AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, March 26 /PRNewswire-FirstCall/ -- AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of February 28, 2010.
AllianceBernstein Global High Income Fund
As of: 2/28/2010
Top 10 Fixed-Income Holdings
Portfolio %
1)Republic of Brazil 12.50%, 1/05/16 - 1/05/22 2.65%
2)RSHB Capital SA for OJSC Russian 1.43%
Agricultural Bank 7.75%, 5/29/18
3)Republic of Colombia 7.375%, 1/27/17 - 1.27%
9/18/37
4)Argentina Bonos 7.00%, 10/03/15 1.21%
5)Republic of Philippines 9.875%, 1/15/19 1.14%
6)Citibank Omni Master Trust Series 2009-A14A, 1.03%
Class A14 2.982%, 8/15/18
7)RSHB Capital SA for OJSC Russian 1.02%
Agricultural Bank 6.299%, 5/15/17
8)Republic of Indonesia 6.875%, 1/17/18 0.99%
9)Republic of Colombia 12.00%, 10/22/15 0.93%
10)Gaz Capital SA 6.51%, 3/07/22 0.93%
Security Type Breakdown
Portfolio %
Corporates - Non-Investment Grades:
Industrial:
Basic 4.80%
Consumer Non-Cyclical 4.27%
Consumer Cyclical - Other 3.52%
Communications - Media 3.00%
Capital Goods 2.89%
Energy 2.60%
Communications - Telecommunications 2.46%
Technology 2.41%
Consumer Cyclical - Retailers 2.20%
Consumer Cyclical - Automotive 1.47%
Services 1.13%
Other Industrial 0.58%
Transportation - Services 0.57%
Transportation - Airlines 0.31%
Consumer Cyclical - Restaurants 0.22%
Consumer Cyclical - Entertainment 0.16%
Transportation - Railroads 0.12%
SUBTOTAL 32.71%
Financial Institutions:
Banking 1.94%
Insurance 1.12%
Finance 1.10%
Brokerage 0.35%
Other Finance 0.32%
SUBTOTAL 4.83%
Utility:
Electric 2.04%
Natural Gas 0.58%
SUBTOTAL 2.62%
Credit Default Index Holdings:
DJ CDX.NA.HY-100 0.86%
SUBTOTAL 0.86%
SUBTOTAL 41.02%
Emerging Markets - Sovereigns 16.10%
Corporates - Investment Grades:
Financial Institutions:
Banking 2.21%
Insurance 1.07%
Finance 0.37%
Other Finance 0.26%
SUBTOTAL 3.91%
Industrial:
Basic 1.33%
Energy 0.56%
Other Industrial 0.35%
Communications - Telecommunications 0.32%
Capital Goods 0.28%
Consumer Non-Cyclical 0.18%
Technology 0.18%
Services 0.17%
Consumer Cyclical - Retailers 0.02%
SUBTOTAL 3.39%
Non Corporate Sectors:
Agencies - Not Government Guaranteed 2.53%
SUBTOTAL 2.53%
Utility:
Electric 0.29%
SUBTOTAL 0.29%
SUBTOTAL 10.12%
Commercial Mortgage-Backed Securities:
Non-Agency Fixed Rate CMBS 6.38%
Non-Agency Floating Rate CMBS 0.10%
SUBTOTAL 6.48%
Quasi-Sovereigns:
Quasi-Sovereign Bonds 5.94%
Governments - Sovereign Bonds 4.66%
Governments - Treasuries:
Treasuries 4.50%
Bank Loans:
Industrial:
Communications - Media 0.45%
Capital Goods 0.39%
Technology 0.27%
Consumer Cyclical - Automotive 0.22%
Consumer Non-Cyclical 0.18%
Basic 0.18%
Services 0.16%
Consumer Cyclical - Other 0.13%
Consumer Cyclical - Retailers 0.13%
Energy 0.07%
Other Industrial 0.02%
SUBTOTAL 2.20%
Financial Institutions:
Finance 0.22%
REITS 0.12%
Insurance 0.02%
SUBTOTAL 0.36%
Utility:
Electric 0.21%
SUBTOTAL 0.21%
SUBTOTAL 2.77%
Emerging Markets - Corporate Bonds:
Industrial:
Basic 0.35%
Communications - Media 0.22%
Consumer Cyclical - Retailers 0.17%
Energy 0.14%
Consumer Non-Cyclical 0.11%
Consumer Cyclical - Other 0.04%
SUBTOTAL 1.03%
Financial Institutions:
Banking 0.72%
Other Finance 0.23%
SUBTOTAL 0.95%
SUBTOTAL 1.98%
Emerging Markets - Treasuries 1.54%
Asset-Backed Securities:
Credit Cards - Floating Rate 1.04%
Home Equity Loans - Floating Rate 0.19%
SUBTOTAL 1.23%
CMOs:
Non-Agency Floating Rate 0.47%
Non-Agency ARMS 0.33%
SUBTOTAL 0.80%
Equities:
Common Stock 0.41%
Warrants 0.09%
SUBTOTAL 0.50%
Local Governments - Regional Bonds 0.33%
Inflation-Linked Securities 0.32%
Supranationals 0.14%
Governments - Sovereign Agencies 0.10%
Preferred Stocks:
Financial Institutions 0.06%
Non Corporate Sectors 0.01%
SUBTOTAL 0.07%
Short-Term Investments:
Investment Companies 1.40%
Total 100.00%
Country Breakdown
Portfolio %
United States 50.09%
Russia 9.29%
Brazil 6.55%
Indonesia 3.63%
Colombia 2.95%
Kazakhstan 2.05%
Venezuela 2.01%
United Kingdom 1.73%
Philippines 1.71%
Argentina 1.66%
Turkey 1.52%
Ukraine 1.43%
Uruguay 1.32%
Peru 1.28%
El Salvador 1.11%
Canada 1.08%
Dominican Republic 1.02%
South Africa 1.02%
Hungary 1.00%
Panama 0.96%
Netherlands 0.58%
France 0.46%
Lithuania 0.45%
Germany 0.41%
Ireland 0.38%
India 0.36%
Hong Kong 0.35%
Japan 0.31%
Iceland 0.31%
Croatia 0.27%
Barbados 0.22%
Gabon 0.21%
Bermuda 0.21%
Ghana 0.18%
Switzerland 0.17%
Italy 0.16%
Trinidad And Tobago 0.15%
Egypt 0.14%
Luxembourg 0.14%
Singapore 0.14%
Supranational 0.14%
Serbia & Montenegro 0.14%
Cayman Islands 0.14%
Norway 0.12%
Czech Republic 0.11%
Australia 0.10%
Poland 0.09%
Nigeria 0.08%
Denmark 0.04%
Costa Rica 0.02%
Belgium 0.01%
Total 100.00%
Credit Quality Breakdown
Portfolio %
AAA 7.35%
AA 0.38%
A 2.90%
BBB 25.34%
BB 28.38%
B 23.69%
CCC 9.74%
CC 0.37%
C 0.07%
D 0.38%
A-1+ 1.40%
Total Investments 100.00%
Portfolio Statistics:
Percentage of Leverage:
Bank Borrowing: 0.00%
Investment Operations: 10.92%*
Preferred Stock: 0.00%
Tender Option Bonds: 0.00%
Term Asset-Backed Loans
Facility (TALF): .87%
Total Fund Leverage: 11.79%
Avg. Maturity: 8.62 Years
Effective Duration: 5.53 Years
Total Net Assets: $1,188.2 Million
Net Asset Value: $13.95
Number of Holdings: 679
* 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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