AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, March 24, 2014 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of February 28, 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 |
1.82% |
2) Ivory Coast Government International Bond 5.75%, 12/31/32 |
0.83% |
3) Argentina Boden Bonds 7.00%, 10/03/15 |
0.73% |
4) Dominican Republic International Bond 8.625%, 4/20/27 |
0.71% |
5) U.S. Treasury Bonds 5.25%, 2/15/29 |
0.55% |
6) VTB Bank OJSC Via VTB Capital SA 6.875%, 5/29/18 |
0.52% |
7) El Salvador Government International Bond 7.65%, 6/15/35 |
0.51% |
8) Dominican Republic International Bond 16.00%, 7/10/20 |
0.48% |
9) South Africa Government Bond Series R207 7.25%, 1/15/20 |
0.41% |
10) Care UK Health & Social Care PLC 9.75%, 8/01/17 |
0.40% |
Investment Type |
Portfolio % |
Corporates - Non-Investment Grades |
|
Industrial |
|
Consumer Non-Cyclical |
8.35% |
Energy |
6.78% |
Communications - Media |
6.13% |
Technology |
5.27% |
Capital Goods |
5.03% |
Basic |
4.46% |
Consumer Cyclical - Other |
2.83% |
Communications - Telecommunications |
2.65% |
Other Industrial |
2.53% |
Consumer Cyclical - Retailers |
2.01% |
Services |
1.98% |
Consumer Cyclical - Automotive |
1.97% |
Transportation - Services |
1.31% |
Consumer Cyclical - Entertainment |
0.63% |
Transportation - Airlines |
0.37% |
Consumer Cyclical - Restaurants |
0.11% |
SUBTOTAL |
52.41% |
Financial Institutions |
|
Banking |
3.08% |
Finance |
1.55% |
Other Finance |
1.11% |
Insurance |
1.02% |
Brokerage |
0.42% |
REITS |
0.14% |
SUBTOTAL |
7.32% |
Credit Default Swaps |
3.87% |
Utility |
|
Electric |
1.59% |
Natural Gas |
1.33% |
SUBTOTAL |
2.92% |
SUBTOTAL |
66.52% |
Global Governments |
16.89% |
Corporates - Investment Grades |
|
Financial Institutions |
|
Banking |
1.81% |
Insurance |
1.62% |
REITS |
0.52% |
Finance |
0.25% |
Other Finance |
0.04% |
SUBTOTAL |
4.24% |
Industrial |
|
Basic |
1.96% |
Communications - Telecommunications |
0.30% |
Capital Goods |
0.25% |
Communications - Media |
0.23% |
Other Industrial |
0.17% |
Consumer Cyclical - Retailers |
0.13% |
Consumer Non-Cyclical |
0.11% |
Consumer Cyclical - Automotive |
0.08% |
Transportation - Airlines |
0.07% |
Consumer Cyclical - Other |
0.02% |
SUBTOTAL |
3.32% |
Credit Default Swaps |
0.84% |
Non Corporate Sectors |
|
Agencies - Not Government Guaranteed |
0.28% |
SUBTOTAL |
0.28% |
Utility |
|
Natural Gas |
0.25% |
SUBTOTAL |
0.25% |
SUBTOTAL |
8.93% |
Collateralized Mortgage Obligations |
|
Non-Agency Fixed Rate |
3.75% |
Non-Agency Floating Rate |
3.00% |
SUBTOTAL |
6.75% |
Bank Loans |
|
Industrial |
|
Consumer Non-Cyclical |
0.73% |
Consumer Cyclical - Automotive |
0.62% |
Basic |
0.46% |
Consumer Cyclical - Entertainment |
0.44% |
Other Industrial |
0.42% |
Consumer Cyclical - Other |
0.41% |
Services |
0.32% |
Technology |
0.29% |
Consumer Cyclical - Retailers |
0.28% |
Capital Goods |
0.20% |
Communications - Media |
0.16% |
Energy |
0.08% |
SUBTOTAL |
4.41% |
Non Corporate Sectors |
|
Foreign Local Government - Municipal |
0.13% |
SUBTOTAL |
0.13% |
Financial Institutions |
|
Insurance |
0.04% |
SUBTOTAL |
0.04% |
SUBTOTAL |
4.58% |
Emerging Markets - Corporate Bonds |
|
Industrial |
|
Consumer Non-Cyclical |
1.22% |
Communications - Telecommunications |
0.55% |
Basic |
0.53% |
Capital Goods |
0.45% |
Consumer Cyclical - Retailers |
0.27% |
Consumer Cyclical - Other |
0.25% |
Transportation - Airlines |
0.25% |
Energy |
0.14% |
Communications - Media |
0.11% |
Transportation - Services |
0.09% |
SUBTOTAL |
3.86% |
Financial Institutions |
|
Banking |
0.23% |
Finance |
0.20% |
SUBTOTAL |
0.43% |
SUBTOTAL |
4.29% |
Emerging Markets - Sovereigns |
3.41% |
Preferred Stocks |
|
Financial Institutions |
2.15% |
Industrial |
0.06% |
Utility |
0.02% |
SUBTOTAL |
2.23% |
Commercial Mortgage-Backed Securities |
|
Non-Agency Fixed Rate CMBS |
1.17% |
Non-Agency Floating Rate CMBS |
0.11% |
SUBTOTAL |
1.28% |
Governments - Sovereign Agencies |
1.20% |
Local Governments - Municipal Bonds |
1.04% |
Emerging Markets - Treasuries |
1.00% |
Asset-Backed Securities |
|
Home Equity Loans - Fixed Rate |
0.64% |
Home Equity Loans - Floating Rate |
0.14% |
SUBTOTAL |
0.78% |
Common Stocks |
0.78% |
Quasi-Sovereigns |
|
Quasi-Sovereign Bonds |
0.49% |
SUBTOTAL |
0.49% |
Whole Loan Trusts |
|
Performing Asset |
0.43% |
SUBTOTAL |
0.43% |
Local Governments - Regional Bonds |
0.33% |
Inflation-Linked Securities |
0.22% |
Options Purchased - Puts |
|
Options on Funds and Investment Trusts |
0.01% |
Swaptions |
0.01% |
SUBTOTAL |
0.02% |
Put Options Written |
-0.01% |
Currency Instruments |
|
Forward Currency Exchange Contracts |
-0.05% |
SUBTOTAL |
-0.05% |
Reverse Repurchase Agreements |
-9.08% |
Interest Rate Swaps - SIFMA |
-10.38% |
Net Cash Equivalents |
|
Cash |
1.80% |
Investment Companies |
0.87% |
SUBTOTAL |
2.67% |
Derivative Offsets |
|
Swaps Offsets |
5.92% |
Futures Offsets |
-10.24% |
SUBTOTAL |
-4.32% |
100.00% |
|
Country Breakdown |
Portfolio % |
United States |
65.56% |
United Kingdom |
5.19% |
Brazil |
3.91% |
Russia |
1.82% |
Canada |
1.72% |
Luxembourg |
1.44% |
Dominican Republic |
1.33% |
France |
1.33% |
Netherlands |
1.33% |
Germany |
1.24% |
Ireland |
1.14% |
South Africa |
1.00% |
Mexico |
0.96% |
Switzerland |
0.88% |
Ivory Coast |
0.78% |
Argentina |
0.75% |
Italy |
0.66% |
Bermuda |
0.61% |
El Salvador |
0.59% |
United Arab Emirates |
0.58% |
Indonesia |
0.57% |
Colombia |
0.56% |
Spain |
0.44% |
Kazakhstan |
0.38% |
Peru |
0.36% |
Portugal |
0.35% |
Barbados |
0.31% |
Croatia |
0.31% |
Australia |
0.27% |
Sweden |
0.26% |
Serbia |
0.23% |
Philippines |
0.23% |
Singapore |
0.23% |
Costa Rica |
0.23% |
Norway |
0.23% |
Uruguay |
0.21% |
India |
0.18% |
Denmark |
0.17% |
Nigeria |
0.16% |
Bahrain |
0.14% |
Belgium |
0.14% |
China |
0.13% |
Japan |
0.13% |
Chile |
0.13% |
Ghana |
0.12% |
Austria |
0.11% |
Romania |
0.10% |
Macau |
0.10% |
Hong Kong |
0.08% |
Mauritania |
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 |
91.53% |
Brazilian Real |
3.01% |
New Turkish Lira |
1.48% |
South African Rand |
1.27% |
Indonesian Rupiah |
1.03% |
Peruvian Nuevo Sol |
0.50% |
Dominican Peso |
0.48% |
Colombian Peso |
0.48% |
Costa Rican Colon |
0.25% |
Philippine Peso |
0.24% |
Uruguayan Peso |
0.22% |
Hungarian Forint |
0.18% |
Nigerian Naira |
0.18% |
Great British Pound |
0.14% |
Euro |
0.06% |
Swiss Franc |
0.04% |
Russian Rubles |
-0.10% |
Australian Dollar |
-0.99% |
Total Net Assets |
100.00% |
Credit Rating |
Portfolio % |
AAA |
-7.32% |
AA |
0.42% |
A |
4.94% |
BBB |
13.01% |
BB |
27.15% |
B |
34.10% |
CCC |
16.20% |
CC |
0.89% |
D |
0.79% |
Not Rated |
3.07% |
Short Term Investments |
0.87% |
N/A |
5.88% |
100.00% |
|
Bonds By Maturity |
Portfolio % |
Less than 1 year |
9.03% |
1 to 5 years |
48.32% |
5 to 10 years |
29.29% |
10 to 20 years |
5.95% |
20 to 30 years |
4.50% |
More than 30 years |
2.13% |
Other |
0.78% |
Total Net Assets |
100.00% |
Portfolio Statistics: |
|
Average Coupon: |
7.87% |
Average Bond Price : |
104.08 |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
13.71%* |
Preferred Stock: |
0.00% |
Tender Option Bonds: |
0.00% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
13.71% |
Average Maturity: |
6.82 Years |
Effective Duration: |
4.48 Years |
Total Net Assets: |
$1,308.46 Million |
Net Asset Value: |
$15.17 |
Number of Holdings: |
1128 |
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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