AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, Feb. 24, 2014 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of January 31, 2014.
| 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 |
1.76% |
| 2) Argentina Boden Bonds 7.00%, 10/03/15 |
0.94% |
| 3) Ivory Coast Government International Bond 5.75%, 12/31/32 |
0.83% |
| 4) Dominican Republic International Bond 8.625%, 4/20/27 |
0.70% |
| 5) U.S. Treasury Bonds 5.25%, 2/15/29 |
0.56% |
| 6) VTB Bank OJSC Via VTB Capital SA 6.875%, 5/29/18 |
0.53% |
| 7) El Salvador Government International Bond 7.65%, 6/15/35 |
0.52% |
| 8) Argentina Bonar Bonds Series X 7.00%, 4/17/17 |
0.51% |
| 9) Dominican Republic International Bond 16.00%, 7/10/20 |
0.49% |
| 10) South Africa Government Bond Series R207 7.25%, 1/15/20 |
0.40% |
| Investment Type |
|
| Portfolio % |
|
| Corporates - Non-Investment Grades |
|
| Industrial |
|
| Consumer Non-Cyclical |
8.50% |
| Energy |
6.90% |
| Communications - Media |
5.90% |
| Technology |
5.21% |
| Capital Goods |
5.15% |
| Basic |
4.51% |
| Consumer Cyclical - Other |
2.83% |
| Communications - Telecommunications |
2.72% |
| Other Industrial |
2.38% |
| Services |
2.20% |
| Consumer Cyclical - Retailers |
1.98% |
| Consumer Cyclical - Automotive |
1.93% |
| Transportation - Services |
1.32% |
| Consumer Cyclical - Entertainment |
0.57% |
| Transportation - Airlines |
0.37% |
| Consumer Cyclical - Restaurants |
0.12% |
| SUBTOTAL |
52.59% |
| Financial Institutions |
|
| Banking |
2.85% |
| Finance |
1.42% |
| Other Finance |
1.17% |
| Insurance |
1.07% |
| Brokerage |
0.42% |
| REITS |
0.14% |
| SUBTOTAL |
7.07% |
| Credit Default Swaps |
4.28% |
| Utility |
|
| Electric |
1.69% |
| Natural Gas |
1.14% |
| SUBTOTAL |
2.83% |
| SUBTOTAL |
66.77% |
| Global Governments |
17.92% |
| Corporates - Investment Grades |
|
| Financial Institutions |
|
| Banking |
1.85% |
| Insurance |
1.62% |
| REITS |
0.52% |
| Finance |
0.26% |
| Other Finance |
0.04% |
| SUBTOTAL |
4.29% |
| Industrial |
|
| Basic |
1.87% |
| Communications - Telecommunications |
0.29% |
| Communications - Media |
0.26% |
| Capital Goods |
0.25% |
| Other Industrial |
0.16% |
| Consumer Non-Cyclical |
0.11% |
| Consumer Cyclical - Automotive |
0.08% |
| Transportation - Airlines |
0.08% |
| Consumer Cyclical - Other |
0.02% |
| SUBTOTAL |
3.12% |
| Credit Default Swaps |
0.83% |
| Utility |
|
| Natural Gas |
0.25% |
| Electric |
0.06% |
| SUBTOTAL |
0.31% |
| Non Corporate Sectors |
|
| Agencies - Not Government Guaranteed |
0.28% |
| SUBTOTAL |
0.28% |
| SUBTOTAL |
8.83% |
| Collateralized Mortgage Obligations |
|
| Non-Agency Fixed Rate |
3.85% |
| Non-Agency Floating Rate |
3.08% |
| SUBTOTAL |
6.93% |
| Bank Loans |
|
| Industrial |
|
| Consumer Non-Cyclical |
0.70% |
| Consumer Cyclical - Automotive |
0.63% |
| Services |
0.50% |
| Consumer Cyclical - Entertainment |
0.45% |
| Other Industrial |
0.43% |
| Basic |
0.38% |
| Consumer Cyclical - Other |
0.36% |
| Consumer Cyclical - Retailers |
0.36% |
| Technology |
0.30% |
| Capital Goods |
0.21% |
| Communications - Media |
0.17% |
| Energy |
0.08% |
| SUBTOTAL |
4.57% |
| Non Corporate Sectors |
|
| Foreign Local Government - Municipal |
0.14% |
| SUBTOTAL |
0.14% |
| Financial Institutions |
|
| Insurance |
0.04% |
| SUBTOTAL |
0.04% |
| SUBTOTAL |
4.75% |
| Emerging Markets - Corporate Bonds |
|
| Industrial |
|
| Consumer Non-Cyclical |
1.03% |
| Communications - Telecommunications |
0.77% |
| Basic |
0.53% |
| Capital Goods |
0.45% |
| Consumer Cyclical - Retailers |
0.26% |
| Consumer Cyclical - Other |
0.25% |
| Transportation - Airlines |
0.25% |
| Energy |
0.14% |
| Communications - Media |
0.12% |
| Transportation - Services |
0.10% |
| SUBTOTAL |
3.90% |
| Financial Institutions |
|
| Banking |
0.24% |
| Finance |
0.20% |
| SUBTOTAL |
0.44% |
| SUBTOTAL |
4.34% |
| Emerging Markets - Sovereigns |
4.10% |
| Preferred Stocks |
|
| Financial Institutions |
1.98% |
| Industrial |
0.06% |
| SUBTOTAL |
2.04% |
| Commercial Mortgage-Backed Securities |
|
| Non-Agency Fixed Rate CMBS |
1.19% |
| Non-Agency Floating Rate CMBS |
0.11% |
| SUBTOTAL |
1.30% |
| Governments - Sovereign Agencies |
1.30% |
| Local Governments - Municipal Bonds |
1.03% |
| Emerging Markets - Treasuries |
1.02% |
| Asset-Backed Securities |
|
| Home Equity Loans - Fixed Rate |
0.66% |
| Home Equity Loans - Floating Rate |
0.14% |
| SUBTOTAL |
0.80% |
| Common Stocks |
0.78% |
| Quasi-Sovereigns |
|
| Quasi-Sovereign Bonds |
0.49% |
| SUBTOTAL |
0.49% |
| Whole Loan Trusts |
|
| Performing Asset |
0.44% |
| SUBTOTAL |
0.44% |
| Local Governments - Regional Bonds |
0.34% |
| Inflation-Linked Securities |
0.22% |
| Currency Instruments |
|
| Forward Currency Exchange Contracts |
0.13% |
| SUBTOTAL |
0.13% |
| Options Purchased - Calls |
|
| Options on Equity Indices |
0.07% |
| SUBTOTAL |
0.07% |
| Options Purchased - Puts |
|
| Options on Funds and Investment Trusts |
0.03% |
| SUBTOTAL |
0.03% |
| Call Options Written |
-0.02% |
| Interest Rate Swaps - SIFMA |
-10.50% |
| Reverse Repurchase Agreements |
-11.17% |
| Net Cash Equivalents |
|
| Cash |
2.45% |
| Investment Companies |
1.32% |
| SUBTOTAL |
3.77% |
| Derivative Offsets |
|
| Swaps Offsets |
5.69% |
| Futures Offsets |
-11.40% |
| SUBTOTAL |
-5.71% |
| 100.00% |
|
| Country Breakdown |
|
| Portfolio % |
|
| United States |
65.89% |
| United Kingdom |
4.96% |
| Brazil |
3.63% |
| Russia |
2.02% |
| Luxembourg |
1.61% |
| Canada |
1.58% |
| Argentina |
1.39% |
| Dominican Republic |
1.32% |
| Netherlands |
1.30% |
| Germany |
1.17% |
| France |
1.08% |
| Ireland |
1.00% |
| South Africa |
0.96% |
| Mexico |
0.94% |
| Switzerland |
0.87% |
| Ivory Coast |
0.76% |
| Italy |
0.64% |
| Bermuda |
0.61% |
| El Salvador |
0.59% |
| United Arab Emirates |
0.57% |
| Colombia |
0.56% |
| Indonesia |
0.53% |
| Spain |
0.43% |
| Kazakhstan |
0.37% |
| Portugal |
0.35% |
| Chile |
0.33% |
| Barbados |
0.31% |
| Croatia |
0.30% |
| Peru |
0.28% |
| Australia |
0.26% |
| Sweden |
0.25% |
| Costa Rica |
0.25% |
| Philippines |
0.23% |
| Norway |
0.23% |
| Serbia |
0.22% |
| Uruguay |
0.21% |
| Singapore |
0.21% |
| India |
0.17% |
| Nigeria |
0.17% |
| Denmark |
0.17% |
| Bahrain |
0.14% |
| Japan |
0.13% |
| Belgium |
0.13% |
| China |
0.13% |
| Ghana |
0.12% |
| Austria |
0.11% |
| Romania |
0.10% |
| Macau |
0.10% |
| Hong Kong |
0.08% |
| Guatemala |
0.07% |
| Sri Lanka |
0.06% |
| Virgin Islands (BVI) |
0.06% |
| Jamaica |
0.05% |
| Total Investments |
100.00% |
| Net Currency Exposure Breakdown |
|
| Portfolio % |
|
| United States Dollar |
95.51% |
| Brazilian Real |
1.50% |
| Russian Rubles |
0.61% |
| New Turkish Lira |
0.51% |
| Indonesian Rupiah |
0.50% |
| Dominican Peso |
0.49% |
| Costa Rican Colon |
0.27% |
| Philippine Peso |
0.25% |
| Nigerian Naira |
0.24% |
| Uruguayan Peso |
0.22% |
| Chilean Peso |
0.21% |
| Hungarian Forint |
0.18% |
| Colombian Peso |
0.09% |
| Swiss Franc |
0.04% |
| Great British Pound |
0.02% |
| Australian Dollar |
-0.01% |
| Euro |
-0.15% |
| Peruvian Nuevo Sol |
-0.48% |
| Total Net Assets |
100.00% |
| Credit Rating |
|
| Portfolio % |
|
| AAA |
-9.48% |
| AA |
0.62% |
| A |
4.87% |
| BBB |
12.84% |
| BB |
27.04% |
| B |
35.58% |
| CCC |
16.18% |
| CC |
0.91% |
| D |
0.92% |
| Not Rated |
2.65% |
| Short Term Investments |
1.32% |
| N/A |
6.55% |
| 100.00% |
|
| Bonds By Maturity |
|
| Portfolio % |
|
| Less than 1 year |
5.36% |
| 1 to 5 years |
50.54% |
| 5 to 10 years |
30.12% |
| 10 to 20 years |
6.42% |
| 20 to 30 years |
4.71% |
| More than 30 years |
2.07% |
| Other |
0.78% |
| Total Net Assets |
100.00% |
| Portfolio Statistics: |
|
| Average Coupon: |
8.05% |
| Average Bond Price : |
102.85 |
| Percentage of Leverage: |
|
| Bank Borrowing: |
0.00% |
| Investment Operations: |
15.61%* |
| Preferred Stock: |
0.00% |
| Tender Option Bonds: |
0.00% |
| Term Asset-Backed Loans Facility (TALF): |
0.00% |
| Total Fund Leverage: |
15.61% |
| Average Maturity: |
6.94 Years |
| Effective Duration: |
4.62 Years |
| Total Net Assets: |
$1,290.09 Million |
| Net Asset Value: |
$14.96 |
| Number of Holdings: |
1119 |
| 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.
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