AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, Feb. 26 /PRNewswire-FirstCall/ -- AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of January 31, 2010.
AllianceBernstein Global High Income Fund
As of: 1/31/2010
Top 10 Fixed-Income Holdings
Portfolio %
1)Republic of Brazil 12.50%, 1/05/16 - 1/05/22 2.40%
2)Argentina Bonos 7.00%, 10/03/15 1.67%
3)RSHB Capital SA for OJSC Russian 1.37%
Agricultural Bank 7.75%, 5/29/18
4)Turkey Government Bond 16.00%, 3/07/12 1.28%
5)Republic of Colombia 7.375%, 1/27/17 - 1.17%
9/18/37
6)Republic of Philippines 9.875%, 1/15/19 1.09%
7)Citigroup/Deutsche Bank Commercial Mortgage 1.09%
Trust Series 2006-CD2, Class A2 5.408%,
1/15/46
8)GS Mortgage Securities Corp. II Series 1.05%
2006-GG6, Class A2 5.506%, 4/10/38
9)Greenwich Capital Commercial Funding Corp. 1.04%
Series 2005-GG5, Class A2 5.117%, 4/10/37
10)Citibank Omni Master Trust Series 2009-A14A, 0.99%
Class A14 2.983%, 8/15/18
Security Type Breakdown
Portfolio %
Corporates - Non-Investment Grades:
Industrial:
Basic 4.72%
Consumer Non-Cyclical 4.56%
Consumer Cyclical - Other 3.44%
Communications - Media 2.96%
Capital Goods 2.85%
Energy 2.51%
Communications - Telecommunications 2.36%
Technology 2.31%
Consumer Cyclical - Retailers 2.12%
Consumer Cyclical - Automotive 1.36%
Services 1.26%
Other Industrial 0.56%
Transportation - Services 0.55%
Transportation - Airlines 0.30%
Consumer Cyclical - Restaurants 0.21%
Consumer Cyclical - Entertainment 0.15%
Transportation - Railroads 0.12%
SUBTOTAL 32.34%
Financial Institutions:
Banking 1.78%
Insurance 1.08%
Finance 1.05%
Brokerage 0.34%
Other Finance 0.30%
SUBTOTAL 4.55%
Utility:
Electric 2.00%
Natural Gas 0.55%
SUBTOTAL 2.55%
Credit Default Index Holdings:
DJ CDX.NA.HY-100 0.82%
SUBTOTAL 0.82%
SUBTOTAL 40.26%
Emerging Markets - Sovereigns 15.82%
Corporates - Investment Grades:
Financial Institutions:
Banking 2.53%
Insurance 1.02%
Finance 0.34%
Other Finance 0.25%
SUBTOTAL 4.14%
Industrial:
Basic 1.27%
Energy 0.53%
Other Industrial 0.35%
Communications - Telecommunications 0.31%
Capital Goods 0.27%
Consumer Non-Cyclical 0.17%
Technology 0.16%
Consumer Cyclical - Retailers 0.01%
SUBTOTAL 3.07%
Non Corporate Sectors:
Agencies - Not Government Guaranteed 2.38%
SUBTOTAL 2.38%
Utility:
Electric 0.28%
SUBTOTAL 0.28%
SUBTOTAL 9.87%
Commercial Mortgage-Backed Securities:
Non-Agency Fixed Rate CMBS 8.83%
Non-Agency Floating Rate CMBS 0.09%
SUBTOTAL 8.92%
Quasi-Sovereigns:
Quasi-Sovereign Bonds 5.82%
Governments - Sovereign Bonds 4.28%
Governments - Treasuries:
Treasuries 3.93%
Bank Loans:
Industrial:
Communications - Media 0.43%
Capital Goods 0.33%
Technology 0.21%
Consumer Cyclical - Automotive 0.21%
Consumer Non-Cyclical 0.17%
Services 0.15%
Consumer Cyclical - Other 0.13%
Consumer Cyclical - Retailers 0.12%
Basic 0.11%
Energy 0.06%
Other Industrial 0.02%
SUBTOTAL 1.94%
Financial Institutions:
Finance 0.24%
REITS 0.11%
Insurance 0.02%
SUBTOTAL 0.37%
Utility:
Electric 0.20%
SUBTOTAL 0.20%
SUBTOTAL 2.51%
Emerging Markets - Treasuries 2.36%
Emerging Markets - Corporate Bonds:
Industrial:
Basic 0.34%
Communications - Media 0.22%
Consumer Cyclical - Retailers 0.17%
Energy 0.13%
Consumer Non-Cyclical 0.10%
Consumer Cyclical - Other 0.04%
SUBTOTAL 1.00%
Financial Institutions:
Banking 0.69%
Other Finance 0.22%
SUBTOTAL 0.91%
SUBTOTAL 1.91%
Asset-Backed Securities:
Credit Cards - Floating Rate 0.99%
Home Equity Loans - Floating Rate 0.20%
SUBTOTAL 1.19%
CMOs:
Non-Agency Floating Rate 0.45%
Non-Agency ARMS 0.32%
Non-Agency Fixed Rate 0.09%
SUBTOTAL 0.86%
Equities:
Common Stock 0.31%
Warrants 0.08%
SUBTOTAL 0.39%
Governments - Sovereign Agencies 0.32%
Local Governments - Regional Bonds 0.31%
Inflation-Linked Securities 0.30%
Supranationals 0.13%
Preferred Stocks:
Financial Institutions 0.06%
SUBTOTAL 0.06%
Short-Term Investments:
Investment Companies 0.76%
Total 100.00%
Country Breakdown
Portfolio %
United States 50.79%
Russia 8.60%
Brazil 6.08%
Indonesia 3.39%
Colombia 2.74%
Turkey 2.37%
Argentina 2.13%
Kazakhstan 1.94%
Venezuela 1.93%
United Kingdom 1.68%
Philippines 1.64%
Ukraine 1.34%
Uruguay 1.26%
Peru 1.19%
El Salvador 1.05%
Canada 1.03%
Dominican Republic 1.00%
Hungary 0.95%
Panama 0.91%
South Africa 0.76%
France 0.69%
Hong Kong 0.68%
Netherlands 0.67%
Germany 0.40%
Ireland 0.37%
Egypt 0.36%
India 0.34%
Lithuania 0.31%
Iceland 0.29%
Japan 0.29%
Croatia 0.26%
Barbados 0.22%
Gabon 0.21%
Bermuda 0.20%
Norway 0.19%
Ghana 0.18%
Switzerland 0.16%
Italy 0.16%
Serbia & Montenegro 0.14%
Trinidad And Tobago 0.14%
Luxembourg 0.13%
Singapore 0.13%
Supranational 0.13%
Cayman Islands 0.13%
Czech Republic 0.11%
Australia 0.10%
Poland 0.09%
Nigeria 0.08%
Denmark 0.04%
Costa Rica 0.01%
Belgium 0.01%
Total 100.00%
Credit Quality Breakdown
Portfolio %
AAA 10.07%
AA 0.70%
A 2.61%
BBB 23.86%
BB 28.30%
B 23.22%
CCC 9.65%
CC 0.40%
C 0.07%
D 0.36%
A-1+ 0.76%
Total Investments 100.00%
Portfolio Statistics:
Percentage of Leverage:
Bank Borrowing: 0.00%
Investment Operations: 10.96%*
Preferred Stock: 0.00%
Tender Option Bonds: 0.00%
Term Asset-Backed Loans
Facility (TALF): 3.44%
Total Fund Leverage: 14.40%
Avg. Maturity: 8.68 Years
Effective Duration: 5.58 Years
Total Net Assets: $1,188.9 Million
Net Asset Value: $13.96
Number of Holdings: 688
* 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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