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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