AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update

Nov 25, 2013, 16:06 ET from AllianceBernstein Global High Income Fund, Inc.

NEW YORK, Nov. 25, 2013 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of October 31, 2013.



AllianceBernstein Global High Income Fund, Inc.




Top 10 Fixed Income Holdings



Portfolio %

1) U.S. Treasury Bonds 3.625%, 8/15/43

1.24%

2) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/17

1.03%

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

0.93%

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

0.91%

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

0.77%

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

0.65%

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

0.54%

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

0.51%

9) U.S. Treasury Bonds 5.25%, 2/15/29

0.50%

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

7.97%

Energy

6.60%

Communications - Media

5.22%

Capital Goods

5.11%

Technology

4.75%

Basic

4.42%

Consumer Cyclical - Other

2.79%

Communications - Telecommunications

2.62%

Consumer Cyclical - Automotive

2.17%

Other Industrial

2.02%

Services

1.97%

Consumer Cyclical - Retailers

1.84%

Transportation - Services

1.21%





Consumer Cyclical - Entertainment

0.52%

Transportation - Airlines

0.32%

Consumer Cyclical - Restaurants

0.11%

SUBTOTAL

49.64%

Financial Institutions


Banking

1.82%

Other Finance

1.43%

Finance

1.25%

Insurance

0.98%

Brokerage

0.38%

REITS

0.12%

SUBTOTAL

5.98%

Utility


Electric

1.93%

Natural Gas

0.89%

SUBTOTAL

2.82%

SUBTOTAL

58.44%

Corporates - Investment Grades


Financial Institutions


Insurance

1.48%

Banking

1.36%

REITS

0.47%

Finance

0.30%

Other Finance

0.20%

SUBTOTAL

3.81%

Industrial


Basic

1.65%

Communications - Telecommunications

0.27%

Communications - Media

0.24%

Capital Goods

0.22%

Consumer Non-Cyclical

0.10%

Transportation - Airlines

0.07%

Consumer Cyclical - Other

0.02%

Other Industrial

0.01%

SUBTOTAL

2.58%

Non Corporate Sectors


Agencies - Not Government Guaranteed

0.26%

SUBTOTAL

0.26%

Utility


Natural Gas

0.13%

Electric

0.06%

SUBTOTAL

0.19%

SUBTOTAL

6.84%

Governments - Treasuries


Treasuries

5.97%

SUBTOTAL

5.97%

Collateralized Mortgage Obligations


Non-Agency Fixed Rate

3.31%

Non-Agency Floating Rate

2.53%

SUBTOTAL

5.84%

Bank Loans






Industrial


Consumer Cyclical - Automotive

0.74%

Consumer Non-Cyclical

0.73%

Services

0.45%

Consumer Cyclical - Entertainment

0.40%

Consumer Cyclical - Retailers

0.39%

Consumer Cyclical - Other

0.35%

Basic

0.34%

Technology

0.27%

Other Industrial

0.21%

Capital Goods

0.19%

Communications - Media

0.16%

Energy

0.07%

SUBTOTAL

4.30%

Non Corporate Sectors


Foreign Local Government - Municipal

0.13%

SUBTOTAL

0.13%

Financial Institutions


Insurance

0.04%

SUBTOTAL

0.04%

SUBTOTAL

4.47%

Emerging Markets - Sovereigns

4.03%

Emerging Markets - Corporate Bonds


Industrial


Consumer Non-Cyclical

0.88%

Communications - Telecommunications

0.65%

Basic

0.56%

Capital Goods

0.49%

Consumer Cyclical - Retailers

0.34%

Consumer Cyclical - Other

0.22%

Transportation - Airlines

0.18%

Communications - Media

0.10%

Transportation - Services

0.09%

SUBTOTAL

3.51%

Financial Institutions


Banking

0.21%

Finance

0.19%

SUBTOTAL

0.40%

SUBTOTAL

3.91%

Preferred Stocks


Financial Institutions

1.83%

Industrial

0.01%

SUBTOTAL

1.84%

Quasi-Sovereigns


Quasi-Sovereign Bonds

1.57%

SUBTOTAL

1.57%

Commercial Mortgage-Backed Securities


Non-Agency Fixed Rate CMBS

0.86%

Non-Agency Floating Rate CMBS

0.31%

SUBTOTAL

1.17%

Governments - Sovereign Agencies

1.03%





Emerging Markets - Treasuries

0.98%

Local Governments - Municipal Bonds

0.90%

Governments - Sovereign Bonds

0.80%

Asset-Backed Securities


Home Equity Loans - Fixed Rate

0.59%

Home Equity Loans - Floating Rate

0.13%

SUBTOTAL

0.72%

Local Governments - Regional Bonds

0.36%

Inflation-Linked Securities

0.22%

Common Stocks

0.10%

Options Purchased - Puts


Options on Funds and Investment Trusts

0.01%

Swaptions

0.00%

SUBTOTAL

0.01%

Short-Term Investments


Investment Companies

0.75%

Treasury Bills

0.05%

Total Fixed Income

100.00%



Country Breakdown



Portfolio %

United States

66.07%

United Kingdom

4.39%

Brazil

3.36%

Russia

3.16%

Luxembourg

1.71%

Canada

1.54%

Argentina

1.54%

Netherlands

1.41%

Germany

1.36%

Dominican Republic

1.22%

South Africa

1.11%

France

0.88%

Ivory Coast

0.77%

Ireland

0.75%

Switzerland

0.74%

El Salvador

0.63%

Italy

0.61%

Indonesia

0.60%

Bermuda

0.59%

Mexico

0.58%

United Arab Emirates

0.54%

Croatia

0.45%

Peru

0.44%

Spain

0.42%

Colombia

0.40%

Kazakhstan

0.38%

Portugal

0.32%

Barbados

0.31%

Chile

0.30%

Australia

0.27%

Philippines

0.26%

Costa Rica

0.26%

Sweden

0.23%

Ghana

0.23%

Nigeria

0.22%

Norway

0.22%

Uruguay

0.22%

Serbia

0.21%

Singapore

0.21%

Bahrain

0.13%

Belgium

0.13%

China

0.13%

Japan

0.12%

Austria

0.10%

Macau

0.10%

India

0.08%

Denmark

0.08%

Hong Kong

0.07%

Virgin Islands (BVI)

0.06%

Jamaica

0.05%

Greece

0.04%

Total Investments

100.00%



Net Currency Exposure Breakdown



Portfolio %

United States Dollar

95.07%

Mexican Peso

1.99%

Russian Rubles

0.80%

Dominican Peso

0.48%

Brazilian Real

0.44%

Philippine Peso

0.28%

Costa Rican Colon

0.28%

Uruguayan Peso

0.24%

Nigerian Naira

0.24%

Chilean Peso

0.22%

Hungarian Forint

0.18%

Colombian Peso

0.14%

Euro

0.09%

Swiss Franc

0.04%

South African Rand

0.01%

Australian Dollar

-0.01%

Indonesian Rupiah

-0.01%

Canadian Dollar

-0.01%

Peruvian Nuevo Sol

-0.47%

Total Investments

100.00%



Credit Quality Breakdown



Portfolio %

AAA

3.73%

AA

0.58%

A

4.11%

BBB

13.06%

BB

25.45%

B

34.12%

CCC

14.45%

CC

0.80%

D

0.85%

Not Rated

2.04%

Short Term Investments

0.81%

Total Investments

100.00%



Portfolio Statistics:


Average Coupon:

8.10%

Average Bond Price :

103.57

Percentage of Leverage:


Bank Borrowing:

0.00%

Investment Operations:

16.04%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

16.04%

Average Maturity:

7.16 Years

Effective Duration:

4.75 Years

Total Net Assets:

$1,331.29 Million

Net Asset Value:

$15.44

Number of Holdings:

962

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.