AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, Jan. 27, 2014 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of December 31, 2013. AllianceBernstein Global High Income Fund, Inc.
Top 10 Fixed Income Holdings |
|
Portfolio % |
|
1) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/17 |
1.13% |
2) Argentina Boden Bonds 7.00%, 10/03/15 |
1.09% |
3) Russian Agricultural Bank OJSC Via RSHB Capital SA 7.75%, 5/29/18 |
1.02% |
4) Ivory Coast Government International Bond 5.75%, 12/31/32 |
0.86% |
5) Dominican Republic International Bond 8.625%, 4/20/27 |
0.71% |
6) Argentina Bonar Bonds Series X 7.00%, 4/17/17 |
0.62% |
7) U.S. Treasury Bonds 5.25%, 2/15/29 |
0.54% |
8) VTB Bank OJSC Via VTB Capital SA 6.875%, 5/29/18 |
0.54% |
9) El Salvador Government International Bond 7.65%, 6/15/35 |
0.53% |
10) Dominican Republic 16.00%, 7/10/20 |
0.49% |
Investment Type |
|
Portfolio % |
|
Corporates - Non-Investment Grades |
|
Industrial |
|
Consumer Non-Cyclical |
8.77% |
Energy |
7.04% |
Communications - Media |
5.93% |
Capital Goods |
5.57% |
Technology |
5.50% |
Basic |
4.87% |
Consumer Cyclical - Other |
2.84% |
Communications - Telecommunications |
2.79% |
Other Industrial |
2.39% |
Consumer Cyclical - Automotive |
2.29% |
Services |
2.22% |
Consumer Cyclical - Retailers |
2.07% |
Transportation - Services |
1.34% |
Consumer Cyclical - Entertainment |
0.57% |
Transportation - Airlines |
0.37% |
Consumer Cyclical - Restaurants |
0.12% |
SUBTOTAL |
54.68% |
Financial Institutions |
|
Banking |
2.58% |
Other Finance |
1.75% |
Finance |
1.33% |
Insurance |
1.08% |
Brokerage |
0.42% |
REITS |
0.14% |
SUBTOTAL |
7.30% |
Credit Default Swaps |
4.39% |
Utility |
|
Electric |
2.03% |
Natural Gas |
1.14% |
SUBTOTAL |
3.17% |
SUBTOTAL |
69.54% |
Governments - Treasuries |
|
Treasury Futures |
35.27% |
Treasuries |
4.94% |
SUBTOTAL |
40.21% |
Corporates - Investment Grades |
|
Financial Institutions |
|
Banking |
1.90% |
Insurance |
1.61% |
REITS |
0.52% |
Finance |
0.33% |
Other Finance |
0.21% |
SUBTOTAL |
4.57% |
Industrial |
|
Basic |
1.83% |
Communications - Telecommunications |
0.30% |
Communications - Media |
0.27% |
Capital Goods |
0.25% |
Other Industrial |
0.16% |
Consumer Non-Cyclical |
0.11% |
Consumer Cyclical - Automotive |
0.08% |
Transportation - Airlines |
0.08% |
Energy |
0.06% |
Consumer Cyclical - Other |
0.02% |
SUBTOTAL |
3.16% |
Credit Default Swaps |
0.83% |
Utility |
|
Natural Gas |
0.26% |
Electric |
0.06% |
SUBTOTAL |
0.32% |
Non Corporate Sectors |
|
Agencies - Not Government Guaranteed |
0.29% |
SUBTOTAL |
0.29% |
SUBTOTAL |
9.17% |
Collateralized Mortgage Obligations |
|
Non-Agency Fixed Rate |
3.61% |
Non-Agency Floating Rate |
2.95% |
SUBTOTAL |
6.56% |
Bank Loans |
|
Industrial |
|
Consumer Non-Cyclical |
0.70% |
Consumer Cyclical - Automotive |
0.64% |
Services |
0.50% |
Consumer Cyclical - Entertainment |
0.45% |
Other Industrial |
0.43% |
Basic |
0.39% |
Consumer Cyclical - Other |
0.36% |
Consumer Cyclical - Retailers |
0.36% |
Technology |
0.30% |
Capital Goods |
0.21% |
Communications - Media |
0.18% |
Energy |
0.08% |
SUBTOTAL |
4.60% |
Non Corporate Sectors |
|
Foreign Local Government - Municipal |
0.14% |
SUBTOTAL |
0.14% |
Financial Institutions |
|
Insurance |
0.04% |
SUBTOTAL |
0.04% |
SUBTOTAL |
4.78% |
Emerging Markets - Sovereigns |
4.36% |
Emerging Markets - Corporate Bonds |
|
Industrial |
|
Consumer Non-Cyclical |
0.90% |
Communications - Telecommunications |
0.72% |
Capital Goods |
0.55% |
Basic |
0.41% |
Consumer Cyclical - Retailers |
0.27% |
Transportation - Airlines |
0.26% |
Consumer Cyclical - Other |
0.25% |
Energy |
0.14% |
Communications - Media |
0.12% |
Transportation - Services |
0.10% |
SUBTOTAL |
3.72% |
Financial Institutions |
|
Banking |
0.23% |
Finance |
0.21% |
SUBTOTAL |
0.44% |
SUBTOTAL |
4.16% |
Preferred Stocks |
|
Financial Institutions |
2.20% |
Industrial |
0.02% |
SUBTOTAL |
2.22% |
Quasi-Sovereigns |
|
Quasi-Sovereign Bonds |
1.74% |
SUBTOTAL |
1.74% |
Commercial Mortgage-Backed Securities |
|
Non-Agency Fixed Rate CMBS |
0.95% |
Non-Agency Floating Rate CMBS |
0.35% |
SUBTOTAL |
1.30% |
Governments - Sovereign Agencies |
1.16% |
Emerging Markets - Treasuries |
1.04% |
Local Governments - Municipal Bonds |
0.98% |
Governments - Sovereign Bonds |
0.89% |
Asset-Backed Securities |
|
Home Equity Loans - Fixed Rate |
0.65% |
Home Equity Loans - Floating Rate |
0.14% |
SUBTOTAL |
0.79% |
Whole Loan Trusts |
|
Performing Asset |
0.45% |
SUBTOTAL |
0.45% |
Local Governments - Regional Bonds |
0.35% |
Inflation-Linked Securities |
0.24% |
Common Stocks |
|
Common Stocks |
|
Common Stocks |
0.22% |
SUBTOTAL |
0.22% |
SUBTOTAL |
0.22% |
Reverse Repurchase Agreements |
-10.59% |
Interest Rate Swaps - SIFMA |
-36.48% |
Net Cash Equivalents |
|
Cash |
0.50% |
Governments - Treasuries |
0.05% |
Investment Companies |
0.02% |
SUBTOTAL |
0.57% |
Derivative Offsets |
|
Swaps Offsets |
31.80% |
Futures Offsets |
-35.46% |
SUBTOTAL |
-3.66% |
100.00% |
|
Country Breakdown |
|
Portfolio % |
|
United States |
64.81% |
United Kingdom |
4.92% |
Russia |
3.18% |
Brazil |
3.04% |
Luxembourg |
1.67% |
Argentina |
1.62% |
Netherlands |
1.60% |
Canada |
1.52% |
Germany |
1.37% |
Dominican Republic |
1.32% |
France |
1.04% |
South Africa |
0.99% |
Mexico |
0.93% |
Ireland |
0.87% |
Switzerland |
0.86% |
Ivory Coast |
0.78% |
Italy |
0.65% |
Bermuda |
0.60% |
El Salvador |
0.59% |
Colombia |
0.58% |
United Arab Emirates |
0.56% |
Indonesia |
0.54% |
Peru |
0.44% |
Spain |
0.43% |
Kazakhstan |
0.38% |
Chile |
0.34% |
Portugal |
0.34% |
Barbados |
0.32% |
Croatia |
0.30% |
Australia |
0.27% |
Costa Rica |
0.26% |
Sweden |
0.25% |
Philippines |
0.24% |
Norway |
0.23% |
Nigeria |
0.22% |
Uruguay |
0.22% |
Singapore |
0.21% |
Serbia |
0.21% |
India |
0.17% |
China |
0.13% |
Belgium |
0.13% |
Japan |
0.13% |
Ghana |
0.13% |
Bahrain |
0.13% |
Austria |
0.11% |
Macau |
0.10% |
Hong Kong |
0.08% |
Denmark |
0.08% |
Virgin Islands (BVI) |
0.06% |
Jamaica |
0.05% |
Total Investments |
100.00% |
Net Currency Exposure Breakdown |
|
Portfolio % |
|
United States Dollar |
97.49% |
Russian Rubles |
0.80% |
Dominican Peso |
0.49% |
Brazilian Real |
0.28% |
Costa Rican Colon |
0.28% |
Philippine Peso |
0.27% |
Uruguayan Peso |
0.24% |
Nigerian Naira |
0.24% |
Chilean Peso |
0.22% |
Hungarian Forint |
0.19% |
Colombian Peso |
0.10% |
Swiss Franc |
0.04% |
Great British Pound |
0.03% |
South African Rand |
0.01% |
Canadian Dollar |
-0.01% |
Australian Dollar |
-0.01% |
Indonesian Rupiah |
-0.03% |
Euro |
-0.15% |
Peruvian Nuevo Sol |
-0.48% |
Total Net Assets |
100.00% |
Credit Rating |
|
Portfolio % |
|
AAA |
-7.98% |
AA |
0.64% |
A |
4.63% |
BBB |
14.22% |
BB |
27.70% |
B |
36.99% |
CCC |
16.24% |
CC |
0.89% |
D |
0.89% |
Not Rated |
2.80% |
Short Term Investments |
0.07% |
N/A |
2.91% |
Total Net Assets |
100.00% |
Bonds By Maturity |
|
Portfolio % |
|
Less than 1 year |
3.24% |
1 to 5 years |
53.21% |
5 to 10 years |
30.07% |
10 to 20 years |
6.48% |
20 to 30 years |
4.93% |
More than 30 years |
1.85% |
Other |
0.22% |
Total Net Assets |
100.00% |
Portfolio Statistics: |
|
Average Coupon: |
8.22% |
Average Bond Price : |
103.27 |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
16.60%* |
Preferred Stock: |
0.00% |
Tender Option Bonds: |
0.00% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
16.60% |
Average Maturity: |
7.01 Years |
Effective Duration: |
5.00 Years |
Total Net Assets: |
$1,283.75 Million |
Net Asset Value: |
$14.89 |
Number of Holdings: |
1106 |
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.
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