AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update

Aug 27, 2013, 16:06 ET from AllianceBernstein Global High Income Fund, Inc.

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

AllianceBernstein Global High Income Fund, Inc. 



Top 10 Fixed Income Holdings 



Portfolio %

1) Russian Agricultural Bank OJSC Via RSHB Capital 

     SA 7.75%, 5/29/18  

0.92%

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

0.92%

3) Ivory Coast Government International Bond  

     5.75%, 12/31/32     

0.77%

4) Brazilian Government International Bond 

     12.50%, 1/05/22        

0.68%

5) Dominican Republic International Bond 8.625%, 

     4/20/27

0.66%

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

0.56%

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

0.53%

8) El Salvador Government International Bond

     7.65%, 6/15/35 

0.49%

9) Dominican Republic International Bond 16.00%, 

     7/10/20     

0.49%

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

     5/29/18      

0.48%





Fixed Income Holdings by Security Type



Portfolio %

Corporates - Non-Investment Grades


     Industrial


          Consumer Non-Cyclical            

7.52%

          Energy               

5.79%

          Capital Goods              

5.48%

          Communications - Media              

5.25%

          Technology           

4.72%

          Basic                 

4.27%

          Communications - Telecommunications      

2.73%

          Consumer Cyclical - Other            

2.66%

          Consumer Cyclical - Automotive       

2.19%

          Other Industrial                    

2.05%

          Services                        

1.86%

          Consumer Cyclical - Retailers         

1.74%

          Transportation - Services          

1.22%

          Consumer Cyclical - Entertainment         

0.80%

          Transportation - Airlines            

0.27%

          Consumer Cyclical - Restaurants        

0.11%

     SUBTOTAL                           

48.66%

Financial Institutions


          Banking                 

2.26%

          Other Finance                    

1.61%

          Insurance                       

0.94%

          Finance                         

0.79%

          Brokerage                  

0.38%

          REITS                  

0.12%

     SUBTOTAL                 

6.10%

Utility  


          Electric             

1.60%

          Natural Gas        

0.78%

     SUBTOTAL         

2.38%

 SUBTOTAL          

57.14%

Corporates - Investment Grades


     Financial Institutions


          Insurance                  

1.49%

          Banking                     

1.25%

          REITS                        

0.47%

          Finance                       

0.23%

          Other Finance               

0.20%

     SUBTOTAL                    

3.64%

Industrial


          Basic                       

1.55%

          Capital Goods            

0.23%

          Communications - Media            

0.22%

          Communications - Telecommunications      

0.17%

          Transportation - Airlines          

0.07%

          Consumer Cyclical - Other          

0.02%

     SUBTOTAL                       

2.26%

Non Corporate Sectors


          Agencies - Not Government Guaranteed          

0.39%

  SUBTOTAL                          

0.39%

Utility      


          Natural Gas                      

0.14%

          Electric                             

0.06%

     SUBTOTAL                        

0.20%

SUBTOTAL                         

6.49%

Collateralized Mortgage Obligations  


     Non-Agency Fixed Rate              

3.67%

     Non-Agency Floating Rate           

2.40%

SUBTOTAL                                 

6.07%

 Governments - Treasuries


     Treasuries               

5.03%

 SUBTOTAL               

5.03%

Bank Loans 


     Industrial 


          Consumer Non-Cyclical      

0.90%

          Consumer Cyclical - Automotive            

0.75%

          Technology                    

0.61%

          Consumer Cyclical - Entertainment    

0.51%

          Services                      

0.46%

          Basic                         

0.38%

          Consumer Cyclical - Retailers   

0.36%

          Capital Goods                

0.19%

          Communications - Media       

0.16%

          Other Industrial                   

0.16%

          Energy                                

0.08%

          Consumer Cyclical - Other             

0.03%

     SUBTOTAL                                

4.59%

Non Corporate Sectors  


          Foreign Local Government - Municipal      

0.12%

     SUBTOTAL                        

0.12%

 SUBTOTAL                                 

4.71%

Emerging Markets - Corporate Bonds


     Industrial 


          Consumer Non-Cyclical               

1.18%

          Communications - Telecommunications        

0.70%

          Capital Goods          

0.49%

          Basic                       

0.45%

          Communications - Media              

0.21%

          Consumer Cyclical - Other             

0.21%

          Transportation - Airlines                  

0.18%

          Consumer Cyclical - Retailers          

0.14%

          Transportation - Services                  

0.11%

     SUBTOTAL                                      

3.67%

Financial Institutions           


          Banking                            

0.23%

          Finance                             

0.18%

     SUBTOTAL                         

0.41%

 SUBTOTAL                          

4.08%

Emerging Markets - Sovereigns                

4.02%

Commercial Mortgage-Backed Securities   


     Non-Agency Fixed Rate CMBS                   

2.05%

     Non-Agency Floating Rate CMBS                

0.32%

 SUBTOTAL                                      

2.37%

Preferred Stocks  


     Financial Institutions                     

2.11%

     Industrial                                      

0.01%

 SUBTOTAL                                   

2.12%

Quasi-Sovereigns     


     Quasi-Sovereign Bonds                   

2.04%

 SUBTOTAL                                

2.04%

Emerging Markets - Treasuries     

1.04%

Governments - Sovereign Agencies           

0.93%

Local Governments - Municipal Bonds        

0.93%

Governments - Sovereign Bonds                  

0.80%

Asset-Backed Securities 


     Home Equity Loans - Fixed Rate             

0.62%

     Home Equity Loans - Floating Rate          

0.13%

 SUBTOTAL                           

0.75%

Local Governments - Regional Bonds        

0.50%

Inflation-Linked Securities                

0.23%

Common Stocks                        

0.20%

Supranationals                            

0.13%

Options Purchased - Puts  


     Swaptions                          

0.02%

     Options on Funds and Investment Trusts          

0.01%

 SUBTOTAL                                              

0.03%

Short-Term Investments       


     Investment Companies          

0.39%

Total Fixed Income                  

100.00%





Country Breakdown



  Portfolio %

United States

65.37%

United Kingdom                     

4.12%

Brazil                                     

3.41%

Russia                                    

3.28%

Argentina                                 

1.63%

Luxembourg                              

1.61%

Canada                                      

1.48%

Netherlands                                 

1.40%

Germany                                      

1.30%

Dominican Republic                       

1.28%

South Africa                                   

1.00%

France                                            

0.82%

Ireland                                             

0.80%

Italy                             

0.77%

Ivory Coast                    

0.77%

Indonesia                       

0.65%

Switzerland                     

0.61%

El Salvador                      

0.61%

Bermuda                          

0.58%

Turkey                              

0.56%

United Arab Emirates          

0.53%

Peru                                   

0.47%

Croatia                                

0.45%

Colombia                              

0.45%

Spain                                    

0.45%

Mexico                                   

0.40%

Kazakhstan                             

0.38%

Barbados                                 

0.32%

Chile                                        

0.32%

Portugal                                    

0.32%

Australia                               

0.27%

Costa Rica                             

0.27%

Philippines                              

0.26%

Uruguay                                   

0.23%

Ghana                                      

0.23%

Singapore                                  

0.22%

Sweden                     

0.22%

Norway                       

0.22%

Serbia                         

0.21%

Nigeria                         

0.21%

Trinidad & Tobago          

0.15%

Bahrain                          

0.13%

Supranational                  

0.13%

Belgium                           

0.13%

Japan                               

0.13%

Czech Republic                  

0.12%

China                                 

0.12%

Austria                                

0.10%

Greece                                 

0.09%

Denmark                               

0.08%

India                                      

0.08%

Ukraine                                   

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                 

106.72%

Mexican Peso                          

2.05%

Russian Rubles                         

0.77%

Dominican Peso                         

0.52%

Brazilian Real                              

0.46%

Costa Rican Colon                        

0.28%

Philippine Peso               

0.28%

Uruguayan Peso              

0.24%

Nigerian Naira                   

0.23%

Chilean Peso                     

0.22%

Colombian Peso                 

0.20%

Hungarian Forint                  

0.18%

Swiss Franc                         

0.04%

New Turkish Lira                

-0.02%

Indonesian Rupiah              

-0.11%

Peruvian Nuevo Sol              

-0.47%

Euro                                     

-1.51%

Japanese Yen                        

-1.94%

Canadian Dollar                       

-2.06%

Great British Pound                  

-2.10%

Australian Dollar                        

-3.98%

Total Investments                       

100.00%





     Credit Quality Breakdown



Portfolio %

          AAA                    

2.12%

          AA                       

0.58%

          A                          

4.29%

          BBB                 

14.09%

          BB                    

24.67%

          B                       

35.02%

          CCC                   

14.74%

          CC                      

0.85%

          D                         

0.76%

          Not Rated              

2.49%

          Short Term Investments            

0.39%

          Total Investments                      

100.00%





Portfolio Statistics:


     Average Coupon:                  

8.42%

     Average Bond Price :             

103.03

     Percentage of Leverage:


          Bank Borrowing:                   

0.00%

          Investment Operations:          

                   20.33%*

          Preferred Stock:                     

0.00%

          Tender Option Bonds:              

0.00%

          Term Asset-Backed Loans Facility (TALF):    

0.00%

          Total Fund Leverage:            

20.33%

     Average Maturity:                  

                6.72 Years

     Effective Duration:                  

              4.72 Years

     Total Net Assets:                    

       $1,319.72 Million

     Net Asset Value:                  

$15.30

     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.