                            

20.39%*

          Preferred Stock:                                    

0.00%

          Tender Option Bonds:                                

0.00%

          Term Asset-Backed Loans Facility (TALF):            

0.00%

          Total Fund Leverage:                               

20.39%

     Average Maturity:                                 

7.06 Years

     Effective Duration:                               

4.83 Years

     Total Net Assets:                          

$1,306.72 Million

     Net Asset Value:                                      

$15.15

     Number of Holdings:                                      

942

     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.