AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update

Feb 24, 2014, 16:19 ET from AllianceBernstein Global High Income Fund, Inc.

NEW YORK, Feb. 24, 2014 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of January 31, 2014.

 

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

1.76%

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

0.94%

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

0.83%

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

0.70%

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

0.56%

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

0.53%

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

0.52%

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

0.51%

9) Dominican Republic International Bond 16.00%, 7/10/20

0.49%

10) South Africa Government Bond Series R207 7.25%, 1/15/20

0.40%



Investment Type



Portfolio %

Corporates - Non-Investment Grades


Industrial


Consumer Non-Cyclical

8.50%

Energy

6.90%

Communications - Media

5.90%

Technology

5.21%

Capital Goods

5.15%

Basic

4.51%

Consumer Cyclical - Other

2.83%

Communications - Telecommunications

2.72%

Other Industrial

2.38%

Services

2.20%

Consumer Cyclical - Retailers

1.98%

Consumer Cyclical - Automotive

1.93%





Transportation - Services

1.32%

Consumer Cyclical - Entertainment

0.57%

Transportation - Airlines

0.37%

Consumer Cyclical - Restaurants

0.12%

SUBTOTAL

52.59%

Financial Institutions


Banking

2.85%

Finance

1.42%

Other Finance

1.17%

Insurance

1.07%

Brokerage

0.42%

REITS

0.14%

SUBTOTAL

7.07%

Credit Default Swaps

4.28%

Utility


Electric

1.69%

Natural Gas

1.14%

SUBTOTAL

2.83%

SUBTOTAL

66.77%

Global Governments

17.92%

Corporates - Investment Grades


Financial Institutions


Banking

1.85%

Insurance

1.62%

REITS

0.52%

Finance

0.26%

Other Finance

0.04%

SUBTOTAL

4.29%

Industrial


Basic

1.87%

Communications - Telecommunications

0.29%

Communications - Media

0.26%

Capital Goods

0.25%

Other Industrial

0.16%

Consumer Non-Cyclical

0.11%

Consumer Cyclical - Automotive

0.08%

Transportation - Airlines

0.08%

Consumer Cyclical - Other

0.02%

SUBTOTAL

3.12%

Credit Default Swaps

0.83%

Utility


Natural Gas

0.25%

Electric

0.06%

SUBTOTAL

0.31%

Non Corporate Sectors


Agencies - Not Government Guaranteed

0.28%

SUBTOTAL

0.28%

SUBTOTAL

8.83%

Collateralized Mortgage Obligations


Non-Agency Fixed Rate

3.85%

Non-Agency Floating Rate

3.08%





SUBTOTAL

6.93%

Bank Loans


Industrial


Consumer Non-Cyclical

0.70%

Consumer Cyclical - Automotive

0.63%

Services

0.50%

Consumer Cyclical - Entertainment

0.45%

Other Industrial

0.43%

Basic

0.38%

Consumer Cyclical - Other

0.36%

Consumer Cyclical - Retailers

0.36%

Technology

0.30%

Capital Goods

0.21%

Communications - Media

0.17%

Energy

0.08%

SUBTOTAL

4.57%

Non Corporate Sectors


Foreign Local Government - Municipal

0.14%

SUBTOTAL

0.14%

Financial Institutions


Insurance

0.04%

SUBTOTAL

0.04%

SUBTOTAL

4.75%

Emerging Markets - Corporate Bonds


Industrial


Consumer Non-Cyclical

1.03%

Communications - Telecommunications

0.77%

Basic

0.53%

Capital Goods

0.45%

Consumer Cyclical - Retailers

0.26%

Consumer Cyclical - Other

0.25%

Transportation - Airlines

0.25%

Energy

0.14%

Communications - Media

0.12%

Transportation - Services

0.10%

SUBTOTAL

3.90%

Financial Institutions


Banking

0.24%

Finance

0.20%

SUBTOTAL

0.44%

SUBTOTAL

4.34%

Emerging Markets - Sovereigns

4.10%

Preferred Stocks


Financial Institutions

1.98%

Industrial

0.06%

SUBTOTAL

2.04%

Commercial Mortgage-Backed Securities


Non-Agency Fixed Rate CMBS

1.19%

Non-Agency Floating Rate CMBS

0.11%

SUBTOTAL

1.30%

Governments - Sovereign Agencies

1.30%





Local Governments - Municipal Bonds

1.03%

Emerging Markets - Treasuries

1.02%

Asset-Backed Securities


Home Equity Loans - Fixed Rate

0.66%

Home Equity Loans - Floating Rate

0.14%

SUBTOTAL

0.80%

Common Stocks

0.78%

Quasi-Sovereigns


Quasi-Sovereign Bonds

0.49%

SUBTOTAL

0.49%

Whole Loan Trusts


Performing Asset

0.44%

SUBTOTAL

0.44%

Local Governments - Regional Bonds

0.34%

Inflation-Linked Securities

0.22%

Currency Instruments


Forward Currency Exchange Contracts

0.13%

SUBTOTAL

0.13%

Options Purchased - Calls


Options on Equity Indices

0.07%

SUBTOTAL

0.07%

Options Purchased - Puts


Options on Funds and Investment Trusts

0.03%

SUBTOTAL

0.03%

Call Options Written

-0.02%

Interest Rate Swaps - SIFMA

-10.50%

Reverse Repurchase Agreements

-11.17%

Net Cash Equivalents


Cash

2.45%

Investment Companies

1.32%

SUBTOTAL

3.77%

Derivative Offsets


Swaps Offsets

5.69%

Futures Offsets

-11.40%

SUBTOTAL

-5.71%


100.00%



Country Breakdown



Portfolio %

United States

65.89%

United Kingdom

4.96%

Brazil

3.63%

Russia

2.02%

Luxembourg

1.61%

Canada

1.58%

Argentina

1.39%

Dominican Republic

1.32%

Netherlands

1.30%

Germany

1.17%

France

1.08%

Ireland

1.00%





South Africa

0.96%

Mexico

0.94%

Switzerland

0.87%

Ivory Coast

0.76%

Italy

0.64%

Bermuda

0.61%

El Salvador

0.59%

United Arab Emirates

0.57%

Colombia

0.56%

Indonesia

0.53%

Spain

0.43%

Kazakhstan

0.37%

Portugal

0.35%

Chile

0.33%

Barbados

0.31%

Croatia

0.30%

Peru

0.28%

Australia

0.26%

Sweden

0.25%

Costa Rica

0.25%

Philippines

0.23%

Norway

0.23%

Serbia

0.22%

Uruguay

0.21%

Singapore

0.21%

India

0.17%

Nigeria

0.17%

Denmark

0.17%

Bahrain

0.14%

Japan

0.13%

Belgium

0.13%

China

0.13%

Ghana

0.12%

Austria

0.11%

Romania

0.10%

Macau

0.10%

Hong Kong

0.08%

Guatemala

0.07%

Sri Lanka

0.06%

Virgin Islands (BVI)

0.06%

Jamaica

0.05%

Total Investments

100.00%



Net Currency Exposure Breakdown



Portfolio %

United States Dollar

95.51%

Brazilian Real

1.50%

Russian Rubles

0.61%

New Turkish Lira

0.51%

Indonesian Rupiah

0.50%

Dominican Peso

0.49%

Costa Rican Colon

0.27%

Philippine Peso

0.25%





Nigerian Naira

0.24%

Uruguayan Peso

0.22%

Chilean Peso

0.21%

Hungarian Forint

0.18%

Colombian Peso

0.09%

Swiss Franc

0.04%

Great British Pound

0.02%

Australian Dollar

-0.01%

Euro

-0.15%

Peruvian Nuevo Sol

-0.48%

Total Net Assets

100.00%



Credit Rating



Portfolio %

AAA

-9.48%

AA

0.62%

A

4.87%

BBB

12.84%

BB

27.04%

B

35.58%

CCC

16.18%

CC

0.91%

D

0.92%

Not Rated

2.65%

Short Term Investments

1.32%

N/A

6.55%


100.00%



Bonds By Maturity



Portfolio %

Less than 1 year

5.36%

1 to 5 years

50.54%

5 to 10 years

30.12%

10 to 20 years

6.42%

20 to 30 years

4.71%

More than 30 years

2.07%

Other

0.78%

Total Net Assets

100.00%



Portfolio Statistics:


Average Coupon:

8.05%

Average Bond Price :

102.85

Percentage of Leverage:


Bank Borrowing:

0.00%

Investment Operations:

15.61%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

15.61%

Average Maturity:

6.94 Years





Effective Duration:

4.62 Years

Total Net Assets:

$1,290.09 Million

Net Asset Value:

$14.96

Number of Holdings:

1119

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.