AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update

Jan 27, 2014, 16:06 ET from AllianceBernstein Global High Income Fund, Inc.

NEW YORK, Jan. 27, 2014 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of December 31, 2013. AllianceBernstein Global High Income Fund, Inc.




Top 10 Fixed Income Holdings



Portfolio %

1) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/17

1.13%

2) Argentina Boden Bonds 7.00%, 10/03/15

1.09%

3) Russian Agricultural Bank OJSC Via RSHB Capital SA 7.75%, 5/29/18

1.02%

4) Ivory Coast Government International Bond 5.75%, 12/31/32

0.86%

5) Dominican Republic International Bond 8.625%, 4/20/27

0.71%

6) Argentina Bonar Bonds Series X 7.00%, 4/17/17

0.62%

7) U.S. Treasury Bonds 5.25%, 2/15/29

0.54%

8) VTB Bank OJSC Via VTB Capital SA 6.875%, 5/29/18

0.54%

9) El Salvador Government International Bond 7.65%, 6/15/35

0.53%

10) Dominican Republic 16.00%, 7/10/20

0.49%



Investment Type



Portfolio %

Corporates - Non-Investment Grades


Industrial


Consumer Non-Cyclical

8.77%

Energy

7.04%

Communications - Media

5.93%

Capital Goods

5.57%

Technology

5.50%

Basic

4.87%

Consumer Cyclical - Other

2.84%

Communications - Telecommunications

2.79%

Other Industrial

2.39%

Consumer Cyclical - Automotive

2.29%

Services

2.22%

Consumer Cyclical - Retailers

2.07%

Transportation - Services

1.34%

Consumer Cyclical - Entertainment

0.57%

Transportation - Airlines

0.37%

Consumer Cyclical - Restaurants

0.12%

SUBTOTAL

54.68%

Financial Institutions


Banking

2.58%

Other Finance

1.75%

Finance

1.33%

Insurance

1.08%

Brokerage

0.42%

REITS

0.14%

SUBTOTAL

7.30%

Credit Default Swaps

4.39%

Utility


Electric

2.03%

Natural Gas

1.14%

SUBTOTAL

3.17%

SUBTOTAL

69.54%

Governments - Treasuries


Treasury Futures

35.27%

Treasuries

4.94%

SUBTOTAL

40.21%

Corporates - Investment Grades


Financial Institutions


Banking

1.90%

Insurance

1.61%

REITS

0.52%

Finance

0.33%

Other Finance

0.21%

SUBTOTAL

4.57%

Industrial


Basic

1.83%

Communications - Telecommunications

0.30%

Communications - Media

0.27%

Capital Goods

0.25%

Other Industrial

0.16%

Consumer Non-Cyclical

0.11%

Consumer Cyclical - Automotive

0.08%

Transportation - Airlines

0.08%

Energy

0.06%

Consumer Cyclical - Other

0.02%

SUBTOTAL

3.16%

Credit Default Swaps

0.83%

Utility


Natural Gas

0.26%

Electric

0.06%

SUBTOTAL

0.32%

Non Corporate Sectors


Agencies - Not Government Guaranteed

0.29%

SUBTOTAL

0.29%

SUBTOTAL

9.17%



Collateralized Mortgage Obligations


Non-Agency Fixed Rate

3.61%

Non-Agency Floating Rate

2.95%

SUBTOTAL

6.56%

Bank Loans


Industrial


Consumer Non-Cyclical

0.70%

Consumer Cyclical - Automotive

0.64%

Services

0.50%

Consumer Cyclical - Entertainment

0.45%

Other Industrial

0.43%

Basic

0.39%

Consumer Cyclical - Other

0.36%

Consumer Cyclical - Retailers

0.36%

Technology

0.30%

Capital Goods

0.21%

Communications - Media

0.18%

Energy

0.08%

SUBTOTAL

4.60%

Non Corporate Sectors


Foreign Local Government - Municipal

0.14%

SUBTOTAL

0.14%

Financial Institutions


Insurance

0.04%

SUBTOTAL

0.04%

SUBTOTAL

4.78%

Emerging Markets - Sovereigns

4.36%

Emerging Markets - Corporate Bonds


Industrial


Consumer Non-Cyclical

0.90%

Communications - Telecommunications

0.72%

Capital Goods

0.55%

Basic

0.41%

Consumer Cyclical - Retailers

0.27%

Transportation - Airlines

0.26%

Consumer Cyclical - Other

0.25%

Energy

0.14%

Communications - Media

0.12%

Transportation - Services

0.10%

SUBTOTAL

3.72%

Financial Institutions


Banking

0.23%

Finance

0.21%

SUBTOTAL

0.44%

SUBTOTAL

4.16%

Preferred Stocks


Financial Institutions

2.20%

Industrial

0.02%

SUBTOTAL

2.22%

Quasi-Sovereigns


Quasi-Sovereign Bonds

1.74%



SUBTOTAL

1.74%

Commercial Mortgage-Backed Securities


Non-Agency Fixed Rate CMBS

0.95%

Non-Agency Floating Rate CMBS

0.35%

SUBTOTAL

1.30%

Governments - Sovereign Agencies

1.16%

Emerging Markets - Treasuries

1.04%

Local Governments - Municipal Bonds

0.98%

Governments - Sovereign Bonds

0.89%

Asset-Backed Securities


Home Equity Loans - Fixed Rate

0.65%

Home Equity Loans - Floating Rate

0.14%

SUBTOTAL

0.79%

Whole Loan Trusts


Performing Asset

0.45%

SUBTOTAL

0.45%

Local Governments - Regional Bonds

0.35%

Inflation-Linked Securities

0.24%

Common Stocks


Common Stocks


Common Stocks

0.22%

SUBTOTAL

0.22%

SUBTOTAL

0.22%

Reverse Repurchase Agreements

-10.59%

Interest Rate Swaps - SIFMA

-36.48%

Net Cash Equivalents


Cash

0.50%

Governments - Treasuries

0.05%

Investment Companies

0.02%

SUBTOTAL

0.57%

Derivative Offsets


Swaps Offsets

31.80%

Futures Offsets

-35.46%

SUBTOTAL

-3.66%


100.00%



Country Breakdown



Portfolio %

United States

64.81%

United Kingdom

4.92%

Russia

3.18%

Brazil

3.04%

Luxembourg

1.67%

Argentina

1.62%

Netherlands

1.60%

Canada

1.52%

Germany

1.37%

Dominican Republic

1.32%

France

1.04%

South Africa

0.99%

Mexico

0.93%



Ireland

0.87%

Switzerland

0.86%

Ivory Coast

0.78%

Italy

0.65%

Bermuda

0.60%

El Salvador

0.59%

Colombia

0.58%

United Arab Emirates

0.56%

Indonesia

0.54%

Peru

0.44%

Spain

0.43%

Kazakhstan

0.38%

Chile

0.34%

Portugal

0.34%

Barbados

0.32%

Croatia

0.30%

Australia

0.27%

Costa Rica

0.26%

Sweden

0.25%

Philippines

0.24%

Norway

0.23%

Nigeria

0.22%

Uruguay

0.22%

Singapore

0.21%

Serbia

0.21%

India

0.17%

China

0.13%

Belgium

0.13%

Japan

0.13%

Ghana

0.13%

Bahrain

0.13%

Austria

0.11%

Macau

0.10%

Hong Kong

0.08%

Denmark

0.08%

Virgin Islands (BVI)

0.06%

Jamaica

0.05%

Total Investments

100.00%



Net Currency Exposure Breakdown



Portfolio %

United States Dollar

97.49%

Russian Rubles

0.80%

Dominican Peso

0.49%

Brazilian Real

0.28%

Costa Rican Colon

0.28%

Philippine Peso

0.27%

Uruguayan Peso

0.24%

Nigerian Naira

0.24%

Chilean Peso

0.22%

Hungarian Forint

0.19%

Colombian Peso

0.10%

Swiss Franc

0.04%



Great British Pound

0.03%

South African Rand

0.01%

Canadian Dollar

-0.01%

Australian Dollar

-0.01%

Indonesian Rupiah

-0.03%

Euro

-0.15%

Peruvian Nuevo Sol

-0.48%

Total Net Assets

100.00%



Credit Rating



Portfolio %

AAA

-7.98%

AA

0.64%

A

4.63%

BBB

14.22%

BB

27.70%

B

36.99%

CCC

16.24%

CC

0.89%

D

0.89%

Not Rated

2.80%

Short Term Investments

0.07%

N/A

2.91%

Total Net Assets

100.00%



Bonds By Maturity



Portfolio %

Less than 1 year

3.24%

1 to 5 years

53.21%

5 to 10 years

30.07%

10 to 20 years

6.48%

20 to 30 years

4.93%

More than 30 years

1.85%

Other

0.22%

Total Net Assets

100.00%



Portfolio Statistics:


Average Coupon:

8.22%

Average Bond Price :

103.27

Percentage of Leverage:


Bank Borrowing:

0.00%

Investment Operations:

16.60%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

16.60%

Average Maturity:

7.01 Years

Effective Duration:

5.00 Years

Total Net Assets:

$1,283.75 Million

Net Asset Value:

$14.89



Number of Holdings:

1106

Portfolio Turnover:

38%


* 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.