AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, Jan. 26 /PRNewswire-FirstCall/ -- AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of December 31, 2009.
AllianceBernstein Global High Income Fund
As of: 12/31/2009
Top 10 Fixed-Income Holdings
Portfolio %
1)Argentina Bonos 7.00%, 10/03/15 3.68%
2)Republic of Brazil 12.50%, 1/05/16 - 1/05/22 2.74%
3)RSHB Capital SA for OJSC Russian 1.52%
Agricultural Bank 7.75%, 5/29/18
4)Turkey Government Bond 16.00%, 3/07/12 1.38%
5)Republic of Colombia 7.375%, 1/27/17 - 1.31%
9/18/37
6)Republic of Philippines 9.875%, 1/15/19 1.21%
7)Citigroup/Deutsche Bank Commercial Mortgage 1.18%
Trust Series 2006-CD2, Class A2 5.408%,
1/15/46
8)GS Mortgage Securities Corp. II Series 1.14%
2006-GG6, Class A2 5.506%, 4/10/38
9)Greenwich Capital Commercial Funding Corp. 1.13%
Series 2005-GG5, Class A2 5.117%, 4/10/37
10)RSHB Capital SA for OJSC Russian 1.07%
Agricultural Bank 6.299%, 5/15/17
Security Type Breakdown
Portfolio %
Corporates - Non-Investment Grades:
Industrial:
Basic 4.69%
Consumer Non-Cyclical 3.71%
Consumer Cyclical - Other 3.43%
Communications - Media 2.79%
Capital Goods 2.70%
Energy 2.14%
Technology 2.10%
Communications - Telecommunications 2.04%
Consumer Cyclical - Retailers 1.67%
Consumer Cyclical - Automotive 1.19%
Services 1.07%
Transportation - Services 0.58%
Other Industrial 0.52%
Transportation - Airlines 0.20%
Consumer Cyclical - Restaurants 0.14%
Transportation - Railroads 0.13%
Consumer Cyclical - Entertainment 0.09%
SUBTOTAL 29.19%
Financial Institutions:
Banking 1.64%
Finance 0.78%
Insurance 0.69%
Other Finance 0.27%
REITS 0.20%
Brokerage 0.14%
SUBTOTAL 3.72%
Utility:
Electric 2.00%
Natural Gas 0.49%
SUBTOTAL 2.49%
Credit Default Index Holdings:
DJ CDX.NA.HY-100 0.90%
SUBTOTAL 0.90%
SUBTOTAL 36.30%
Emerging Markets - Sovereigns:
(none):
Sovereign 18.99%
SUBTOTAL 18.99%
Corporates - Investment Grades:
Financial Institutions:
Banking 2.19%
Insurance 0.87%
Finance 0.37%
Other Finance 0.27%
SUBTOTAL 3.70%
Industrial:
Basic 1.36%
Energy 0.59%
Communications - Telecommunications 0.41%
Capital Goods 0.29%
Other Industrial 0.25%
Consumer Non-Cyclical 0.18%
Technology 0.09%
Consumer Cyclical - Retailers 0.02%
SUBTOTAL 3.19%
Non Corporate Sectors:
Agencies - Not Government Guaranteed 2.58%
SUBTOTAL 2.58%
Utility:
Electric 0.31%
SUBTOTAL 0.31%
SUBTOTAL 9.78%
Commercial Mortgage-Backed Securities:
Non-Agency Fixed Rate CMBS 8.41%
Quasi-Sovereigns:
Quasi-Sovereign Bonds 5.82%
Governments - Sovereign Bonds 4.54%
Governments - Treasuries:
Treasuries 4.40%
Emerging Markets - Treasuries:
(none):
Sovereign 2.55%
SUBTOTAL 2.55%
Bank Loans:
Industrial:
Communications - Media 0.41%
Capital Goods 0.35%
Consumer Non-Cyclical 0.19%
Services 0.17%
Technology 0.16%
Consumer Cyclical - Other 0.14%
Basic 0.11%
Energy 0.07%
Consumer Cyclical - Retailers 0.06%
Other Industrial 0.02%
Consumer Cyclical - Automotive 0.01%
SUBTOTAL 1.69%
Financial Institutions:
Finance 0.26%
Insurance 0.03%
SUBTOTAL 0.29%
Utility:
Electric 0.21%
SUBTOTAL 0.21%
SUBTOTAL 2.19%
Emerging Markets - Corporate Bonds:
Industrial:
Basic 0.35%
Communications - Media 0.23%
Consumer Cyclical - Retailers 0.17%
Energy 0.15%
Consumer Non-Cyclical 0.11%
SUBTOTAL 1.01%
Financial Institutions:
Banking 0.72%
Other Finance 0.24%
SUBTOTAL 0.96%
SUBTOTAL 1.97%
Asset-Backed Securities:
Credit Cards - Floating Rate 1.05%
Home Equity Loans - Floating Rate 0.24%
SUBTOTAL 1.29%
Equities:
Common Stock 0.32%
Warrants 0.09%
SUBTOTAL 0.41%
CMOs:
Non-Agency ARMS 0.37%
Governments - Sovereign Agencies 0.35%
Local Governments - Regional Bonds 0.32%
Inflation-Linked Securities 0.31%
Supranationals 0.07%
Preferred Stocks:
Financial Institutions 0.06%
Non Corporate Sectors 0.01%
SUBTOTAL 0.07%
Short-Term Investments:
Investment Companies 1.86%
Total 100.00%
Country Breakdown
Portfolio %
United States 46.97%
Russia 9.34%
Brazil 6.82%
Argentina 4.21%
Indonesia 3.72%
Colombia 2.99%
Turkey 2.59%
Venezuela 1.86%
Philippines 1.81%
Kazakhstan 1.69%
United Kingdom 1.39%
Uruguay 1.36%
Ukraine 1.32%
Peru 1.31%
El Salvador 1.12%
Dominican Republic 1.07%
Panama 1.01%
Canada 1.00%
Hungary 0.90%
South Africa 0.68%
France 0.64%
Hong Kong 0.60%
Netherlands 0.46%
Germany 0.44%
Egypt 0.40%
India 0.36%
Iceland 0.34%
Lithuania 0.33%
Croatia 0.29%
Ireland 0.28%
Barbados 0.23%
Bermuda 0.22%
Gabon 0.22%
Japan 0.22%
Norway 0.21%
Ghana 0.19%
Poland 0.17%
Serbia & Montenegro 0.16%
Trinidad And Tobago 0.15%
Luxembourg 0.15%
Singapore 0.14%
Cayman Islands 0.14%
Czech Republic 0.12%
Australia 0.11%
Nigeria 0.09%
Italy 0.08%
Supranational 0.07%
Costa Rica 0.02%
Belgium 0.01%
Total 100.00%
Credit Quality Breakdown
Portfolio %
AAA 9.53%
AA 0.62%
A 2.60%
BBB 24.85%
BB 28.14%
B 22.37%
CCC 8.95%
CC 0.54%
C 0.07%
D 0.46%
A-1+ 1.87%
Total Investments 100.00%
Portfolio Statistics:
Percentage of Leverage:
Bank Borrowing: 0.00%
Investment Operations: 8.61%*
Preferred Stock: 0.00%
Term Asset-Backed Loans
Facility (TALF): 3.55%
Total: 12.16%
Avg. Maturity: 8.31 Years
Effective Duration: 5.11 Years
Total Net Assets: $1,183.7 Million
Net Asset Value: $13.90
Number of Holdings: 631
* 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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