AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, June 28 /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: 6/30/2010 Top 10 Fixed-Income Holdings Portfolio % 1)Republic of Brazil 12.50%, 1/05/16 – 1/05/22 1.76% 2)Argentina Bonos 7.00%, 10/03/15 1.43% 3)Philippine Government International Bond 9.875%, 1/15/19 1.15% 4)Republic of Indonesia 6.875%, 1/17/18 0.98% 5)Republic of Colombia 12.00%, 10/22/15 0.98% 6)RSHB Capital SA for OJSC Russian Agricultural Bank 7.75%, 5/29/18 0.94% 7)Gaz Capital SA for Gazprom 6.51%, 3/07/22 0.93% 8)Republic of Colombia 7.375%, 3/18/19 – 9/18/37 0.87% 9)South Africa Government Bond Series R203 8.25%, 9/15/17 0.73% 10)Dominican Republic 8.625%, 4/20/27 0.68%
Security Type Breakdown Portfolio % Corporates - Non-Investment Grades: Industrial: Basic 5.66% Consumer Non-Cyclical 4.46% Consumer Cyclical – Other 4.23% Capital Goods 3.88% Communications – Media 3.63% Energy 3.01% Communications – Telecommunications 2.67% Consumer Cyclical – Retailers 2.15% Technology 1.93% Consumer Cyclical – Automotive 1.53% Services 1.29% Transportation – Services 0.83% Transportation - Airlines 0.58% Other Industrial 0.55% Consumer Cyclical - Restaurants 0.22% Consumer Cyclical – Entertainment 0.16% Transportation – Railroads 0.12% SUBTOTAL 36.90% Financial Institutions: Banking 1.57% Finance 1.22% Insurance 1.07% Brokerage 0.32% Other Finance 0.31% SUBTOTAL 4.49% Utility: Electric 2.20% Natural Gas 0.63% SUBTOTAL 2.83% Credit Default Index Holdings: DJ CDX.NA.HY-100 0.42% SUBTOTAL 0.42% SUBTOTAL 44.64% Emerging Markets – Sovereigns 15.12% Corporates - Investment Grades: Financial Institutions: Banking 1.41% Insurance 1.35% Finance 0.36% REITS 0.28% Other Finance 0.26% SUBTOTAL 3.66% Industrial: Basic 1.18% Energy 0.82% Other Industrial 0.33% Technology 0.25% Capital Goods 0.19% Communications – Telecommunications 0.17% Services 0.16% Consumer Non-Cyclical 0.15% Consumer Cyclical – Retailers 0.11% Transportation - Airlines 0.08% SUBTOTAL 3.44% Non Corporate Sectors: Agencies – Not Government Guaranteed 1.86% SUBTOTAL 1.86% Utility: Electric 0.20% SUBTOTAL 0.20% SUBTOTAL 9.16% Commercial Mortgage-Backed Securities: Non-Agency Fixed Rate CMBS 6.88% Non-Agency Floating Rate CMBS 0.13% SUBTOTAL 7.01% Quasi-Sovereigns: Quasi-Sovereign Bonds 4.72% SUBTOTAL 4.72% Governments - Treasuries: Treasuries 3.89% SUBTOTAL 3.89% Governments – Sovereign Bonds 2.74% CMOs: Non-Agency Fixed Rate 1.19% Non-Agency Floating Rate 0.66% Non-Agency ARMS 0.32% SUBTOTAL 2.17% Emerging Markets – Treasuries 2.10% Emerging Markets - Corporate Bonds: Industrial: Basic 0.34% Communications – Media 0.33% Consumer Cyclical – Retailers 0.16% Energy 0.14% Other Industrial 0.12% Consumer Non-Cyclical 0.09% SUBTOTAL 1.18% Financial Institutions: Banking 0.65% Other Finance 0.24% SUBTOTAL .89% SUBTOTAL 2.07% Bank Loans: Industrial: Communications – Media 0.45% Capital Goods 0.21% Technology 0.19% Basic 0.16% Consumer Cyclical – Automotive 0.15% Consumer Cyclical - Other 0.13% Services 0.10% Consumer Cyclical – Retailers 0.08% Energy 0.06% Consumer Non-Cyclical 0.03% SUBTOTAL 1.56% Financial Institutions: Finance 0.18% REITS 0.11% SUBTOTAL 0.29% Utility: Electric 0.19% SUBTOTAL 0.19% SUBTOTAL 2.04% Asset-Backed Securities: Home Equity Loans – Fixed Rate 1.03% Home Equity Loans – Floating Rate 0.16% SUBTOTAL 1.19% Supranationals 0.59% Common Stock 0.40% Local Governments – Regional Bonds 0.36% Inflation-Linked Securities 0.33% Agencies Agency Subordinated 0.22% SUBTOTAL 0.22% Preferred Stocks: Financial Institutions 0.20% SUBTOTAL 0.20% Local Governments - Municipal Bonds 0.15% Governments - Sovereign Agencies 0.10% Short-Term Investments: Investment Companies 0.80%
Country Breakdown Portfolio % United States 54.14% Russia 6.38% Brazil 4.72% Colombia 3.08% Indonesia 2.80% Argentina 2.02% Turkey 1.94% United Kingdom 1.80% Kazakhstan 1.78% Ukraine 1.70% Philippines 1.66% Venezuela 1.39% Uruguay 1.34% South Africa 1.31% El Salvador 1.09% Canada 1.09% Dominican Republic 1.03% Peru 1.01% Netherlands 0.92% Panama 0.87% Hungary 0.85% Ireland 0.65% Supranational 0.59% Germany 0.46% Lithuania 0.44% Egypt 0.39% India 0.35% Hong Kong 0.33% Barbados 0.33% Ghana 0.31% Iceland 0.28% China 0.26% Croatia 0.26% Luxembourg 0.24% Switzerland 0.23% Greece 0.23% France 0.22% Italy 0.22% Gabon 0.21% Czech Republic 0.21% Trinidad & Tobago 0.14% Serbia & Montenegro 0.13% Sweden 0.12% Norway 0.11% Australia 0.10% Japan 0.09% Poland 0.08% Jamaica 0.05% Denmark 0.04% Belgium 0.01% Total Investments 100.00%
Credit Quality Breakdown Portfolio % AAA 5.71% AA 1.30% A 3.84% BBB 21.23% BB 27.63% B 27.65% CCC 10.98% CC 0.18% C 0.03% D 0.13% A-1+ 0.80% N/R 0.52% Total Investments 100.00% Portfolio Statistics: Percentage of Leverage: Bank Borrowing: 0.00% Investment Operations: 15.00* Preferred Stock: 0.00% Tender Option Bonds: 0.00% Term Asset-Backed Loans Facility (TALF): 0.00% Total: 15.00% as of 6/30/2010 Avg. Maturity: 8.80 Years Effective Duration: 5.56 Years, as of 6/30/2010 Total Net Assets: $1,199.4 Million Net Asset Value: $14.08 Number of Holdings: 717
* 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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