AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, Aug. 26, 2014 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of July 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 |
1.44% |
2) Dominican Republic International Bond 8.625%, 4/20/27 |
0.80% |
3) Ivory Coast Government International Bond 5.75%, 12/31/32 |
0.65% |
4) El Salvador Government International Bond 7.65%, 6/15/35 |
0.58% |
5) U.S. Treasury Bonds 5.25%, 2/15/29 |
0.56% |
6) Venezuela Government International Bond 9.25%, 9/15/27 - 5/07/28 |
0.56% |
7) Dominican Republic International Bond 16.00%, 7/10/20 |
0.51% |
8) Argentina Boden Bonds 7.00%, 10/03/15 |
0.46% |
9) South Africa Government Bond Series R207 7.25%, 1/15/20 |
0.43% |
10) Vale Overseas Ltd. 6.875%, 11/21/36 |
0.41% |
Investment Type |
Portfolio % |
Corporates - Non-Investment Grades |
|
Industrial |
|
Energy |
8.37% |
Consumer Non-Cyclical |
8.23% |
Communications - Media |
5.60% |
Capital Goods |
5.05% |
Technology |
4.77% |
Basic |
4.18% |
Communications - Telecommunications |
3.72% |
Consumer Cyclical - Other |
3.02% |
Consumer Cyclical - Retailers |
2.33% |
Other Industrial |
2.18% |
Consumer Cyclical - Automotive |
1.61% |
Services |
1.38% |
Transportation - Services |
0.87% |
Transportation - Airlines |
0.46% |
Consumer Cyclical - Entertainment |
0.42% |
Consumer Cyclical - Restaurants |
0.17% |
Finance |
0.03% |
SUBTOTAL |
52.39% |
Financial Institutions |
|
Banking |
3.23% |
Finance |
1.39% |
Insurance |
1.08% |
Other Finance |
0.93% |
Brokerage |
0.43% |
REITS |
0.14% |
SUBTOTAL |
7.20% |
Utility |
|
Electric |
1.75% |
SUBTOTAL |
1.75% |
Credit Default Swaps |
1.23% |
Non Corporate Sectors |
|
Agencies - Not Government Guaranteed |
0.13% |
SUBTOTAL |
0.13% |
SUBTOTAL |
62.70% |
Interest Rate Futures |
10.38% |
Corporates - Investment Grades |
|
Financial Institutions |
|
Banking |
1.87% |
Insurance |
1.69% |
Finance |
0.63% |
REITS |
0.43% |
SUBTOTAL |
4.62% |
Industrial |
|
Basic |
1.97% |
Communications - Telecommunications |
0.47% |
Energy |
0.46% |
Communications - Media |
0.26% |
Capital Goods |
0.16% |
Consumer Non-Cyclical |
0.12% |
Other Industrial |
0.12% |
Transportation - Airlines |
0.08% |
Consumer Cyclical - Automotive |
0.04% |
Consumer Cyclical - Other |
0.02% |
SUBTOTAL |
3.70% |
Credit Default Swaps |
0.68% |
Non Corporate Sectors |
|
Agencies - Not Government Guaranteed |
0.10% |
SUBTOTAL |
0.10% |
SUBTOTAL |
9.10% |
Collateralized Mortgage Obligations |
|
Non-Agency Fixed Rate |
3.59% |
Non-Agency Floating Rate |
2.96% |
SUBTOTAL |
6.55% |
Global Governments |
6.32% |
Bank Loans |
|
Industrial |
|
Consumer Non-Cyclical |
0.76% |
Consumer Cyclical - Automotive |
0.56% |
Other Industrial |
0.53% |
Consumer Cyclical - Entertainment |
0.43% |
Consumer Cyclical - Retailers |
0.39% |
Consumer Cyclical - Other |
0.38% |
Basic |
0.37% |
Services |
0.32% |
Capital Goods |
0.20% |
Communications - Media |
0.18% |
Technology |
0.16% |
Energy |
0.09% |
SUBTOTAL |
4.37% |
Utility |
|
Electric |
0.15% |
SUBTOTAL |
0.15% |
Non Corporate Sectors |
|
Foreign Local Government - Municipal |
0.09% |
SUBTOTAL |
0.09% |
Financial Institutions |
|
Insurance |
0.04% |
SUBTOTAL |
0.04% |
SUBTOTAL |
4.65% |
Emerging Markets - Corporate Bonds |
|
Industrial |
|
Consumer Non-Cyclical |
1.27% |
Capital Goods |
0.52% |
Basic |
0.47% |
Consumer Cyclical - Retailers |
0.27% |
Transportation - Airlines |
0.26% |
Consumer Cyclical - Other |
0.17% |
Communications - Telecommunications |
0.16% |
Energy |
0.14% |
SUBTOTAL |
3.26% |
Financial Institutions |
|
Banking |
0.12% |
Finance |
0.11% |
SUBTOTAL |
0.23% |
Utility |
|
Electric |
0.13% |
SUBTOTAL |
0.13% |
SUBTOTAL |
3.62% |
Emerging Markets - Sovereigns |
|
Emerging Markets - Sovereigns |
4.20% |
Credit Default Swaps |
-1.27% |
SUBTOTAL |
2.93% |
Preferred Stocks |
|
Financial Institutions |
2.30% |
Industrial |
0.06% |
Utility |
0.02% |
SUBTOTAL |
2.38% |
Commercial Mortgage-Backed Securities |
|
Non-Agency Fixed Rate CMBS |
1.87% |
Non-Agency Floating Rate CMBS |
0.03% |
SUBTOTAL |
1.90% |
Emerging Markets - Treasuries |
0.90% |
Local Governments - Municipal Bonds |
0.86% |
Asset-Backed Securities |
|
Home Equity Loans - Fixed Rate |
0.62% |
Home Equity Loans - Floating Rate |
0.14% |
SUBTOTAL |
0.76% |
Governments - Sovereign Agencies |
0.76% |
Quasi-Sovereigns |
|
Quasi-Sovereign Bonds |
0.64% |
SUBTOTAL |
0.64% |
Whole Loan Trusts |
|
Performing Asset |
0.59% |
SUBTOTAL |
0.59% |
Local Governments - Regional Bonds |
0.40% |
Common Stocks |
0.27% |
Currency Instruments |
|
Forward Currency Exchange Contracts |
0.19% |
SUBTOTAL |
0.19% |
Options Purchased - Puts |
|
Swaptions |
0.03% |
Options on Funds and Investment Trusts |
0.02% |
Options on Indices |
0.02% |
SUBTOTAL |
0.07% |
Options Purchased - Calls |
|
Options on Indices |
0.06% |
SUBTOTAL |
0.06% |
Put Options Written |
-0.02% |
Call Options Written |
-0.03% |
Reverse Repurchase Agreements |
-7.22% |
Interest Rate Swaps - SIFMA |
-11.34% |
Net Cash Equivalents |
|
Investment Companies |
2.70% |
Foreign Currency |
-0.01% |
Cash |
-0.66% |
SUBTOTAL |
2.03% |
Derivative Offsets |
|
Swaps Offsets |
10.99% |
Futures Offsets |
-10.44% |
SUBTOTAL |
0.55% |
100.00% |
|
Country Breakdown |
Portfolio % |
United States |
65.86% |
United Kingdom |
5.06% |
Brazil |
4.01% |
France |
1.68% |
Luxembourg |
1.68% |
Dominican Republic |
1.55% |
Canada |
1.52% |
Netherlands |
1.43% |
Ireland |
1.33% |
Mexico |
1.14% |
Italy |
1.10% |
Germany |
1.03% |
Switzerland |
0.87% |
South Africa |
0.81% |
Indonesia |
0.74% |
Venezuela |
0.74% |
Colombia |
0.73% |
El Salvador |
0.66% |
Ivory Coast |
0.60% |
United Arab Emirates |
0.58% |
Australia |
0.53% |
Argentina |
0.50% |
Spain |
0.48% |
Portugal |
0.43% |
Kazakhstan |
0.39% |
Peru |
0.34% |
Croatia |
0.32% |
Norway |
0.26% |
Philippines |
0.25% |
Macau |
0.23% |
Russia |
0.22% |
Turkey |
0.20% |
Costa Rica |
0.18% |
Singapore |
0.17% |
Barbados |
0.15% |
India |
0.15% |
Zambia |
0.15% |
Bahrain |
0.15% |
Ghana |
0.13% |
Hong Kong |
0.12% |
Bulgaria |
0.12% |
Japan |
0.12% |
Austria |
0.11% |
Pakistan |
0.11% |
Lebanon |
0.10% |
Romania |
0.10% |
Denmark |
0.09% |
Mongolia |
0.09% |
Belgium |
0.09% |
Jamaica |
0.09% |
Guatemala |
0.08% |
Bermuda |
0.07% |
Virgin Islands (BVI) |
0.06% |
Sri Lanka |
0.06% |
China |
0.06% |
Chile |
0.05% |
Kenya |
0.05% |
Morocco |
0.05% |
Serbia |
0.03% |
Total Investments |
100.00% |
Net Currency Exposure Breakdown |
Portfolio % |
United States Dollar |
98.65% |
Brazilian Real |
1.93% |
Malaysian Ringgit |
1.02% |
South Korean Won |
1.01% |
Indonesian Rupiah |
1.01% |
Peruvian Nuevo Sol |
1.00% |
Norwegian Krone |
0.96% |
New Turkish Lira |
0.78% |
South African Rand |
0.78% |
Dominican Peso |
0.51% |
Colombian Peso |
0.46% |
Philippine Peso |
0.27% |
Indian Rupee |
0.25% |
Mexican Peso |
0.22% |
Costa Rican Colon |
0.19% |
Hungarian Forint |
0.17% |
Swiss Franc |
0.04% |
Great British Pound |
-0.32% |
Euro |
-1.46% |
Canadian Dollar |
-1.50% |
Japanese Yen |
-2.98% |
Australian Dollar |
-2.99% |
Total Net Assets |
100.00% |
Credit Rating |
Portfolio % |
AAA |
-4.48% |
AA |
0.83% |
A |
2.31% |
BBB |
13.90% |
BB |
27.33% |
B |
34.21% |
CCC |
15.43% |
CC |
0.92% |
C |
0.02% |
D |
0.85% |
Not Rated |
3.54% |
Short Term Investments |
2.70% |
N/A |
2.44% |
100.00% |
|
Bonds By Maturity |
Portfolio % |
Less than 1 year |
5.38% |
1 to 5 years |
46.81% |
5 to 10 years |
32.49% |
10 to 20 years |
7.99% |
20 to 30 years |
5.65% |
More than 30 years |
1.41% |
Other |
0.27% |
Total Net Assets |
100.00% |
Portfolio Statistics: |
|
Average Coupon: |
8.42% |
Average Bond Price : |
107.66 |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
16.48%* |
Preferred Stock: |
0.00% |
Tender Option Bonds: |
0.00% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
16.48% |
Average Maturity: |
6.33 Years |
Effective Duration: |
4.76 Years |
Total Net Assets: |
$1,307.77 Million |
Net Asset Value: |
$15.17 |
Number of Holdings: |
1171 |
Portfolio Turnover: |
36% |
* 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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