AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, May 29, 2012 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of April 30, 2012.
AllianceBernstein Global High Income Fund, Inc. |
||
Top 10 Fixed Income Holdings |
Portfolio % |
|
1) U.S. Treasury Bonds 3.125%, 2/15/42 |
3.50% |
|
2) Russian Agricultural Bank OJSC Via RSHB Capital |
0.94% |
|
SA 7.75%, 5/29/18 |
||
3) Argentina Bonos 7.00%, 10/03/15 |
0.91% |
|
4) Republic of Brazil 12.50%, 1/05/22 |
0.91% |
|
5) Gazprom OAO Via Gaz Capital SA 6.51%, 3/07/22 |
0.89% |
|
6) Ivory Coast Government International Bond |
0.79% |
|
2.45%, 12/31/32 |
||
7) Dominican Republic International Bond 8.625%, |
0.64% |
|
4/20/27 |
||
8) Gazprom OAO Via Gaz Capital SA 9.25%, 4/23/19 |
0.57% |
|
9) Morgan Stanley Capital I Series 2006-IQ12, |
0.56% |
|
Class AM 5.37%, 12/15/43 |
||
10) South Africa Government Bond Series R207 7.25%, |
0.55% |
|
1/15/20 |
Fixed Income Holdings by Security Type |
Portfolio % |
Corporates - Non-Investment Grades |
|
Industrial |
|
Consumer Non-Cyclical |
6.51% |
Capital Goods |
5.85% |
Energy |
5.25% |
Communications - Media |
4.39% |
Consumer Cyclical - Other |
4.21% |
Technology |
3.76% |
Basic |
3.32% |
Communications - Telecommunications |
3.21% |
Consumer Cyclical - Automotive |
2.02% |
Services |
1.55% |
Consumer Cyclical - Retailers |
1.40% |
Other Industrial |
1.35% |
Transportation - Services |
0.80% |
Consumer Cyclical - Entertainment |
0.71% |
Transportation - Airlines |
0.54% |
Consumer Cyclical - Restaurants |
0.26% |
Transportation - Railroads |
0.03% |
SUBTOTAL |
45.16% |
Financial Institutions |
|
Banking |
1.02% |
Finance |
0.88% |
Insurance |
0.58% |
Other Finance |
0.54% |
Brokerage |
0.39% |
REITS |
0.15% |
SUBTOTAL |
3.56% |
Utility |
|
Electric |
1.78% |
Natural Gas |
0.98% |
SUBTOTAL |
2.76% |
SUBTOTAL |
51.48% |
Corporates - Investment Grades |
|
Financial Institutions |
|
Insurance |
2.25% |
Banking |
1.98% |
Other Finance |
0.45% |
REITS |
0.32% |
Finance |
0.17% |
Brokerage |
0.09% |
SUBTOTAL |
5.26% |
Industrial |
|
Basic |
1.46% |
Energy |
0.34% |
Other Industrial |
0.28% |
Communications - Telecommunications |
0.18% |
Consumer Cyclical - Other |
0.16% |
Capital Goods |
0.10% |
Consumer Cyclical - Retailers |
0.09% |
Transportation - Airlines |
0.07% |
SUBTOTAL |
2.68% |
Non Corporate Sectors |
|
Agencies - Not Government Guaranteed |
1.94% |
SUBTOTAL |
1.94% |
Utility |
|
Electric |
0.25% |
SUBTOTAL |
0.25% |
SUBTOTAL |
10.13% |
Governments - Treasuries |
|
Treasuries |
6.23% |
SUBTOTAL |
6.23% |
Emerging Markets - Sovereigns |
4.15% |
Commercial Mortgage-Backed Securities |
|
Non-Agency Fixed Rate CMBS |
2.82% |
Non-Agency Floating Rate CMBS |
1.02% |
SUBTOTAL |
3.84% |
Emerging Markets - Corporate Bonds |
|
Basic |
1.29% |
Communications - Media |
0.53% |
Consumer Cyclical - Other |
0.50% |
Other Industrial |
0.35% |
Consumer Non-Cyclical |
0.25% |
Technology |
0.13% |
Transportation - Services |
0.13% |
Communications - Telecommunications |
0.12% |
Energy |
0.10% |
Consumer Cyclical - Retailers |
0.08% |
SUBTOTAL |
3.48% |
Financial Institutions |
|
Banking |
0.16% |
Other Finance |
0.14% |
SUBTOTAL |
0.30% |
Utility |
|
Electric |
0.03% |
SUBTOTAL |
0.03% |
SUBTOTAL |
3.81% |
Collateralized Mortgage Obligations |
|
Non-Agency Floating Rate |
2.11% |
Non-Agency Fixed Rate |
1.13% |
SUBTOTAL |
3.24% |
Emerging Markets - Treasuries |
3.04% |
Bank Loans |
|
Industrial |
|
Technology |
0.45% |
Consumer Cyclical - Automotive |
0.39% |
Communications - Media |
0.27% |
Capital Goods |
0.23% |
Consumer Cyclical - Other |
0.22% |
Consumer Non-Cyclical |
0.17% |
Basic |
0.15% |
Consumer Cyclical - Entertainment |
0.14% |
Other Industrial |
0.11% |
Consumer Cyclical - Retailers |
0.10% |
Energy |
0.09% |
Services |
0.07% |
SUBTOTAL |
2.39% |
Financial Institutions |
|
Finance |
0.27% |
SUBTOTAL |
0.27% |
Utility |
|
Electric |
0.07% |
SUBTOTAL |
0.07% |
SUBTOTAL |
2.73% |
Quasi-Sovereigns |
|
Quasi-Sovereign Bonds |
2.60% |
SUBTOTAL |
2.60% |
Governments - Sovereign Bonds |
1.53% |
Asset-Backed Securities |
|
Home Equity Loans - Fixed Rate |
0.83% |
Home Equity Loans - Floating Rate |
0.23% |
SUBTOTAL |
1.06% |
Preferred Stocks |
|
Financial Institutions |
1.05% |
Non Corporate Sectors |
0.01% |
SUBTOTAL |
1.06% |
Supranationals |
0.62% |
Local Governments - Regional Bonds |
0.56% |
Inflation-Linked Securities |
0.41% |
Local Governments - Municipal Bonds |
0.39% |
Common Stocks |
0.19% |
Governments - Sovereign Agencies |
0.19% |
Short-Term Investments |
|
Investment Companies |
2.57% |
Governments - Sovereign Bonds |
0.17% |
Total Fixed Income |
100.00% |
Country Breakdown |
Portfolio % |
United States |
64.24% |
Russia |
4.52% |
Brazil |
3.68% |
United Kingdom |
2.44% |
Argentina |
1.84% |
Luxembourg |
1.42% |
Netherlands |
1.12% |
Indonesia |
1.10% |
Germany |
1.08% |
Dominican Republic |
1.06% |
South Africa |
0.99% |
Canada |
0.99% |
Turkey |
0.87% |
Kazakhstan |
0.87% |
Ireland |
0.86% |
Cote D'Ivoire |
0.79% |
El Salvador |
0.77% |
Hungary |
0.68% |
Colombia |
0.65% |
Supranational |
0.62% |
Ukraine |
0.62% |
Switzerland |
0.62% |
India |
0.57% |
France |
0.56% |
Peru |
0.50% |
Spain |
0.49% |
Italy |
0.45% |
Mexico |
0.44% |
Uruguay |
0.41% |
Croatia |
0.40% |
Chile |
0.35% |
Barbados |
0.32% |
Japan |
0.30% |
Hong Kong |
0.28% |
Lithuania |
0.28% |
Portugal |
0.27% |
Philippines |
0.26% |
United Arab Emirates |
0.26% |
Serbia & Montenegro |
0.25% |
Ghana |
0.24% |
Australia |
0.21% |
Norway |
0.21% |
Egypt |
0.18% |
China |
0.17% |
Trinidad & Tobago |
0.15% |
Singapore |
0.13% |
Panama |
0.12% |
Czech Republic |
0.11% |
Bermuda |
0.10% |
Austria |
0.09% |
Denmark |
0.07% |
Total Investments |
100.00% |
Net Currency Exposure Breakdown |
Portfolio % |
United States Dollar |
93.38% |
Mexican Peso |
2.02% |
New Turkish Lira |
1.56% |
Norwegian Krone |
0.99% |
South African Rand |
0.98% |
Indian Rupee |
0.95% |
Brazilian Real |
0.68% |
Russian Rubles |
0.54% |
Dominican Peso |
0.47% |
Uruguayan Peso |
0.45% |
Colombian Peso |
0.28% |
Philippine Peso |
0.28% |
Chilean Peso |
0.23% |
Egypt Pound |
0.20% |
Great British Pound |
0.12% |
Hungarian Forint |
0.08% |
Indonesian Rupiah |
0.05% |
Australian Dollar |
0.02% |
Canadian Dollar |
-0.02% |
Japanese Yen |
-0.94% |
Euro Dollar |
-2.32% |
Total Investments |
100.00% |
Credit Quality Breakdown |
Portfolio % |
AAA |
4.86% |
AA |
0.67% |
A |
6.65% |
BBB |
17.02% |
BB |
25.27% |
B |
29.33% |
CCC |
10.13% |
CC |
0.55% |
C |
0.09% |
D |
0.19% |
Not Rated |
2.50% |
Short Term Investments |
2.74% |
Total Investments |
100.00% |
Portfolio Statistics: |
|
Average Coupon: |
8.42 |
Average Bond Price : |
95.39 |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
10.57%* |
Preferred Stock: |
0.00% |
Tender Option Bonds: |
0.00% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
10.57% |
Average Maturity: |
7.87 Years |
Effective Duration: |
4.42 Years |
Total Net Assets: |
$1,270.23 Million |
Net Asset Value: |
$14.84 |
Number of Holdings: |
858 |
Portfolio Turnover |
52 |
* 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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