AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, June 29 /PRNewswire-FirstCall/ -- AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of May 31, 2010.
AllianceBernstein Global High Income Fund
As of: 5/31/2010
Top 10 Fixed-Income Holdings
Portfolio %
1)Republic of Brazil 12.50%, 1/05/16 - 1/05/22 2.14%
2)Republic of Colombia 7.375%, 1/27/17 - 9/18/37 1.25%
3)Argentina Bonos 7.00%, 10/03/15 1.21%
4)Republic of Philippines 9.875%, 1/15/19 1.15%
5)RSHB Capital SA for OJSC Russian 1.12%
Agricultural Bank 7.75%, 5/29/18
6)Citibank Omni Master Trust Series 2009-A14A, 1.04%
Class A14 3.087%, 8/15/18
7)Republic of Indonesia 6.875%, 1/17/18 0.98%
8)Republic of Colombia 12.00%, 10/22/15 0.94%
9)Gaz Capital SA 6.51%, 3/07/22 0.91%
10)Republic of Indonesia 6.625%, 2/17/37 0.79%
Security Type Breakdown
Portfolio %
Corporates - Non-Investment Grades:
Industrial:
Basic 5.59%
Consumer Non-Cyclical 4.36%
Consumer Cyclical - Other 4.00%
Capital Goods 3.76%
Communications - Media 3.75%
Energy 2.87%
Communications - Telecommunications 2.29%
Consumer Cyclical - Retailers 2.16%
Technology 2.03%
Consumer Cyclical - Automotive 1.69%
Services 1.30%
Transportation - Services 0.70%
Transportation - Airlines 0.58%
Other Industrial 0.56%
Consumer Cyclical - Restaurants 0.22%
Consumer Cyclical - Entertainment 0.15%
Transportation - Railroads 0.12%
SUBTOTAL 36.13%
Financial Institutions:
Banking 1.70%
Finance 1.16%
Insurance 0.90%
Brokerage 0.34%
Other Finance 0.30%
SUBTOTAL 4.40%
Utility:
Electric 2.13%
Natural Gas 0.57%
SUBTOTAL 2.70%
Credit Default Index Holdings:
DJ CDX.NA.HY-100 0.49%
SUBTOTAL 0.49%
SUBTOTAL 43.72%
Emerging Markets - Sovereigns 14.77%
Corporates - Investment Grades:
Financial Institutions:
Banking 1.26%
Insurance 1.13%
Finance 0.36%
Other Finance 0.26%
REITS 0.13%
SUBTOTAL 3.14%
Industrial:
Basic 1.01%
Energy 0.50%
Other Industrial 0.34%
Capital Goods 0.28%
Communications - Telecommunications 0.23%
Consumer Non-Cyclical 0.18%
Technology 0.18%
Services 0.16%
Consumer Cyclical - Retailers 0.12%
Transportation - Airlines 0.08%
SUBTOTAL 3.08%
Non Corporate Sectors:
Agencies - Not Government Guaranteed 2.22%
SUBTOTAL 2.22%
Utility:
Electric 0.14%
SUBTOTAL 0.14%
SUBTOTAL 8.58%
Commercial Mortgage-Backed Securities:
Non-Agency Fixed Rate CMBS 6.78%
Quasi-Sovereigns:
Quasi-Sovereign Bonds 5.22%
Governments - Sovereign Bonds 4.34%
Governments - Treasuries:
Treasuries 4.11%
Emerging Markets - Corporate Bonds:
Industrial:
Basic 0.48%
Communications - Media 0.34%
Energy 0.28%
Consumer Cyclical - Retailers 0.17%
Other Industrial 0.13%
Consumer Non-Cyclical 0.09%
SUBTOTAL 1.49%
Financial Institutions:
Banking 0.64%
Other Finance 0.24%
SUBTOTAL 0.88%
SUBTOTAL 2.37%
Bank Loans:
Industrial:
Communications - Media 0.47%
Capital Goods 0.33%
Consumer Cyclical - Automotive 0.22%
Services 0.19%
Basic 0.16%
Consumer Cyclical - Other 0.13%
Consumer Cyclical - Retailers 0.11%
Technology 0.10%
Energy 0.06%
Consumer Non-Cyclical 0.03%
Other Industrial 0.02%
SUBTOTAL 1.82%
Financial Institutions:
Finance 0.19%
REITS 0.11%
SUBTOTAL 0.30%
Utility:
Electric 0.19%
SUBTOTAL 0.19%
SUBTOTAL 2.31%
Asset-Backed Securities:
Credit Cards - Floating Rate 1.03%
Home Equity Loans - Fixed Rate 0.81%
Home Equity Loans - Floating Rate 0.10%
SUBTOTAL 1.94%
CMOs:
Non-Agency Fixed Rate 1.05%
Non-Agency Floating Rate 0.47%
Non-Agency ARMS 0.34%
SUBTOTAL 1.86%
Emerging Markets - Treasuries 1.42%
Supranationals 0.57%
Equities:
Common Stock 0.43%
SUBTOTAL 0.43%
Inflation-Linked Securities 0.35%
Local Governments - Regional Bonds 0.34%
Preferred Stocks:
Financial Institutions 0.19%
Non Corporate Sectors 0.01%
SUBTOTAL 0.20%
Local Governments - Municipal Bonds 0.15%
Governments - Sovereign Agencies 0.10%
Short-Term Investments:
Investment Companies 0.44%
Total 100.00%
Country Breakdown
Portfolio %
United States 53.09%
Russia 6.47%
Brazil 5.67%
Indonesia 3.59%
Colombia 2.96%
Kazakhstan 2.10%
United Kingdom 1.79%
Argentina 1.77%
Ukraine 1.68%
Philippines 1.68%
Venezuela 1.47%
South Africa 1.35%
Uruguay 1.33%
Turkey 1.30%
Peru 1.28%
Canada 1.09%
El Salvador 1.08%
Dominican Republic 1.00%
Panama 0.98%
Netherlands 0.94%
Hungary 0.90%
Ireland 0.73%
Supranational 0.57%
Germany 0.46%
Lithuania 0.43%
Egypt 0.39%
India 0.34%
Hong Kong 0.34%
Barbados 0.34%
Ghana 0.31%
Iceland 0.28%
Croatia 0.27%
China 0.25%
Luxembourg 0.24%
Czech Republic 0.21%
Gabon 0.21%
France 0.16%
Italy 0.14%
Trinidad And Tobago 0.14%
Serbia & Montenegro 0.12%
Norway 0.11%
Australia 0.10%
Poland 0.09%
Japan 0.08%
Switzerland 0.08%
Jamaica 0.04%
Denmark 0.04%
Belgium 0.01%
Total 100.00%
Credit Quality Breakdown
Portfolio %
AAA 6.91%
AA 1.05%
A 3.56%
BBB 22.44%
BB 27.31%
B 26.93%
CCC 10.68%
CC 0.22%
C 0.02%
D 0.43%
A-1+ 0.45%
Total Investments 100.00%
Portfolio Statistics:
Percentage of Leverage:
Bank Borrowing: 0.00%
Investment Operations: 16.30%*
Preferred Stock: 0.00%
Tender Option Bonds: 0.00%
Term Asset-Backed Loans
Facility (TALF): .98%
Total: 17.28%
Avg. Maturity: 8.71 Years
Effective Duration: 5.66 Years
Total Net Assets: $1,188.9 Million
Net Asset Value: $13.96
Number of Holdings: 706
* 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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