AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, Nov. 23, 2010 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc.(NYSE: AWF) (the "Fund") today released its monthly portfolio update as of October 31, 2010.
AllianceBernstein Global High Income Fund, Inc.
Top 10 Fixed Income Holdings
Portfolio %
1) Republic of Brazil 12.50%, 1/05/16 - 1/05/22 1.78%
2) Argentina Bonos 7.00%, 10/03/15 1.26%
3) Republic of Colombia 12.00%, 10/22/15 0.96%
4) Gaz Capital SA for Gazprom 6.51%, 3/07/22 0.91%
5) RSHB Capital SA for OJSC Russian Agricultural 0.90%
Bank 7.75%, 5/29/18
6) Republic of Colombia 7.375%, 9/18/37 0.88%
7) Republic of Indonesia 6.625%, 2/17/37 0.84%
8) South Africa Government Bond Series R203 8.25%, 0.79%
9/15/17
9) Dominican Republic International Bond 8.625%, 0.69%
4/20/27
10) Ineos Group Holdings PLC 8.50%, 2/15/16 0.69%
Fixed Income Holdings by Security Type
Portfolio %
Corporates - Non-Investment Grades
Industrial
Basic 5.92%
Consumer Non-Cyclical 5.22%
Capital Goods 4.68%
Communications - Media 4.63%
Consumer Cyclical - Other 4.09%
Energy 3.43%
Communications - Telecommunications 2.61%
Technology 2.33%
Consumer Cyclical - Retailers 2.10%
Consumer Cyclical - Automotive 1.82%
Services 1.30%
Transportation - Services 1.02%
Other Industrial 0.88%
Consumer Cyclical - Entertainment 0.62%
Transportation - Airlines 0.54%
Consumer Cyclical - Restaurants 0.30%
Transportation - Railroads 0.11%
SUBTOTAL 41.60%
Financial Institutions
Banking 1.54%
Finance 1.03%
Insurance 0.81%
Other Finance 0.52%
Brokerage 0.34%
REITS 0.02%
SUBTOTAL 4.26%
Utility
Electric 2.14%
Natural Gas 0.56%
SUBTOTAL 2.70%
Credit Default Index Holdings
DJ CDX.NA.HY-100 0.39%
SUBTOTAL 0.39%
Non Corporate Sectors
Foreign Local Government - Municipal 0.13%
SUBTOTAL 0.13%
SUBTOTAL 49.08%
Corporates - Investment Grades
Financial Institutions
Banking 2.11%
Insurance 1.66%
Finance 0.38%
REITS 0.28%
Other Finance 0.24%
Brokerage 0.05%
SUBTOTAL 4.72%
Industrial
Basic 1.11%
Energy 0.78%
Other Industrial 0.34%
Capital Goods 0.18%
Communications - Telecommunications 0.17%
Technology 0.17%
Transportation - Services 0.17%
Services 0.15%
Consumer Cyclical - Retailers 0.13%
Consumer Non-Cyclical 0.13%
Transportation - Airlines 0.08%
SUBTOTAL 3.41%
Non Corporate Sectors
Agencies - Not Government Guaranteed 1.81%
SUBTOTAL 1.81%
Utility
Electric 0.19%
SUBTOTAL 0.19%
SUBTOTAL 10.13%
Emerging Markets - Sovereigns 9.80%
Commercial Mortgage-Backed Securities
Non-Agency Fixed Rate CMBS 6.92%
Non-Agency Floating Rate CMBS 0.14%
SUBTOTAL 7.06%
Governments - Treasuries
Treasuries 4.32%
SUBTOTAL 4.32%
Quasi-Sovereigns
Quasi-Sovereign Bonds 3.87%
SUBTOTAL 3.87%
Emerging Markets - Treasuries 3.05%
Emerging Markets - Corporate Bonds
Industrial
Consumer Cyclical - Other 0.34%
Consumer Non-Cyclical 0.34%
Basic 0.29%
Other Industrial 0.29%
Consumer Cyclical - Retailers 0.22%
Communications - Telecommunications 0.20%
Energy 0.14%
Technology 0.09%
SUBTOTAL 1.91%
Financial Institutions
Banking 0.76%
Other Finance 0.22%
SUBTOTAL 0.98%
SUBTOTAL 2.89%
CMOs
Non-Agency Fixed Rate 1.23%
Non-Agency Floating Rate 0.78%
Non-Agency ARMs 0.17%
SUBTOTAL 2.18%
Bank Loans
Industrial
Communications - Media 0.40%
Communications - Telecommunications 0.20%
Capital Goods 0.19%
Basic 0.15%
Energy 0.15%
Consumer Cyclical - Automotive 0.14%
Services 0.09%
Technology 0.09%
Consumer Cyclical - Retailers 0.08%
Consumer Cyclical - Other 0.07%
Consumer Cyclical - Entertainment 0.04%
Consumer Non-Cyclical 0.03%
SUBTOTAL 1.63%
Financial Institutions
Finance 0.11%
REITS 0.10%
SUBTOTAL 0.21%
Utility
Electric 0.17%
SUBTOTAL 0.17%
SUBTOTAL 2.01%
Governments - Sovereign Bonds 1.89%
Asset-Backed Securities
Home Equity Loans - Fixed Rate 1.10%
Home Equity Loans - Floating Rate 0.30%
SUBTOTAL 1.40%
Local Governments - Regional Bonds 0.58%
Supranationals 0.57%
Inflation-Linked Securities 0.35%
Preferred Stocks
Financial Institutions 0.22%
Industrial 0.12%
SUBTOTAL 0.34%
Local Governments - Municipal Bonds 0.27%
Common Stocks 0.01%
Short-Term Investments
Investment Companies 0.20%
Total Fixed Income 100.00%
Country Breakdown
Portfolio%
United States 56.51%
Russia 5.76%
Brazil 3.93%
Argentina 2.56%
United Kingdom 2.55%
Colombia 2.50%
Turkey 1.90%
Indonesia 1.80%
Ukraine 1.77%
South Africa 1.58%
Netherlands 1.38%
Kazakhstan 1.14%
Uruguay 1.08%
El Salvador 1.04%
Canada 1.00%
Ireland 0.95%
Hungary 0.92%
Philippines 0.88%
Germany 0.80%
Venezuela 0.75%
Italy 0.70%
France 0.70%
Dominican Republic 0.69%
Croatia 0.57%
Supranational 0.57%
Hong Kong 0.57%
Peru 0.48%
Lithuania 0.42%
Luxembourg 0.39%
Barbados 0.32%
India 0.32%
Ghana 0.31%
Iceland 0.30%
Egypt 0.26%
Greece 0.26%
Switzerland 0.25%
China 0.25%
Czech Republic 0.22%
Chile 0.21%
Australia 0.20%
Poland 0.18%
Trinidad & Tobago 0.14%
Sweden 0.14%
Cote D'Ivoire 0.13%
Serbia & Montenegro 0.12%
Panama 0.11%
Austria 0.09%
Japan 0.09%
Norway 0.09%
Denmark 0.04%
Singapore 0.04%
Jamaica 0.04%
Total Investments 100.00%
Credit Quality Breakdown
Portfolio%
AAA 5.63%
AA 1.84%
A 4.34%
BBB 19.21%
BB 24.01%
B 31.89%
CCC 11.84%
CC 0.14%
D 0.12%
A-1+ 0.20%
N/R 0.78%
Total Investments 100.00%
Portfolio Statistics:
Percentage of Leverage:
Bank Borrowing: 0.00%
Investment Operations: 16.94%*
Preferred Stock: 0.00%
Tender Option Bonds: 0.00%
Term Asset-Backed Loans Facility (TALF): 0.00%
Total Fund Leverage: 16.94%
Average Maturity: 8.18 Years
Effective Duration: 5.32 Years
Total Net Assets: $1,313.0 Million
Net Asset Value: $15.42
Number of Holdings: 780
* 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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