AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update

Oct 29, 2013, 16:06 ET from AllianceBernstein Global High Income Fund, Inc.

NEW YORK, Oct. 29, 2013 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of September 30, 2013.


 

AllianceBernstein Global High Income Fund, Inc.


Top 10 Fixed Income Holdings



Portfolio %

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

0.94%

2) Russian Agricultural Bank OJSC Via RSHB Capital SA 7.75%, 5/29/18

0.93%

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

0.78%

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

0.69%

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

0.65%

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

0.53%

7) El Salvador Government International Bond 7.65%, 6/15/35

0.51%

8) VTB Bank OJSC Via VTB Capital SA 6.875%, 5/29/18

0.49%

9) Gardner Denver, Inc. 6.875%, 8/15/21

0.45%

10) Dominican Republic 16.00%, 7/10/20

0.44%

Fixed Income Holdings by Security Type



Portfolio %

Corporates - Non-Investment Grades


Industrial


Consumer Non-Cyclical

8.14%

Energy

6.38%

Capital Goods

5.32%

Communications - Media

5.05%

Technology

4.45%

Basic

4.39%

Consumer Cyclical - Other

2.74%

Communications - Telecommunications

2.39%

Consumer Cyclical - Automotive

2.25%

Services

2.07%

Other Industrial

2.06%

Consumer Cyclical - Retailers

1.84%

Transportation - Services

1.22%

Consumer Cyclical - Entertainment

0.65%

Transportation - Airlines

0.34%

Consumer Cyclical - Restaurants

0.11%

SUBTOTAL

49.40%

Financial Institutions


Banking

1.82%

Other Finance

1.68%

Finance

0.97%

Insurance

0.97%

Brokerage

0.39%

REITS

0.12%

SUBTOTAL

5.95%

Utility


Electric

1.68%

Natural Gas

0.85%

SUBTOTAL

2.53%

SUBTOTAL

57.88%

Corporates - Investment Grades


Financial Institutions


Insurance

1.50%

Banking

1.38%

REITS

0.47%

Finance

0.30%

Other Finance

0.20%

SUBTOTAL

3.85%

Industrial


Basic

1.57%

Communications - Media

0.24%

Capital Goods

0.23%

Communications - Telecommunications

0.17%

Transportation - Airlines

0.07%

Consumer Cyclical - Other

0.02%

SUBTOTAL

2.30%

Non Corporate Sectors


Agencies - Not Government Guaranteed

0.26%

SUBTOTAL

0.26%

Utility


Natural Gas

0.14%

Electric

0.06%

SUBTOTAL

0.20%

SUBTOTAL

6.61%

Collateralized Mortgage Obligations


Non-Agency Fixed Rate

3.42%

Non-Agency Floating Rate

2.54%

SUBTOTAL

5.96%

Governments - Treasuries


Treasuries

4.76%

SUBTOTAL

4.76%

Bank Loans


Industrial


Consumer Non-Cyclical

0.90%

Consumer Cyclical - Automotive

0.76%

Technology

0.49%

Services

0.46%

Consumer Cyclical - Entertainment

0.41%

Basic

0.39%

Consumer Cyclical - Retailers

0.30%

Capital Goods

0.19%

Communications - Media

0.16%

Other Industrial

0.16%

Energy

0.08%

Consumer Cyclical - Other

0.03%

SUBTOTAL

4.33%

Non Corporate Sectors


Foreign Local Government - Municipal

0.13%

SUBTOTAL

0.13%

Financial Institutions


Insurance

0.04%

SUBTOTAL

0.04%

SUBTOTAL

4.50%

Emerging Markets - Corporate Bonds


Industrial


Consumer Non-Cyclical

1.01%

Communications - Telecommunications

0.70%

Capital Goods

0.50%

Basic

0.46%

Consumer Cyclical - Retailers

0.33%

Consumer Cyclical - Other

0.22%

Transportation - Airlines

0.18%

Communications - Media

0.11%

Transportation - Services

0.10%

SUBTOTAL

3.61%

Financial Institutions


Banking

0.22%

Finance

0.19%

SUBTOTAL

0.41%

SUBTOTAL

4.02%

Emerging Markets - Sovereigns

4.02%

Commercial Mortgage-Backed Securities


Non-Agency Fixed Rate CMBS

1.85%

Non-Agency Floating Rate CMBS

0.32%

SUBTOTAL

2.17%

Preferred Stocks


Financial Institutions

1.86%

Industrial

0.01%

SUBTOTAL

1.87%

Quasi-Sovereigns


Quasi-Sovereign Bonds

1.60%

SUBTOTAL

1.60%

Governments - Sovereign Agencies

1.04%

Emerging Markets - Treasuries

0.97%

Local Governments - Municipal Bonds

0.92%

Governments - Sovereign Bonds

0.81%

Asset-Backed Securities


Home Equity Loans - Fixed Rate

0.61%

Home Equity Loans - Floating Rate

0.13%

SUBTOTAL

0.74%

Local Governments - Regional Bonds

0.37%

Inflation-Linked Securities

0.22%

Common Stocks

0.19%

Options Purchased - Puts


Options on Funds and Investment Trusts

0.02%

SUBTOTAL

0.02%

Credit Default Swap Options


Swaptions

0.01%

SUBTOTAL

0.01%

Short-Term Investments


Investment Companies

1.27%

Governments - Treasuries

0.05%

Total Fixed Income

100.00%

Country Breakdown



Portfolio %

United States

66.06%

United Kingdom

4.32%

Brazil

3.31%

Russia

3.21%

Luxembourg

1.66%

Canada

1.56%

Argentina

1.52%

Netherlands

1.42%

Germany

1.41%

Dominican Republic

1.22%

South Africa

1.02%

France

0.87%

Ireland

0.79%

Ivory Coast

0.78%

Switzerland

0.75%

El Salvador

0.62%

Bermuda

0.60%

Mexico

0.59%

Indonesia

0.58%

United Arab Emirates

0.55%

Italy

0.53%

Spain

0.47%

Croatia

0.46%

Peru

0.45%

Colombia

0.45%

Kazakhstan

0.38%

Portugal

0.33%

Barbados

0.32%

Chile

0.31%

Australia

0.27%

Philippines

0.26%

Costa Rica

0.26%

Sweden

0.23%

Ghana

0.23%

Norway

0.23%

Nigeria

0.22%

Singapore

0.22%

Uruguay

0.22%

Serbia

0.21%

China

0.13%

Bahrain

0.13%

Belgium

0.13%

Japan

0.13%

Austria

0.10%

Macau

0.10%

Denmark

0.08%

India

0.08%

Hong Kong

0.07%

Virgin Islands (BVI)

0.06%

Jamaica

0.05%

Greece

0.05%

Total Investments

100.00%

Net Currency Exposure Breakdown



Portfolio %

United States Dollar

102.65%

Mexican Peso

1.99%

Russian Rubles

0.79%

Dominican Peso

0.46%

Brazilian Real

0.44%

Philippine Peso

0.28%

Costa Rican Colon

0.28%

Uruguayan Peso

0.23%

Nigerian Naira

0.23%

Chilean Peso

0.22%

Colombian Peso

0.19%

Hungarian Forint

0.18%

Swiss Franc

0.04%

South African Rand

0.01%

Canadian Dollar

-0.01%

New Turkish Lira

-0.03%

Indonesian Rupiah

-0.03%

Peruvian Nuevo Sol

-0.47%

Euro

-1.37%

Great British Pound

-2.13%

Australian Dollar

-3.95%

Total Investments

100.00%

Credit Quality Breakdown



Portfolio %

AAA

2.62%

AA

0.59%

A

4.22%

BBB

13.43%

BB

24.91%

B

34.27%

CCC

14.86%

CC

0.83%

D

0.86%

Not Rated

2.08%

Short Term Investments

1.33%

Total Investments

100.00%

Portfolio Statistics:


Average Coupon:

8.18%

Average Bond Price :

102.25

Percentage of Leverage:


Bank Borrowing:

0.00%

Investment Operations:

17.37%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

17.37%

Average Maturity:

6.86 Years

Effective Duration:

4.73 Years

Total Net Assets:

$1,319.32 Million

Net Asset Value:

$15.17

Number of Holdings:

946

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.