AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, Jan. 25, 2012 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of December 31, 2011.
| AllianceBernstein Global High Income Fund, Inc. |
|
|
|
|
| Top 10 Fixed Income Holdings |
|
|
|
Portfolio % |
| 1) Argentina Bonos 7.00%, 10/03/15 |
1.40% |
| 2) Republic of Brazil 12.50%, 1/05/16 - 1/05/22 |
1.33% |
| 3) Russian Agricultural Bank OJSC Via RSHB Capital |
0.98% |
| SA 7.75%, 5/29/18 |
|
| 4) Gazprom OAO Via Gaz Capital SA 6.51%, 3/07/22 |
0.92% |
| 5) Dominican Republic International Bond 8.625%, |
0.68% |
| 4/20/27 |
|
| 6) Russian Agricultural Bank OJSC Via RSHB Capital |
0.65% |
| SA 6.299%, 5/15/17 |
|
| 7) Morgan Stanley Capital I Series 2006-IQ12, |
0.60% |
| Class AM 5.37%, 12/15/43 |
|
| 8) Gazprom Via Gaz Capital SA 9.25%, 4/23/19 |
0.60% |
| 9) Argentina Bonos Series X 7.00%, 4/17/17 |
0.60% |
| 10) South Africa Government Bond Series R207 7.25%, |
0.57% |
| 1/15/20 |
|
|
|
|
| Fixed Income Holdings by Security Type |
|
|
|
Portfolio % |
| Corporates - Non-Investment Grades |
|
| Industrial |
|
| Consumer Non-Cyclical |
7.08% |
| Capital Goods |
5.36% |
| Energy |
4.91% |
| Communications - Media |
4.50% |
| Consumer Cyclical - Other |
4.33% |
| Basic |
4.01% |
| Technology |
3.36% |
| Communications - Telecommunications |
2.91% |
| Consumer Cyclical - Automotive |
2.60% |
| Consumer Cyclical - Retailers |
1.35% |
| Other Industrial |
1.31% |
| Services |
1.29% |
| Consumer Cyclical - Entertainment |
0.84% |
| Transportation - Services |
0.75% |
| Transportation - Airlines |
0.58% |
| Consumer Cyclical - Restaurants |
0.53% |
| Transportation - Railroads |
0.03% |
| SUBTOTAL |
45.74% |
| Financial Institutions |
|
| Banking |
1.18% |
| Finance |
0.93% |
| Insurance |
0.66% |
| Other Finance |
0.52% |
| Brokerage |
0.44% |
| REITS |
0.16% |
| SUBTOTAL |
3.89% |
| Utility |
|
| Electric |
1.85% |
| Natural Gas |
0.96% |
| SUBTOTAL |
2.81% |
| SUBTOTAL |
52.44% |
| Corporates - Investment Grades |
|
| Financial Institutions |
|
| Banking |
2.71% |
| Insurance |
2.13% |
| Other Finance |
0.48% |
| REITS |
0.34% |
| Finance |
0.31% |
| SUBTOTAL |
5.97% |
| Industrial |
|
| Basic |
1.33% |
| Energy |
0.31% |
| Other Industrial |
0.27% |
| Consumer Cyclical - Retailers |
0.21% |
| Communications - Telecommunications |
0.19% |
| Capital Goods |
0.11% |
| Transportation - Airlines |
0.08% |
| Technology |
0.01% |
| SUBTOTAL |
2.51% |
| Non Corporate Sectors |
|
| Agencies - Not Government Guaranteed |
1.83% |
| SUBTOTAL |
1.83% |
| Utility |
|
| Electric |
0.17% |
| SUBTOTAL |
0.17% |
| SUBTOTAL |
10.48% |
| Emerging Markets - Sovereigns |
5.50% |
| Emerging Markets - Corporate Bonds |
|
| Industrial |
|
| Basic |
1.38% |
| Communications - Media |
0.55% |
| Communications - Telecommunications |
0.46% |
| Other Industrial |
0.34% |
| Energy |
0.33% |
| Consumer Non-Cyclical |
0.24% |
| Consumer Cyclical - Other |
0.14% |
| Transportation - Services |
0.12% |
| Consumer Cyclical - Retailers |
0.07% |
| Technology |
0.04% |
| SUBTOTAL |
3.67% |
| Financial Institutions |
|
| Banking |
0.50% |
| Other Finance |
0.15% |
| SUBTOTAL |
0.65% |
| Utility |
|
| Other Utility |
0.13% |
| SUBTOTAL |
0.13% |
| SUBTOTAL |
4.45% |
| Commercial Mortgage-Backed Securities |
|
| Non-Agency Fixed Rate CMBS |
3.04% |
| Non-Agency Floating Rate CMBS |
0.89% |
| SUBTOTAL |
3.93% |
| Collateralized Mortgage Obligations |
|
| Non-Agency Floating Rate |
2.28% |
| Non-Agency Fixed Rate |
1.23% |
| Non-Agency ARMs |
0.10% |
| SUBTOTAL |
3.61% |
| Quasi-Sovereigns |
|
| Quasi-Sovereign Bonds |
3.32% |
| SUBTOTAL |
3.32% |
| Governments - Treasuries |
|
| Treasuries |
3.03% |
| SUBTOTAL |
3.03% |
| Bank Loans |
|
| Industrial |
|
| Capital Goods |
0.36% |
| Services |
0.31% |
| Communications - Media |
0.28% |
| Energy |
0.25% |
| Technology |
0.23% |
| Basic |
0.19% |
| Consumer Non-Cyclical |
0.19% |
| Consumer Cyclical - Other |
0.18% |
| Consumer Cyclical - Entertainment |
0.15% |
| Consumer Cyclical - Automotive |
0.14% |
| Other Industrial |
0.12% |
| Consumer Cyclical - Retailers |
0.11% |
| Transportation - Services |
0.02% |
| SUBTOTAL |
2.53% |
| Utility |
|
| Electric |
0.18% |
| SUBTOTAL |
0.18% |
| Financial Institutions |
|
| Finance |
0.15% |
| SUBTOTAL |
0.15% |
| SUBTOTAL |
2.86% |
| Emerging Markets - Treasuries |
2.22% |
| Governments - Sovereign Bonds |
1.59% |
| Asset-Backed Securities |
|
| Home Equity Loans - Fixed Rate |
0.89% |
| Home Equity Loans - Floating Rate |
0.23% |
| SUBTOTAL |
1.12% |
| Preferred Stocks |
|
| Financial Institutions |
0.74% |
| Non Corporate Sectors |
0.01% |
| SUBTOTAL |
0.75% |
| Supranationals |
0.65% |
| Local Governments - Regional Bonds |
0.57% |
| Local Governments - Municipal Bonds |
0.53% |
| Inflation-Linked Securities |
0.38% |
| Common Stocks |
0.22% |
| Governments - Sovereign Agencies |
0.09% |
| Options Purchased - Puts |
|
| Options on Forward Contracts |
0.01% |
| SUBTOTAL |
0.01% |
| Warrants |
0.01% |
| Short-Term Investments |
|
| Investment Companies |
2.24% |
| Total Fixed Income |
100.00% |
|
|
|
| Country Breakdown |
|
|
|
Portfolio % |
| United States |
62.24% |
| Russia |
5.31% |
| Brazil |
3.85% |
| Argentina |
2.66% |
| United Kingdom |
2.40% |
| Luxembourg |
1.33% |
| Netherlands |
1.16% |
| Dominican Republic |
1.14% |
| Indonesia |
1.10% |
| Ukraine |
1.08% |
| Kazakhstan |
1.07% |
| South Africa |
1.00% |
| Germany |
0.95% |
| Canada |
0.94% |
| Ireland |
0.85% |
| El Salvador |
0.84% |
| Supranational |
0.65% |
| Colombia |
0.64% |
| Hungary |
0.64% |
| Switzerland |
0.63% |
| India |
0.60% |
| France |
0.54% |
| Croatia |
0.54% |
| Italy |
0.54% |
| New Zealand |
0.53% |
| Peru |
0.52% |
| Spain |
0.52% |
| Cote D'Ivoire |
0.51% |
| Hong Kong |
0.40% |
| Turkey |
0.39% |
| Philippines |
0.38% |
| Uruguay |
0.38% |
| Barbados |
0.35% |
| Chile |
0.34% |
| China |
0.33% |
| United Arab Emirates |
0.27% |
| Serbia & Montenegro |
0.26% |
| Australia |
0.26% |
| Ghana |
0.26% |
| Japan |
0.22% |
| Egypt |
0.19% |
| Poland |
0.17% |
| Trinidad & Tobago |
0.16% |
| Lithuania |
0.13% |
| Panama |
0.13% |
| Norway |
0.13% |
| Bermuda |
0.11% |
| Czech Republic |
0.09% |
| Austria |
0.08% |
| Jamaica |
0.08% |
| Denmark |
0.07% |
| Singapore |
0.04% |
| Total Investments |
100.00% |
|
|
|
| Net Currency Exposure Breakdown |
|
|
|
Portfolio % |
| United States Dollar |
95.23% |
| Chinese Yuan Renminbi (Offshore) |
1.44% |
| Norwegian Krone |
1.01% |
| Mexican Peso |
0.96% |
| Russian Rubles |
0.50% |
| Dominican Peso |
0.49% |
| Brazilian Real |
0.44% |
| New Turkish Lira |
0.41% |
| Uruguayan Peso |
0.40% |
| Philippine Peso |
0.28% |
| Colombian Peso |
0.25% |
| Chilean Peso |
0.24% |
| Ukraine Hryvnia |
0.23% |
| Egypt Pound |
0.20% |
| South African Rand |
0.06% |
| Indonesian Rupiah |
0.03% |
| Australian Dollar |
0.01% |
| Chinese Yuan Renminbi |
0.01% |
| Hungarian Forint |
0.01% |
| Canadian Dollar |
-0.01% |
| Great British Pound |
-0.01% |
| Euro Dollar |
-2.18% |
| Total Investments |
100.00% |
|
|
|
| Credit Quality Breakdown |
|
|
|
Portfolio % |
| AAA |
1.63% |
| AA |
1.50% |
| A |
7.18% |
| BBB |
15.91% |
| BB |
24.96% |
| B |
33.98% |
| CCC |
10.27% |
| CC |
0.57% |
| D |
0.21% |
| Not Rated |
1.50% |
| Short Term Investments |
2.29% |
| Total Investments |
100.00% |
|
|
|
| Portfolio Statistics: |
|
| Average Coupon: |
8.37 |
| Percentage of Leverage: |
|
| Bank Borrowing: |
0.00% |
| Investment Operations: |
4.22%* |
| Preferred Stock: |
0.00% |
| Tender Option Bonds: |
0.00% |
| Term Asset-Backed Loans Facility (TALF): |
0.00% |
| Total Fund Leverage: |
4.22% |
| Average Maturity: |
7.05 Years |
| Effective Duration: |
4.37 Years |
| Total Net Assets: |
$1,186.27 Million |
| Net Asset Value: |
$13.91 |
| Number of Holdings: |
846 |
* 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.
Share this article