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AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, Nov. 23 /PRNewswire-FirstCall/ -- AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of October 31, 2009.
AllianceBernstein Global High Income Fund
As of: 10/31/2009
Top 10 Fixed-Income Holdings
Portfolio %
1)Argentina Bonos 7.00%, 10/03/15 3.35%
2)Republic of Brazil 12.50%, 1/05/16 - 1/05/22 2.70%
3)RSHB Capital SA for OJSC Russian 1.46%
Agricultural Bank 7.75%, 5/29/18
4)Turkey Government Bond 16.00%, 3/07/12 1.38%
5)Republic of Colombia 7.375%, 1/27/17 - 1.31%
9/18/37
6)Republic of Philippines 9.875%, 1/15/19 1.20%
7)Citigroup/Deutsche Bank Commercial Mortgage 1.18%
Trust Series 2006-CD2, Class A2 5.408%,
1/15/46
8)GS Mortgage Securities Corp. II Series 1.14%
2006-GG6, Class A2 5.506%, 4/10/38
9)Greenwich Capital Commercial Funding Corp. 1.12%
Series 2005-GG5, Class A2 5.117%, 4/10/37
10)Citibank Omni Master Trust Series 2009-A14, 1.07%
Class A14 2.995%, 8/15/18
Security Type Breakdown
Portfolio %
Corporates - Non-Investment Grades:
Industrial:
Basic 4.63%
Consumer Non-Cyclical 3.74%
Consumer Cyclical - Other 3.31%
Capital Goods 2.86%
Communications - Media 2.46%
Communications - Telecommunications 2.44%
Technology 2.11%
Energy 2.01%
Consumer Cyclical - Retailers 1.61%
Consumer Cyclical - Automotive 1.09%
Services 1.02%
Other Industrial 0.72%
Transportation - Services 0.55%
Transportation - Airlines 0.19%
Transportation - Railroads 0.12%
Consumer Cyclical - Restaurants 0.09%
Consumer Cyclical - Entertainment 0.09%
SUBTOTAL 29.04%
Financial Institutions:
Banking 1.76%
Finance 0.74%
Insurance 0.67%
REITS 0.20%
Other Finance 0.19%
Brokerage 0.12%
SUBTOTAL 3.68%
Utility:
Electric 1.94%
Natural Gas 0.48%
SUBTOTAL 2.42%
Credit Default Index Holdings:
DJ CDX.NA.HY-100 0.86%
SUBTOTAL 0.86%
SUBTOTAL 36.00%
Emerging Markets - Sovereigns 20.22%
Corporates - Investment Grades:
Financial Institutions:
Banking 2.13%
Insurance 0.85%
Finance 0.35%
Other Finance 0.27%
SUBTOTAL 3.60%
Industrial:
Basic 1.37%
Other Industrial 0.65%
Energy 0.58%
Communications - Telecommunications 0.32%
Consumer Non-Cyclical 0.18%
Technology 0.09%
Consumer Cyclical - Retailers 0.02%
SUBTOTAL 3.21%
Non Corporate Sectors:
Agencies - Not Government Guaranteed 2.55%
SUBTOTAL 2.55%
Utility:
Electric 0.30%
SUBTOTAL 0.30%
SUBTOTAL 9.66%
Commercial Mortgage-Backed Securities:
Non-Agency Fixed Rate CMBS 8.22%
Quasi-Sovereigns:
Quasi-Sovereign Bonds 5.57%
Governments - Treasuries:
Treasuries 5.11%
Governments - Sovereign Bonds 4.52%
Emerging Markets - Treasuries 2.55%
Bank Loans:
Industrial:
Communications - Media 0.39%
Consumer Non-Cyclical 0.17%
Services 0.16%
Technology 0.15%
Capital Goods 0.14%
Consumer Cyclical - Other 0.13%
Basic 0.12%
Energy 0.07%
Consumer Cyclical - Retailers 0.06%
Other Industrial 0.02%
Consumer Cyclical - Automotive 0.02%
SUBTOTAL 1.43%
Financial Institutions:
Finance 0.27%
Insurance 0.02%
SUBTOTAL 0.29%
Utility:
Electric 0.21%
SUBTOTAL 0.21%
SUBTOTAL 1.93%
Emerging Markets - Corporate Bonds:
Financial Institutions:
Banking 0.73%
Other Finance 0.23%
SUBTOTAL 0.96%
Industrial:
Basic 0.40%
Energy 0.15%
Consumer Cyclical - Retailers 0.11%
Consumer Non-Cyclical 0.11%
SUBTOTAL 0.77%
SUBTOTAL 1.73%
Asset-Backed Securities:
Credit Cards - Floating Rate 1.07%
Home Equity Loans - Floating Rate 0.27%
SUBTOTAL 1.34%
Equities:
Common Stock 0.31%
Warrants 0.08%
SUBTOTAL 0.39%
CMOs:
Non-Agency ARMS 0.37%
Governments - Sovereign Agencies 0.36%
Inflation-Linked Securities 0.32%
Local Governments - Regional Bonds 0.29%
Supranationals 0.07%
Preferred Stocks:
Financial Institutions 0.05%
Non Corporate Sectors 0.01%
SUBTOTAL 0.06%
Short-Term Investments:
Investment Companies 1.29%
Total 100.00%
Country Breakdown
Portfolio %
United States 44.52%
Russia 9.52%
Brazil 6.88%
Argentina 3.95%
Venezuela 3.62%
Indonesia 3.61%
Colombia 2.98%
Turkey 2.57%
Philippines 1.80%
Kazakhstan 1.67%
Hungary 1.56%
Uruguay 1.35%
Peru 1.32%
United Kingdom 1.32%
Ukraine 1.21%
Canada 1.07%
El Salvador 1.05%
Dominican Republic 1.02%
Hong Kong 1.01%
Panama 1.00%
France 0.66%
South Africa 0.61%
Netherlands 0.46%
Ireland 0.45%
Germany 0.44%
Egypt 0.40%
Iceland 0.35%
India 0.35%
Lithuania 0.32%
Jamaica 0.31%
Croatia 0.27%
Singapore 0.24%
Norway 0.22%
Bermuda 0.21%
Gabon 0.21%
Ghana 0.18%
Serbia & Montenegro 0.16%
Trinidad And Tobago 0.15%
Cayman Islands 0.14%
Luxembourg 0.14%
Japan 0.14%
Czech Republic 0.12%
Australia 0.10%
Nigeria 0.09%
Italy 0.08%
Poland 0.07%
Supranational 0.07%
Costa Rica 0.02%
Belgium 0.01%
Total 100.00%
Credit Quality Breakdown
Portfolio %
AAA 9.37%
AA 0.61%
A 2.42%
BBB 26.49%
BB 27.97%
B 22.27%
CCC 7.91%
CC 1.03%
C 0.10%
D 0.53%
A-1+ 1.30%
Total Investments 100.00%
Portfolio Statistics:
Percentage of Leverage:
Bank Borrowing: 0.00%
Investment Operations: 15.68%*
Preferred Stock: 0.00%
Tender Option Bonds: 0.00%
Total: 15.68%, as of 10/31/2009
Avg. Maturity: 8.61 Years
Effective Duration: 5.39 Years, as of 10/31/2009
Total Net Assets: $1,158.0 Million
Net Asset Value: $13.60
Number of Holdings: 633
* 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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